BVN vs. ERO

Last updated Jun 13, 2026

BVN (Compañía de Minas Buenaventura S.A.A.) and ERO (Ero Copper Corp) are both stocks. Both are in the Basic Materials sector — BVN in Other Precious Metals & Mining, ERO in Copper. Over the past 5 years, BVN returned 27.27%/yr vs 4.57%/yr for ERO. At a 0.35 correlation, their price movements are largely independent.

Performance

BVN vs. ERO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Compañía de Minas Buenaventura S.A.A. (BVN) and Ero Copper Corp (ERO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BVN achieves a 23.58% return, which is significantly higher than ERO's 3.89% return.

BVN

• 1D: 2.01%
• 1M: -13.13%
• YTD: 23.58%
• 6M: 22.13%
• 1Y: 105.88%
• 3Y*: 70.14%
• 5Y*: 27.27%
• 10Y*: 13.54%

ERO

• 1D: 6.10%
• 1M: -5.13%
• YTD: 3.89%
• 6M: 16.30%
• 1Y: 87.56%
• 3Y*: 14.46%
• 5Y*: 4.57%
• 10Y*: —

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

BVN vs. ERO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BVN Compañía de Minas Buenaventura S.A.A.	23.58%	147.96%	-24.06%	106.47%	2.47%	-39.95%	-19.27%	-6.40%	15.91%	-1.32%
ERO Ero Copper Corp	3.89%	109.87%	-14.63%	14.84%	-10.07%	-5.73%	-10.97%	151.68%	21.41%	52.76%

Correlation

The correlation between BVN and ERO 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	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017	0.35

Over the past year, BVN and ERO have become more correlated (0.56) than their long-term average of 0.35, meaning their price movements have been converging.

Fundamentals

Market Cap BVN : $8.49B ERO : $3.09B
EPS BVN : $3.84 ERO : $2.80
PE Ratio BVN : 8.69 ERO : 10.51
PEG Ratio BVN : 0.02 ERO : 0.11
PS Ratio BVN : 4.15 ERO : 3.32
PB Ratio BVN : 2.05 ERO : 2.80
Total Revenue (TTM) BVN : $2.05B ERO : $925.20M
Gross Profit (TTM) BVN : $1.06B ERO : $394.67M
EBITDA (TTM) BVN : $1.18B ERO : $528.87M

Return for Risk

BVN vs. ERO — Risk / Return Rank

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

BVN

BVN Risk / Return Rank: 86
BVN Sharpe Ratio Rank: 90
BVN Sortino Ratio Rank: 84
BVN Omega Ratio Rank: 85
BVN Calmar Ratio Rank: 87
BVN Martin Ratio Rank: 86

ERO

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

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.

BVN vs. ERO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Compañía de Minas Buenaventura S.A.A. (BVN) and Ero Copper Corp (ERO). 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.

	BVN	ERO	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.52	+0.60
Sortino ratio: Return per unit of downside risk	2.45	1.97	+0.47
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	3.48	2.32	+1.16
Martin ratio: Return relative to average drawdown	8.76	4.95	+3.81

BVN vs. ERO - Sharpe Ratio Comparison

The current BVN Sharpe Ratio is 2.12, which is higher than the ERO Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of BVN and ERO, 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

BVN vs. ERO - Drawdown Comparison

The maximum BVN drawdown since its inception was -93.68%, which is greater than ERO's maximum drawdown of -67.17%. Use the drawdown chart below to compare losses from any high point for BVN and ERO.

Drawdown Indicators

	BVN	ERO	Difference
Max Drawdown Largest peak-to-trough decline	-93.68%	-67.17%	-26.51%
Max Drawdown (1Y) Largest decline over 1 year	-30.64%	-37.97%	+7.33%
Max Drawdown (3Y) Largest decline over 3 years	-38.30%	-59.84%	+21.54%
Max Drawdown (5Y) Largest decline over 5 years	-53.67%	-63.89%	+10.22%
Max Drawdown (10Y) Largest decline over 10 years	-70.15%	—	—
Current Drawdown Current decline from peak	-31.25%	-22.72%	-8.53%
Average Drawdown Average peak-to-trough decline	-46.40%	-27.04%	-19.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.13%	17.75%	-5.62%

Volatility

BVN vs. ERO - Volatility Comparison

The current volatility for Compañía de Minas Buenaventura S.A.A. (BVN) is 20.09%, while Ero Copper Corp (ERO) has a volatility of 26.23%. This indicates that BVN experiences smaller price fluctuations and is considered to be less risky than ERO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BVN	ERO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.09%	26.23%	-6.14%
Volatility (6M) Calculated over the trailing 6-month period	42.55%	47.36%	-4.81%
Volatility (1Y) Calculated over the trailing 1-year period	50.28%	58.06%	-7.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.80%	55.03%	-9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.95%	59.38%	-13.43%

Dividends

BVN vs. ERO - Dividend Comparison

BVN's dividend yield for the trailing twelve months is around 3.40%, while ERO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BVN Compañía de Minas Buenaventura S.A.A.	3.40%	1.57%	0.63%	0.48%	0.98%	0.00%	0.00%	0.58%	0.55%	0.60%	0.26%
ERO Ero Copper Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

BVN vs. ERO - Profitability Comparison

The chart below illustrates the profitability comparison between Compañía de Minas Buenaventura S.A.A. and Ero Copper Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BVN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported a gross profit of 356.89M and revenue of 622.46M. Therefore, the gross margin over that period was 57.3%.

ERO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported a gross profit of 103.33M and revenue of 259.52M. Therefore, the gross margin over that period was 39.8%.

BVN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported an operating income of 325.55M and revenue of 622.46M, resulting in an operating margin of 52.3%.

ERO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported an operating income of 90.17M and revenue of 259.52M, resulting in an operating margin of 34.7%.

BVN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported a net income of 334.26M and revenue of 622.46M, resulting in a net margin of 53.7%.

ERO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported a net income of 107.26M and revenue of 259.52M, resulting in a net margin of 41.3%.

Frequently Asked Questions

Can I hold both BVN and ERO in my portfolio?

BVN and ERO 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.

Which is riskier, BVN or ERO?

ERO has higher volatility (26.23%) compared to BVN (20.09%). In terms of maximum drawdown, BVN dropped -93.68% vs ERO's -67.17%.

Which has better risk-adjusted returns?

BVN currently has the higher Sharpe Ratio (2.12 vs 1.52), 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.