ERO vs TECK: Correlation
How closely do Ero Copper Corp. (ERO) and Teck Resources Ltd (TECK) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERO and TECK?
Across a 3-year window, the weekly returns of ERO and TECK correlate at 0.71, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 1567.3 %².
Few assets follow ERO as closely as TECK, which ranks #3 of 10 tracked partners. The last year tells two different stories: ERO led by 59.0 percentage points, +174.4% for ERO against +115.4% for TECK.
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 TECK: side by side
| ERO (Ero Copper Corp.) | TECK (Teck Resources Ltd) | |
|---|---|---|
| 1-year return | +174.4% | +115.4% |
| 5-year return | +110.6% | +233.4% |
| Volatility (ann.) | 54.7% | 40.4% |
| Beta vs S&P 500 | 1.53 | 1.47 |
| Max drawdown (3Y) | -59.7% | -46.1% |
| Market cap | $4.2B | $34.6B |
| P/E (trailing) | 13.3 | 19.3 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERO | TECK |
|---|---|---|
| 2022 | -10.1% | +33.8% |
| 2023 | +14.8% | +14.0% |
| 2024 | -14.6% | -2.6% |
| 2025 | +109.9% | +19.0% |
| 2026 | +40.8% | +47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERO and TECK good diversifiers for each other?
Only partially. A correlation of 0.71 means ERO and TECK 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 ERO and TECK?
The ERO/TECK correlation stands at 0.71 on a 3-year window (1 year: 0.74, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is TECK a good diversifier for ERO?
Only partially. A correlation of 0.71 means ERO and TECK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ero-vs-teck.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ero-vs-teck/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ERO correlations · TECK correlations
