FQVLF vs. HBM
FQVLF (First Quantum Minerals Ltd) and HBM (Hudbay Minerals Inc.) are both stocks. Both operate in the Copper industry within the Basic Materials sector. Over the past 10 years, FQVLF returned 16.74%/yr vs 22.30%/yr for HBM. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
FQVLF vs. HBM - Performance Comparison
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Returns By Period
In the year-to-date period, FQVLF achieves a 21.64% return, which is significantly lower than HBM's 52.84% return. Over the past 10 years, FQVLF has underperformed HBM with an annualized return of 16.74%, while HBM has yielded a comparatively higher 22.30% annualized return.
FQVLF
- 1D
- -2.05%
- 1M
- 43.13%
- YTD
- 21.64%
- 6M
- 37.26%
- 1Y
- 116.40%
- 3Y*
- 13.44%
- 5Y*
- 6.55%
- 10Y*
- 16.74%
HBM
- 1D
- -4.83%
- 1M
- 39.32%
- YTD
- 52.84%
- 6M
- 74.46%
- 1Y
- 224.34%
- 3Y*
- 85.63%
- 5Y*
- 32.02%
- 10Y*
- 22.30%
FQVLF vs. HBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FQVLF First Quantum Minerals Ltd | 21.64% | 107.65% | 56.23% | -60.11% | -12.54% | 33.61% | 77.77% | 25.83% | -42.67% | 41.90% |
HBM Hudbay Minerals Inc. | 52.84% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
Correlation
The correlation between FQVLF and HBM is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2009 | 0.62 |
The correlation between FQVLF and HBM shifts across timeframes, from 0.62 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FQVLF:
$27.15B
HBM:
$12.09B
FQVLF:
-$0.24
HBM:
$1.65
FQVLF:
5.00
HBM:
5.10
FQVLF:
2.45
HBM:
3.41
FQVLF:
$5.44B
HBM:
$2.37B
FQVLF:
$1.39B
HBM:
$828.54M
FQVLF:
$1.71B
HBM:
$1.54B
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Return for Risk
FQVLF vs. HBM — Risk / Return Rank
FQVLF
HBM
FQVLF vs. HBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Quantum Minerals Ltd (FQVLF) and Hudbay Minerals Inc. (HBM). 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.
| FQVLF | HBM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.50 | 4.01 | -1.51 |
Sortino ratioReturn per unit of downside risk | 2.87 | 3.82 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.50 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.73 | 6.25 | -2.51 |
Martin ratioReturn relative to average drawdown | 10.47 | 20.01 | -9.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FQVLF | HBM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 4.01 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.59 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.38 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.22 | -0.19 |
Drawdowns
FQVLF vs. HBM - Drawdown Comparison
The maximum FQVLF drawdown since its inception was -94.01%, roughly equal to the maximum HBM drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for FQVLF and HBM.
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Drawdown Indicators
| FQVLF | HBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -92.21% | -1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -31.37% | -36.16% | +4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -75.93% | -41.11% | -34.82% |
Max Drawdown (5Y)Largest decline over 5 years | -80.06% | -63.33% | -16.73% |
Max Drawdown (10Y)Largest decline over 10 years | -80.43% | -86.34% | +5.91% |
Current DrawdownCurrent decline from peak | -8.33% | -4.83% | -3.50% |
Average DrawdownAverage peak-to-trough decline | -46.51% | -52.52% | +6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.16% | 11.27% | -0.11% |
Volatility
FQVLF vs. HBM - Volatility Comparison
The current volatility for First Quantum Minerals Ltd (FQVLF) is 13.81%, while Hudbay Minerals Inc. (HBM) has a volatility of 19.39%. This indicates that FQVLF experiences smaller price fluctuations and is considered to be less risky than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQVLF | HBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.81% | 19.39% | -5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 38.23% | 44.29% | -6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.93% | 56.41% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.21% | 55.04% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.03% | 58.73% | +4.30% |
Dividends
FQVLF vs. HBM - Dividend Comparison
FQVLF has not paid dividends to shareholders, while HBM's dividend yield for the trailing twelve months is around 0.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQVLF First Quantum Minerals Ltd | 0.00% | 0.00% | 0.00% | 1.89% | 0.61% | 0.03% | 0.04% | 0.08% | 0.10% | 0.07% | 0.15% | 2.17% |
HBM Hudbay Minerals Inc. | 0.05% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
Financials
FQVLF vs. HBM - Financials Comparison
This section allows you to compare key financial metrics between First Quantum Minerals Ltd and Hudbay Minerals Inc.. 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
FQVLF vs. HBM - Profitability Comparison
FQVLF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Quantum Minerals Ltd reported a gross profit of 278.00M and revenue of 1.40B. Therefore, the gross margin over that period was 19.8%.
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
FQVLF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Quantum Minerals Ltd reported an operating income of 190.00M and revenue of 1.40B, resulting in an operating margin of 13.5%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
FQVLF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Quantum Minerals Ltd reported a net income of -196.00M and revenue of 1.40B, resulting in a net margin of -14.0%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
Frequently Asked Questions
FQVLF and HBM have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (19.39%) compared to FQVLF (13.81%). In terms of maximum drawdown, FQVLF dropped -94.01% vs HBM's -92.21%.
HBM currently has the higher Sharpe Ratio (4.01 vs 2.50), 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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