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 -7.08%/yr vs 21.67%/yr for FCX. At a 0.35 correlation, their price movements are largely independent.
Performance
MLCO vs. FCX - Performance Comparison
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Returns By Period
In the year-to-date period, MLCO achieves a -24.04% return, which is significantly lower than FCX's 41.87% return. Over the past 10 years, MLCO has underperformed FCX with an annualized return of -7.08%, while FCX has yielded a comparatively higher 21.67% annualized return.
MLCO
- 1D
- -1.54%
- 1M
- 5.31%
- YTD
- -24.04%
- 6M
- -37.84%
- 1Y
- -8.44%
- 3Y*
- -20.97%
- 5Y*
- -19.48%
- 10Y*
- -7.08%
FCX
- 1D
- 6.98%
- 1M
- 26.83%
- YTD
- 41.87%
- 6M
- 67.69%
- 1Y
- 80.71%
- 3Y*
- 26.15%
- 5Y*
- 12.77%
- 10Y*
- 21.67%
MLCO vs. FCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLCO Melco Resorts & Entertainment Limited | -24.04% | 30.74% | -34.72% | -22.87% | 12.97% | -45.12% | -22.55% | 41.19% | -37.90% | 100.80% |
FCX Freeport-McMoRan Inc. | 41.87% | 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 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2006 | 0.35 |
The correlation between MLCO and FCX shifts across timeframes, from 0.19 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MLCO:
$2.26B
FCX:
$103.56B
MLCO:
$0.57
FCX:
$1.89
MLCO:
10.02
FCX:
37.88
MLCO:
0.43
FCX:
3.92
MLCO:
$5.30B
FCX:
$26.42B
MLCO:
$1.81B
FCX:
$7.35B
MLCO:
$1.19B
FCX:
$9.59B
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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.
| MLCO | FCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.21 | 1.71 | -1.92 |
Sortino ratioReturn per unit of downside risk | -0.01 | 2.04 | -2.06 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 3.56 | -3.73 |
Martin ratioReturn relative to average drawdown | -0.29 | 8.99 | -9.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLCO | FCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.21 | 1.71 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.29 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | 0.45 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.16 | -0.25 |
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 | -47.58% | -24.90% | -22.68% |
Max Drawdown (3Y)Largest decline over 3 years | -66.52% | -46.34% | -20.18% |
Max Drawdown (5Y)Largest decline over 5 years | -74.37% | -51.47% | -22.90% |
Max Drawdown (10Y)Largest decline over 10 years | -85.55% | -72.59% | -12.96% |
Current DrawdownCurrent decline from peak | -84.05% | 0.00% | -84.05% |
Average DrawdownAverage peak-to-trough decline | -55.04% | -39.65% | -15.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.66% | 9.85% | +18.81% |
Volatility
MLCO vs. FCX - Volatility Comparison
The current volatility for Melco Resorts & Entertainment Limited (MLCO) is 9.41%, while Freeport-McMoRan Inc. (FCX) has a volatility of 14.41%. 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 | 9.41% | 14.41% | -5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 30.06% | 35.58% | -5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.84% | 47.60% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.60% | 44.86% | +13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.96% | 48.62% | +3.34% |
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 Jun 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 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%.
MLCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 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%.
MLCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 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
MLCO and FCX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (14.41%) compared to MLCO (9.41%). In terms of maximum drawdown, MLCO dropped -89.50% vs FCX's -92.52%.
FCX currently has the higher Sharpe Ratio (1.71 vs -0.21), 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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