GOLD vs MUX: Correlation
Gold.com, Inc. (GOLD) and McEwen Inc. (MUX) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLD and MUX?
Across a 3-year window, the weekly returns of GOLD and MUX correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 1242.6 %².
Few assets follow GOLD as closely as MUX, which ranks #1 of 12 tracked partners. On 12-month performance GOLD holds a 6.7-point edge, +104.0% against +97.3%.
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 MUX: side by side
| GOLD (Gold.com, Inc.) | MUX (McEwen Inc.) | |
|---|---|---|
| 1-year return | +104.0% | +97.3% |
| 5-year return | +128.6% | +90.0% |
| Volatility (ann.) | 46.9% | 56.7% |
| Beta vs S&P 500 | 0.85 | 1.41 |
| Max drawdown (3Y) | -57.1% | -46.5% |
| Market cap | $1.3B | $1.3B |
| P/E (trailing) | 14.8 | 16.7 |
| Dividend yield | 1.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOLD | MUX |
|---|---|---|
| 2022 | +18.4% | -33.9% |
| 2023 | -8.4% | +23.0% |
| 2024 | -7.4% | +7.9% |
| 2025 | +28.4% | +137.9% |
| 2026 | +36.2% | +17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLD and MUX good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOLD and MUX?
The GOLD/MUX correlation stands at 0.47 on a 3-year window (1 year: 0.43, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is MUX a good diversifier for GOLD?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/gold-vs-mux.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gold-vs-mux/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOLD correlations · MUX correlations
