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Relative Intelligence · Metals & Mining

How Southern Copper (SCCO) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on SCCO alone. It places SCCO (Southern Copper Corporation) against 12 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where SCCO stands in the market, and of the alternatives worth a closer look.

Period covered: SCCO's full trading record, from January 1996 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against SCCO →Chart SCCO vs. 12 alternatives →
On this page12 sections

Key findings

How much would $10,000 in SCCO have grown?

This chart tracks a hypothetical $10,000 investment in SCCO over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of SCCO over the same span and SCCO's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 7 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of SCCO; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M$10M199720022007201220172022$1,000$10,000$100,000$1M$10M19972004201120182025
  • MNST$46M+456,538% total · +33.7% a year
  • AAPL$21M+205,249% total · +30.1% a year
  • AMZN$11M+114,749% total · +27.5% a year
  • TPL$4M+44,797% total · +23.4% a year
  • APH$3M+29,926% total · +21.7% a year
  • SCCO$3M+26,680% total · +21.3% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • FCX$86,132+761% total · +7.7% a year
  • NEM$39,676+297% total · +4.9% a year
  • TGB$17,820+78.2% total · +2.0% a year
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From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 144 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of SCCO; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$20,000$50,000$100,000202120222023202420252026$5,000$10,000$20,000$50,000$100,000202120222023202420252026
  • ATI$113,890+1,039% total · +62.7% a year
  • HWM$73,554+636% total · +49.0% a year
  • MOG-A$52,115+421% total · +39.1% a year
  • GE$49,841+398% total · +37.9% a year
  • ESLT$49,131+391% total · +37.5% a year
  • TGB$47,141+371% total · +36.4% a year
  • SCCO$47,048+370% total · +36.3% a year
  • HBM$43,240+332% total · +34.0% a year
  • ERO$20,671+107% total · +15.6% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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SCCO at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$171B
Industry
Copper
Price history from
January 1996

Returns

Past 1 year
+56.5%total return
Past 3 years
+233%+49.3% a year
Past 5 years
+301%+32.0% a year
Past 10 years
+1,017%+27.3% a year
Best calendar year
+236%2003
Worst calendar year
−50.2%2008
Losing years
11 of 29full calendar years

Risk

Volatility
40.7%typical yearly swing, 5 years
Sharpe ratio
0.89return per unit of risk, 5 years
Worst decline ever
−78.5%Oct 2007 to Nov 2008
From its all-time high
−7.9%below the peak

SCCO against the whole market

Where SCCO ranks among every stock and fund, and what across the market has done better.

How does SCCO rank among all stocks?

This section ranks SCCO on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how SCCO stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureSCCORankStanding
1-year return+56.5%464 of 3,287top 14%
3-year return+233%330 of 3,017top 11%
5-year return+301%169 of 2,893top 6%
10-year return+1,017%105 of 2,202top 5%
Volatility, 5 years40.7%1,491 of 2,893bottom 49%
Sharpe ratio, 5 years0.89180 of 2,893top 6%
Worst decline, past 10 years−55.3%690 of 2,187top 32%

What has beaten SCCO on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). SCCO sits where the dashed lines cross. Anything in the green box above and to the left earned more than SCCO with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to SCCO; faint dots are 28 more of the 37 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than SCCOVLO: +44.2% a year, volatility 36.9%TRGP: +41.8% a year, volatility 31.7%MCK: +38.7% a year, volatility 25.0%APH: +33.8% a year, volatility 32.2%MFG: +33.6% a year, volatility 30.6%SMFG: +33.7% a year, volatility 29.4%PWR: +39.3% a year, volatility 37.2%COKE: +41.2% a year, volatility 38.0%EME: +43.0% a year, volatility 35.3%USLM: +35.6% a year, volatility 36.1%ODC: +35.9% a year, volatility 36.9%HSBC: +33.1% a year, volatility 25.9%MUFG: +33.2% a year, volatility 29.4%PBR: +50.3% a year, volatility 37.5%BBVA: +38.7% a year, volatility 33.3%IBKR: +35.4% a year, volatility 35.4%PSX: +33.2% a year, volatility 32.9%SU: +33.1% a year, volatility 32.5%IMO: +34.3% a year, volatility 32.0%SBS: +39.1% a year, volatility 37.1%NVT: +35.4% a year, volatility 38.0%MLI: +38.9% a year, volatility 33.4%IDCC: +39.0% a year, volatility 36.9%LAUR: +37.5% a year, volatility 32.8%AROC: +33.1% a year, volatility 36.4%CAAP: +35.1% a year, volatility 35.9%EZPW: +33.2% a year, volatility 35.4%NRP: +37.4% a year, volatility 33.9%SCCO: +32.0% a year, volatility 40.7%SPY (S&P 500): +12.7% a year, volatility 17.1%ATI: +61.8% a year, volatility 42.9%ESLT: +39.8% a year, volatility 34.6%HWM: +47.3% a year, volatility 32.5%GE: +36.0% a year, volatility 31.0%MOG-A: +36.6% a year, volatility 32.0%CW: +30.8% a year, volatility 28.7%LLY: +40.7% a year, volatility 32.8%MPC: +51.2% a year, volatility 33.4%CAH: +42.1% a year, volatility 24.7%DHT: +38.7% a year, volatility 39.0%CAT: +31.1% a year, volatility 31.9%SMH: +33.4% a year, volatility 36.9%KLAC: +38.7% a year, volatility 46.7%FTXL: +27.4% a year, volatility 38.8%PBR-A: +51.8% a year, volatility 37.5%SCCOSPY (S&P 500)ATIESLTHWMGEMOG-ACWLLYMPCCAHDHTCATSMHKLACFTXLPBR-A10.0%20.0%30.0%40.0%50.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than SCCOVLO: +44.2% a year, volatility 36.9%TRGP: +41.8% a year, volatility 31.7%MCK: +38.7% a year, volatility 25.0%APH: +33.8% a year, volatility 32.2%MFG: +33.6% a year, volatility 30.6%SMFG: +33.7% a year, volatility 29.4%PWR: +39.3% a year, volatility 37.2%COKE: +41.2% a year, volatility 38.0%EME: +43.0% a year, volatility 35.3%USLM: +35.6% a year, volatility 36.1%ODC: +35.9% a year, volatility 36.9%HSBC: +33.1% a year, volatility 25.9%MUFG: +33.2% a year, volatility 29.4%PBR: +50.3% a year, volatility 37.5%BBVA: +38.7% a year, volatility 33.3%IBKR: +35.4% a year, volatility 35.4%PSX: +33.2% a year, volatility 32.9%SU: +33.1% a year, volatility 32.5%IMO: +34.3% a year, volatility 32.0%SBS: +39.1% a year, volatility 37.1%NVT: +35.4% a year, volatility 38.0%MLI: +38.9% a year, volatility 33.4%IDCC: +39.0% a year, volatility 36.9%LAUR: +37.5% a year, volatility 32.8%AROC: +33.1% a year, volatility 36.4%CAAP: +35.1% a year, volatility 35.9%EZPW: +33.2% a year, volatility 35.4%NRP: +37.4% a year, volatility 33.9%SCCO: +32.0% a year, volatility 40.7%SPY (S&P 500): +12.7% a year, volatility 17.1%ATI: +61.8% a year, volatility 42.9%ESLT: +39.8% a year, volatility 34.6%HWM: +47.3% a year, volatility 32.5%GE: +36.0% a year, volatility 31.0%MOG-A: +36.6% a year, volatility 32.0%CW: +30.8% a year, volatility 28.7%LLY: +40.7% a year, volatility 32.8%MPC: +51.2% a year, volatility 33.4%CAH: +42.1% a year, volatility 24.7%DHT: +38.7% a year, volatility 39.0%CAT: +31.1% a year, volatility 31.9%SMH: +33.4% a year, volatility 36.9%KLAC: +38.7% a year, volatility 46.7%FTXL: +27.4% a year, volatility 38.8%PBR-A: +51.8% a year, volatility 37.5%SCCOSPY (S&P 500)ATIESLTHWMGEMOG-ACWLLYMPCCAHDHTCATSMHFTXLPBR-A
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than SCCO?

Investments that beat SCCO over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat SCCO over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks SCCO's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than SCCO follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than SCCO's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× SCCO's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than SCCO's.

Screen the whole market against SCCO for any period in BetterThanSPYOpen these 15 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with SCCO?lower diversifies moreExpenseper year
SCCOSouthern Copper Corporation · this page
+32.0%40.7%0.89−55.3%+1,017%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.430.09%
Same and neighboring categories, and shared themesbest 6 shownEverything else in Metals & Mining and the categories next to it (Gold Mining, Aerospace & Defense, Silver, Gold), plus SCCO's specific themes. 6 of 83 passed at least one test.
ATIATI Inc. · Metals & Mining
On the frontierHigher return, similar volatilityHigher return in most periods+61.8%42.9%1.34−82.4%+929%0.40—
ESLTElbit Systems Ltd. · Aerospace & Defense
Higher return, lower volatilityHigher Sharpe, smaller worst decline+39.8%34.6%1.15−35.4%+765%0.03—
HWMHowmet Aerospace Inc. · Aerospace & Defense
On the frontierHigher return, lower volatility+47.3%32.5%1.36−68.9%+1,028%0.28—
GEGE Aerospace · Aerospace & Defense
Higher return, lower volatility+36.0%31.0%1.15−80.9%+139%0.45—
MOG-AMoog Inc. · Aerospace & Defense
Higher return, lower volatility+36.6%32.0%1.14−63.7%+595%0.31—
CWCurtiss-Wright Corporation · Aerospace & Defense
Higher Sharpe, smaller worst decline+30.8%28.7%1.08−48.7%+512%0.35—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 75 of 3,539 passed at least one test.
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%-0.04—
MPCMarathon Petroleum Corporation · Oil & Gas
On the frontierHigher return, lower volatilityHigher return in most periods+51.2%33.4%1.41−79.7%+1,387%0.30—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+42.1%24.7%1.55−46.1%+349%0.10—
DHTDHT Holdings, Inc. · Marine Shipping
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+38.7%39.0%1.04−39.7%+1,050%0.27—
CATCaterpillar Inc. · Industrial Machinery
Similar return, lower volatilityHigher Sharpe, smaller worst decline+31.1%31.9%1.01−43.4%+936%0.40—
SMHVanEck Semiconductor ETF · Semiconductors
Higher return, lower volatility+33.4%36.9%0.97−45.3%+1,665%0.400.35%
KLACKLA Corporation · Semiconductor Equipment
Smaller losses in recent crashes+38.7%46.7%0.94−46.3%+2,534%0.24—
FTXLFirst Trust Nasdaq Semiconductor ETF · Technology
Higher return in most periods+27.4%38.8%0.82−43.9%+1,077%0.400.60%
What these numbers mean for SCCO
Annual return
SCCO returned 32.0% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $40,100. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
SCCO's volatility over the past 5 years was 40.7%, 2.4 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, SCCO's return lands within 40.7% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
SCCO's Sharpe ratio over the past 5 years was 0.89, against 0.79 for the S&P 500, so SCCO earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
SCCO's worst fall from a peak to a low over the past 10 years was 55.3%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 55.3% fall takes a 124% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, SCCO's monthly returns had a correlation of 0.43 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against SCCO instead: the lower it is, the more that option would diversify a SCCO holding. Guide: Correlation and diversification →
Show all 37 stocks and funds worth at least $500 million that earned more than SCCO with less volatility

Out of 3,633 tested over 5 years. Best first; funds that hold the same thing are listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with SCCOExpense
1
LLYEli Lilly and Company · Pharmaceuticals
Whole market+40.7%32.8%1.21−34.5%+1,807%-0.04—
2
MPCMarathon Petroleum Corporation · Oil & Gas
Whole market+51.2%33.4%1.41−79.7%+1,387%0.30—
3
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.10—
4
VLOValero Energy Corporation · Oil & Gas
Whole market+44.2%36.9%1.18−71.9%+1,061%0.33—
5
TRGPTarga Resources Corp. · Oil & Gas Midstream
Whole market+41.8%31.7%1.27−90.8%+829%0.29—
6
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.07—
7
APHAmphenol Corporation · Electronic Components
Whole market+33.8%32.2%1.07−37.5%+965%0.28—
8
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+345%0.37—
9
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.30—
10
PWRQuanta Services, Inc. · Engineering & Construction
Whole market+39.3%37.2%1.08−45.5%+2,045%0.28—
11
COKECoca-Cola Consolidated, Inc. · Food & Beverages
Whole market+41.2%38.0%1.10−51.7%+1,569%0.03—
12
EMEEMCOR Group, Inc. · Engineering & Construction
Whole market+43.0%35.3%1.20−48.0%+1,202%0.21—
13
PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+51.8%37.5%1.31−71.7%+768%0.15—
14
ESLTElbit Systems Ltd. · Aerospace & Defense
Same or nearby category+39.8%34.6%1.15−35.4%+765%0.03—
15
USLMUnited States Lime & Minerals, Inc. · Construction Materials
Whole market+35.6%36.1%1.03−45.9%+803%0.13—
16
ODCOil-Dri Corporation of America · Chemicals - Specialty
Whole market+35.9%36.9%1.02−48.9%+460%0.18—
17
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+319%0.51—
18
HWMHowmet Aerospace Inc. · Aerospace & Defense
Same or nearby category+47.3%32.5%1.36−68.9%+1,028%0.28—
19
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+483%0.31—
20
PBRPetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+50.3%37.5%1.28−75.3%+674%0.12—
21
BBVABanco Bilbao Vizcaya Argentaria, S.A. · Banks
Whole market+38.7%33.3%1.16−69.6%+542%0.39—
22
IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage
Whole market+35.4%35.4%1.04−55.1%+935%0.23—
23
PSXPhillips 66 · Oil & Gas
Whole market+33.2%32.9%1.04−64.2%+430%0.26—
24
SUSuncor Energy Inc. · Integrated Oil & Gas
Whole market+33.1%32.5%1.05−73.5%+295%0.19—
25
IMOImperial Oil Limited · Integrated Oil & Gas
Whole market+34.3%32.0%1.09−77.1%+430%0.33—
26
SMHVanEck Semiconductor ETF · Semiconductors
Whole market+33.4%36.9%0.97−45.3%+1,665%0.400.35%
27
SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP · Water Utilities
Whole market+39.1%37.1%1.08−62.0%+293%0.20—
28
GEGE Aerospace · Aerospace & Defense
Same or nearby category+36.0%31.0%1.15−80.9%+139%0.45—
29
NVTnVent Electric plc · Electrical Equipment
Whole market+35.4%38.0%0.99−56.2%—0.37—
30
MLIMueller Industries, Inc. · Metal Fabrication
Whole market+38.9%33.4%1.16−53.0%+800%0.21—
31
IDCCInterDigital, Inc. · Intellectual Property Licensing
Whole market+39.0%36.9%1.08−64.9%+395%0.23—
32
LAURLaureate Education, Inc. · Education Services
Whole market+37.5%32.8%1.14−64.5%—0.14—
33
AROCArchrock, Inc. · Oilfield Services
Whole market+33.1%36.4%0.97−84.9%+288%0.30—
34
MOG-AMoog Inc. · Aerospace & Defense
Same or nearby category+36.6%32.0%1.14−63.7%+595%0.31—
35
CAAPCorporacion America Airports S.A. · Infrastructure
Whole market+35.1%35.9%1.02−89.9%—0.38—
36
EZPWEZCORP, Inc. · Financial - Credit Services
Whole market+33.2%35.4%0.99−76.6%+202%0.16—
37
NRPNatural Resource Partners L.P. · Coal
Whole market+37.4%33.9%1.11−78.8%+632%0.23—

SCCO against its popular alternatives

The investments people most often weigh against SCCO, compared period by period and year by year.

How do SCCO's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at SCCO, which divides the map into what did better or worse on each measure.

Green points earned more than SCCO with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−5.0%0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilitySCCO: 32.0% a year, volatility 40.7%SPY (S&P 500): 12.7% a year, volatility 17.1%TGB: 28.4% a year, volatility 63.5%HBM: 26.3% a year, volatility 55.8%ERO: 9.8% a year, volatility 56.0%FCX: 13.7% a year, volatility 44.9%TECK: 19.2% a year, volatility 45.3%AA: −3.9% a year, volatility 55.1%NEM: 18.6% a year, volatility 39.1%RIO: 12.2% a year, volatility 29.0%BHP: 16.6% a year, volatility 31.4%VALE: 7.4% a year, volatility 35.0%PICK: 10.4% a year, volatility 28.1%SCCOSPY (S&P 500)TGBHBMEROFCXTECKAANEMRIOBHPVALEPICK10.0%20.0%30.0%40.0%50.0%60.0%70.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilitySCCO: 32.0% a year, volatility 40.7%SPY (S&P 500): 12.7% a year, volatility 17.1%TGB: 28.4% a year, volatility 63.5%HBM: 26.3% a year, volatility 55.8%ERO: 9.8% a year, volatility 56.0%FCX: 13.7% a year, volatility 44.9%TECK: 19.2% a year, volatility 45.3%AA: −3.9% a year, volatility 55.1%NEM: 18.6% a year, volatility 39.1%RIO: 12.2% a year, volatility 29.0%BHP: 16.6% a year, volatility 31.4%VALE: 7.4% a year, volatility 35.0%PICK: 10.4% a year, volatility 28.1%SCCOSPY (S&P 500)TGBHBMEROFCXTECKAANEMBHPVALEPICK
All figures
InvestmentAnnual returnVolatility
SCCO This pageSouthern Copper Corporation+32.0%40.7%
TGB Trekor Metals Limited+28.4%63.5%
HBM Hudbay Minerals Inc.+26.3%55.8%
TECK Teck Resources Limited+19.2%45.3%
NEM Newmont Corporation+18.6%39.1%
BHP BHP Group Limited+16.6%31.4%
FCX Freeport-McMoRan Inc.+13.7%44.9%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
RIO Rio Tinto Group+12.2%29.0%
PICK iShares MSCI Global Metals & Mining Producers ETF+10.4%28.1%
ERO Ero Copper Corp.+9.8%56.0%
VALE Vale S.A.+7.4%35.0%
AA Alcoa Corporation−3.9%55.1%
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Has SCCO consistently beaten its popular alternatives?

This section compares SCCO with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than SCCO helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than SCCO over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
SCCO Southern Copper Corporation (this page)—+2.2%+17.6%+9.6%+39.9%+56.5%+233%+301%+1,017%40.7%0.89−55.3%—$171B—
TGB CopperTrekor Metals Limited2/5 short2/3 long−8.3%+13.2%+3.1%+42.0%+100%+616%+249%+1,667%63.5%0.71−90.8%—$2.9B—
HBM CopperHudbay Minerals Inc.0/5 short1/3 long−11.2%+13.6%−7.8%+17.9%+44.2%+445%+221%+493%55.8%0.70−86.3%—$11B—
ERO CopperEro Copper Corp.2/5 short0/3 long−5.2%+31.1%+15.9%+13.3%+45.0%+138%+59.8%—56.0%0.45−67.2%—$3.4B—
FCX CopperFreeport-McMoRan Inc.1/5 short0/3 long−4.3%+17.4%−1.4%+33.9%+64.8%+111%+89.6%+650%44.9%0.51−72.6%—$99B—
NEM GoldNewmont Corporation1/5 short0/3 long−5.1%+31.2%+2.2%+16.1%+24.3%+219%+135%+304%39.1%0.63−62.4%—$123B—
TECK CopperTeck Resources Limited1/5 short0/3 long−3.6%+18.2%+9.1%+34.5%+46.2%+68.6%+141%+259%45.3%0.61−79.6%—$31B—
RIO Industrial MaterialsRio Tinto Group0/5 short0/3 long−9.2%+1.1%−9.7%+10.6%+30.1%+69.2%+77.9%+464%29.0%0.54−37.5%—$143B—
BHP Industrial MaterialsBHP Group Limited0/5 short0/3 long−4.9%+3.9%+5.1%+38.1%+50.2%+71.0%+115%+398%31.4%0.65−44.3%—$208B—
VALE Industrial MaterialsVale S.A.0/5 short0/3 long−8.0%−5.5%−24.9%+1.0%+23.6%+37.8%+42.6%+334%35.0%0.38−57.6%—$55B—
PICK InternationaliShares MSCI Global Metals & Mining Producers ETF0/5 short0/3 long−6.3%+3.4%−8.0%+11.4%+27.9%+73.1%+63.9%+267%28.1%0.49−52.7%0.39%$2.4B—
AA AluminumAlcoa Corporation0/5 short0/3 long−8.6%−6.0%−38.5%−27.5%+5.5%+75.8%−18.2%+115%55.1%0.20−90.9%—$11B—
IE CopperIvanhoe Electric Inc.0/5 short0/3 long−14.2%+4.6%−45.1%−48.3%−49.6%−22.0%————−71.1%—$1.3B—
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How did SCCO do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where SCCO ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with SCCO and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of SCCO; gray means the two finished within a fraction of a point. The rank row places SCCO among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of SCCO20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
SCCO This pageSouthern Copper Corporation—+66.7%+10.7%+50.3%+4.5%−0.4%+59.0%+44.6%−33.0%+50.3%+23.1%−6.2%−0.3%−22.5%+41.2%−33.4%+56.3%+109%−50.2%+111%+79.5%+60.3%+7.2%+236%+23.5%−4.2%−14.2%+65.5%−26.5%−1.5%
Rank among alternativesTop quarter in 14 of 296 of 134 of 131 of 135 of 1210 of 124 of 122 of 128 of 125 of 1111 of 112 of 113 of 117 of 111 of 104 of 102 of 107 of 103 of 102 of 103 of 103 of 105 of 102 of 94 of 76 of 71 of 75 of 75 of 72 of 7
SPY S&P 500State Street SPDR S&P 500 ETF12 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
TGB Trekor Metals Limited10 of 29+192%+38.6%−4.8%−28.3%+55.3%+175%+1.5%−79.7%+173%+151%−67.0%−51.4%−29.3%+9.9%−48.0%+24.4%+640%−89.0%+100%+112%−29.1%+3.0%+519%−6.9%−59.7%−49.0%−47.6%−4.3%−50.1%
HBM Hudbay Minerals Inc.11 of 22+145%+47.2%+9.1%−29.9%+3.9%+69.4%−11.5%−46.3%+54.9%+49.3%−55.8%+6.2%−17.8%+3.3%−44.7%+41.9%+407%−87.0%+4.7%+272%+179%−67.5%———————
ERO Ero Copper Corp.3 of 8+110%−14.6%+14.8%−10.1%−5.7%−11.0%+152%+21.5%—————————————————————
FCX Freeport-McMoRan Inc.8 of 29+35.4%−9.4%+13.7%−7.3%+61.4%+99.1%+29.6%−45.1%+43.8%+94.9%−70.2%−35.8%+19.9%−4.0%−36.9%+52.7%+228%−75.5%+86.9%+11.6%+49.1%−6.6%+154%+25.5%+56.5%−59.5%+102%−32.9%−45.6%
NEM Newmont Corporation9 of 29+173%−7.8%−8.8%−20.8%+7.4%+40.3%+30.5%−6.2%+10.9%+90.1%−4.4%−17.2%−48.5%−20.4%−0.6%+31.0%+17.3%−15.9%+9.1%−14.8%+21.4%−8.1%+68.2%+52.6%+12.7%−29.9%+35.0%−37.7%−34.1%
TECK Teck Resources Limited8 of 23+19.2%−2.6%+14.0%+33.8%+59.8%+5.8%−18.7%−16.9%+33.4%+421%−71.1%−44.9%−25.8%+5.9%−42.1%+78.7%+611%−86.1%−2.8%+47.1%+81.7%+87.5%+148%——————
RIO Rio Tinto Group10 of 29+44.5%−15.4%+11.1%+18.4%−0.4%+36.2%+37.5%−2.9%+44.9%+39.2%−33.4%−15.3%+0.6%+22.4%−30.5%+35.3%+195%−78.5%+102%+23.6%+57.1%+9.7%+45.6%+5.1%+12.6%−20.9%+115%−8.9%−16.4%
BHP BHP Group Limited12 of 29+28.9%−24.6%+16.4%+29.4%+2.0%+25.3%+24.6%+10.5%+33.8%+41.9%−38.1%−27.9%−9.8%+14.9%−22.0%+24.5%+85.2%−37.4%+79.4%+21.2%+42.0%+34.3%+62.6%+50.4%+8.7%−16.6%+91.5%−18.9%−32.0%
VALE Vale S.A.7 of 23+66.3%−38.8%+1.6%+32.5%−1.7%+32.0%+2.7%+12.3%+62.2%+134%−57.8%−44.1%−23.2%+3.3%−34.0%+21.2%+145%−61.8%+123%+47.5%+46.9%+50.6%+108%——————
PICK iShares MSCI Global Metals & Mining Producers ETF4 of 13+51.9%−16.4%+9.7%+2.6%+22.6%+27.5%+16.5%−18.6%+38.5%+54.7%−40.5%−19.7%−8.3%————————————————
AA Alcoa Corporation10 of 29+42.5%+12.5%−24.3%−23.1%+159%+7.1%−19.1%−50.7%+91.8%+28.3%−36.8%+49.9%+24.3%+1.7%−43.3%−3.6%+47.7%−68.2%+24.3%+4.2%−3.7%−15.7%+71.3%−34.5%+8.0%−17.9%+126%+7.7%+11.9%
IE Ivanhoe Electric Inc.1 of 3+112%−25.1%−17.0%——————————————————————————
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Risk and diversification

How SCCO has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were SCCO's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents SCCO's five deepest drawdowns since it began trading in 1996, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means SCCO fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringSCCO fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−78.5%−50.0%Oct 2007Nov 200813 monthsOct 201023 months
No named crash−57.0%+44.9%Jun 1997Jan 199919 monthsAug 20034.6 years
Late-2018 sell-off−55.3%−14.2%Apr 2018Mar 202023 monthsOct 20207 months
2011 euro debt crisis−49.1%−10.3%Jan 2011Oct 20119 monthsJan 201315 months
No named crash−46.0%−2.6%Jan 2004May 20044 monthsSep 20044 months

How did SCCO do in stock market crashes?

This section measures how far SCCO, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than SCCO.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
SCCO This pageSouthern Copper Corporation—−3.4%−43.0%−38.7%−32.0%−5.3%−26.0%−32.9%−0.4%−78.5%−42.5%
SPY S&P 500State Street SPDR S&P 500 ETF6 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
TGB Trekor Metals Limited0 of 10−6.3%−61.9%−50.2%−44.2%−5.4%−55.6%−48.6%−1.2%−91.2%−82.1%
HBM Hudbay Minerals Inc.1 of 9−9.2%−63.3%−57.9%−30.1%−10.0%−74.5%−38.9%0.0%−91.9%—
ERO Ero Copper Corp.1 of 5−6.2%−49.1%−53.9%−29.2%−6.3%—————
FCX Freeport-McMoRan Inc.0 of 10−7.2%−51.3%−56.1%−32.8%−8.4%−72.2%−46.7%−2.1%−86.4%−51.4%
NEM Newmont Corporation6 of 10−1.0%−51.8%−24.5%−9.5%−6.0%−20.2%−12.0%−2.3%−61.5%−53.0%
TECK Teck Resources Limited1 of 9−8.2%−43.6%−54.0%−26.9%−8.1%−65.4%−48.9%0.0%−94.8%—
RIO Rio Tinto Group5 of 10−2.6%−35.3%−30.0%−13.2%−5.3%−43.9%−41.3%0.0%−89.0%−33.9%
BHP BHP Group Limited7 of 10−2.2%−31.8%−38.1%−12.8%−6.4%−49.4%−30.7%0.0%−73.7%−32.6%
VALE Vale S.A.2 of 9−3.1%−41.4%−45.5%−20.9%−5.3%−61.1%−33.4%−0.8%−79.5%—
PICK iShares MSCI Global Metals & Mining Producers ETF2 of 6−4.0%−36.4%−41.4%−18.0%−6.2%−41.8%————
AA Alcoa Corporation0 of 10−12.4%−64.5%−67.2%−42.6%−7.1%−38.6%−43.6%0.0%−87.8%−59.3%
IE Ivanhoe Electric Inc.0 of 1−15.4%—————————
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How closely does SCCO move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares SCCO with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than SCCO's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
SCCO This pageSouthern Copper Corporation139%103%1.351.13
NEM Newmont Corporation68%45%1.520.39
RIO Rio Tinto Group98%72%1.350.63
VALE Vale S.A.100%88%1.130.74
BHP BHP Group Limited106%97%1.100.87
TGB Trekor Metals Limited217%214%1.011.89
FCX Freeport-McMoRan Inc.164%181%0.901.74
TECK Teck Resources Limited115%128%0.901.10
PICK iShares MSCI Global Metals & Mining Producers ETF115%133%0.861.12
HBM Hudbay Minerals Inc.193%234%0.821.95
AA Alcoa Corporation187%303%0.622.17
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What diversifies SCCO?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with SCCO's. Because such investments tend not to fall at the same time, pairing SCCO with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which SCCO lost money. The last two columns show a portfolio that is 80% SCCO and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2021201820152014201320112008200120001998199780/20 mix volatility80/20 mix annual return
SCCO Southern Copper Corporation (this page)1.00+301%0.89−0.4%−33.0%−6.2%−0.3%−22.5%−33.4%−50.2%−4.2%−14.2%−26.5%−1.5%40.9%+36.3%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.43+225%1.34+18.0%−19.8%+7.7%+8.1%+41.3%−16.1%−20.8%————33.9%+35.7%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.40+101%1.04+23.1%−8.7%−25.3%+23.8%+16.6%——————34.0%+33.2%
HDV Dividend & IncomeiShares Core High Dividend ETF0.49+83.3%1.00+19.6%−3.0%−0.3%+12.6%+23.8%——————34.2%+32.3%
PWV Broad MarketInvesco Large Cap Value ETF0.45+88.7%0.97+29.1%−14.1%−4.8%+12.3%+32.6%+6.5%−27.3%————34.1%+32.8%
SMH TechnologyVanEck Semiconductor ETF0.40+323%0.97+42.1%−9.1%−0.3%+30.2%+33.4%+6.8%−44.7%−14.6%———36.1%+38.2%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.22+136%0.93+22.7%−0.9%—————————33.8%+34.8%
XLE EnergyState Street Energy Select Sector SPDR ETF0.36+177%0.93+53.3%−18.2%−21.5%−8.7%+26.3%+2.8%−39.0%−18.2%+24.4%——34.9%+35.0%
AMLP EnergyAlerian MLP ETF0.19+111%0.89+39.1%−12.6%−25.7%+4.8%+18.6%+10.2%—————33.6%+34.1%

Stocks

InvestmentCorrelation5Y returnSharpe2021201820152014201320112008200120001998199780/20 mix volatility80/20 mix annual return
SCCO Southern Copper Corporation (this page)1.00+301%0.89−0.4%−33.0%−6.2%−0.3%−22.5%−33.4%−50.2%−4.2%−14.2%−26.5%−1.5%40.9%+36.3%
CAH Medical - DistributionCardinal Health, Inc.0.10+479%1.55−0.4%−24.5%+12.6%+23.0%+66.0%+8.1%−39.6%−2.5%+108%+51.7%+29.1%33.6%+38.6%
CLS Hardware, Equipment & PartsCelestica Inc.0.11+3,143%1.47+37.9%−16.3%−6.0%+12.9%+27.6%−24.4%−20.5%−25.6%−2.3%——36.0%+53.4%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.16+1,636%1.46+89.0%+0.8%+67.7%−10.4%+61.7%−17.0%−15.2%+73.7%−71.1%−9.5%—35.3%+48.6%
MCK Medical - DistributionMcKesson Corporation0.07+413%1.44+44.2%−28.4%−4.5%+29.3%+67.7%+11.8%−40.4%+4.9%+61.2%+46.9%+96.3%33.4%+38.0%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.30+690%1.41+61.0%−8.2%+17.4%+0.4%+48.6%——————35.2%+40.6%
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Common questions

What was SCCO's worst drawdown?

SCCO's deepest decline since it began trading in 1996 was 78.5%, from October 2007 to November 2008. It took 23 months from the low to climb back to its old high.

What were SCCO's best and worst years?

Over 29 full calendar years, SCCO's best year was 2003, when it returned 236%. Its worst was 2008, with a return of -50.2%.

Is there a better investment than SCCO?

Looking beyond its popular alternatives, ESLT (aerospace & defense) and HWM (aerospace & defense) earned more than SCCO with less volatility over the past 5 years. ESLT returned 39.8% a year at 34.6% volatility, against 32.0% a year at 40.7%. Few investments have done better on both counts: only 37 of the 3,633 stocks and funds worth at least $500 million earned more than SCCO with less volatility over the past 5 years, among them LLY, HSBC and GE.

Is SCCO more volatile than the S&P 500?

Yes. SCCO's volatility over the past 5 years was 40.7%, 2.4 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, SCCO's return lands within 40.7% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is SCCO's Sharpe ratio?

SCCO's Sharpe ratio over the past 5 years was 0.89, against 0.79 for the S&P 500, so SCCO earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is SCCO with the S&P 500?

Over the past 5 years, SCCO's monthly returns had a correlation of 0.43 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against SCCO instead: the lower it is, the more that option would diversify a SCCO holding.

What are the best alternatives to SCCO?

None of the 12 popular alternatives we compared outperformed SCCO in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about SCCO's strength than about its alternatives.

Did SCCO outperform the S&P 500?

SCCO finished ahead of the S&P 500 (SPY) in 17 of 29 full calendar years. In 2025, it returned +66.7%, against +17.7% for the index.

How did SCCO do in stock market crashes?

SCCO fell less than the S&P 500 (SPY) in three of the ten major crashes it has traded through, and further in six. The clearest case was the 2008 financial crisis, when SCCO fell 78.5% and the S&P 500 fell 55.2%.

What diversifies SCCO?

These had a low correlation with SCCO over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.43), EMLP (correlation 0.40) and HDV (correlation 0.49); among large stocks, CAH (correlation 0.10), CLS (correlation 0.11) and FIX (correlation 0.16). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to SCCO

Other stocks and ETFs