FCX vs MOH: Correlation
Freeport-McMoRan (FCX) and Molina Healthcare Inc (MOH) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCX and MOH?
On 3 years of weekly data the FCX/MOH correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -308.5 %².
Among the 34 assets we track against FCX, MOH ranks #25 by 3-year correlation. The last year tells two different stories: FCX led by 67.9 percentage points, +80.7% for FCX against +12.8% for MOH.
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 MOH: side by side
| FCX (Freeport-McMoRan) | MOH (Molina Healthcare Inc) | |
|---|---|---|
| 1-year return | +80.7% | +12.8% |
| 5-year return | +129.3% | -25.1% |
| Volatility (ann.) | 43.2% | 44.8% |
| Beta vs S&P 500 | 1.55 | -0.03 |
| Max drawdown (3Y) | -46.3% | -70.8% |
| Market cap | $112.6B | $10.4B |
| P/E (trailing) | 38.8 | 1242.2 |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | FCX | MOH |
|---|---|---|
| 2022 | -7.3% | +3.8% |
| 2023 | +13.7% | +9.4% |
| 2024 | -9.4% | -19.4% |
| 2025 | +35.4% | -40.4% |
| 2026 | +55.5% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCX and MOH good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FCX and MOH?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.23 over the last year and -0.05 over 5 years.
Is MOH a good diversifier for FCX?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 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-moh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcx-vs-moh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCX correlations · MOH correlations
