IDR vs OR: Correlation
Measured on weekly returns over the past three years, Idaho Strategic Resources, Inc. (IDR) and OR Royalties Inc. (OR) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDR and OR?
Across a 3-year window, the weekly returns of IDR and OR correlate at 0.60, strong. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.60). Stretching to 5 years gives 0.43, with an annualized covariance of 1661.8 %².
In IDR's tracked universe of 18 assets, OR sits right near the top at #2. Neither side won the trailing year by much: +26.3% against +24.7%. Risk is not evenly split, since IDR carries 1.9 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.
IDR vs OR: side by side
| IDR (Idaho Strategic Resources, Inc.) | OR (OR Royalties Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +24.7% |
| 5-year return | +702.8% | +236.7% |
| Volatility (ann.) | 73.6% | 37.9% |
| Beta vs S&P 500 | 0.68 | 0.77 |
| Max drawdown (3Y) | -50.0% | -41.0% |
| Market cap | $0.5B | $7.2B |
| P/E (trailing) | 22.6 | 28.6 |
| Dividend yield | 0.00% | 0.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDR | OR |
|---|---|---|
| 2022 | -23.4% | +0.0% |
| 2023 | +11.1% | +19.8% |
| 2024 | +61.0% | +28.1% |
| 2025 | +295.5% | +96.4% |
| 2026 | -16.1% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDR and OR good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IDR and OR?
As of 2026-08-27, the correlation of weekly returns between IDR and OR is 0.60 over 3 years, 0.72 over 1 year and 0.43 over 5 years.
Is OR a good diversifier for IDR?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
A reading of 0.60 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/idr-vs-or.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/idr-vs-or/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IDR correlations · OR correlations
