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SCCO vs. EWP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCCO vs. EWP

Last updated Jun 13, 2026

SCCO (Southern Copper Corporation) is a stock, while EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index. Over the past 10 years, SCCO returned 27.50%/yr vs 12.33%/yr for EWP. At a 0.40 correlation, their price movements are largely independent.

Performance

SCCO vs. EWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Southern Copper Corporation (SCCO) and iShares MSCI Spain ETF (EWP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCCO achieves a 36.04% return, which is significantly higher than EWP's 8.89% return. Over the past 10 years, SCCO has outperformed EWP with an annualized return of 27.50%, while EWP has yielded a comparatively lower 12.33% annualized return.

SCCO

1D
4.19%
1M
-1.09%
YTD
36.04%
6M
37.05%
1Y
110.19%
3Y*
44.36%
5Y*
29.82%
10Y*
27.50%

EWP

1D
0.63%
1M
4.02%
YTD
8.89%
6M
11.54%
1Y
36.89%
3Y*
32.21%
5Y*
17.57%
10Y*
12.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCCO vs. EWP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCCO
Southern Copper Corporation		36.04%66.62%9.45%50.12%4.25%-0.62%58.79%46.59%-33.11%50.79%
EWP
iShares MSCI Spain ETF		8.89%78.03%5.70%30.26%-5.18%0.25%-3.94%11.93%-15.32%26.98%

Correlation

The correlation between SCCO and EWP is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (10Y)
Calculated over the trailing 10-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Apr 1, 1996

0.40

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Southern Copper Corporation

iShares MSCI Spain ETF

Often compared with SCCO:
SCCO vs. FCXSCCO vs. RIOSCCO vs. BHPSCCO vs. TECKSCCO vs. CPERSCCO vs. COPPSCCO vs. HBM
Often compared with EWP:
EWP vs. EWGEWP vs. EWIEWP vs. EPOLEWP vs. EIRLEWP vs. VOOEWP vs. FEZEWP vs. EWQ

Return for Risk

SCCO vs. EWP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCCO
SCCO Risk / Return Rank: 8888
Overall Rank
SCCO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
SCCO Sortino Ratio Rank: 8686
Sortino Ratio Rank
SCCO Omega Ratio Rank: 8585
Omega Ratio Rank
SCCO Calmar Ratio Rank: 8888
Calmar Ratio Rank
SCCO Martin Ratio Rank: 8989
Martin Ratio Rank
EWP
EWP Risk / Return Rank: 6969
Overall Rank
EWP Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
EWP Sortino Ratio Rank: 6666
Sortino Ratio Rank
EWP Omega Ratio Rank: 6565
Omega Ratio Rank
EWP Calmar Ratio Rank: 7373
Calmar Ratio Rank
EWP Martin Ratio Rank: 7171
Martin Ratio Rank
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. EWP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Southern Copper Corporation (SCCO) and iShares MSCI Spain ETF (EWP). 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.

SCCOEWPDifference
Sharpe ratioReturn per unit of total volatility
2.23
1.94

+0.29

Sortino ratioReturn per unit of downside risk
2.66
2.62

+0.04

Omega ratioGain probability vs. loss probability

1.33

1.34

0.00

Calmar ratioReturn relative to maximum drawdown

3.67

3.26

+0.41

Martin ratioReturn relative to average drawdown

10.44

11.51

-1.07

SCCO vs. EWP - Sharpe Ratio Comparison

The current SCCO Sharpe Ratio is 2.23, which is comparable to the EWP Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of SCCO and EWP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCCO vs. EWP - Drawdown Comparison

The maximum SCCO drawdown since its inception was -78.60%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for SCCO and EWP.

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Drawdown Indicators

SCCOEWPDifference

Max Drawdown

Largest peak-to-trough decline

-78.60%

-61.19%

-17.41%

Max Drawdown (1Y)

Largest decline over 1 year

-30.22%

-11.38%

-18.84%

Max Drawdown (3Y)

Largest decline over 3 years

-39.69%

-12.19%

-27.50%

Max Drawdown (5Y)

Largest decline over 5 years

-43.07%

-33.91%

-9.16%

Max Drawdown (10Y)

Largest decline over 10 years

-54.83%

-46.36%

-8.47%

Current Drawdown

Current decline from peak

-11.95%

0.00%

-11.95%

Average Drawdown

Average peak-to-trough decline

-22.04%

-21.41%

-0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.59%

3.22%

+7.37%

Volatility

SCCO vs. EWP - Volatility Comparison

Southern Copper Corporation (SCCO) has a higher volatility of 20.20% compared to iShares MSCI Spain ETF (EWP) at 6.21%. This indicates that SCCO's price experiences larger fluctuations and is considered to be riskier than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCCOEWPDifference

Volatility (1M)

Calculated over the trailing 1-month period

20.20%

6.21%

+13.99%

Volatility (6M)

Calculated over the trailing 6-month period

41.65%

16.09%

+25.56%

Volatility (1Y)

Calculated over the trailing 1-year period

49.66%

19.13%

+30.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.97%

20.31%

+19.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.55%

22.22%

+15.33%

Dividends

SCCO vs. EWP - Dividend Comparison

SCCO's dividend yield for the trailing twelve months is around 1.93%, less than EWP's 2.09% yield.

PositionTTM20252024202320222021202020192018201720162015
EWP
iShares MSCI Spain ETF		2.09%2.27%4.35%2.70%3.07%3.29%2.56%3.72%3.69%2.72%4.65%3.85%
SCCO
Southern Copper Corporation		1.93%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

SCCO and EWP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCCO has higher volatility (20.20%) compared to EWP (6.21%). In terms of maximum drawdown, SCCO dropped -78.60% vs EWP's -61.19%.

SCCO currently has the higher Sharpe Ratio (2.23 vs 1.94), 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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