EXK vs IE: Correlation
How closely do Endeavour Silver Corporation (EXK) and Ivanhoe Electric Inc. (IE) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXK and IE?
Over the past 3 years, EXK and IE moved with a correlation of 0.61, which is strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 3158.9 %².
Among the 16 assets we track against EXK, IE ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXK outperformed by 59.1 percentage points (+90.2% for EXK against +31.1% for IE).
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.
EXK vs IE: side by side
| EXK (Endeavour Silver Corporation) | IE (Ivanhoe Electric Inc.) | |
|---|---|---|
| 1-year return | +90.2% | +31.1% |
| 5-year return | +146.7% | +8.2% |
| Volatility (ann.) | 74.1% | 69.5% |
| Beta vs S&P 500 | 1.93 | 2.00 |
| Max drawdown (3Y) | -51.3% | -70.7% |
| Market cap | $3.3B | $1.9B |
| P/E (trailing) | 53.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXK | IE |
|---|---|---|
| 2022 | -23.2% | – |
| 2023 | -39.2% | -17.0% |
| 2024 | +85.8% | -25.1% |
| 2025 | +156.8% | +111.7% |
| 2026 | +20.2% | -26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXK and IE good diversifiers for each other?
Only partially. A correlation of 0.61 means EXK and IE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EXK and IE?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.70 over the last year and 0.49 over 5 years.
Is IE a good diversifier for EXK?
Only partially. A correlation of 0.61 means EXK and IE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 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/exk-vs-ie.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exk-vs-ie/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXK correlations · IE correlations
