HBM vs. SCCO
HBM (Hudbay Minerals Inc.) and SCCO (Southern Copper Corporation) are both stocks. Both operate in the Copper industry within the Basic Materials sector. Over the past 10 years, HBM returned 17.08%/yr vs 26.88%/yr for SCCO. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
HBM vs. SCCO - Performance Comparison
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Returns By Period
In the year-to-date period, HBM achieves a 14.68% return, which is significantly lower than SCCO's 30.96% return. Over the past 10 years, HBM has underperformed SCCO with an annualized return of 17.08%, while SCCO has yielded a comparatively higher 26.88% annualized return.
HBM
- 1D
- 0.00%
- 1M
- 0.71%
- 6M
- -3.87%
- YTD
- 14.68%
- 1Y
- 151.40%
- 3Y*
- 57.67%
- 5Y*
- 26.31%
- 10Y*
- 17.08%
- ALL TIME*
- 10.79%
SCCO
- 1D
- -1.24%
- 1M
- 6.22%
- 6M
- -1.28%
- YTD
- 30.96%
- 1Y
- 111.79%
- 3Y*
- 35.43%
- 5Y*
- 29.35%
- 10Y*
- 26.88%
- ALL TIME*
- 20.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $126.91M | $110.72M | $140.65M | |
| $216.01M | $205.42M | $238.31M |
HBM vs. SCCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 14.68% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
SCCO Southern Copper Corporation | 30.96% | 66.62% | 9.45% | 50.12% | 4.25% | -0.62% | 58.79% | 46.59% | -33.11% | 50.79% |
Correlation
The correlation between HBM and SCCO is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.65 |
The correlation between HBM and SCCO shifts across timeframes, from 0.65 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HBM:
$10.10B
SCCO:
$152.44B
HBM:
$1.69
SCCO:
$6.85
HBM:
13.47
SCCO:
26.69
HBM:
0.09
SCCO:
3.68
HBM:
3.65
SCCO:
9.58
HBM:
1.91
SCCO:
11.99
HBM:
$2.49B
SCCO:
$15.79B
HBM:
$970.25M
SCCO:
$9.83B
HBM:
$1.65B
SCCO:
$9.93B
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Return for Risk
HBM vs. SCCO — Risk / Return Rank
HBM
SCCO
HBM vs. SCCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) and Southern Copper Corporation (SCCO). 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.
| HBM | SCCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 3.53 | +0.52 |
| Martin ratioReturn relative to average drawdown | 9.77 | 8.99 | +0.78 |
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Drawdowns
HBM vs. SCCO - Drawdown Comparison
The maximum HBM drawdown since its inception was -92.21%, which is greater than SCCO's maximum drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for HBM and SCCO.
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Drawdown Indicators
| HBM | SCCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -78.60% | -13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -36.16% | -30.22% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -41.11% | -39.69% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -63.33% | -43.07% | -20.26% |
Max Drawdown (10Y)Largest decline over 10 years | -86.34% | -54.83% | -31.51% |
Current DrawdownCurrent decline from peak | -28.60% | -15.24% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -52.26% | -22.02% | -30.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.98% | 11.85% | +3.13% |
Volatility
HBM vs. SCCO - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 19.81% compared to Southern Copper Corporation (SCCO) at 15.07%. This indicates that HBM's price experiences larger fluctuations and is considered to be riskier than SCCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBM | SCCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.81% | 15.07% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 51.61% | 42.59% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.41% | 50.97% | +11.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.91% | 40.37% | +15.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.92% | 37.77% | +21.15% |
Dividends
HBM vs. SCCO - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.09%, less than SCCO's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.09% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
SCCO Southern Copper Corporation | 2.00% | 2.13% | 2.29% | 4.65% | 5.80% | 5.19% | 2.30% | 4.81% | 4.55% | 1.24% | 0.56% | 1.30% |
Financials
HBM vs. SCCO - Financials Comparison
This section allows you to compare key financial metrics between Hudbay Minerals Inc. and Southern Copper 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
HBM vs. SCCO - Profitability Comparison
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Hudbay Minerals Inc. reported a gross profit of 266.85M and revenue of 651.04M. Therefore, the gross margin over that period was 41.0%.
SCCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Southern Copper Corporation reported a gross profit of 2.66B and revenue of 4.29B. Therefore, the gross margin over that period was 62.0%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Hudbay Minerals Inc. reported an operating income of 236.24M and revenue of 651.04M, resulting in an operating margin of 36.3%.
SCCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Southern Copper Corporation reported an operating income of 2.62B and revenue of 4.29B, resulting in an operating margin of 61.2%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Hudbay Minerals Inc. reported a net income of 133.91M and revenue of 651.04M, resulting in a net margin of 20.6%.
SCCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Southern Copper Corporation reported a net income of 1.67B and revenue of 4.29B, resulting in a net margin of 38.9%.
Frequently Asked Questions
HBM and SCCO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (19.81%) compared to SCCO (15.07%). In terms of maximum drawdown, HBM dropped -92.21% vs SCCO's -78.60%.
HBM currently has the higher Sharpe Ratio (2.35 vs 2.10), 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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