EGO vs KGC: Correlation
Eldorado Gold Corporation (EGO) and Kinross Gold Corporation (KGC) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGO and KGC?
On 3 years of weekly data the EGO/KGC correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.82 over 3. The 5-year figure is 0.80, and annualized covariance runs at 1953.7 %².
KGC is one of the assets that tracks EGO most closely: it ranks #3 out of the 12 assets we track against EGO. The last year tells two different stories: EGO led by 37.1 percentage points, +98.6% for EGO against +61.5% for KGC.
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.
EGO vs KGC: side by side
| EGO (Eldorado Gold Corporation) | KGC (Kinross Gold Corporation) | |
|---|---|---|
| 1-year return | +98.6% | +61.5% |
| 5-year return | +463.3% | +495.9% |
| Volatility (ann.) | 50.3% | 47.3% |
| Beta vs S&P 500 | 0.73 | 0.97 |
| Max drawdown (3Y) | -44.0% | -40.7% |
| Market cap | $12.5B | $38.6B |
| P/E (trailing) | 16.7 | 12.3 |
| Dividend yield | 0.32% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGO | KGC |
|---|---|---|
| 2022 | -10.6% | -27.6% |
| 2023 | +55.1% | +51.8% |
| 2024 | +14.6% | +55.6% |
| 2025 | +141.6% | +205.7% |
| 2026 | +34.2% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGO and KGC good diversifiers for each other?
No: a correlation of 0.82 means EGO and KGC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EGO and KGC?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.85 over the last year and 0.80 over 5 years.
Is KGC a good diversifier for EGO?
No: a correlation of 0.82 means EGO and KGC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
A reading of 0.82 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/ego-vs-kgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ego-vs-kgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGO correlations · KGC correlations
