NEXA vs SCCO: Correlation
Nexa Resources S.A. (NEXA) and Southern Copper Corporation (SCCO) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXA and SCCO?
Across a 3-year window, the weekly returns of NEXA and SCCO correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 915.4 %².
By 3-year correlation, SCCO places #5 of the 10 assets tracked against NEXA. The last year tells two different stories: NEXA led by 60.5 percentage points, +195.0% for NEXA 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.
NEXA vs SCCO: side by side
| NEXA (Nexa Resources S.A.) | SCCO (Southern Copper Corporation) | |
|---|---|---|
| 1-year return | +195.0% | +134.5% |
| 5-year return | +88.5% | +339.2% |
| Volatility (ann.) | 52.5% | 40.8% |
| Beta vs S&P 500 | 1.09 | 1.32 |
| Max drawdown (3Y) | -47.0% | -39.7% |
| Market cap | $1.8B | $182.6B |
| P/E (trailing) | 6.7 | 32.0 |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEXA | SCCO |
|---|---|---|
| 2022 | -20.1% | +4.2% |
| 2023 | +22.1% | +50.0% |
| 2024 | +23.2% | +9.4% |
| 2025 | +2.7% | +66.5% |
| 2026 | +58.7% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXA and SCCO good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NEXA and SCCO?
The NEXA/SCCO correlation stands at 0.43 on a 3-year window (1 year: 0.52, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is SCCO a good diversifier for NEXA?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/nexa-vs-scco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nexa-vs-scco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NEXA correlations · SCCO correlations
