ASA vs. SCCO

Last updated Jun 16, 2026

ASA (ASA Gold and Precious Metals Limited) and SCCO (Southern Copper Corporation) are both stocks. ASA operates in Asset Management (Financial Services), while SCCO operates in Copper (Basic Materials). Over the past 10 years, ASA returned 16.54%/yr vs 27.23%/yr for SCCO. At a 0.32 correlation, their price movements are largely independent.

Performance

ASA vs. SCCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASA Gold and Precious Metals Limited (ASA) and Southern Copper Corporation (SCCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASA achieves a 1.52% return, which is significantly lower than SCCO's 38.49% return. Over the past 10 years, ASA has underperformed SCCO with an annualized return of 16.54%, while SCCO has yielded a comparatively higher 27.23% annualized return.

ASA

• 1D: 5.49%
• 1M: -6.49%
• YTD: 1.52%
• 6M: 5.76%
• 1Y: 76.77%
• 3Y*: 58.79%
• 5Y*: 20.98%
• 10Y*: 16.54%

SCCO

• 1D: 1.81%
• 1M: 9.30%
• YTD: 38.49%
• 6M: 38.12%
• 1Y: 116.65%
• 3Y*: 44.16%
• 5Y*: 32.01%
• 10Y*: 27.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASA vs. SCCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASA ASA Gold and Precious Metals Limited	1.52%	195.60%	34.55%	5.38%	-32.06%	-3.48%	60.65%	44.35%	-16.18%	2.89%
SCCO Southern Copper Corporation	38.49%	66.62%	9.45%	50.12%	4.25%	-0.62%	58.79%	46.59%	-33.11%	50.79%

Correlation

The correlation between ASA and SCCO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 5, 1996	0.32

Over the past year, ASA and SCCO have become more correlated (0.55) than their long-term average of 0.32, meaning their price movements have been converging.

Fundamentals

Market Cap ASA : $1.14B SCCO : $158.77B
EPS ASA : $42.09 SCCO : $6.04
PE Ratio ASA : 1.44 SCCO : 32.01
PEG Ratio ASA : 0.00 SCCO : 4.41
PS Ratio ASA : 8.30 SCCO : 10.92
PB Ratio ASA : 1.03 SCCO : 13.47
Total Revenue (TTM) ASA : $137.30M SCCO : $14.55B
Gross Profit (TTM) ASA : $3.98M SCCO : $6.04B
EBITDA (TTM) ASA : $444.29M SCCO : $8.80B

Return for Risk

ASA vs. SCCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASA

ASA Risk / Return Rank: 78
ASA Sharpe Ratio Rank: 83
ASA Sortino Ratio Rank: 76
ASA Omega Ratio Rank: 76
ASA Calmar Ratio Rank: 77
ASA Martin Ratio Rank: 79

SCCO

SCCO Risk / Return Rank: 88
SCCO Sharpe Ratio Rank: 92
SCCO Sortino Ratio Rank: 87
SCCO Omega Ratio Rank: 86
SCCO Calmar Ratio Rank: 88
SCCO Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASA vs. SCCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASA Gold and Precious Metals Limited (ASA) and Southern Copper Corporation (SCCO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASA	SCCO	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.36	-0.79
Sortino ratio: Return per unit of downside risk	1.96	2.76	-0.79
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	2.17	3.88	-1.71
Martin ratio: Return relative to average drawdown	5.93	11.04	-5.11

ASA vs. SCCO - Sharpe Ratio Comparison

The current ASA Sharpe Ratio is 1.57, which is lower than the SCCO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of ASA and SCCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASA vs. SCCO - Drawdown Comparison

The maximum ASA drawdown since its inception was -80.36%, roughly equal to the maximum SCCO drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for ASA and SCCO.

Drawdown Indicators

	ASA	SCCO	Difference
Max Drawdown Largest peak-to-trough decline	-80.36%	-78.60%	-1.76%
Max Drawdown (1Y) Largest decline over 1 year	-35.50%	-30.22%	-5.28%
Max Drawdown (3Y) Largest decline over 3 years	-35.50%	-39.69%	+4.19%
Max Drawdown (5Y) Largest decline over 5 years	-48.43%	-43.07%	-5.36%
Max Drawdown (10Y) Largest decline over 10 years	-51.66%	-54.83%	+3.17%
Current Drawdown Current decline from peak	-25.48%	-10.36%	-15.12%
Average Drawdown Average peak-to-trough decline	-42.53%	-22.04%	-20.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.07%	10.61%	+2.46%

Volatility

ASA vs. SCCO - Volatility Comparison

ASA Gold and Precious Metals Limited (ASA) and Southern Copper Corporation (SCCO) have volatilities of 19.31% and 20.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASA	SCCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.31%	20.20%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	41.04%	41.61%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	49.32%	49.75%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.63%	39.94%	-4.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.60%	37.55%	-1.95%

Dividends

ASA vs. SCCO - Dividend Comparison

ASA's dividend yield for the trailing twelve months is around 0.12%, less than SCCO's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASA ASA Gold and Precious Metals Limited	0.12%	0.10%	0.20%	0.13%	0.14%	0.09%	0.09%	0.15%	0.32%	0.35%	0.36%	0.56%
SCCO Southern Copper Corporation	1.89%	2.13%	2.29%	4.65%	5.80%	5.19%	2.30%	4.81%	4.55%	1.24%	0.56%	1.30%

Financials

Frequently Asked Questions

Can I hold both ASA and SCCO in my portfolio?

ASA and SCCO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASA or SCCO?

SCCO has higher volatility (20.20%) compared to ASA (19.31%). In terms of maximum drawdown, ASA dropped -80.36% vs SCCO's -78.60%.

Which has better risk-adjusted returns?

SCCO currently has the higher Sharpe Ratio (2.36 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.