SCCO vs. CPER

Last updated Jun 24, 2026

SCCO (Southern Copper Corporation) is a stock, while CPER (United States Copper Index Fund) is Copper fund tracking the SummerHaven Copper Index Total Return. Over the past 10 years, SCCO returned 26.73%/yr vs 10.37%/yr for CPER. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

SCCO vs. CPER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Southern Copper Corporation (SCCO) and United States Copper Index Fund (CPER). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCCO achieves a 27.99% return, which is significantly higher than CPER's 6.75% return. Over the past 10 years, SCCO has outperformed CPER with an annualized return of 26.73%, while CPER has yielded a comparatively lower 10.37% annualized return.

SCCO

• 1D: -5.97%
• 1M: -0.61%
• YTD: 27.99%
• 6M: 24.06%
• 1Y: 100.46%
• 3Y*: 42.48%
• 5Y*: 29.55%
• 10Y*: 26.73%

CPER

• 1D: -3.84%
• 1M: -4.11%
• YTD: 6.75%
• 6M: 9.28%
• 1Y: 21.76%
• 3Y*: 16.60%
• 5Y*: 7.10%
• 10Y*: 10.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCCO vs. CPER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCCO Southern Copper Corporation	27.99%	66.62%	9.45%	50.12%	4.25%	-0.62%	58.79%	46.59%	-33.11%	50.79%
CPER United States Copper Index Fund	6.75%	38.95%	4.23%	4.55%	-15.14%	25.21%	23.90%	6.66%	-21.91%	28.80%

Correlation

The correlation between SCCO and CPER is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 15, 2011	0.56

The correlation between SCCO and CPER shifts across timeframes, from 0.56 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SCCO vs. CPER — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCCO

SCCO Risk / Return Rank: 85
SCCO Sharpe Ratio Rank: 89
SCCO Sortino Ratio Rank: 83
SCCO Omega Ratio Rank: 82
SCCO Calmar Ratio Rank: 85
SCCO Martin Ratio Rank: 87

CPER

CPER Risk / Return Rank: 20
CPER Sharpe Ratio Rank: 19
CPER Sortino Ratio Rank: 18
CPER Omega Ratio Rank: 23
CPER Calmar Ratio Rank: 20
CPER Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCCO vs. CPER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Southern Copper Corporation (SCCO) and United States Copper Index Fund (CPER). 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.

	SCCO	CPER	Difference
Sharpe ratio: Return per unit of total volatility	2.02	0.62	+1.40
Sortino ratio: Return per unit of downside risk	2.48	0.97	+1.52
Omega ratio: Gain probability vs. loss probability	1.31	1.16	+0.15
Calmar ratio: Return relative to maximum drawdown	3.34	0.88	+2.46
Martin ratio: Return relative to average drawdown	9.38	1.82	+7.56

SCCO vs. CPER - Sharpe Ratio Comparison

The current SCCO Sharpe Ratio is 2.02, which is higher than the CPER Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of SCCO and CPER, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCCO vs. CPER - Drawdown Comparison

The maximum SCCO drawdown since its inception was -78.60%, which is greater than CPER's maximum drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for SCCO and CPER.

Drawdown Indicators

	SCCO	CPER	Difference
Max Drawdown Largest peak-to-trough decline	-78.60%	-54.04%	-24.56%
Max Drawdown (1Y) Largest decline over 1 year	-30.22%	-24.77%	-5.45%
Max Drawdown (3Y) Largest decline over 3 years	-39.69%	-24.77%	-14.92%
Max Drawdown (5Y) Largest decline over 5 years	-43.07%	-34.75%	-8.32%
Max Drawdown (10Y) Largest decline over 10 years	-54.83%	-38.42%	-16.41%
Current Drawdown Current decline from peak	-17.16%	-8.08%	-9.08%
Average Drawdown Average peak-to-trough decline	-22.03%	-25.32%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.75%	11.97%	-1.22%

Volatility

SCCO vs. CPER - Volatility Comparison

Southern Copper Corporation (SCCO) has a higher volatility of 19.53% compared to United States Copper Index Fund (CPER) at 9.34%. This indicates that SCCO's price experiences larger fluctuations and is considered to be riskier than CPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCCO	CPER	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.53%	9.34%	+10.19%
Volatility (6M) Calculated over the trailing 6-month period	41.90%	23.62%	+18.28%
Volatility (1Y) Calculated over the trailing 1-year period	50.03%	35.07%	+14.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.95%	27.06%	+12.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.49%	24.11%	+13.38%

Dividends

SCCO vs. CPER - Dividend Comparison

SCCO's dividend yield for the trailing twelve months is around 2.05%, while CPER has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPER United States Copper Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCCO Southern Copper Corporation	2.05%	2.13%	2.29%	4.65%	5.80%	5.19%	2.30%	4.81%	4.55%	1.24%	0.56%	1.30%

Frequently Asked Questions

Can I hold both SCCO and CPER in my portfolio?

SCCO and CPER have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCCO or CPER?

SCCO has higher volatility (19.53%) compared to CPER (9.34%). In terms of maximum drawdown, SCCO dropped -78.60% vs CPER's -54.04%.

Which has better risk-adjusted returns?

SCCO currently has the higher Sharpe Ratio (2.02 vs 0.62), 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.