IAUX vs SKE: Correlation
How closely do i-80 Gold Corp. (IAUX) and Skeena Resources Limited (SKE) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAUX and SKE?
Across a 3-year window, the weekly returns of IAUX and SKE correlate at 0.62, strong. The past 12 months show a tighter link (0.84) than the 3-year average (0.62). Stretching to 5 years gives 0.59, with an annualized covariance of 3552.6 %².
SKE is one of the assets that tracks IAUX most closely: it ranks #2 out of the 15 assets we track against IAUX. Correlation aside, the last 12 months split them widely, with IAUX ahead by 29.5 points (+152.3% versus +122.8%).
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.
IAUX vs SKE: side by side
| IAUX (i-80 Gold Corp.) | SKE (Skeena Resources Limited) | |
|---|---|---|
| 1-year return | +152.3% | +122.8% |
| 5-year return | -7.4% | +205.9% |
| Volatility (ann.) | 91.2% | 62.6% |
| Beta vs S&P 500 | 1.99 | 1.42 |
| Max drawdown (3Y) | -82.6% | -36.1% |
| Market cap | $1.7B | $4.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IAUX | SKE |
|---|---|---|
| 2022 | +15.0% | -49.0% |
| 2023 | -37.6% | -8.3% |
| 2024 | -72.4% | +78.7% |
| 2025 | +201.0% | +172.1% |
| 2026 | +31.5% | +48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAUX and SKE good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IAUX and SKE?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.84 over the last year and 0.59 over 5 years.
Is SKE a good diversifier for IAUX?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/iaux-vs-ske.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IAUX correlations · SKE correlations
