LGO vs. FCX
LGO (Largo Resources Ltd) and FCX (Freeport-McMoRan Inc.) are both stocks. Both are in the Basic Materials sector — LGO in Other Industrial Metals & Mining, FCX in Copper. Over the past 10 years, LGO returned -13.99%/yr vs 22.12%/yr for FCX. At a 0.23 correlation, their price movements are largely independent.
Performance
LGO vs. FCX - Performance Comparison
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Returns By Period
In the year-to-date period, LGO achieves a -14.64% return, which is significantly lower than FCX's 35.32% return. Over the past 10 years, LGO has underperformed FCX with an annualized return of -13.99%, while FCX has yielded a comparatively higher 22.12% annualized return.
LGO
- 1D
- 0.00%
- 1M
- -28.57%
- YTD
- -14.64%
- 6M
- -20.00%
- 1Y
- -38.46%
- 3Y*
- -43.65%
- 5Y*
- -44.87%
- 10Y*
- -13.99%
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%
LGO vs. FCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LGO Largo Resources Ltd | -14.64% | -45.51% | -25.54% | -57.06% | -41.90% | -16.18% | 43.48% | -62.79% | 93.41% | 179.30% |
FCX Freeport-McMoRan Inc. | 35.32% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
Correlation
The correlation between LGO and FCX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.23 |
Over the past year, LGO and FCX have become more correlated (0.46) than their long-term average of 0.23, meaning their price movements have been converging.
Fundamentals
LGO:
$62.42M
FCX:
$98.78B
LGO:
-$1.00
FCX:
$1.89
LGO:
0.50
FCX:
3.74
LGO:
0.48
FCX:
5.06
LGO:
$109.89M
FCX:
$26.42B
LGO:
-$22.75M
FCX:
$7.35B
LGO:
-$16.54M
FCX:
$9.59B
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Return for Risk
LGO vs. FCX — Risk / Return Rank
LGO
FCX
LGO vs. FCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Largo Resources Ltd (LGO) 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.
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.
| LGO | FCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 2.75 | -3.30 |
| Martin ratioReturn relative to average drawdown | -0.87 | 6.85 | -7.72 |
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Drawdowns
LGO vs. FCX - Drawdown Comparison
The maximum LGO drawdown since its inception was -99.12%, which is greater than FCX's maximum drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for LGO and FCX.
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Drawdown Indicators
| LGO | FCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.12% | -92.52% | -6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -70.24% | -24.90% | -45.34% |
Max Drawdown (3Y)Largest decline over 3 years | -84.24% | -46.34% | -37.90% |
Max Drawdown (5Y)Largest decline over 5 years | -95.53% | -51.47% | -44.06% |
Max Drawdown (10Y)Largest decline over 10 years | -97.86% | -72.59% | -25.27% |
Current DrawdownCurrent decline from peak | -99.06% | -4.62% | -94.44% |
Average DrawdownAverage peak-to-trough decline | -81.66% | -39.62% | -42.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.43% | 9.97% | +34.46% |
Volatility
LGO vs. FCX - Volatility Comparison
The current volatility for Largo Resources Ltd (LGO) is 17.04%, while Freeport-McMoRan Inc. (FCX) has a volatility of 17.98%. This indicates that LGO 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.
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Volatility by Period
| LGO | FCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.04% | 17.98% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 59.45% | 37.53% | +21.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.89% | 48.88% | +43.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.91% | 45.14% | +25.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.76% | 48.65% | +28.11% |
Dividends
LGO vs. FCX - Dividend Comparison
LGO has not paid dividends to shareholders, while FCX's dividend yield for the trailing twelve months is around 0.88%.
| 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% |
LGO Largo Resources Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LGO vs. FCX - Financials Comparison
This section allows you to compare key financial metrics between Largo Resources Ltd and Freeport-McMoRan 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
LGO vs. FCX - Profitability Comparison
LGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Largo Resources Ltd reported a gross profit of -3.52M and revenue of 22.27M. Therefore, the gross margin over that period was -15.8%.
FCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported a gross profit of 1.66B and revenue of 6.23B. Therefore, the gross margin over that period was 26.6%.
LGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Largo Resources Ltd reported an operating income of -13.05M and revenue of 22.27M, resulting in an operating margin of -58.6%.
FCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported an operating income of 2.14B and revenue of 6.23B, resulting in an operating margin of 34.3%.
LGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Largo Resources Ltd reported a net income of -17.28M and revenue of 22.27M, resulting in a net margin of -77.6%.
FCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported a net income of 881.00M and revenue of 6.23B, resulting in a net margin of 14.1%.
Frequently Asked Questions
LGO and FCX have a correlation of 0.46, 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 LGO (17.04%). In terms of maximum drawdown, LGO dropped -99.12% vs FCX's -92.52%.
FCX currently has the higher Sharpe Ratio (1.40 vs -0.42), 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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