DC vs LGO: Correlation
Measured on weekly returns over the past three years, Dakota Gold Corp. (DC) and Largo Inc. (LGO) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DC and LGO?
Over the past 3 years, DC and LGO moved with a correlation of 0.46, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.46 over 3 years. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 2063.4 %².
Within DC's tracked universe of 12 assets, LGO comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DC ahead by 100.5 points (+49.3% versus -51.2%).
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.
DC vs LGO: side by side
| DC (Dakota Gold Corp.) | LGO (Largo Inc.) | |
|---|---|---|
| 1-year return | +49.3% | -51.2% |
| 5-year return | -9.6% | -94.6% |
| Volatility (ann.) | 61.3% | 72.9% |
| Beta vs S&P 500 | 1.26 | 0.94 |
| Max drawdown (3Y) | -41.7% | -83.8% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DC | LGO |
|---|---|---|
| 2022 | – | -41.9% |
| 2023 | -14.1% | -57.1% |
| 2024 | -16.0% | -25.5% |
| 2025 | +158.2% | -45.3% |
| 2026 | +9.9% | -22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DC and LGO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DC and LGO?
As of 2026-08-27, the correlation of weekly returns between DC and LGO is 0.46 over 3 years, 0.63 over 1 year and 0.41 over 5 years.
Is LGO a good diversifier for DC?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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.
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Related comparisons
Hubs: DC correlations · LGO correlations
