ERO vs TGB: Correlation
Measured on weekly returns over the past three years, Ero Copper Corp. (ERO) and Trekor Metals Limited (TGB) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERO and TGB?
On 3 years of weekly data the ERO/TGB correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 2290.1 %².
Among the 10 assets we track against ERO, TGB ranks #5 by 3-year correlation. The last year tells two different stories: TGB led by 30.0 percentage points, +174.4% for ERO against +204.4% for TGB.
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.
ERO vs TGB: side by side
| ERO (Ero Copper Corp.) | TGB (Trekor Metals Limited) | |
|---|---|---|
| 1-year return | +174.4% | +204.4% |
| 5-year return | +110.6% | +450.0% |
| Volatility (ann.) | 54.7% | 62.1% |
| Beta vs S&P 500 | 1.53 | 1.89 |
| Max drawdown (3Y) | -59.7% | -44.3% |
| Market cap | $4.2B | $3.5B |
| P/E (trailing) | 13.3 | 484.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERO | TGB |
|---|---|---|
| 2022 | -10.1% | -28.3% |
| 2023 | +14.8% | -4.8% |
| 2024 | -14.6% | +38.6% |
| 2025 | +109.9% | +191.8% |
| 2026 | +40.8% | +71.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERO and TGB good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ERO and TGB?
The ERO/TGB correlation stands at 0.67 on a 3-year window (1 year: 0.74, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is TGB a good diversifier for ERO?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
A reading of 0.67 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/ero-vs-tgb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ero-vs-tgb/)
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Related comparisons
Hubs: ERO correlations · TGB correlations
