FCX vs TECK: Correlation
Freeport-McMoRan (FCX) and Teck Resources Ltd (TECK) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCX and TECK?
Across a 3-year window, the weekly returns of FCX and TECK correlate at 0.70, strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.70). Stretching to 5 years gives 0.71, with an annualized covariance of 1213.6 %².
TECK is one of the assets that tracks FCX most closely: it ranks #3 out of the 34 assets we track against FCX. The last year tells two different stories: TECK led by 34.7 percentage points, +80.7% for FCX 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.
FCX vs TECK: side by side
| FCX (Freeport-McMoRan) | TECK (Teck Resources Ltd) | |
|---|---|---|
| 1-year return | +80.7% | +115.4% |
| 5-year return | +129.3% | +233.4% |
| Volatility (ann.) | 43.2% | 40.4% |
| Beta vs S&P 500 | 1.55 | 1.47 |
| Max drawdown (3Y) | -46.3% | -46.1% |
| Market cap | $112.6B | $34.6B |
| P/E (trailing) | 38.8 | 19.3 |
| Dividend yield | 0.76% | 0.70% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | FCX | TECK |
|---|---|---|
| 2022 | -7.3% | +33.8% |
| 2023 | +13.7% | +14.0% |
| 2024 | -9.4% | -2.6% |
| 2025 | +35.4% | +19.0% |
| 2026 | +55.5% | +47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCX and TECK good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FCX and TECK?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.51 over the last year and 0.71 over 5 years.
Is TECK a good diversifier for FCX?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 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/fcx-vs-teck.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcx-vs-teck/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FCX correlations · TECK correlations
