CGAU vs VOXR: Correlation
Measured on weekly returns over the past three years, Centerra Gold Inc. (CGAU) and Vox Royalty Corp. (VOXR) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGAU and VOXR?
Over the past 3 years, CGAU and VOXR moved with a correlation of 0.55, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.55 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1102.4 %².
Within CGAU's tracked universe of 20 assets, VOXR comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CGAU outperformed by 152.3 percentage points (+213.4% for CGAU against +61.1% for VOXR).
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.
CGAU vs VOXR: side by side
| CGAU (Centerra Gold Inc.) | VOXR (Vox Royalty Corp.) | |
|---|---|---|
| 1-year return | +213.4% | +61.1% |
| 5-year return | +269.1% | +197.9% |
| Volatility (ann.) | 45.7% | 43.7% |
| Beta vs S&P 500 | 1.13 | 0.63 |
| Max drawdown (3Y) | -29.5% | -35.2% |
| Market cap | $4.7B | $0.4B |
| P/E (trailing) | 7.6 | 8.3 |
| Dividend yield | 0.84% | 0.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGAU | VOXR |
|---|---|---|
| 2022 | -30.2% | -14.8% |
| 2023 | +19.4% | -9.9% |
| 2024 | -1.4% | +15.8% |
| 2025 | +156.7% | +105.5% |
| 2026 | +70.1% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGAU and VOXR good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CGAU and VOXR?
As of 2026-08-27, the correlation of weekly returns between CGAU and VOXR is 0.55 over 3 years, 0.72 over 1 year and 0.47 over 5 years.
Is VOXR a good diversifier for CGAU?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cgau-vs-voxr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgau-vs-voxr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CGAU correlations · VOXR correlations
