BTG vs VOXR: Correlation
Measured on weekly returns over the past three years, B2Gold Corp (BTG) and Vox Royalty Corp. (VOXR) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTG and VOXR?
Over the past 3 years, BTG and VOXR moved with a correlation of 0.54, which is moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.54). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 1324.5 %².
By 3-year correlation, VOXR places #11 of the 16 assets tracked against BTG. Correlation aside, the last 12 months split them widely, with VOXR ahead by 16.2 points (+44.9% versus +61.1%).
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.
BTG vs VOXR: side by side
| BTG (B2Gold Corp) | VOXR (Vox Royalty Corp.) | |
|---|---|---|
| 1-year return | +44.9% | +61.1% |
| 5-year return | +85.7% | +197.9% |
| Volatility (ann.) | 55.7% | 43.7% |
| Beta vs S&P 500 | 1.12 | 0.63 |
| Max drawdown (3Y) | -40.7% | -35.2% |
| Market cap | $7.7B | $0.4B |
| P/E (trailing) | 10.4 | 8.3 |
| Dividend yield | 1.39% | 0.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTG | VOXR |
|---|---|---|
| 2022 | -5.1% | -14.8% |
| 2023 | -7.2% | -9.9% |
| 2024 | -18.1% | +15.8% |
| 2025 | +87.2% | +105.5% |
| 2026 | +30.4% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTG and VOXR good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BTG and VOXR?
The BTG/VOXR correlation stands at 0.54 on a 3-year window (1 year: 0.72, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is VOXR a good diversifier for BTG?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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/btg-vs-voxr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btg-vs-voxr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTG correlations · VOXR correlations
