MLCO vs. FCX
MLCO (Melco Resorts & Entertainment Limited) and FCX (Freeport-McMoRan Inc.) are both stocks. MLCO operates in Resorts & Casinos (Consumer Cyclical), while FCX operates in Copper (Basic Materials). Over the past 10 years, MLCO returned -6.47%/yr vs 17.55%/yr for FCX. At a 0.35 correlation, their price movements are largely independent.
Performance
MLCO vs. FCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MLCO achieves a -28.40% return, which is significantly lower than FCX's 18.63% return. Over the past 10 years, MLCO has underperformed FCX with an annualized return of -6.47%, while FCX has yielded a comparatively higher 17.55% annualized return.
MLCO
- 1D
- -1.28%
- 1M
- -1.45%
- 6M
- -19.35%
- YTD
- -28.40%
- 1Y
- -37.70%
- 3Y*
- -26.71%
- 5Y*
- -19.10%
- 10Y*
- -6.47%
FCX
- 1D
- -2.52%
- 1M
- -12.34%
- 6M
- 2.63%
- YTD
- 18.63%
- 1Y
- 30.86%
- 3Y*
- 14.83%
- 5Y*
- 13.04%
- 10Y*
- 17.55%
MLCO vs. FCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLCO Melco Resorts & Entertainment Limited | -28.40% | 30.74% | -34.72% | -22.87% | 12.97% | -45.12% | -22.55% | 41.19% | -37.90% | 100.80% |
FCX Freeport-McMoRan Inc. | 18.63% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
Correlation
The correlation between MLCO and FCX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2006 | 0.35 |
Over the past year, the correlation between MLCO and FCX has dropped to 0.14 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
MLCO:
$2.10B
FCX:
$86.22B
MLCO:
$0.58
FCX:
$1.89
MLCO:
9.31
FCX:
31.67
MLCO:
0.40
FCX:
3.28
MLCO:
$5.30B
FCX:
$26.42B
MLCO:
$1.81B
FCX:
$7.35B
MLCO:
$1.19B
FCX:
$9.59B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MLCO vs. FCX — Risk / Return Rank
MLCO
FCX
MLCO vs. FCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Melco Resorts & Entertainment Limited (MLCO) 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.
| MLCO | FCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.15 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.28 | -2.05 |
| Martin ratioReturn relative to average drawdown | -1.17 | 3.06 | -4.23 |
Loading charts...
Drawdowns
MLCO vs. FCX - Drawdown Comparison
The maximum MLCO drawdown since its inception was -89.50%, roughly equal to the maximum FCX drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for MLCO and FCX.
Loading charts...
Drawdown Indicators
| MLCO | FCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.50% | -92.52% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -48.96% | -24.31% | -24.65% |
Max Drawdown (3Y)Largest decline over 3 years | -66.52% | -46.34% | -20.18% |
Max Drawdown (5Y)Largest decline over 5 years | -71.36% | -51.47% | -19.89% |
Max Drawdown (10Y)Largest decline over 10 years | -85.55% | -72.59% | -12.96% |
Current DrawdownCurrent decline from peak | -84.97% | -16.38% | -68.59% |
Average DrawdownAverage peak-to-trough decline | -55.19% | -39.55% | -15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.39% | 10.18% | +22.21% |
Volatility
MLCO vs. FCX - Volatility Comparison
The current volatility for Melco Resorts & Entertainment Limited (MLCO) is 10.90%, while Freeport-McMoRan Inc. (FCX) has a volatility of 14.76%. This indicates that MLCO 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.
Loading charts...
Volatility by Period
| MLCO | FCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.90% | 14.76% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 30.67% | 38.48% | -7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.77% | 49.41% | -10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.75% | 45.20% | +13.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.91% | 48.33% | +3.58% |
Dividends
MLCO vs. FCX - Dividend Comparison
MLCO has not paid dividends to shareholders, while FCX's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCX Freeport-McMoRan Inc. | 1.00% | 1.18% | 1.58% | 1.41% | 0.99% | 0.54% | 0.19% | 1.52% | 1.45% | 0.00% | 0.00% | 8.46% |
MLCO Melco Resorts & Entertainment Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.88% | 2.62% | 3.14% | 5.76% | 4.52% | 0.68% |
Financials
MLCO vs. FCX - Financials Comparison
This section allows you to compare key financial metrics between Melco Resorts & Entertainment Limited 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
MLCO vs. FCX - Profitability Comparison
MLCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Melco Resorts & Entertainment Limited reported a gross profit of 373.22M and revenue of 1.37B. Therefore, the gross margin over that period was 27.2%.
FCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
MLCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Melco Resorts & Entertainment Limited reported an operating income of 182.64M and revenue of 1.37B, resulting in an operating margin of 13.3%.
FCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Freeport-McMoRan Inc. reported an operating income of 2.14B and revenue of 6.23B, resulting in an operating margin of 34.3%.
MLCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Melco Resorts & Entertainment Limited reported a net income of 77.06M and revenue of 1.37B, resulting in a net margin of 5.6%.
FCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
MLCO and FCX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (14.76%) compared to MLCO (10.90%). In terms of maximum drawdown, MLCO dropped -89.50% vs FCX's -92.52%.
FCX currently has the higher Sharpe Ratio (0.63 vs -0.98), 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.
Find the right allocation for MLCO and FCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer