B vs HMY: Correlation
Barrick Mining Corporation (B) and Harmony Gold Mining Company Limited (HMY) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are B and HMY?
Across a 3-year window, the weekly returns of B and HMY correlate at 0.77, strong. The relationship has been stable: the 1-year correlation (0.87) sits close to the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 1986.3 %².
Within B's tracked universe of 17 assets, HMY comes in at #9 by 3-year correlation. The last year tells two different stories: B led by 37.0 percentage points, +83.1% for B against +46.1% for HMY. Note the risk asymmetry: HMY runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HMY: side by side
| B (Barrick Mining Corporation) | HMY (Harmony Gold Mining Company Limited) | |
|---|---|---|
| 1-year return | +83.1% | +46.1% |
| 5-year return | +171.9% | +492.0% |
| Volatility (ann.) | 40.7% | 63.5% |
| Beta vs S&P 500 | 0.87 | 1.18 |
| Max drawdown (3Y) | -33.4% | -48.8% |
| Market cap | $77.9B | – |
| P/E (trailing) | 12.2 | 13.9 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | B | HMY |
|---|---|---|
| 2022 | -6.2% | -16.4% |
| 2023 | +7.9% | +82.5% |
| 2024 | -12.3% | +35.4% |
| 2025 | +186.9% | +144.2% |
| 2026 | +10.0% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are B and HMY good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between B and HMY?
As of 2026-08-27, the correlation of weekly returns between B and HMY is 0.77 over 3 years, 0.87 over 1 year and 0.74 over 5 years.
Is HMY a good diversifier for B?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 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
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Related comparisons
Hubs: B correlations · HMY correlations
