ITRG vs PPTA: Correlation
How closely do Integra Resources Corp. (ITRG) and Perpetua Resources Corp. (PPTA) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRG and PPTA?
Over the past 3 years, ITRG and PPTA moved with a correlation of 0.55, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.75 versus 0.55 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 2693.4 %².
By 3-year correlation, PPTA places #8 of the 13 assets tracked against ITRG. Neither side won the trailing year by much: +39.3% against +40.7%.
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.
ITRG vs PPTA: side by side
| ITRG (Integra Resources Corp.) | PPTA (Perpetua Resources Corp.) | |
|---|---|---|
| 1-year return | +39.3% | +40.7% |
| 5-year return | +6.9% | +427.8% |
| Volatility (ann.) | 63.1% | 77.8% |
| Beta vs S&P 500 | 1.11 | 0.85 |
| Max drawdown (3Y) | -55.8% | -54.6% |
| Market cap | $0.6B | $3.3B |
| P/E (trailing) | 73.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITRG | PPTA |
|---|---|---|
| 2022 | -70.6% | -38.5% |
| 2023 | +67.5% | +8.6% |
| 2024 | -17.9% | +236.6% |
| 2025 | +360.9% | +126.9% |
| 2026 | -26.7% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRG and PPTA good diversifiers for each other?
To a limited degree. At 0.55 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 ITRG and PPTA?
The ITRG/PPTA correlation stands at 0.55 on a 3-year window (1 year: 0.75, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is PPTA a good diversifier for ITRG?
To a limited degree. At 0.55 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 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/itrg-vs-ppta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itrg-vs-ppta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITRG correlations · PPTA correlations
