ERO vs SCCO: Correlation
Measured on weekly returns over the past three years, Ero Copper Corp. (ERO) and Southern Copper Corporation (SCCO) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERO and SCCO?
On 3 years of weekly data the ERO/SCCO correlation comes out at 0.76, strong. Recent behaviour matches the longer record: 0.79 over 1 year against 0.76 over 3. The 5-year figure is 0.73, and annualized covariance runs at 1701.6 %².
In ERO's tracked universe of 10 assets, SCCO sits right near the top at #2. The last year tells two different stories: ERO led by 39.9 percentage points, +174.4% for ERO 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.
ERO vs SCCO: side by side
| ERO (Ero Copper Corp.) | SCCO (Southern Copper Corporation) | |
|---|---|---|
| 1-year return | +174.4% | +134.5% |
| 5-year return | +110.6% | +339.2% |
| Volatility (ann.) | 54.7% | 40.8% |
| Beta vs S&P 500 | 1.53 | 1.32 |
| Max drawdown (3Y) | -59.7% | -39.7% |
| Market cap | $4.2B | $182.6B |
| P/E (trailing) | 13.3 | 32.0 |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERO | SCCO |
|---|---|---|
| 2022 | -10.1% | +4.2% |
| 2023 | +14.8% | +50.0% |
| 2024 | -14.6% | +9.4% |
| 2025 | +109.9% | +66.5% |
| 2026 | +40.8% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERO and SCCO good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ERO and SCCO?
The ERO/SCCO correlation stands at 0.76 on a 3-year window (1 year: 0.79, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is SCCO a good diversifier for ERO?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ero-vs-scco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ero-vs-scco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ERO correlations · SCCO correlations
