IPDN vs USGO: Correlation
Measured on weekly returns over the past three years, Professional Diversity Network, Inc. (IPDN) and U.S. GoldMining Inc. (USGO) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPDN and USGO?
Over the past 3 years, IPDN and USGO moved with a correlation of 0.32, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.32 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5315.2 %².
By 3-year correlation, USGO places #5 of the 13 assets tracked against IPDN. The last year tells two different stories: USGO led by 105.5 percentage points, -93.5% for IPDN against +12.0% for USGO. One caveat on sizing: IPDN is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IPDN vs USGO: side by side
| IPDN (Professional Diversity Network, Inc.) | USGO (U.S. GoldMining Inc.) | |
|---|---|---|
| 1-year return | -93.5% | +12.0% |
| 5-year return | -99.5% | n/a |
| Volatility (ann.) | 192.4% | 85.5% |
| Beta vs S&P 500 | 1.06 | 1.08 |
| Max drawdown (3Y) | -99.6% | -53.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPDN | USGO |
|---|---|---|
| 2022 | +5.1% | – |
| 2023 | -1.5% | – |
| 2024 | -75.4% | +17.9% |
| 2025 | -77.2% | +2.4% |
| 2026 | -89.0% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPDN and USGO good diversifiers for each other?
Reasonably. At 0.32, IPDN and USGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IPDN and USGO?
The IPDN/USGO correlation stands at 0.32 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is USGO a good diversifier for IPDN?
Reasonably. At 0.32, IPDN and USGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/ipdn-vs-usgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipdn-vs-usgo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IPDN correlations · USGO correlations
