B vs GLD: Correlation
How closely do Barrick Mining Corporation (B) and SPDR Gold Shares (GLD) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are B and GLD?
On 3 years of weekly data the B/GLD correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.75 over 3. The 5-year figure is 0.76, and annualized covariance runs at 566.9 %².
By 3-year correlation, GLD places #10 of the 17 assets tracked against B. The last year tells two different stories: B led by 48.0 percentage points, +83.1% for B against +35.1% for GLD. One caveat on sizing: B is 2.2 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.
B vs GLD: side by side
| B (Barrick Mining Corporation) | GLD (SPDR Gold Shares) | |
|---|---|---|
| 1-year return | +83.1% | +35.1% |
| 5-year return | +171.9% | +149.5% |
| Volatility (ann.) | 40.7% | 18.7% |
| Beta vs S&P 500 | 0.87 | 0.18 |
| Max drawdown (3Y) | -33.4% | -26.4% |
| Market cap | $77.9B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.38% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | B | GLD |
|---|---|---|
| 2022 | -6.2% | -0.8% |
| 2023 | +7.9% | +12.7% |
| 2024 | -12.3% | +26.7% |
| 2025 | +186.9% | +63.7% |
| 2026 | +10.0% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are B and GLD good diversifiers for each other?
Only partially. A correlation of 0.75 means B and GLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between B and GLD?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.74 over the last year and 0.76 over 5 years.
Is GLD a good diversifier for B?
Only partially. A correlation of 0.75 means B and GLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
A reading of 0.75 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/b-vs-gld.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/b-vs-gld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: B correlations · GLD correlations
