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FCX vs. HG=F
Performance
Return for Risk
Drawdowns
Volatility

FCX vs. HG=F

Last updated Apr 2, 2026

Compare and contrast key facts about Freeport-McMoRan Inc. (FCX) and Copper (HG=F).

Performance

FCX vs. HG=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freeport-McMoRan Inc. (FCX) and Copper (HG=F). The values are adjusted to include any dividend payments, if applicable.

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FCX vs. HG=F - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FCX
Freeport-McMoRan Inc.		20.80%35.41%-9.41%13.69%-7.91%61.41%99.06%29.59%-45.11%43.75%
HG=F
Copper		-0.22%39.82%3.50%2.10%-14.63%26.84%25.81%6.31%-20.28%31.73%

Returns By Period

In the year-to-date period, FCX achieves a 20.80% return, which is significantly higher than HG=F's -0.22% return. Over the past 10 years, FCX has outperformed HG=F with an annualized return of 21.13%, while HG=F has yielded a comparatively lower 9.99% annualized return.

FCX

1D
4.12%
1M
-10.38%
YTD
20.80%
6M
57.51%
1Y
62.74%
3Y*
15.97%
5Y*
14.05%
10Y*
21.13%

HG=F

1D
0.54%
1M
-4.70%
YTD
-0.22%
6M
16.29%
1Y
11.57%
3Y*
11.08%
5Y*
7.06%
10Y*
9.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Freeport-McMoRan Inc.

Copper

Often compared with FCX:
FCX vs. SCCOFCX vs. BHPFCX vs. TECK-B.TOFCX vs. MPFCX vs. CCJFCX vs. BRK-BFCX vs. CSX
Often compared with HG=F:
HG=F vs. COPXHG=F vs. GC=FHG=F vs. CPERHG=F vs. BZ=FHG=F vs. COPA.LHG=F vs. SPYHG=F vs. ^GSPC

Return for Risk

FCX vs. HG=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCX
FCX Risk / Return Rank: 7878
Overall Rank
FCX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
FCX Sortino Ratio Rank: 7171
Sortino Ratio Rank
FCX Omega Ratio Rank: 7474
Omega Ratio Rank
FCX Calmar Ratio Rank: 8282
Calmar Ratio Rank
FCX Martin Ratio Rank: 8282
Martin Ratio Rank
HG=F
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.

FCX vs. HG=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freeport-McMoRan Inc. (FCX) and Copper (HG=F). 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.

FCXHG=FDifference

Sharpe ratio

Return per unit of total volatility

1.24

0.27

+0.96

Sortino ratio

Return per unit of downside risk

1.68

0.58

+1.09

Omega ratio

Gain probability vs. loss probability

1.25

1.10

+0.15

Calmar ratio

Return relative to maximum drawdown

2.57

0.89

+1.68

Martin ratio

Return relative to average drawdown

6.72

1.85

+4.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCX vs. HG=F - Sharpe Ratio Comparison

The current FCX Sharpe Ratio is 1.24, which is higher than the HG=F Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of FCX and HG=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FCXHG=FDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

0.27

+0.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.25

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.41

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.00

+0.15

Correlation

The correlation between FCX and HG=F is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

FCX vs. HG=F - Drawdown Comparison

The maximum FCX drawdown since its inception was -92.52%, smaller than the maximum HG=F drawdown of -99.27%. Use the drawdown chart below to compare losses from any high point for FCX and HG=F.

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Drawdown Indicators

FCXHG=FDifference

Max Drawdown

Largest peak-to-trough decline

-92.52%

-99.27%

+6.75%

Max Drawdown (1Y)

Largest decline over 1 year

-24.90%

-25.17%

+0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-51.47%

-34.96%

-16.51%

Max Drawdown (10Y)

Largest decline over 10 years

-72.59%

-36.54%

-36.05%

Current Drawdown

Current decline from peak

-11.07%

-9.04%

-2.03%

Average Drawdown

Average peak-to-trough decline

-39.82%

-29.73%

-10.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.51%

12.05%

-2.54%

Volatility

FCX vs. HG=F - Volatility Comparison

Freeport-McMoRan Inc. (FCX) has a higher volatility of 17.03% compared to Copper (HG=F) at 7.03%. This indicates that FCX's price experiences larger fluctuations and is considered to be riskier than HG=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCXHG=FDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.03%

7.03%

+10.00%

Volatility (6M)

Calculated over the trailing 6-month period

31.32%

20.76%

+10.56%

Volatility (1Y)

Calculated over the trailing 1-year period

50.89%

36.91%

+13.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.72%

26.75%

+17.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.31%

23.53%

+25.78%