FCX vs. SLV
FCX (Freeport-McMoRan Inc.) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, FCX returned 22.12%/yr vs 13.99%/yr for SLV. At a 0.41 correlation, their price movements are largely independent.
Performance
FCX vs. SLV - 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 SLV's -4.86% return. Over the past 10 years, FCX has outperformed SLV with an annualized return of 22.12%, while SLV has yielded a comparatively lower 13.99% 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%
SLV
- 1D
- 0.77%
- 1M
- -22.76%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.39%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
FCX vs. SLV - 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% |
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between FCX and SLV is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.41 |
The correlation between FCX and SLV shifts across timeframes, from 0.39 (10 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCX vs. SLV — Risk / Return Rank
FCX
SLV
FCX vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freeport-McMoRan Inc. (FCX) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.89 | +0.86 |
| Martin ratioReturn relative to average drawdown | 6.85 | 4.10 | +2.75 |
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Drawdowns
FCX vs. SLV - Drawdown Comparison
The maximum FCX drawdown since its inception was -92.52%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for FCX and SLV.
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Drawdown Indicators
| FCX | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -76.28% | -16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -45.40% | +20.50% |
Max Drawdown (3Y)Largest decline over 3 years | -46.34% | -45.40% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -51.47% | -45.40% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -72.59% | -45.40% | -27.19% |
Current DrawdownCurrent decline from peak | -4.62% | -41.96% | +37.34% |
Average DrawdownAverage peak-to-trough decline | -39.62% | -44.66% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.97% | 20.88% | -10.91% |
Volatility
FCX vs. SLV - Volatility Comparison
Freeport-McMoRan Inc. (FCX) has a higher volatility of 17.98% compared to iShares Silver Trust (SLV) at 16.34%. This indicates that FCX's price experiences larger fluctuations and is considered to be riskier than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCX | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.98% | 16.34% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 37.53% | 59.10% | -21.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.88% | 59.82% | -10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.14% | 36.46% | +8.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.65% | 32.00% | +16.65% |
Dividends
FCX vs. SLV - Dividend Comparison
FCX's dividend yield for the trailing twelve months is around 0.88%, while SLV has not paid dividends to shareholders.
| 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% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCX and SLV have a correlation of 0.59, 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 SLV (16.34%). In terms of maximum drawdown, FCX dropped -92.52% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.44 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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