FURY vs MUX: Correlation
Fury Gold Mines Limited (FURY) and McEwen Inc. (MUX) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FURY and MUX?
On 3 years of weekly data the FURY/MUX correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 2016.4 %².
Few assets follow FURY as closely as MUX, which ranks #3 of 10 tracked partners. The last year tells two different stories: MUX led by 75.3 percentage points, +22.0% for FURY against +97.3% for MUX.
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.
FURY vs MUX: side by side
| FURY (Fury Gold Mines Limited) | MUX (McEwen Inc.) | |
|---|---|---|
| 1-year return | +22.0% | +97.3% |
| 5-year return | -17.1% | +90.0% |
| Volatility (ann.) | 62.8% | 56.7% |
| Beta vs S&P 500 | 0.82 | 1.41 |
| Max drawdown (3Y) | -46.9% | -46.5% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | – | 16.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FURY | MUX |
|---|---|---|
| 2022 | -33.3% | -33.9% |
| 2023 | +18.5% | +23.0% |
| 2024 | -26.9% | +7.9% |
| 2025 | +59.5% | +137.9% |
| 2026 | +5.4% | +17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FURY and MUX good diversifiers for each other?
Only partially. A correlation of 0.57 means FURY and MUX 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 FURY and MUX?
The FURY/MUX correlation stands at 0.57 on a 3-year window (1 year: 0.66, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is MUX a good diversifier for FURY?
Only partially. A correlation of 0.57 means FURY and MUX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FURY correlations · MUX correlations
