EQX vs VZLA: Correlation
How closely do Equinox Gold Corp. (EQX) and Vizsla Silver Corp. (VZLA) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQX and VZLA?
Over the past 3 years, EQX and VZLA moved with a correlation of 0.71, which is strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.71 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 2432.6 %².
Within EQX's tracked universe of 16 assets, VZLA comes in at #6 by 3-year correlation. The last year tells two different stories: EQX led by 46.5 percentage points, +64.7% for EQX against +18.2% for VZLA.
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.
EQX vs VZLA: side by side
| EQX (Equinox Gold Corp.) | VZLA (Vizsla Silver Corp.) | |
|---|---|---|
| 1-year return | +64.7% | +18.2% |
| 5-year return | +98.0% | +82.3% |
| Volatility (ann.) | 56.6% | 60.6% |
| Beta vs S&P 500 | 1.19 | 1.23 |
| Max drawdown (3Y) | -54.0% | -56.9% |
| Market cap | $15.7B | $1.5B |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQX | VZLA |
|---|---|---|
| 2022 | -51.5% | – |
| 2023 | +49.1% | +8.7% |
| 2024 | +2.7% | +36.8% |
| 2025 | +179.7% | +219.9% |
| 2026 | -3.8% | -23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQX and VZLA good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EQX and VZLA?
The EQX/VZLA correlation stands at 0.71 on a 3-year window (1 year: 0.72, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is VZLA a good diversifier for EQX?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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
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Related comparisons
Hubs: EQX correlations · VZLA correlations
