IAG vs VMAR: Correlation
Measured on weekly returns over the past three years, Iamgold Corporation (IAG) and Vision Marine Technologies Inc. (VMAR) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAG and VMAR?
Across a 3-year window, the weekly returns of IAG and VMAR correlate at 0.26, weak. The past 12 months show a tighter link (0.40) than the 3-year average (0.26). Stretching to 5 years gives 0.19, with an annualized covariance of 1803.9 %².
Out of 14 assets tracked against IAG, VMAR lands near the bottom at #10. The last year tells two different stories: IAG led by 235.1 percentage points, +135.2% for IAG against -99.9% for VMAR. Risk is not evenly split, since VMAR carries 1.8 times the volatility of the other side.
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 VMAR: side by side
| IAG (Iamgold Corporation) | VMAR (Vision Marine Technologies Inc.) | |
|---|---|---|
| 1-year return | +135.2% | -99.9% |
| 5-year return | +832.5% | -100.0% |
| Volatility (ann.) | 61.7% | 110.6% |
| Beta vs S&P 500 | 1.24 | 1.13 |
| Max drawdown (3Y) | -43.3% | -100.0% |
| Market cap | $12.3B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IAG | VMAR |
|---|---|---|
| 2022 | -17.6% | -4.8% |
| 2023 | -1.9% | -76.4% |
| 2024 | +104.0% | -98.9% |
| 2025 | +219.6% | -98.7% |
| 2026 | +30.6% | -99.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAG and VMAR good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IAG and VMAR?
As of 2026-08-27, the correlation of weekly returns between IAG and VMAR is 0.26 over 3 years, 0.40 over 1 year and 0.19 over 5 years.
Is VMAR a good diversifier for IAG?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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-vmar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iag-vs-vmar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IAG correlations · VMAR correlations
