SCCO vs SLSR: Correlation
Measured on weekly returns over the past three years, Southern Copper Corporation (SCCO) and Solaris Resources Inc. (SLSR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCCO and SLSR?
Over the past 3 years, SCCO and SLSR moved with a correlation of 0.50, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.50). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 1290.9 %².
Within SCCO's tracked universe of 20 assets, SLSR comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SCCO outperformed by 74.8 percentage points (+134.5% for SCCO against +59.7% for SLSR). Note the risk asymmetry: SLSR runs 1.5 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.
SCCO vs SLSR: side by side
| SCCO (Southern Copper Corporation) | SLSR (Solaris Resources Inc.) | |
|---|---|---|
| 1-year return | +134.5% | +59.7% |
| 5-year return | +339.2% | -4.4% |
| Volatility (ann.) | 40.8% | 63.0% |
| Beta vs S&P 500 | 1.32 | 1.40 |
| Max drawdown (3Y) | -39.7% | -56.9% |
| Market cap | $182.6B | $1.5B |
| P/E (trailing) | 32.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCCO | SLSR |
|---|---|---|
| 2022 | +4.2% | -65.7% |
| 2023 | +50.0% | -33.7% |
| 2024 | +9.4% | +1.8% |
| 2025 | +66.5% | +156.7% |
| 2026 | +55.0% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCCO and SLSR good diversifiers for each other?
Only partially. A correlation of 0.50 means SCCO and SLSR 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 SLSR?
The SCCO/SLSR correlation stands at 0.50 on a 3-year window (1 year: 0.65, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SLSR a good diversifier for SCCO?
Only partially. A correlation of 0.50 means SCCO and SLSR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/scco-vs-slsr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/scco-vs-slsr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCCO correlations · SLSR correlations
