IAG vs KGC: Correlation
Measured on weekly returns over the past three years, Iamgold Corporation (IAG) and Kinross Gold Corporation (KGC) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAG and KGC?
Over the past 3 years, IAG and KGC moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 2429.1 %².
KGC is one of the assets that tracks IAG most closely: it ranks #3 out of the 14 assets we track against IAG. Their recent paths diverged sharply: over the last 12 months IAG outperformed by 73.7 percentage points (+135.2% for IAG against +61.5% for KGC).
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.
IAG vs KGC: side by side
| IAG (Iamgold Corporation) | KGC (Kinross Gold Corporation) | |
|---|---|---|
| 1-year return | +135.2% | +61.5% |
| 5-year return | +832.5% | +495.9% |
| Volatility (ann.) | 61.7% | 47.3% |
| Beta vs S&P 500 | 1.24 | 0.97 |
| Max drawdown (3Y) | -43.3% | -40.7% |
| Market cap | $12.3B | $38.6B |
| P/E (trailing) | 10.9 | 12.3 |
| Dividend yield | 0.00% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IAG | KGC |
|---|---|---|
| 2022 | -17.6% | -27.6% |
| 2023 | -1.9% | +51.8% |
| 2024 | +104.0% | +55.6% |
| 2025 | +219.6% | +205.7% |
| 2026 | +30.6% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAG and KGC good diversifiers for each other?
No: a correlation of 0.83 means IAG and KGC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between IAG and KGC?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.89 over the last year and 0.76 over 5 years.
Is KGC a good diversifier for IAG?
No: a correlation of 0.83 means IAG and KGC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iag-vs-kgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iag-vs-kgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IAG correlations · KGC correlations
