SLV vs FCX
- 2 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
SLV and FCX clearly differ on 2 of 19 forces. The widest gap is gold: in weeks when the price of gold rose 5%, SLV typically moved +7.8% and FCX +3.9%.
| Economic force | SLViShares Silver Trust | FCXFreeport-McMoRan |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.48%−0.73% to +1.7%Not distinguishable from zero | +0.22%−1.3% to +1.8%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.4%−4.9% to +2.1%Not distinguishable from zero | +2.0%−2.3% to +6.4%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −5.2%−7.3% to −3.1%Clear | −5.6%−7.8% to −3.4%Clear |
| Oil and energyIn weeks when the price of oil rose 10% | +0.06%−0.93% to +1.0%Not distinguishable from zero | −1.1%−2.2% to +0.01%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.6%−6.2% to +2.9%Not distinguishable from zero | −4.1%−8.2% to +0.04%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.01%−2.8% to +2.8%Not distinguishable from zero | −0.65%−3.8% to +2.5%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.62%−2.1% to +0.87%Not distinguishable from zero | −1.5%−3.2% to +0.20%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.52%−1.1% to +2.1%Not distinguishable from zero | +1.6%−0.02% to +3.2%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5%Clear difference | +7.8%+6.7% to +9.0%Clear | +3.9%+2.8% to +5.0%Clear |
| CopperIn weeks when the price of copper rose 5% | +3.4%+1.7% to +5.1%Clear | +3.7%+2.3% to +5.2%Clear |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.12%+0.05% to +0.18%Tentative | 0.00%−0.03% to +0.04%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.40%−0.74% to +1.5%Not distinguishable from zero | +0.09%−1.2% to +1.4%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.03%−0.47% to +0.53%Not distinguishable from zero | +0.29%−0.13% to +0.70%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.10%−0.50% to +0.30%Not distinguishable from zero | +0.48%+0.07% to +0.89%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.02%−0.34% to +0.37%Not distinguishable from zero | +0.09%−0.39% to +0.57%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −2.2%−4.7% to +0.37%Not distinguishable from zero | −4.0%−6.5% to −1.5%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −2.2%−3.5% to −0.81%Tentative | −1.4%−2.5% to −0.28%Tentative |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.69%+0.33% to +1.0%Clear | +0.81%+0.43% to +1.2%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.19%−0.40% to +0.03%Not distinguishable from zero | +0.06%−0.24% to +0.36%Not distinguishable from zero |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.