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HBM correlations (Hudbay Minerals Inc.)

Which assets move with HBM and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

53.7%

3y weekly

Beta vs S&P 500

1.73

3y weekly

1-year return

+162.1%

price, adjusted

5-year return

+401.3%

price, adjusted

Market cap

$13.5B

latest

P/E ratio

18.4

trailing

Dividend yield

0.07%

trailing

Max drawdown

-41.1%

3y, daily closes

HBM over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with HBM

Asset		Correlation (3Y)
SCCO	Southern Copper Corporation	0.80
FCX	Freeport-McMoRan	0.79
ERO	Ero Copper Corp.	0.78
TGB	Trekor Metals Limited	0.77
TECK	Teck Resources Ltd	0.73

If the goal is offsetting HBM, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.43
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.41
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.40

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/hbm.json

Correlations, diversifiers, beta and volatility for HBM, plus one endpoint per pair. API documentation.