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 -6.75%/yr vs 18.73%/yr for FCX. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
MLCO vs. FCX - Performance Comparison
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Returns By Period
In the year-to-date period, MLCO achieves a -24.31% return, which is significantly lower than FCX's 24.04% return. Over the past 10 years, MLCO has underperformed FCX with an annualized return of -6.75%, while FCX has yielded a comparatively higher 18.73% annualized return.
MLCO
- 1D
- -0.52%
- 1M
- 6.31%
- 6M
- -5.45%
- YTD
- -24.31%
- 1Y
- -34.96%
- 3Y*
- -24.23%
- 5Y*
- -16.27%
- 10Y*
- -6.75%
- ALL TIME*
- -5.55%
FCX
- 1D
- -1.28%
- 1M
- 2.85%
- 6M
- 4.34%
- YTD
- 24.04%
- 1Y
- 57.95%
- 3Y*
- 14.13%
- 5Y*
- 11.82%
- 10Y*
- 18.73%
- ALL TIME*
- 7.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $908.04M | $924.30M | $916.72M | |
| $8.89M | $15.88M | $14.21M |
MLCO vs. FCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLCO Melco Resorts & Entertainment Limited | -24.31% | 30.74% | -34.72% | -22.87% | 12.97% | -45.12% | -22.55% | 41.19% | -37.90% | 100.80% |
FCX Freeport-McMoRan Inc. | 24.04% | 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 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.10 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
MLCO:
$2.22B
FCX:
$90.03B
MLCO:
$0.58
FCX:
$2.04
MLCO:
9.84
FCX:
30.69
MLCO:
0.43
FCX:
3.49
MLCO:
$5.30B
FCX:
$25.87B
MLCO:
$1.81B
FCX:
$6.95B
MLCO:
$1.19B
FCX:
$9.00B
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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 | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.22 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.36 | -3.05 |
| Martin ratioReturn relative to average drawdown | -0.99 | 5.58 | -6.57 |
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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.
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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 | -64.67% | -46.34% | -18.33% |
Max Drawdown (5Y)Largest decline over 5 years | -69.23% | -51.47% | -17.76% |
Max Drawdown (10Y)Largest decline over 10 years | -85.55% | -72.59% | -12.96% |
Current DrawdownCurrent decline from peak | -84.11% | -12.57% | -71.54% |
Average DrawdownAverage peak-to-trough decline | -55.28% | -39.50% | -15.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.11% | 10.27% | +23.84% |
Volatility
MLCO vs. FCX - Volatility Comparison
The current volatility for Melco Resorts & Entertainment Limited (MLCO) is 9.73%, while Freeport-McMoRan Inc. (FCX) has a volatility of 14.00%. 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.
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Volatility by Period
| MLCO | FCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.73% | 14.00% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 28.95% | 39.22% | -10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.14% | 49.43% | -10.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.45% | 45.26% | +13.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.89% | 48.36% | +3.53% |
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 0.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCX Freeport-McMoRan Inc. | 0.84% | 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 Aug 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 Aug 2026, Freeport-McMoRan Inc. reported a gross profit of 2.19B and revenue of 7.03B. Therefore, the gross margin over that period was 31.1%.
MLCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 Aug 2026, Freeport-McMoRan Inc. reported an operating income of 2.00B and revenue of 7.03B, resulting in an operating margin of 28.5%.
MLCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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 Aug 2026, Freeport-McMoRan Inc. reported a net income of 984.00M and revenue of 7.03B, resulting in a net margin of 14.0%.
Frequently Asked Questions
MLCO and FCX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (14.00%) compared to MLCO (9.73%). In terms of maximum drawdown, MLCO dropped -89.50% vs FCX's -92.52%.
FCX currently has the higher Sharpe Ratio (1.16 vs -0.87), 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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