FCX vs. NEM
FCX (Freeport-McMoRan Inc.) and NEM (Newmont Corporation) are both stocks. Both are in the Basic Materials sector — FCX in Copper, NEM in Gold. Over the past 10 years, FCX returned 22.12%/yr vs 13.80%/yr for NEM. At a 0.44 correlation, their price movements are largely independent.
Performance
FCX vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, FCX achieves a 35.32% return, which is significantly higher than NEM's 0.82% return. Over the past 10 years, FCX has outperformed NEM with an annualized return of 22.12%, while NEM has yielded a comparatively lower 13.80% annualized return.
FCX
- 1D
- 3.12%
- 1M
- 8.57%
- YTD
- 35.32%
- 6M
- 45.06%
- 1Y
- 69.04%
- 3Y*
- 21.38%
- 5Y*
- 12.26%
- 10Y*
- 22.12%
NEM
- 1D
- 2.71%
- 1M
- -7.88%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 74.95%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
FCX vs. NEM - 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% |
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between FCX and NEM is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 1995 | 0.44 |
The correlation between FCX and NEM shifts across timeframes, from 0.35 (10 years) to 0.54 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FCX:
$1.89
NEM:
$6.34
FCX:
36.13
NEM:
15.82
FCX:
3.74
NEM:
4.83
FCX:
$26.42B
NEM:
$17.23B
FCX:
$7.35B
NEM:
$8.97B
FCX:
$9.59B
NEM:
$13.78B
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Return for Risk
FCX vs. NEM — Risk / Return Rank
FCX
NEM
FCX vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freeport-McMoRan Inc. (FCX) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.78 | -0.03 |
| Martin ratioReturn relative to average drawdown | 6.85 | 7.58 | -0.74 |
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Drawdowns
FCX vs. NEM - Drawdown Comparison
The maximum FCX drawdown since its inception was -92.52%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for FCX and NEM.
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Drawdown Indicators
| FCX | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -81.30% | -11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -29.39% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -46.34% | -36.57% | -9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -51.47% | -62.40% | +10.93% |
Max Drawdown (10Y)Largest decline over 10 years | -72.59% | -62.40% | -10.19% |
Current DrawdownCurrent decline from peak | -4.62% | -23.71% | +19.09% |
Average DrawdownAverage peak-to-trough decline | -39.62% | -41.37% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.97% | 10.73% | -0.76% |
Volatility
FCX vs. NEM - Volatility Comparison
Freeport-McMoRan Inc. (FCX) has a higher volatility of 17.98% compared to Newmont Corporation (NEM) at 15.74%. This indicates that FCX's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCX | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.98% | 15.74% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 37.53% | 37.43% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.88% | 47.44% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.14% | 37.99% | +7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.65% | 35.67% | +12.98% |
Dividends
FCX vs. NEM - Dividend Comparison
FCX's dividend yield for the trailing twelve months is around 0.88%, less than NEM's 1.02% 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% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
FCX vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Freeport-McMoRan Inc. and Newmont 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
Frequently Asked Questions
FCX and NEM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (17.98%) compared to NEM (15.74%). In terms of maximum drawdown, FCX dropped -92.52% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.73 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.
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