GOLD vs GROW: Correlation
How closely do Gold.com, Inc. (GOLD) and U.S. Global Investors, Inc. (GROW) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLD and GROW?
Across a 3-year window, the weekly returns of GOLD and GROW correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.41). Stretching to 5 years gives 0.37, with an annualized covariance of 547.4 %².
Within GOLD's tracked universe of 12 assets, GROW comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOLD outperformed by 61.1 percentage points (+104.0% for GOLD against +42.9% for GROW). Note the risk asymmetry: GOLD runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GOLD vs GROW: side by side
| GOLD (Gold.com, Inc.) | GROW (U.S. Global Investors, Inc.) | |
|---|---|---|
| 1-year return | +104.0% | +42.9% |
| 5-year return | +128.6% | -37.2% |
| Volatility (ann.) | 46.9% | 28.4% |
| Beta vs S&P 500 | 0.85 | 0.57 |
| Max drawdown (3Y) | -57.1% | -32.2% |
| Market cap | $1.3B | – |
| P/E (trailing) | 14.8 | 13.4 |
| Dividend yield | 1.76% | 2.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOLD | GROW |
|---|---|---|
| 2022 | +18.4% | -32.6% |
| 2023 | -8.4% | +0.9% |
| 2024 | -7.4% | -10.2% |
| 2025 | +28.4% | +2.9% |
| 2026 | +36.2% | +42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLD and GROW good diversifiers for each other?
Reasonably. At 0.41, GOLD and GROW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GOLD and GROW?
As of 2026-08-27, the correlation of weekly returns between GOLD and GROW is 0.41 over 3 years, 0.55 over 1 year and 0.37 over 5 years.
Is GROW a good diversifier for GOLD?
Reasonably. At 0.41, GOLD and GROW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/gold-vs-grow.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gold-vs-grow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOLD correlations · GROW correlations
