USGO vs VOXR: Correlation
How closely do U.S. GoldMining Inc. (USGO) and Vox Royalty Corp. (VOXR) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USGO and VOXR?
Across a 3-year window, the weekly returns of USGO and VOXR correlate at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.40). Stretching to 5 years gives n/a, with an annualized covariance of 1496.0 %².
By 3-year correlation, VOXR places #5 of the 14 assets tracked against USGO. Their recent paths diverged sharply: over the last 12 months VOXR outperformed by 49.1 percentage points (+12.0% for USGO against +61.1% for VOXR). Note the risk asymmetry: USGO runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
USGO vs VOXR: side by side
| USGO (U.S. GoldMining Inc.) | VOXR (Vox Royalty Corp.) | |
|---|---|---|
| 1-year return | +12.0% | +61.1% |
| 5-year return | n/a | +197.9% |
| Volatility (ann.) | 85.5% | 43.7% |
| Beta vs S&P 500 | 1.08 | 0.63 |
| Max drawdown (3Y) | -53.7% | -35.2% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 8.3 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | USGO | VOXR |
|---|---|---|
| 2022 | – | -14.8% |
| 2023 | – | -9.9% |
| 2024 | +17.9% | +15.8% |
| 2025 | +2.4% | +105.5% |
| 2026 | +10.0% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USGO and VOXR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between USGO and VOXR?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.56 over the last year and n/a over 5 years.
Is VOXR a good diversifier for USGO?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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/usgo-vs-voxr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/usgo-vs-voxr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: USGO correlations · VOXR correlations
