AU vs KGC: Correlation
AngloGold Ashanti PLC (AU) and Kinross Gold Corporation (KGC) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AU and KGC?
On 3 years of weekly data the AU/KGC correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.92 lands near the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 2223.9 %².
KGC is one of the assets that tracks AU most closely: it ranks #3 out of the 13 assets we track against AU. Correlation aside, the last 12 months split them widely, with AU ahead by 62.3 points (+123.8% versus +61.5%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AU vs KGC: side by side
| AU (AngloGold Ashanti PLC) | KGC (Kinross Gold Corporation) | |
|---|---|---|
| 1-year return | +123.8% | +61.5% |
| 5-year return | +725.4% | +495.9% |
| Volatility (ann.) | 56.7% | 47.3% |
| Beta vs S&P 500 | 0.92 | 0.97 |
| Max drawdown (3Y) | -39.9% | -40.7% |
| Market cap | $59.9B | $38.6B |
| P/E (trailing) | 15.8 | 12.3 |
| Dividend yield | 3.83% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AU | KGC |
|---|---|---|
| 2022 | -5.1% | -27.6% |
| 2023 | -2.7% | +51.8% |
| 2024 | +26.5% | +55.6% |
| 2025 | +288.2% | +205.7% |
| 2026 | +43.8% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AU and KGC good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AU and KGC?
As of 2026-08-27, the correlation of weekly returns between AU and KGC is 0.83 over 3 years, 0.92 over 1 year and 0.81 over 5 years.
Is KGC a good diversifier for AU?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/au-vs-kgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/au-vs-kgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AU correlations · KGC correlations
