CENX vs SCCO: Correlation
Measured on weekly returns over the past three years, Century Aluminum Company (CENX) and Southern Copper Corporation (SCCO) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENX and SCCO?
Across a 3-year window, the weekly returns of CENX and SCCO correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.54 over 3 years. Stretching to 5 years gives 0.61, with an annualized covariance of 1477.6 %².
In CENX's tracked universe of 12 assets, SCCO sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months SCCO outperformed by 32.3 percentage points (+102.2% for CENX against +134.5% for SCCO). Risk is not evenly split, since CENX carries 1.6 times the volatility of the other side.
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.
CENX vs SCCO: side by side
| CENX (Century Aluminum Company) | SCCO (Southern Copper Corporation) | |
|---|---|---|
| 1-year return | +102.2% | +134.5% |
| 5-year return | +270.4% | +339.2% |
| Volatility (ann.) | 67.1% | 40.8% |
| Beta vs S&P 500 | 2.12 | 1.32 |
| Max drawdown (3Y) | -42.8% | -39.7% |
| Market cap | $4.5B | $182.6B |
| P/E (trailing) | 7.9 | 32.0 |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENX | SCCO |
|---|---|---|
| 2022 | -50.6% | +4.2% |
| 2023 | +48.4% | +50.0% |
| 2024 | +50.1% | +9.4% |
| 2025 | +115.0% | +66.5% |
| 2026 | +17.1% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENX and SCCO good diversifiers for each other?
Only partially. A correlation of 0.54 means CENX and SCCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CENX and SCCO?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.41 over the last year and 0.61 over 5 years.
Is SCCO a good diversifier for CENX?
Only partially. A correlation of 0.54 means CENX and SCCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/cenx-vs-scco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cenx-vs-scco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CENX correlations · SCCO correlations
