PLG vs USGO: Correlation
How closely do Platinum Group Metals Ltd. (PLG) and U.S. GoldMining Inc. (USGO) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLG and USGO?
On 3 years of weekly data the PLG/USGO correlation comes out at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.42). The 5-year figure is n/a, and annualized covariance runs at 2698.6 %².
Within PLG's tracked universe of 14 assets, USGO comes in at #8 by 3-year correlation. The trailing year gives USGO the advantage: +4.7% versus +12.0%, a 7.3-point spread.
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.
PLG vs USGO: side by side
| PLG (Platinum Group Metals Ltd.) | USGO (U.S. GoldMining Inc.) | |
|---|---|---|
| 1-year return | +4.7% | +12.0% |
| 5-year return | -41.5% | n/a |
| Volatility (ann.) | 74.7% | 85.5% |
| Beta vs S&P 500 | 1.36 | 1.08 |
| Max drawdown (3Y) | -64.4% | -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 | PLG | USGO |
|---|---|---|
| 2022 | +10.1% | – |
| 2023 | -34.5% | – |
| 2024 | +12.3% | +17.9% |
| 2025 | +84.4% | +2.4% |
| 2026 | -34.3% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLG and USGO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PLG and USGO?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.73 over the last year and n/a over 5 years.
Is USGO a good diversifier for PLG?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/plg-vs-usgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/plg-vs-usgo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLG correlations · USGO correlations
