CGAU vs WRN: Correlation
Centerra Gold Inc. (CGAU) and Western Copper and Gold Corporation (WRN) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGAU and WRN?
On 3 years of weekly data the CGAU/WRN correlation comes out at 0.64, strong. Lately the two have moved closer together, with the 1-year correlation at 0.80 versus 0.64 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 1551.4 %².
Among the 20 assets we track against CGAU, WRN ranks #12 by 3-year correlation. The last year tells two different stories: CGAU led by 131.0 percentage points, +213.4% for CGAU against +82.4% for WRN.
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 WRN: side by side
| CGAU (Centerra Gold Inc.) | WRN (Western Copper and Gold Corporation) | |
|---|---|---|
| 1-year return | +213.4% | +82.4% |
| 5-year return | +269.1% | +50.6% |
| Volatility (ann.) | 45.7% | 53.2% |
| Beta vs S&P 500 | 1.13 | 0.99 |
| Max drawdown (3Y) | -29.5% | -50.1% |
| Market cap | $4.7B | $0.6B |
| P/E (trailing) | 7.6 | 259.0 |
| Dividend yield | 0.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGAU | WRN |
|---|---|---|
| 2022 | -30.2% | +14.1% |
| 2023 | +19.4% | -25.3% |
| 2024 | -1.4% | -21.1% |
| 2025 | +156.7% | +154.3% |
| 2026 | +70.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGAU and WRN good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CGAU and WRN?
As of 2026-08-27, the correlation of weekly returns between CGAU and WRN is 0.64 over 3 years, 0.80 over 1 year and 0.59 over 5 years.
Is WRN a good diversifier for CGAU?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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/cgau-vs-wrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgau-vs-wrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CGAU correlations · WRN correlations
