HG=F vs. FCX
Compare and contrast key facts about Copper (HG=F) and Freeport-McMoRan Inc. (FCX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HG=F or FCX.
Key characteristics
| HG=F | FCX | |
|---|---|---|
| YTD Return | 14.69% | 15.18% |
| 1Y Return | 17.77% | 21.23% |
| 3Y Return (Ann) | 1.32% | 11.07% |
| 5Y Return (Ann) | 10.55% | 35.58% |
| 10Y Return (Ann) | 3.08% | 3.64% |
| Sharpe Ratio | 0.68 | 0.69 |
| Daily Std Dev | 19.53% | 34.01% |
| Max Drawdown | -62.54% | -92.46% |
| Current Drawdown | -13.06% | -11.21% |
Correlation
The correlation between HG=F and FCX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HG=F vs. FCX - Performance Comparison
The year-to-date returns for both investments are quite close, with HG=F having a 14.69% return and FCX slightly higher at 15.18%. Over the past 10 years, HG=F has underperformed FCX with an annualized return of 3.08%, while FCX has yielded a comparatively higher 3.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HG=F vs. FCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Copper (HG=F) and Freeport-McMoRan Inc. (FCX). 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.
Drawdowns
HG=F vs. FCX - Drawdown Comparison
The maximum HG=F drawdown since its inception was -62.54%, smaller than the maximum FCX drawdown of -92.46%. Use the drawdown chart below to compare losses from any high point for HG=F and FCX. For additional features, visit the drawdowns tool.
Volatility
HG=F vs. FCX - Volatility Comparison
The current volatility for Copper (HG=F) is 5.87%, while Freeport-McMoRan Inc. (FCX) has a volatility of 6.23%. This indicates that HG=F experiences smaller price fluctuations and is considered to be less risky than FCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.