B vs RGLD: Correlation
Barrick Mining Corporation (B) and Royal Gold, Inc. (RGLD) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are B and RGLD?
Across a 3-year window, the weekly returns of B and RGLD correlate at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. Stretching to 5 years gives 0.84, with an annualized covariance of 1211.1 %².
Among the 17 assets we track against B, RGLD ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months B outperformed by 29.8 percentage points (+83.1% for B against +53.3% for RGLD).
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 RGLD: side by side
| B (Barrick Mining Corporation) | RGLD (Royal Gold, Inc.) | |
|---|---|---|
| 1-year return | +83.1% | +53.3% |
| 5-year return | +171.9% | +156.8% |
| Volatility (ann.) | 40.7% | 35.8% |
| Beta vs S&P 500 | 0.87 | 0.64 |
| Max drawdown (3Y) | -33.4% | -38.2% |
| Market cap | $77.9B | $22.8B |
| P/E (trailing) | 12.2 | 29.5 |
| Dividend yield | 1.38% | 0.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | B | RGLD |
|---|---|---|
| 2022 | -6.2% | +8.5% |
| 2023 | +7.9% | +8.7% |
| 2024 | -12.3% | +10.4% |
| 2025 | +186.9% | +70.4% |
| 2026 | +10.0% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are B and RGLD good diversifiers for each other?
No. With a correlation of 0.83, B and RGLD move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between B and RGLD?
As of 2026-08-27, the correlation of weekly returns between B and RGLD is 0.83 over 3 years, 0.85 over 1 year and 0.84 over 5 years.
Is RGLD a good diversifier for B?
No. With a correlation of 0.83, B and RGLD move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 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-rgld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/b-vs-rgld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: B correlations · RGLD correlations
