EXK vs PLG: Correlation
How closely do Endeavour Silver Corporation (EXK) and Platinum Group Metals Ltd. (PLG) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXK and PLG?
Across a 3-year window, the weekly returns of EXK and PLG correlate at 0.73, strong. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 4021.2 %².
Among the 16 assets we track against EXK, PLG ranks #7 by 3-year correlation. The last year tells two different stories: EXK led by 85.5 percentage points, +90.2% for EXK against +4.7% for PLG.
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 PLG: side by side
| EXK (Endeavour Silver Corporation) | PLG (Platinum Group Metals Ltd.) | |
|---|---|---|
| 1-year return | +90.2% | +4.7% |
| 5-year return | +146.7% | -41.5% |
| Volatility (ann.) | 74.1% | 74.7% |
| Beta vs S&P 500 | 1.93 | 1.36 |
| Max drawdown (3Y) | -51.3% | -64.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | 53.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXK | PLG |
|---|---|---|
| 2022 | -23.2% | +10.1% |
| 2023 | -39.2% | -34.5% |
| 2024 | +85.8% | +12.3% |
| 2025 | +156.8% | +84.4% |
| 2026 | +20.2% | -34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXK and PLG good diversifiers for each other?
To a limited degree. At 0.73 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 EXK and PLG?
The EXK/PLG correlation stands at 0.73 on a 3-year window (1 year: 0.79, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is PLG a good diversifier for EXK?
To a limited degree. At 0.73 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 0.73 mean?
On the −1 to +1 scale, 0.73 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exk-vs-plg.json
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[](https://www.pairbook.io/pair/exk-vs-plg/)
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Related comparisons
Hubs: EXK correlations · PLG correlations
