SCCO vs TGB: Correlation
How closely do Southern Copper Corporation (SCCO) and Trekor Metals Limited (TGB) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCCO and TGB?
Across a 3-year window, the weekly returns of SCCO and TGB correlate at 0.73, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 1856.1 %².
By 3-year correlation, TGB places #5 of the 20 assets tracked against SCCO. The last year tells two different stories: TGB led by 69.9 percentage points, +134.5% for SCCO against +204.4% for TGB. One caveat on sizing: TGB is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TGB: side by side
| SCCO (Southern Copper Corporation) | TGB (Trekor Metals Limited) | |
|---|---|---|
| 1-year return | +134.5% | +204.4% |
| 5-year return | +339.2% | +450.0% |
| Volatility (ann.) | 40.8% | 62.1% |
| Beta vs S&P 500 | 1.32 | 1.89 |
| Max drawdown (3Y) | -39.7% | -44.3% |
| Market cap | $182.6B | $3.5B |
| P/E (trailing) | 32.0 | 484.0 |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCCO | TGB |
|---|---|---|
| 2022 | +4.2% | -28.3% |
| 2023 | +50.0% | -4.8% |
| 2024 | +9.4% | +38.6% |
| 2025 | +66.5% | +191.8% |
| 2026 | +55.0% | +71.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCCO and TGB good diversifiers for each other?
Only partially. A correlation of 0.73 means SCCO and TGB 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 TGB?
As of 2026-08-27, the correlation of weekly returns between SCCO and TGB is 0.73 over 3 years, 0.74 over 1 year and 0.72 over 5 years.
Is TGB a good diversifier for SCCO?
Only partially. A correlation of 0.73 means SCCO and TGB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/scco-vs-tgb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/scco-vs-tgb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCCO correlations · TGB correlations
