KGC vs RGLD: Correlation
Measured on weekly returns over the past three years, Kinross Gold Corporation (KGC) and Royal Gold, Inc. (RGLD) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGC and RGLD?
Over the past 3 years, KGC and RGLD moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 1444.8 %².
Among the 21 assets we track against KGC, RGLD ranks #5 by 3-year correlation. Over the last 12 months KGC came out ahead by 8.2 percentage points (+61.5% against +53.3%).
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.
KGC vs RGLD: side by side
| KGC (Kinross Gold Corporation) | RGLD (Royal Gold, Inc.) | |
|---|---|---|
| 1-year return | +61.5% | +53.3% |
| 5-year return | +495.9% | +156.8% |
| Volatility (ann.) | 47.3% | 35.8% |
| Beta vs S&P 500 | 0.97 | 0.64 |
| Max drawdown (3Y) | -40.7% | -38.2% |
| Market cap | $38.6B | $22.8B |
| P/E (trailing) | 12.3 | 29.5 |
| Dividend yield | 0.48% | 0.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KGC | RGLD |
|---|---|---|
| 2022 | -27.6% | +8.5% |
| 2023 | +51.8% | +8.7% |
| 2024 | +55.6% | +10.4% |
| 2025 | +205.7% | +70.4% |
| 2026 | +15.9% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGC and RGLD good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between KGC and RGLD?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.91 over the last year and 0.81 over 5 years.
Is RGLD a good diversifier for KGC?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
A reading of 0.85 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/kgc-vs-rgld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kgc-vs-rgld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KGC correlations · RGLD correlations
