OGC vs OGG: Correlation
Measured on weekly returns over the past three years, OceanaGold Corporation (OGC) and Osisko Gold Group Inc. (OGG) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGC and OGG?
Across a 3-year window, the weekly returns of OGC and OGG correlate at 0.64, strong. Lately the two have moved closer together, with the 1-year correlation at 0.80 versus 0.64 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 2033.7 %².
By 3-year correlation, OGG places #7 of the 12 assets tracked against OGC. Their recent paths diverged sharply: over the last 12 months OGC outperformed by 69.4 percentage points (+82.6% for OGC against +13.2% for OGG).
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.
OGC vs OGG: side by side
| OGC (OceanaGold Corporation) | OGG (Osisko Gold Group Inc.) | |
|---|---|---|
| 1-year return | +82.6% | +13.2% |
| 5-year return | +489.5% | -73.6% |
| Volatility (ann.) | 50.1% | 63.4% |
| Beta vs S&P 500 | 0.86 | 1.12 |
| Max drawdown (3Y) | -47.7% | -65.8% |
| Market cap | $7.0B | $1.0B |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OGC | OGG |
|---|---|---|
| 2022 | +9.8% | -55.5% |
| 2023 | +2.1% | -32.3% |
| 2024 | +45.1% | -44.0% |
| 2025 | +243.9% | +114.1% |
| 2026 | +12.1% | -9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGC and OGG good diversifiers for each other?
Only partially. A correlation of 0.64 means OGC and OGG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OGC and OGG?
The OGC/OGG correlation stands at 0.64 on a 3-year window (1 year: 0.80, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is OGG a good diversifier for OGC?
Only partially. A correlation of 0.64 means OGC and OGG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
A reading of 0.64 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/ogc-vs-ogg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ogc-vs-ogg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OGC correlations · OGG correlations
