CTVA vs FCX: Correlation
Measured on weekly returns over the past three years, Corteva (CTVA) and Freeport-McMoRan (FCX) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and FCX?
On 3 years of weekly data the CTVA/FCX correlation comes out at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.32). The 5-year figure is 0.42, and annualized covariance runs at 371.9 %².
Within CTVA's tracked universe of 34 assets, FCX comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FCX outperformed by 69.8 percentage points (+10.9% for CTVA against +80.7% for FCX). This link changes with the market regime, having swung between 0.07 and 0.63 on a rolling one-year basis. Note the risk asymmetry: FCX runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CTVA vs FCX: side by side
| CTVA (Corteva) | FCX (Freeport-McMoRan) | |
|---|---|---|
| 1-year return | +10.9% | +80.7% |
| 5-year return | +98.2% | +129.3% |
| Volatility (ann.) | 26.8% | 43.2% |
| Beta vs S&P 500 | 0.43 | 1.55 |
| Max drawdown (3Y) | -20.7% | -46.3% |
| Market cap | $55.0B | $112.6B |
| P/E (trailing) | 50.2 | 38.8 |
| Dividend yield | 0.87% | 0.76% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CTVA | FCX |
|---|---|---|
| 2022 | +25.6% | -7.3% |
| 2023 | -17.5% | +13.7% |
| 2024 | +20.2% | -9.4% |
| 2025 | +18.9% | +35.4% |
| 2026 | +23.5% | +55.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and FCX good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CTVA and FCX?
As of 2026-08-27, the correlation of weekly returns between CTVA and FCX is 0.32 over 3 years, 0.14 over 1 year and 0.42 over 5 years.
Is FCX a good diversifier for CTVA?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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/ctva-vs-fcx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctva-vs-fcx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTVA correlations · FCX correlations
