B vs. FCX
B (Barrick Mining Corporation) and FCX (Freeport-McMoRan Inc.) are both stocks. Both are in the Basic Materials sector — B in Gold, FCX in Copper. Over the past 10 years, B returned 9.32%/yr vs 22.12%/yr for FCX. At a 0.42 correlation, their price movements are largely independent.
Performance
B vs. FCX - Performance Comparison
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Returns By Period
In the year-to-date period, B achieves a -6.52% return, which is significantly lower than FCX's 35.32% return. Over the past 10 years, B has underperformed FCX with an annualized return of 9.32%, while FCX has yielded a comparatively higher 22.12% annualized return.
B
- 1D
- 2.81%
- 1M
- -10.03%
- YTD
- -6.52%
- 6M
- -5.53%
- 1Y
- 96.46%
- 3Y*
- 36.83%
- 5Y*
- 14.31%
- 10Y*
- 9.32%
FCX
- 1D
- 3.12%
- 1M
- 1.86%
- YTD
- 35.32%
- 6M
- 45.06%
- 1Y
- 68.06%
- 3Y*
- 21.38%
- 5Y*
- 12.26%
- 10Y*
- 22.12%
B vs. FCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
B Barrick Mining Corporation | -6.52% | 186.91% | -12.29% | 7.86% | -6.81% | -14.75% | 24.60% | 38.45% | -5.01% | -8.80% |
FCX Freeport-McMoRan Inc. | 35.32% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
Correlation
The correlation between B and FCX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 1995 | 0.43 |
The correlation between B and FCX shifts across timeframes, from 0.30 (10 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
B:
$67.34B
FCX:
$98.78B
B:
$3.59
FCX:
$1.89
B:
11.18
FCX:
36.13
B:
3.59
FCX:
3.74
B:
2.45
FCX:
5.06
B:
$19.00B
FCX:
$26.42B
B:
$10.32B
FCX:
$7.35B
B:
$12.63B
FCX:
$9.59B
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Return for Risk
B vs. FCX — Risk / Return Rank
B
FCX
B vs. FCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Mining Corporation (B) and Freeport-McMoRan Inc. (FCX). 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.
| B | FCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.75 | +0.56 |
| Martin ratioReturn relative to average drawdown | 7.95 | 6.85 | +1.10 |
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Drawdowns
B vs. FCX - Drawdown Comparison
The maximum B drawdown since its inception was -88.51%, roughly equal to the maximum FCX drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for B and FCX.
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Drawdown Indicators
| B | FCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.51% | -92.52% | +4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -29.31% | -24.90% | -4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -46.34% | +17.03% |
Max Drawdown (5Y)Largest decline over 5 years | -47.96% | -51.47% | +3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -57.13% | -72.59% | +15.46% |
Current DrawdownCurrent decline from peak | -23.16% | -4.62% | -18.54% |
Average DrawdownAverage peak-to-trough decline | -37.28% | -39.62% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.18% | 9.97% | +2.21% |
Volatility
B vs. FCX - Volatility Comparison
The current volatility for Barrick Mining Corporation (B) is 15.80%, while Freeport-McMoRan Inc. (FCX) has a volatility of 17.98%. This indicates that B experiences smaller price fluctuations and is considered to be less risky than FCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| B | FCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.80% | 17.98% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 35.19% | 37.53% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.31% | 48.88% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.25% | 45.14% | -8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.85% | 48.65% | -11.80% |
Dividends
B vs. FCX - Dividend Comparison
B's dividend yield for the trailing twelve months is around 2.29%, more than FCX's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
B Barrick Mining Corporation | 2.29% | 1.21% | 2.58% | 2.21% | 3.20% | 2.47% | 1.82% | 0.70% | 1.40% | 0.83% | 0.50% | 1.90% |
FCX Freeport-McMoRan Inc. | 0.88% | 1.18% | 1.58% | 1.41% | 0.99% | 0.54% | 0.19% | 1.52% | 1.45% | 0.00% | 0.00% | 8.46% |
Financials
B vs. FCX - Financials Comparison
This section allows you to compare key financial metrics between Barrick Mining Corporation and Freeport-McMoRan Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
B vs. FCX - Profitability Comparison
B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported a gross profit of 2.97B and revenue of 5.18B. Therefore, the gross margin over that period was 57.5%.
FCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported a gross profit of 1.66B and revenue of 6.23B. Therefore, the gross margin over that period was 26.6%.
B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported an operating income of 2.94B and revenue of 5.18B, resulting in an operating margin of 56.7%.
FCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported an operating income of 2.14B and revenue of 6.23B, resulting in an operating margin of 34.3%.
B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported a net income of 1.58B and revenue of 5.18B, resulting in a net margin of 30.5%.
FCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported a net income of 881.00M and revenue of 6.23B, resulting in a net margin of 14.1%.
Frequently Asked Questions
B and FCX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (17.98%) compared to B (15.80%). In terms of maximum drawdown, B dropped -88.51% vs FCX's -92.52%.
B currently has the higher Sharpe Ratio (2.15 vs 1.40), 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.
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