GDEV vs PLG: Correlation
Measured on weekly returns over the past three years, GDEV Inc. (GDEV) and Platinum Group Metals Ltd. (PLG) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDEV and PLG?
Across a 3-year window, the weekly returns of GDEV and PLG correlate at 0.30, moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.30). Stretching to 5 years gives 0.20, with an annualized covariance of 1978.5 %².
By 3-year correlation, PLG places #4 of the 11 assets tracked against GDEV. The last year tells two different stories: PLG led by 28.9 percentage points, -24.2% for GDEV 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.
GDEV vs PLG: side by side
| GDEV (GDEV Inc.) | PLG (Platinum Group Metals Ltd.) | |
|---|---|---|
| 1-year return | -24.2% | +4.7% |
| 5-year return | -84.9% | -41.5% |
| Volatility (ann.) | 87.8% | 74.7% |
| Beta vs S&P 500 | 1.24 | 1.36 |
| Max drawdown (3Y) | -77.9% | -64.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 2.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDEV | PLG |
|---|---|---|
| 2022 | -20.8% | +10.1% |
| 2023 | -65.4% | -34.5% |
| 2024 | -12.5% | +12.3% |
| 2025 | -6.3% | +84.4% |
| 2026 | -28.0% | -34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDEV and PLG good diversifiers for each other?
Reasonably. At 0.30, GDEV and PLG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GDEV and PLG?
The GDEV/PLG correlation stands at 0.30 on a 3-year window (1 year: 0.48, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is PLG a good diversifier for GDEV?
Reasonably. At 0.30, GDEV and PLG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/gdev-vs-plg.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: GDEV correlations · PLG correlations
