FCX vs VT: Correlation
How closely do Freeport-McMoRan (FCX) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCX and VT?
On 3 years of weekly data the FCX/VT correlation comes out at 0.61, strong. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 366.7 %².
Among the 34 assets we track against FCX, VT ranks #12 by 3-year correlation. The last year tells two different stories: FCX led by 58.0 percentage points, +80.7% for FCX against +22.7% for VT. Across three years, the rolling one-year figure varied moderately, from 0.49 to 0.80. Note the risk asymmetry: FCX runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VT: side by side
| FCX (Freeport-McMoRan) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +80.7% | +22.7% |
| 5-year return | +129.3% | +67.7% |
| Volatility (ann.) | 43.2% | 13.9% |
| Beta vs S&P 500 | 1.55 | 0.92 |
| Max drawdown (3Y) | -46.3% | -16.5% |
| Market cap | $112.6B | – |
| P/E (trailing) | 38.8 | – |
| Dividend yield | 0.76% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | Materials | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | FCX | VT |
|---|---|---|
| 2022 | -7.3% | -18.0% |
| 2023 | +13.7% | +22.0% |
| 2024 | -9.4% | +16.5% |
| 2025 | +35.4% | +22.4% |
| 2026 | +55.5% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.08% of VT is FCX itself, so the fund partly moves with the stock by construction.
Are FCX and VT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FCX and VT?
As of 2026-08-27, the correlation of weekly returns between FCX and VT is 0.61 over 3 years, 0.51 over 1 year and 0.61 over 5 years.
Is VT a good diversifier for FCX?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcx-vs-vt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCX correlations · VT correlations
