SCCO vs SID: Correlation
Southern Copper Corporation (SCCO) and Companhia Siderurgica Nacional S.A. (SID) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCCO and SID?
On 3 years of weekly data the SCCO/SID correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 1074.1 %².
Among the 20 assets we track against SCCO, SID ranks #11 by 3-year correlation. The last year tells two different stories: SCCO led by 158.2 percentage points, +134.5% for SCCO against -23.7% for SID.
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.
SCCO vs SID: side by side
| SCCO (Southern Copper Corporation) | SID (Companhia Siderurgica Nacional S.A.) | |
|---|---|---|
| 1-year return | +134.5% | -23.7% |
| 5-year return | +339.2% | -77.7% |
| Volatility (ann.) | 40.8% | 49.3% |
| Beta vs S&P 500 | 1.32 | 1.22 |
| Max drawdown (3Y) | -39.7% | -76.0% |
| Market cap | $182.6B | $1.4B |
| P/E (trailing) | 32.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCCO | SID |
|---|---|---|
| 2022 | +4.2% | -29.7% |
| 2023 | +50.0% | +69.2% |
| 2024 | +9.4% | -59.6% |
| 2025 | +66.5% | +11.1% |
| 2026 | +55.0% | -33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCCO and SID good diversifiers for each other?
Only partially. A correlation of 0.53 means SCCO and SID 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 SCCO and SID?
The SCCO/SID correlation stands at 0.53 on a 3-year window (1 year: 0.59, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is SID a good diversifier for SCCO?
Only partially. A correlation of 0.53 means SCCO and SID share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/scco-vs-sid.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/scco-vs-sid/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SCCO correlations · SID correlations
