FCX vs. CCJ
FCX (Freeport-McMoRan Inc.) and CCJ (Cameco Corporation) are both stocks. FCX operates in Copper (Basic Materials), while CCJ operates in Uranium (Energy). Over the past 10 years, FCX returned 19.09%/yr vs 26.30%/yr for CCJ. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
FCX vs. CCJ - Performance Comparison
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Returns By Period
In the year-to-date period, FCX achieves a 26.04% return, which is significantly higher than CCJ's -1.93% return. Over the past 10 years, FCX has underperformed CCJ with an annualized return of 19.09%, while CCJ has yielded a comparatively higher 26.30% annualized return.
FCX
- 1D
- 1.61%
- 1M
- 4.51%
- 6M
- 5.10%
- YTD
- 26.04%
- 1Y
- 60.50%
- 3Y*
- 15.84%
- 5Y*
- 13.68%
- 10Y*
- 19.09%
- ALL TIME*
- 7.71%
CCJ
- 1D
- 3.87%
- 1M
- -7.06%
- 6M
- -25.36%
- YTD
- -1.93%
- 1Y
- 23.26%
- 3Y*
- 39.14%
- 5Y*
- 40.03%
- 10Y*
- 26.30%
- ALL TIME*
- 9.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $338.43M | $345.52M | $347.83M | |
| $906.38M | $912.02M | $914.50M |
FCX vs. CCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCX Freeport-McMoRan Inc. | 26.04% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
CCJ Cameco Corporation | -1.93% | 78.38% | 19.47% | 90.49% | 4.35% | 63.19% | 51.47% | -21.08% | 23.58% | -8.20% |
Correlation
The correlation between FCX and CCJ is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 1996 | 0.43 |
The correlation between FCX and CCJ shifts across timeframes, from 0.43 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FCX:
$91.49B
CCJ:
$39.08B
FCX:
$2.04
CCJ:
CA$0.82
FCX:
31.19
CCJ:
154.30
FCX:
3.55
CCJ:
15.77
FCX:
4.57
CCJ:
7.68
FCX:
$25.87B
CCJ:
CA$3.47B
FCX:
$6.95B
CCJ:
CA$969.30M
FCX:
$9.00B
CCJ:
CA$863.75M
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Return for Risk
FCX vs. CCJ — Risk / Return Rank
FCX
CCJ
FCX vs. CCJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freeport-McMoRan Inc. (FCX) and Cameco Corporation (CCJ). 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.
| FCX | CCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 0.63 | +1.87 |
| Martin ratioReturn relative to average drawdown | 5.90 | 1.45 | +4.44 |
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Drawdowns
FCX vs. CCJ - Drawdown Comparison
The maximum FCX drawdown since its inception was -92.52%, which is greater than CCJ's maximum drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for FCX and CCJ.
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Drawdown Indicators
| FCX | CCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -87.53% | -4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -24.31% | -36.93% | +12.62% |
Max Drawdown (3Y)Largest decline over 3 years | -46.34% | -40.01% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -51.47% | -40.01% | -11.46% |
Max Drawdown (10Y)Largest decline over 10 years | -72.59% | -57.22% | -15.37% |
Current DrawdownCurrent decline from peak | -11.16% | -33.09% | +21.93% |
Average DrawdownAverage peak-to-trough decline | -39.50% | -46.00% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.29% | 16.04% | -5.75% |
Volatility
FCX vs. CCJ - Volatility Comparison
Freeport-McMoRan Inc. (FCX) has a higher volatility of 14.06% compared to Cameco Corporation (CCJ) at 12.67%. This indicates that FCX's price experiences larger fluctuations and is considered to be riskier than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCX | CCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.06% | 12.67% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 38.45% | 38.73% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.47% | 55.97% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.25% | 49.96% | -4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.38% | 46.78% | +1.60% |
Dividends
FCX vs. CCJ - Dividend Comparison
FCX's dividend yield for the trailing twelve months is around 0.82%, more than CCJ's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCJ Cameco Corporation | 0.19% | 0.19% | 0.22% | 0.20% | 0.39% | 0.29% | 0.46% | 0.67% | 0.53% | 4.33% | 3.82% | 3.24% |
FCX Freeport-McMoRan Inc. | 0.82% | 1.18% | 1.58% | 1.41% | 0.99% | 0.54% | 0.19% | 1.52% | 1.45% | 0.00% | 0.00% | 8.46% |
Financials
FCX vs. CCJ - Financials Comparison
This section allows you to compare key financial metrics between Freeport-McMoRan Inc. and Cameco Corporation. 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
FCX vs. CCJ - Profitability Comparison
FCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Freeport-McMoRan Inc. reported a gross profit of 2.19B and revenue of 7.03B. Therefore, the gross margin over that period was 31.1%.
CCJ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Cameco Corporation reported a gross profit of 171.48M and revenue of 814.12M. Therefore, the gross margin over that period was 21.1%.
FCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Freeport-McMoRan Inc. reported an operating income of 2.00B and revenue of 7.03B, resulting in an operating margin of 28.5%.
CCJ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Cameco Corporation reported an operating income of 84.74M and revenue of 814.12M, resulting in an operating margin of 10.4%.
FCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Freeport-McMoRan Inc. reported a net income of 984.00M and revenue of 7.03B, resulting in a net margin of 14.0%.
CCJ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Cameco Corporation reported a net income of 25.23M and revenue of 814.12M, resulting in a net margin of 3.1%.
Frequently Asked Questions
FCX and CCJ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (14.06%) compared to CCJ (12.67%). In terms of maximum drawdown, FCX dropped -92.52% vs CCJ's -87.53%.
FCX currently has the higher Sharpe Ratio (1.23 vs 0.42), 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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