BVN vs SCCO: Correlation
Buenaventura Mining Company Inc. (BVN) and Southern Copper Corporation (SCCO) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVN and SCCO?
Across a 3-year window, the weekly returns of BVN and SCCO correlate at 0.65, strong. The link has tightened recently: the 1-year correlation (0.78) runs above the 3-year figure (0.65). Stretching to 5 years gives 0.63, with an annualized covariance of 1191.3 %².
SCCO is one of the assets that tracks BVN most closely: it ranks #1 out of the 11 assets we track against BVN. Their recent paths diverged sharply: over the last 12 months SCCO outperformed by 33.9 percentage points (+100.6% for BVN against +134.5% for SCCO).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BVN vs SCCO: side by side
| BVN (Buenaventura Mining Company Inc.) | SCCO (Southern Copper Corporation) | |
|---|---|---|
| 1-year return | +100.6% | +134.5% |
| 5-year return | +411.8% | +339.2% |
| Volatility (ann.) | 44.9% | 40.8% |
| Beta vs S&P 500 | 0.86 | 1.32 |
| Max drawdown (3Y) | -38.3% | -39.7% |
| Market cap | – | $182.6B |
| P/E (trailing) | 8.8 | 32.0 |
| Dividend yield | 3.14% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVN | SCCO |
|---|---|---|
| 2022 | +2.5% | +4.2% |
| 2023 | +106.5% | +50.0% |
| 2024 | -24.1% | +9.4% |
| 2025 | +146.4% | +66.5% |
| 2026 | +34.2% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVN and SCCO good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BVN and SCCO?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.78 over the last year and 0.63 over 5 years.
Is SCCO a good diversifier for BVN?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bvn-vs-scco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bvn-vs-scco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BVN correlations · SCCO correlations
