AUST vs BAR: Correlation
How closely do Austin Gold Corp. (AUST) and GraniteShares Gold Trust Shares of Beneficial Interest (BAR) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUST and BAR?
Over the past 3 years, AUST and BAR moved with a correlation of 0.53, which is moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.53). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 880.5 %².
In AUST's tracked universe of 13 assets, BAR sits right near the top at #1. The last year tells two different stories: BAR led by 55.4 percentage points, -19.9% for AUST against +35.5% for BAR. Risk is not evenly split, since AUST carries 4.8 times the volatility of the other side.
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.
AUST vs BAR: side by side
| AUST (Austin Gold Corp.) | BAR (GraniteShares Gold Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -19.9% | +35.5% |
| 5-year return | -71.4% | +152.4% |
| Volatility (ann.) | 89.9% | 18.6% |
| Beta vs S&P 500 | 0.92 | 0.17 |
| Max drawdown (3Y) | -70.3% | -26.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUST | BAR |
|---|---|---|
| 2022 | – | -0.6% |
| 2023 | -21.6% | +13.0% |
| 2024 | +69.6% | +27.0% |
| 2025 | +17.9% | +64.1% |
| 2026 | -15.5% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUST and BAR good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AUST and BAR?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.70 over the last year and 0.54 over 5 years.
Is BAR a good diversifier for AUST?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aust-vs-bar.json
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Related comparisons
Hubs: AUST correlations · BAR correlations
