AUST vs DGP: Correlation
How closely do Austin Gold Corp. (AUST) and DB Gold Double Long ETN due February 15, 2038 (DGP) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUST and DGP?
Across a 3-year window, the weekly returns of AUST and DGP correlate at 0.52, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.52). Stretching to 5 years gives 0.54, with an annualized covariance of 1751.1 %².
By 3-year correlation, DGP places #4 of the 13 assets tracked against AUST. Correlation aside, the last 12 months split them widely, with DGP ahead by 81.8 points (-19.9% versus +61.9%). Risk is not evenly split, since AUST carries 2.4 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 DGP: side by side
| AUST (Austin Gold Corp.) | DGP (DB Gold Double Long ETN due February 15, 2038) | |
|---|---|---|
| 1-year return | -19.9% | +61.9% |
| 5-year return | -71.4% | +336.5% |
| Volatility (ann.) | 89.9% | 37.4% |
| Beta vs S&P 500 | 0.92 | 0.38 |
| Max drawdown (3Y) | -70.3% | -47.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUST | DGP |
|---|---|---|
| 2022 | – | -5.5% |
| 2023 | -21.6% | +17.0% |
| 2024 | +69.6% | +53.2% |
| 2025 | +17.9% | +141.4% |
| 2026 | -15.5% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUST and DGP good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AUST and DGP?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.69 over the last year and 0.54 over 5 years.
Is DGP a good diversifier for AUST?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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/aust-vs-dgp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aust-vs-dgp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUST correlations · DGP correlations
