PARR vs USAS: Correlation
How closely do Par Pacific Holdings, Inc. (PARR) and Americas Gold and Silver Corporation (USAS) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PARR and USAS?
Over the past 3 years, PARR and USAS moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.20 over 3 years. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -843.6 %².
Within PARR's tracked universe of 22 assets, USAS comes in at #13 by 3-year correlation. The trailing year gives USAS the advantage: +125.5% versus +139.2%, a 13.7-point spread. Risk is not evenly split, since USAS carries 1.6 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.
PARR vs USAS: side by side
| PARR (Par Pacific Holdings, Inc.) | USAS (Americas Gold and Silver Corporation) | |
|---|---|---|
| 1-year return | +125.5% | +139.2% |
| 5-year return | +375.6% | +122.9% |
| Volatility (ann.) | 51.3% | 82.6% |
| Beta vs S&P 500 | 0.13 | 1.41 |
| Max drawdown (3Y) | -69.7% | -63.5% |
| Market cap | $3.9B | $1.9B |
| P/E (trailing) | 4.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PARR | USAS |
|---|---|---|
| 2022 | +41.0% | -29.6% |
| 2023 | +56.4% | -56.1% |
| 2024 | -54.9% | +52.0% |
| 2025 | +114.4% | +437.9% |
| 2026 | +119.2% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PARR and USAS good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PARR and USAS?
As of 2026-08-27, the correlation of weekly returns between PARR and USAS is -0.20 over 3 years, -0.53 over 1 year and -0.07 over 5 years.
Is USAS a good diversifier for PARR?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/parr-vs-usas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/parr-vs-usas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PARR correlations · USAS correlations
