SLI vs USAS: Correlation
Standard Lithium Ltd. (SLI) and Americas Gold and Silver Corporation (USAS) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLI and USAS?
Across a 3-year window, the weekly returns of SLI and USAS correlate at 0.46, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.46). Stretching to 5 years gives 0.35, with an annualized covariance of 2910.6 %².
Few assets follow SLI as closely as USAS, which ranks #3 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with USAS ahead by 150.0 points (-10.8% versus +139.2%).
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.
SLI vs USAS: side by side
| SLI (Standard Lithium Ltd.) | USAS (Americas Gold and Silver Corporation) | |
|---|---|---|
| 1-year return | -10.8% | +139.2% |
| 5-year return | -51.8% | +122.9% |
| Volatility (ann.) | 77.0% | 82.6% |
| Beta vs S&P 500 | 1.21 | 1.41 |
| Max drawdown (3Y) | -69.9% | -63.5% |
| Market cap | $0.7B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLI | USAS |
|---|---|---|
| 2022 | -69.9% | -29.6% |
| 2023 | -31.5% | -56.1% |
| 2024 | -27.7% | +52.0% |
| 2025 | +206.2% | +437.9% |
| 2026 | -40.9% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLI and USAS good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SLI and USAS?
As of 2026-08-27, the correlation of weekly returns between SLI and USAS is 0.46 over 3 years, 0.61 over 1 year and 0.35 over 5 years.
Is USAS a good diversifier for SLI?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/sli-vs-usas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sli-vs-usas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLI correlations · USAS correlations
