AU vs VMAR: Correlation
AngloGold Ashanti PLC (AU) and Vision Marine Technologies Inc. (VMAR) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AU and VMAR?
On 3 years of weekly data the AU/VMAR correlation comes out at 0.28, weak. Recent behaviour matches the longer record: 0.36 over 1 year against 0.28 over 3. The 5-year figure is 0.19, and annualized covariance runs at 1729.8 %².
Among the 13 assets we track against AU, VMAR ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AU outperformed by 223.7 percentage points (+123.8% for AU against -99.9% for VMAR). One caveat on sizing: VMAR is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VMAR: side by side
| AU (AngloGold Ashanti PLC) | VMAR (Vision Marine Technologies Inc.) | |
|---|---|---|
| 1-year return | +123.8% | -99.9% |
| 5-year return | +725.4% | -100.0% |
| Volatility (ann.) | 56.7% | 110.6% |
| Beta vs S&P 500 | 0.92 | 1.13 |
| Max drawdown (3Y) | -39.9% | -100.0% |
| Market cap | $59.9B | – |
| P/E (trailing) | 15.8 | – |
| Dividend yield | 3.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AU | VMAR |
|---|---|---|
| 2022 | -5.1% | -4.8% |
| 2023 | -2.7% | -76.4% |
| 2024 | +26.5% | -98.9% |
| 2025 | +288.2% | -98.7% |
| 2026 | +43.8% | -99.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AU and VMAR good diversifiers for each other?
Reasonably. At 0.28, AU and VMAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AU and VMAR?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.36 over the last year and 0.19 over 5 years.
Is VMAR a good diversifier for AU?
Reasonably. At 0.28, AU and VMAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/au-vs-vmar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/au-vs-vmar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AU correlations · VMAR correlations
