FCX vs. BIL
FCX (Freeport-McMoRan Inc.) is a stock, while BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) is Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Over the past 10 years, FCX returned 21.48%/yr vs 2.18%/yr for BIL. At a correlation of -0.01, they often move in opposite directions.
Performance
FCX vs. BIL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCX achieves a 39.74% return, which is significantly higher than BIL's 1.49% return. Over the past 10 years, FCX has outperformed BIL with an annualized return of 21.48%, while BIL has yielded a comparatively lower 2.18% annualized return.
FCX
- 1D
- -1.51%
- 1M
- 27.12%
- YTD
- 39.74%
- 6M
- 59.38%
- 1Y
- 77.59%
- 3Y*
- 25.51%
- 5Y*
- 12.50%
- 10Y*
- 21.48%
BIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.49%
- 6M
- 1.77%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.41%
- 10Y*
- 2.18%
FCX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCX Freeport-McMoRan Inc. | 39.74% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.49% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between FCX and BIL is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | -0.01 |
The correlation between FCX and BIL shifts across timeframes, from -0.08 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCX vs. BIL — Risk / Return Rank
FCX
BIL
FCX vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freeport-McMoRan Inc. (FCX) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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.
| FCX | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.07 | ||
| Sortino ratioReturn per unit of downside risk | -172.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 87.91 | -86.62 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 355.35 | -352.22 |
| Martin ratioReturn relative to average drawdown | 7.90 | 2,817.77 | -2,809.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FCX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 19.71 | -18.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 13.16 | -12.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 8.52 | -8.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 2.78 | -2.62 |
Drawdowns
FCX vs. BIL - Drawdown Comparison
The maximum FCX drawdown since its inception was -92.52%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for FCX and BIL.
Loading charts...
Drawdown Indicators
| FCX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -0.78% | -91.74% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -0.01% | -24.89% |
Max Drawdown (3Y)Largest decline over 3 years | -46.34% | -0.01% | -46.33% |
Max Drawdown (5Y)Largest decline over 5 years | -51.47% | -0.10% | -51.37% |
Max Drawdown (10Y)Largest decline over 10 years | -72.59% | -0.21% | -72.38% |
Current DrawdownCurrent decline from peak | -1.51% | 0.00% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -39.65% | -0.26% | -39.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 0.00% | +9.85% |
Volatility
FCX vs. BIL - Volatility Comparison
Freeport-McMoRan Inc. (FCX) has a higher volatility of 14.37% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that FCX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.37% | 0.05% | +14.32% |
Volatility (6M)Calculated over the trailing 6-month period | 35.63% | 0.13% | +35.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.46% | 0.20% | +47.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.84% | 0.26% | +44.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.61% | 0.26% | +48.35% |
Dividends
FCX vs. BIL - Dividend Comparison
FCX's dividend yield for the trailing twelve months is around 0.85%, less than BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
FCX Freeport-McMoRan Inc. | 0.85% | 1.18% | 1.58% | 1.41% | 0.99% | 0.54% | 0.19% | 1.52% | 1.45% | 0.00% | 0.00% | 8.46% |
Frequently Asked Questions
FCX and BIL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (14.37%) compared to BIL (0.05%). In terms of maximum drawdown, FCX dropped -92.52% vs BIL's -0.78%.
BIL currently has the higher Sharpe Ratio (19.71 vs 1.64), 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.
Find the right allocation for FCX and BIL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer