FCX vs. LRCX
FCX (Freeport-McMoRan Inc.) and LRCX (Lam Research Corporation) are both stocks. FCX operates in Copper (Basic Materials), while LRCX operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, FCX returned 22.12%/yr vs 48.23%/yr for LRCX. At a 0.30 correlation, their price movements are largely independent.
Performance
FCX vs. LRCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCX achieves a 35.32% return, which is significantly lower than LRCX's 114.54% return. Over the past 10 years, FCX has underperformed LRCX with an annualized return of 22.12%, while LRCX has yielded a comparatively higher 48.23% annualized return.
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%
LRCX
- 1D
- 1.18%
- 1M
- 24.16%
- YTD
- 114.54%
- 6M
- 128.79%
- 1Y
- 303.12%
- 3Y*
- 81.91%
- 5Y*
- 43.22%
- 10Y*
- 48.23%
FCX vs. LRCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCX Freeport-McMoRan Inc. | 35.32% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
LRCX Lam Research Corporation | 114.54% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
Correlation
The correlation between FCX and LRCX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 1995 | 0.30 |
Over the past year, FCX and LRCX have become more correlated (0.53) than their long-term average of 0.30, meaning their price movements have been converging.
Fundamentals
FCX:
$98.78B
LRCX:
$463.20B
FCX:
$1.89
LRCX:
$5.29
FCX:
36.13
LRCX:
69.37
FCX:
3.74
LRCX:
21.46
FCX:
5.06
LRCX:
43.76
FCX:
$26.42B
LRCX:
$21.68B
FCX:
$7.35B
LRCX:
$10.84B
FCX:
$9.59B
LRCX:
$6.10B
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. LRCX — Risk / Return Rank
FCX
LRCX
FCX vs. LRCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freeport-McMoRan Inc. (FCX) and Lam Research Corporation (LRCX). 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 | LRCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.63 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 15.26 | -12.52 |
| Martin ratioReturn relative to average drawdown | 6.85 | 51.20 | -44.35 |
Loading charts...
Drawdowns
FCX vs. LRCX - Drawdown Comparison
The maximum FCX drawdown since its inception was -92.52%, which is greater than LRCX's maximum drawdown of -87.90%. Use the drawdown chart below to compare losses from any high point for FCX and LRCX.
Loading charts...
Drawdown Indicators
| FCX | LRCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -87.90% | -4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -20.01% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -46.34% | -47.10% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -51.47% | -56.39% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -72.59% | -56.39% | -16.20% |
Current DrawdownCurrent decline from peak | -4.62% | 0.00% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -39.62% | -28.17% | -11.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.97% | 5.95% | +4.02% |
Volatility
FCX vs. LRCX - Volatility Comparison
The current volatility for Freeport-McMoRan Inc. (FCX) is 17.98%, while Lam Research Corporation (LRCX) has a volatility of 21.52%. This indicates that FCX experiences smaller price fluctuations and is considered to be less risky than LRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCX | LRCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.98% | 21.52% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 37.53% | 43.63% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.88% | 52.78% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.14% | 46.57% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.65% | 44.92% | +3.73% |
Dividends
FCX vs. LRCX - Dividend Comparison
FCX's dividend yield for the trailing twelve months is around 0.88%, more than LRCX's 0.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LRCX Lam Research Corporation | 0.28% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
Financials
FCX vs. LRCX - Financials Comparison
This section allows you to compare key financial metrics between Freeport-McMoRan Inc. and Lam Research 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. LRCX - Profitability Comparison
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%.
LRCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a gross profit of 2.91B and revenue of 5.84B. Therefore, the gross margin over that period was 49.8%.
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%.
LRCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported an operating income of 2.05B and revenue of 5.84B, resulting in an operating margin of 35.0%.
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%.
LRCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a net income of 1.83B and revenue of 5.84B, resulting in a net margin of 31.3%.
Frequently Asked Questions
FCX and LRCX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LRCX has higher volatility (21.52%) compared to FCX (17.98%). In terms of maximum drawdown, FCX dropped -92.52% vs LRCX's -87.90%.
LRCX currently has the higher Sharpe Ratio (5.79 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.
Find the right allocation for FCX and LRCX
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