CTGO vs SII: Correlation
Measured on weekly returns over the past three years, Contango Silver & Gold Inc. (CTGO) and Sprott Inc. (SII) 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 CTGO and SII?
On 3 years of weekly data the CTGO/SII correlation comes out at 0.55, moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.55). The 5-year figure is 0.42, and annualized covariance runs at 1376.8 %².
Within CTGO's tracked universe of 11 assets, SII comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SII ahead by 115.6 points (-3.3% versus +112.3%). One caveat on sizing: CTGO is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CTGO vs SII: side by side
| CTGO (Contango Silver & Gold Inc.) | SII (Sprott Inc.) | |
|---|---|---|
| 1-year return | -3.3% | +112.3% |
| 5-year return | +13.2% | +354.0% |
| Volatility (ann.) | 66.5% | 37.3% |
| Beta vs S&P 500 | 1.34 | 0.92 |
| Max drawdown (3Y) | -64.1% | -38.0% |
| Market cap | $0.7B | $3.5B |
| P/E (trailing) | – | 33.6 |
| Dividend yield | 0.00% | 1.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTGO | SII |
|---|---|---|
| 2022 | -10.5% | -24.1% |
| 2023 | -21.0% | +5.0% |
| 2024 | -44.7% | +27.4% |
| 2025 | +163.6% | +135.0% |
| 2026 | -22.8% | +40.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTGO and SII 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 CTGO and SII?
The CTGO/SII correlation stands at 0.55 on a 3-year window (1 year: 0.70, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SII a good diversifier for CTGO?
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?
A reading of 0.55 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/ctgo-vs-sii.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctgo-vs-sii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTGO correlations · SII correlations
