GOLD vs SCCO: Correlation
Measured on weekly returns over the past three years, Gold.com, Inc. (GOLD) and Southern Copper Corporation (SCCO) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLD and SCCO?
Across a 3-year window, the weekly returns of GOLD and SCCO correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 824.0 %².
Among the 12 assets we track against GOLD, SCCO ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SCCO outperformed by 30.5 percentage points (+104.0% for GOLD against +134.5% for SCCO).
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.
GOLD vs SCCO: side by side
| GOLD (Gold.com, Inc.) | SCCO (Southern Copper Corporation) | |
|---|---|---|
| 1-year return | +104.0% | +134.5% |
| 5-year return | +128.6% | +339.2% |
| Volatility (ann.) | 46.9% | 40.8% |
| Beta vs S&P 500 | 0.85 | 1.32 |
| Max drawdown (3Y) | -57.1% | -39.7% |
| Market cap | $1.3B | $182.6B |
| P/E (trailing) | 14.8 | 32.0 |
| Dividend yield | 1.76% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOLD | SCCO |
|---|---|---|
| 2022 | +18.4% | +4.2% |
| 2023 | -8.4% | +50.0% |
| 2024 | -7.4% | +9.4% |
| 2025 | +28.4% | +66.5% |
| 2026 | +36.2% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLD and SCCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GOLD and SCCO?
As of 2026-08-27, the correlation of weekly returns between GOLD and SCCO is 0.43 over 3 years, 0.49 over 1 year and 0.40 over 5 years.
Is SCCO a good diversifier for GOLD?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/gold-vs-scco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gold-vs-scco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOLD correlations · SCCO correlations
