B vs KGC: Correlation
Barrick Mining Corporation (B) and Kinross Gold Corporation (KGC) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are B and KGC?
On 3 years of weekly data the B/KGC correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 1613.0 %².
Within B's tracked universe of 17 assets, KGC comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months B outperformed by 21.6 percentage points (+83.1% for B against +61.5% for KGC).
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 KGC: side by side
| B (Barrick Mining Corporation) | KGC (Kinross Gold Corporation) | |
|---|---|---|
| 1-year return | +83.1% | +61.5% |
| 5-year return | +171.9% | +495.9% |
| Volatility (ann.) | 40.7% | 47.3% |
| Beta vs S&P 500 | 0.87 | 0.97 |
| Max drawdown (3Y) | -33.4% | -40.7% |
| Market cap | $77.9B | $38.6B |
| P/E (trailing) | 12.2 | 12.3 |
| Dividend yield | 1.38% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | B | KGC |
|---|---|---|
| 2022 | -6.2% | -27.6% |
| 2023 | +7.9% | +51.8% |
| 2024 | -12.3% | +55.6% |
| 2025 | +186.9% | +205.7% |
| 2026 | +10.0% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are B and KGC good diversifiers for each other?
No: a correlation of 0.84 means B and KGC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between B and KGC?
The B/KGC correlation stands at 0.84 on a 3-year window (1 year: 0.89, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is KGC a good diversifier for B?
No: a correlation of 0.84 means B and KGC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 mean?
A reading of 0.84 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-kgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/b-vs-kgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: B correlations · KGC correlations
