IE vs SCCO: Correlation
Measured on weekly returns over the past three years, Ivanhoe Electric Inc. (IE) and Southern Copper Corporation (SCCO) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IE and SCCO?
On 3 years of weekly data the IE/SCCO correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 1599.2 %².
By 3-year correlation, SCCO places #5 of the 14 assets tracked against IE. Their recent paths diverged sharply: over the last 12 months SCCO outperformed by 103.4 percentage points (+31.1% for IE against +134.5% for SCCO). Note the risk asymmetry: IE runs 1.7 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.
IE vs SCCO: side by side
| IE (Ivanhoe Electric Inc.) | SCCO (Southern Copper Corporation) | |
|---|---|---|
| 1-year return | +31.1% | +134.5% |
| 5-year return | +8.2% | +339.2% |
| Volatility (ann.) | 69.5% | 40.8% |
| Beta vs S&P 500 | 2.00 | 1.32 |
| Max drawdown (3Y) | -70.7% | -39.7% |
| Market cap | $1.9B | $182.6B |
| P/E (trailing) | – | 32.0 |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IE | SCCO |
|---|---|---|
| 2022 | – | +4.2% |
| 2023 | -17.0% | +50.0% |
| 2024 | -25.1% | +9.4% |
| 2025 | +111.7% | +66.5% |
| 2026 | -26.8% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IE and SCCO good diversifiers for each other?
Only partially. A correlation of 0.56 means IE and SCCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IE and SCCO?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.62 over the last year and 0.55 over 5 years.
Is SCCO a good diversifier for IE?
Only partially. A correlation of 0.56 means IE and SCCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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/ie-vs-scco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ie-vs-scco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IE correlations · SCCO correlations
