FCX vs IFF: Correlation
Freeport-McMoRan (FCX) and International Flavors & Fragrances (IFF) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCX and IFF?
Over the past 3 years, FCX and IFF moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 532.6 %².
Among the 34 assets we track against FCX, IFF ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FCX ahead by 47.5 points (+80.7% versus +33.2%). Stability stands out here, with the rolling one-year correlation confined to 0.32 through 0.57.
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.
FCX vs IFF: side by side
| FCX (Freeport-McMoRan) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | +80.7% | +33.2% |
| 5-year return | +129.3% | -34.3% |
| Volatility (ann.) | 43.2% | 29.5% |
| Beta vs S&P 500 | 1.55 | 0.69 |
| Max drawdown (3Y) | -46.3% | -42.6% |
| Market cap | $112.6B | $22.2B |
| P/E (trailing) | 38.8 | – |
| Dividend yield | 0.76% | 1.84% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | FCX | IFF |
|---|---|---|
| 2022 | -7.3% | -28.3% |
| 2023 | +13.7% | -19.5% |
| 2024 | -9.4% | +6.3% |
| 2025 | +35.4% | -18.4% |
| 2026 | +55.5% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCX and IFF good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FCX and IFF?
The FCX/IFF correlation stands at 0.42 on a 3-year window (1 year: 0.43, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is IFF a good diversifier for FCX?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/fcx-vs-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcx-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCX correlations · IFF correlations
