SIC 1000 Metal Mining

BHP Group Limited vs Southern Copper Corporation

WatchlistBHP / SCCOPrices through Nov 10, 2026

Why these are rivals: #1 and #2 by market value ($199B vs $146B) with SEC SIC 1000 (Metal Mining).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.62 (needs <= -2.873 (5% critical value))
Business leadership

Business size

Annual revenue reported to the SEC. Scale, not market share.

YearBHPSCCOLarger
2025-$13.4B-
2024-$11.4B-
2023-$9.9B-
2022-$10.0B-
2021-$10.9B-
2020-$8.0B-

Market value: BHP $198.6B, SCCO $146.5B.

Stock leadership

BHP is ahead now

Measured against the pair's own last 252 trading days.

BHP leads SCCO by 1.26 standard deviations: +11.5% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
BHP-10.0%-8.2%+47.1%
SCCO-12.6%-11.2%+24.7%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2534 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.81 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.62 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 26.69 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

BHP BHP Group Limited SCCO Southern Copper CorporationPrice index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150200Nov 2024Nov 2025Nov 2026
Spread z-score: BHP relative to SCCO, against the 252 sessions before each day. Above 0: BHP ahead; below 0: SCCO ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopNov 2024Nov 2025Nov 2026
Data table (504 sessions)
DateBHP indexSCCO indexzAhead
2026-11-10145.01155.58+1.26BHP ahead
2026-11-09148.12160.75+1.13BHP ahead
2026-11-06142.81152.76+1.31BHP ahead
2026-11-05140.47151.03+1.26BHP ahead
2026-11-04143.26161.50+0.71BHP ahead
2026-11-03139.67158.44+0.65BHP ahead
2026-11-02143.14163.80+0.55BHP ahead
2026-10-30141.51162.13+0.54BHP ahead
2026-10-29146.26175.11+0.03near the usual relationship
2026-10-28146.98177.09-0.05near the usual relationship
2026-10-27147.66177.56-0.03near the usual relationship
2026-10-26141.46169.87-0.01near the usual relationship
2026-10-23139.17168.96-0.14near the usual relationship
2026-10-22138.68167.66-0.09near the usual relationship
2026-10-21144.48180.89-0.50SCCO ahead
2026-10-20146.35184.79-0.60SCCO ahead
2026-10-19148.77184.27-0.38near the usual relationship
2026-10-16148.89183.11-0.30near the usual relationship
2026-10-15148.19184.19-0.43near the usual relationship
2026-10-14148.84183.27-0.32near the usual relationship
2026-10-13151.86189.42-0.47near the usual relationship
2026-10-12155.02190.58-0.30near the usual relationship
2026-10-09155.06191.06-0.33near the usual relationship
2026-10-08151.64181.42+0.01near the usual relationship
2026-10-07152.34183.17-0.04near the usual relationship
2026-10-06155.52186.54-0.02near the usual relationship
2026-10-05155.22187.48-0.10near the usual relationship
2026-10-02153.86187.71-0.22near the usual relationship
2026-10-01151.32181.94-0.05near the usual relationship
2026-09-30151.66185.06-0.23near the usual relationship
2026-09-29151.63184.98-0.23near the usual relationship
2026-09-28151.20185.05-0.28near the usual relationship
2026-09-25151.89186.23-0.30near the usual relationship
2026-09-24152.11184.09-0.15near the usual relationship
2026-09-23151.86184.42-0.20near the usual relationship
2026-09-22157.01188.26-0.06near the usual relationship
2026-09-21153.90180.88+0.17near the usual relationship
2026-09-18154.22178.72+0.32near the usual relationship
2026-09-17154.74179.10+0.33near the usual relationship
2026-09-16150.41173.41+0.36near the usual relationship
2026-09-15151.54172.96+0.47near the usual relationship
2026-09-14151.48172.01+0.52BHP ahead
2026-09-11155.79176.70+0.52BHP ahead
2026-09-10156.15177.30+0.49near the usual relationship
2026-09-09164.91191.11+0.26near the usual relationship
2026-09-08164.44190.47+0.26near the usual relationship
2026-09-04161.64181.52+0.57BHP ahead
2026-09-03165.73182.22+0.78BHP ahead
2026-09-02167.02186.54+0.59BHP ahead
2026-09-01165.93184.12+0.64BHP ahead
2026-08-31167.89190.75+0.39near the usual relationship
2026-08-28170.09191.60+0.45near the usual relationship
2026-08-27172.27197.52+0.27near the usual relationship
2026-08-26172.20195.21+0.36near the usual relationship
2026-08-25176.42200.64+0.32near the usual relationship
2026-08-24173.63195.66+0.39near the usual relationship
2026-08-21173.45197.26+0.29near the usual relationship
2026-08-20167.38181.49+0.71BHP ahead
2026-08-19164.98177.79+0.76BHP ahead
2026-08-18159.26171.51+0.75BHP ahead
2026-08-17157.97175.38+0.47near the usual relationship
2026-08-14155.13168.59+0.65BHP ahead
2026-08-13155.93171.32+0.54BHP ahead
2026-08-12161.10177.98+0.48near the usual relationship
2026-08-11160.92177.61+0.48near the usual relationship
2026-08-10161.98182.75+0.29near the usual relationship
2026-08-07161.62181.79+0.31near the usual relationship
2026-08-06157.13176.28+0.32near the usual relationship
2026-08-05159.78179.91+0.28near the usual relationship
2026-08-04156.35178.23+0.17near the usual relationship
2026-08-03149.27169.78+0.18near the usual relationship
2026-07-31151.04166.86+0.41near the usual relationship
2026-07-30153.56168.95+0.44near the usual relationship
2026-07-29148.57160.25+0.59BHP ahead
2026-07-28149.79163.43+0.49near the usual relationship
2026-07-27150.04163.76+0.48near the usual relationship
2026-07-24149.66163.74+0.46near the usual relationship
2026-07-23149.54166.41+0.31near the usual relationship
2026-07-22151.13178.52-0.16near the usual relationship
2026-07-21149.18171.70+0.03near the usual relationship
2026-07-20143.89159.88+0.30near the usual relationship
2026-07-17144.15157.52+0.43near the usual relationship
2026-07-16144.28160.42+0.29near the usual relationship
2026-07-15152.81165.79+0.47near the usual relationship
2026-07-14150.79166.56+0.33near the usual relationship
2026-07-13145.46159.39+0.39near the usual relationship
2026-07-10146.01160.58+0.36near the usual relationship
2026-07-09142.85159.30+0.25near the usual relationship
2026-07-08139.97152.70+0.42near the usual relationship
2026-07-07143.42155.02+0.49near the usual relationship
2026-07-06149.52158.79+0.63BHP ahead
2026-07-02148.96157.09+0.68BHP ahead
2026-07-01146.98154.16+0.72BHP ahead
2026-06-30148.93159.14+0.58BHP ahead
2026-06-29146.12153.84+0.70BHP ahead
2026-06-26144.83156.40+0.50BHP ahead
2026-06-25145.08159.57+0.36near the usual relationship
2026-06-24144.30156.93+0.44near the usual relationship
2026-06-23147.03163.08+0.29near the usual relationship
2026-06-22153.34173.43+0.14near the usual relationship
2026-06-18157.08176.19+0.20near the usual relationship
2026-06-17161.53175.05+0.46near the usual relationship
2026-06-16165.37177.65+0.52BHP ahead
2026-06-15164.69176.46+0.54BHP ahead
2026-06-12162.35173.32+0.56BHP ahead
2026-06-11157.31166.36+0.63BHP ahead
2026-06-10148.28153.21+0.80BHP ahead
2026-06-09151.47159.97+0.63BHP ahead
2026-06-08149.62155.69+0.74BHP ahead
2026-06-05147.87157.96+0.54BHP ahead
2026-06-04158.71177.25+0.20near the usual relationship
2026-06-03162.41179.53+0.27near the usual relationship
2026-06-02166.52183.90+0.27near the usual relationship
2026-06-01163.07177.74+0.37near the usual relationship
2026-05-29158.94174.70+0.30near the usual relationship
2026-05-28156.95177.97+0.06near the usual relationship
2026-05-27157.01171.46+0.34near the usual relationship
2026-05-26154.61173.41+0.13near the usual relationship
2026-05-22151.23164.08+0.37near the usual relationship
2026-05-21151.84163.58+0.42near the usual relationship
2026-05-20149.36158.99+0.50BHP ahead
2026-05-19146.35154.34+0.56BHP ahead
2026-05-18150.20156.99+0.62BHP ahead
2026-05-15150.88161.44+0.45near the usual relationship
2026-05-14158.97172.15+0.35near the usual relationship
2026-05-13162.33175.24+0.37near the usual relationship
2026-05-12157.88175.11+0.17near the usual relationship
2026-05-11156.69169.16+0.36near the usual relationship
2026-05-08151.45169.21+0.11near the usual relationship
2026-05-07147.57163.96+0.15near the usual relationship
2026-05-06150.75167.95+0.12near the usual relationship
2026-05-05141.65156.19+0.19near the usual relationship
2026-05-04139.20151.87+0.26near the usual relationship
2026-05-01141.33156.33+0.16near the usual relationship
2026-04-30141.76156.79+0.16near the usual relationship
2026-04-29137.75153.82+0.09near the usual relationship
2026-04-28139.65155.70+0.09near the usual relationship
2026-04-27142.72162.67-0.06near the usual relationship
2026-04-24142.69164.78-0.15near the usual relationship
2026-04-23142.72166.44-0.23near the usual relationship
2026-04-22144.01171.42-0.37near the usual relationship
2026-04-21138.88167.61-0.47near the usual relationship
2026-04-20142.28174.21-0.57SCCO ahead
2026-04-17143.81177.46-0.63SCCO ahead
2026-04-16142.06171.92-0.51SCCO ahead
2026-04-15142.06172.88-0.55SCCO ahead
2026-04-14141.53176.59-0.72SCCO ahead
2026-04-13139.61179.34-0.93SCCO ahead
2026-04-10137.31175.85-0.91SCCO ahead
2026-04-09138.06171.74-0.72SCCO ahead
2026-04-08137.58170.93-0.72SCCO ahead
2026-04-07131.05158.88-0.56SCCO ahead
2026-04-06130.12161.34-0.72SCCO ahead
2026-04-02130.93162.40-0.73SCCO ahead
2026-04-01131.50162.51-0.71SCCO ahead
2026-03-31130.03157.13-0.56SCCO ahead
2026-03-30123.38145.46-0.40near the usual relationship
2026-03-27124.24148.01-0.48near the usual relationship
2026-03-26122.45145.90-0.48near the usual relationship
2026-03-25125.15151.13-0.58SCCO ahead
2026-03-24122.94146.01-0.47near the usual relationship
2026-03-23121.93145.74-0.51SCCO ahead
2026-03-20116.71139.46-0.52SCCO ahead
2026-03-19120.43145.95-0.62SCCO ahead
2026-03-18122.10152.26-0.81SCCO ahead
2026-03-17125.99161.66-1.01SCCO ahead
2026-03-16125.69161.46-1.03SCCO ahead
2026-03-13122.88156.01-0.96SCCO ahead
2026-03-12126.51164.89-1.14SCCO ahead
2026-03-11131.12175.36-1.33SCCO ahead
2026-03-10132.09179.14-1.43SCCO ahead
2026-03-09130.30174.10-1.34SCCO ahead
2026-03-06128.44168.92-1.25SCCO ahead
2026-03-05135.14175.22-1.16SCCO ahead
2026-03-04139.67188.73-1.45SCCO ahead
2026-03-03140.03188.34-1.43SCCO ahead
2026-03-02148.39199.86-1.45SCCO ahead
2026-02-27145.82199.36-1.57SCCO ahead
2026-02-26144.92196.99-1.54SCCO ahead
2026-02-25146.01196.53-1.49SCCO ahead
2026-02-24142.38192.41-1.53SCCO ahead
2026-02-23139.45189.09-1.57SCCO ahead
2026-02-20137.33183.57-1.48SCCO ahead
2026-02-19134.20177.23-1.41SCCO ahead
2026-02-18133.23175.95-1.43SCCO ahead
2026-02-17132.80171.69-1.29SCCO ahead
2026-02-13131.18180.82-1.75SCCO ahead
2026-02-12130.07180.68-1.83SCCO ahead
2026-02-11134.30188.60-1.92SCCO ahead
2026-02-10129.34181.64-1.95SCCO ahead
2026-02-09128.12190.21-2.38SCCO ahead
2026-02-06124.49182.68-2.33SCCO ahead
2026-02-05123.53173.02-2.02SCCO ahead
2026-02-04129.10178.97-1.96SCCO ahead
2026-02-03130.03196.75-2.65SCCO ahead
2026-02-02124.04176.07-2.21SCCO ahead
2026-01-30122.86173.81-2.21SCCO ahead
2026-01-29129.01189.89-2.55SCCO ahead
2026-01-28126.85180.99-2.35SCCO ahead
2026-01-27126.01177.94-2.31SCCO ahead
2026-01-26121.15172.06-2.39SCCO ahead
2026-01-23120.70168.31-2.28SCCO ahead
2026-01-22116.14161.11-2.27SCCO ahead
2026-01-21117.29168.09-2.57SCCO ahead
2026-01-20115.11170.09-2.88SCCO ahead
2026-01-16115.95165.25-2.63SCCO ahead
2026-01-15118.04167.10-2.62SCCO ahead
2026-01-14118.02164.62-2.53SCCO ahead
2026-01-13114.39159.24-2.56SCCO ahead
2026-01-12112.26160.73-2.86SCCO ahead
2026-01-09110.33155.73-2.79SCCO ahead
2026-01-08112.53146.62-2.10SCCO ahead
2026-01-07114.16144.37-1.85SCCO ahead
2026-01-06115.84146.19-1.85SCCO ahead
2026-01-05112.87141.00-1.78SCCO ahead
2026-01-02110.40135.79-1.65SCCO ahead
2025-12-31107.92131.02-1.55SCCO ahead
2025-12-30108.90132.86-1.61SCCO ahead
2025-12-29107.95132.69-1.70SCCO ahead
2025-12-26110.64136.55-1.75SCCO ahead
2025-12-24108.81135.28-1.84SCCO ahead
2025-12-23109.19135.18-1.82SCCO ahead
2025-12-22108.63134.41-1.84SCCO ahead
2025-12-19106.04131.51-1.88SCCO ahead
2025-12-18105.95129.94-1.79SCCO ahead
2025-12-17105.56129.18-1.79SCCO ahead
2025-12-16104.79128.10-1.80SCCO ahead
2025-12-15105.81131.38-1.98SCCO ahead
2025-12-12106.61130.05-1.82SCCO ahead
2025-12-11108.90134.82-1.99SCCO ahead
2025-12-10108.21131.49-1.83SCCO ahead
2025-12-09105.49128.22-1.85SCCO ahead
2025-12-08104.29128.80-2.04SCCO ahead
2025-12-05105.20128.23-1.93SCCO ahead
2025-12-04105.42127.81-1.89SCCO ahead
2025-12-03103.54126.57-2.00SCCO ahead
2025-12-02100.59123.20-2.05SCCO ahead
2025-12-0198.62123.07-2.28SCCO ahead
2025-11-2897.84123.09-2.40SCCO ahead
2025-11-2698.11121.49-2.26SCCO ahead
2025-11-2595.96117.92-2.21SCCO ahead
2025-11-2494.62115.80-2.19SCCO ahead
2025-11-2194.89112.96-1.91SCCO ahead
2025-11-2093.99109.61-1.69SCCO ahead
2025-11-1995.58114.50-2.02SCCO ahead
2025-11-1896.01113.37-1.88SCCO ahead
2025-11-1797.59116.03-1.98SCCO ahead
2025-11-1498.73119.35-2.20SCCO ahead
2025-11-13100.02120.58-2.20SCCO ahead
2025-11-12100.68124.91-2.58SCCO ahead
2025-11-1199.70126.50-2.90SCCO ahead
2025-11-1099.86127.39-3.03SCCO ahead
2025-11-0798.61124.76-2.99SCCO ahead
2025-11-0699.41125.33-3.01SCCO ahead
2025-11-0599.23124.13-2.98SCCO ahead
2025-11-0497.32119.44-2.78SCCO ahead
2025-11-03100.38126.29-3.18SCCO ahead
2025-10-31101.98126.76-3.08SCCO ahead
2025-10-30102.32127.95-3.24SCCO ahead
2025-10-29103.61129.39-3.30SCCO ahead
2025-10-28102.13126.36-3.24SCCO ahead
2025-10-27100.79121.45-2.91SCCO ahead
2025-10-2499.43118.12-2.74SCCO ahead
2025-10-2398.84117.23-2.77SCCO ahead
2025-10-2299.73115.91-2.50SCCO ahead
2025-10-21100.05117.19-2.66SCCO ahead
2025-10-20101.54123.23-3.29SCCO ahead
2025-10-1799.37118.55-3.09SCCO ahead
2025-10-16100.61121.71-3.40SCCO ahead
2025-10-15101.34120.46-3.18SCCO ahead
2025-10-14100.86119.41-3.19SCCO ahead
2025-10-1399.59121.64-3.84SCCO ahead
2025-10-1095.85114.25-3.51SCCO ahead
2025-10-09100.18119.24-3.58SCCO ahead
2025-10-08100.21121.03-3.99SCCO ahead
2025-10-0798.68115.74-3.52SCCO ahead
2025-10-06100.05118.70-3.87SCCO ahead
2025-10-0399.16117.16-3.92SCCO ahead
2025-10-0299.21114.45-3.52SCCO ahead
2025-10-0199.66112.00-3.04SCCO ahead
2025-09-3099.66110.83-2.86SCCO ahead
2025-09-29100.50110.58-2.67SCCO ahead
2025-09-2697.85106.85-2.54SCCO ahead
2025-09-2599.55107.73-2.37SCCO ahead
2025-09-2495.64109.13-3.68SCCO ahead
2025-09-2395.26100.69-1.92SCCO ahead
2025-09-2295.01101.77-2.26SCCO ahead
2025-09-1993.21100.45-2.45SCCO ahead
2025-09-1893.2897.95-1.85SCCO ahead
2025-09-1795.0597.61-1.32SCCO ahead
2025-09-1696.7399.04-1.26SCCO ahead
2025-09-1597.96100.40-1.29SCCO ahead
2025-09-1296.6696.97-0.78SCCO ahead
2025-09-1196.9195.94-0.46near the usual relationship
2025-09-1095.1993.24-0.21near the usual relationship
2025-09-0995.0191.24+0.27near the usual relationship
2025-09-0896.8994.42-0.09near the usual relationship
2025-09-0597.2394.05+0.09near the usual relationship
2025-09-0499.3092.07+1.11BHP ahead
2025-09-0399.9192.17+1.23BHP ahead
2025-09-0299.5288.81+2.06BHP ahead
2025-08-2999.7087.75+2.43BHP ahead
2025-08-28100.3288.33+2.46BHP ahead
2025-08-2799.8787.86+2.52BHP ahead
2025-08-2699.4889.30+2.04BHP ahead
2025-08-2599.7088.59+2.33BHP ahead
2025-08-22100.0289.08+2.30BHP ahead
2025-08-2197.4385.60+2.70BHP ahead
2025-08-2095.8085.57+2.30BHP ahead
2025-08-1996.0086.07+2.23BHP ahead
2025-08-1895.5187.56+1.65BHP ahead
2025-08-1596.8087.55+2.04BHP ahead
2025-08-1496.2189.15+1.39BHP ahead
2025-08-1397.8490.87+1.33BHP ahead
2025-08-1296.6089.73+1.34BHP ahead
2025-08-1195.3087.78+1.57BHP ahead
2025-08-0894.4991.42+0.23near the usual relationship
2025-08-0793.1589.05+0.55BHP ahead
2025-08-0692.1386.82+0.94BHP ahead
2025-08-0591.4086.33+0.88BHP ahead
2025-08-0492.3084.98+1.59BHP ahead
2025-08-0190.6983.71+1.53BHP ahead
2025-07-3190.5885.99+0.76BHP ahead
2025-07-3090.5482.68+1.85BHP ahead
2025-07-2994.2388.27+1.15BHP ahead
2025-07-2893.4688.68+0.80BHP ahead
2025-07-2595.0189.67+0.95BHP ahead
2025-07-2496.6890.85+1.08BHP ahead
2025-07-2398.8792.08+1.34BHP ahead
2025-07-2298.4390.55+1.69BHP ahead
2025-07-2195.0789.54+1.03BHP ahead
2025-07-1892.6788.07+0.79BHP ahead
2025-07-1792.4088.14+0.69BHP ahead
2025-07-1691.4788.27+0.36near the usual relationship
2025-07-1590.0489.09-0.34near the usual relationship
2025-07-1492.8191.31-0.18near the usual relationship
2025-07-1193.1092.79-0.54SCCO ahead
2025-07-1092.0893.39-1.03SCCO ahead
2025-07-0988.6891.25-1.45SCCO ahead
2025-07-0888.2494.06-2.48SCCO ahead
2025-07-0788.2995.44-2.94SCCO ahead
2025-07-0390.3196.68-2.71SCCO ahead
2025-07-0290.6996.89-2.70SCCO ahead
2025-07-0187.0093.24-2.85SCCO ahead
2025-06-3085.9792.39-3.00SCCO ahead
2025-06-2786.9193.62-3.14SCCO ahead
2025-06-2686.4195.56-4.11SCCO ahead
2025-06-2583.5588.66-2.82SCCO ahead
2025-06-2484.5488.50-2.41SCCO ahead
2025-06-2383.7186.44-1.97SCCO ahead
2025-06-2082.4885.35-2.07SCCO ahead
2025-06-1885.1386.99-1.66SCCO ahead
2025-06-1785.4187.06-1.59SCCO ahead
2025-06-1687.4288.08-1.21SCCO ahead
2025-06-1386.7986.54-0.85SCCO ahead
2025-06-1289.0487.62-0.40near the usual relationship
2025-06-1190.4787.73+0.10near the usual relationship
2025-06-1090.9589.15-0.27near the usual relationship
2025-06-0989.7088.52-0.50SCCO ahead
2025-06-0688.6387.34-0.46near the usual relationship
2025-06-0589.0887.74-0.44near the usual relationship
2025-06-0487.7785.61-0.10near the usual relationship
2025-06-0386.8884.47+0.02near the usual relationship
2025-06-0288.3684.43+0.61BHP ahead
2025-05-3087.5883.02+0.88BHP ahead
2025-05-2988.0884.37+0.54BHP ahead
2025-05-2887.9583.78+0.73BHP ahead
2025-05-2789.0285.08+0.63BHP ahead
2025-05-2389.1884.33+0.99BHP ahead
2025-05-2287.8682.58+1.19BHP ahead
2025-05-2188.2083.04+1.13BHP ahead
2025-05-2088.8883.72+1.13BHP ahead
2025-05-1990.0183.68+1.55BHP ahead
2025-05-1690.2982.91+1.94BHP ahead
2025-05-1590.3384.21+1.46BHP ahead
2025-05-1489.9285.30+0.93BHP ahead
2025-05-1390.8385.20+1.28BHP ahead
2025-05-1289.2084.26+1.08BHP ahead
2025-05-0987.0081.63+1.29BHP ahead
2025-05-0886.1180.44+1.43BHP ahead
2025-05-0786.4779.87+1.78BHP ahead
2025-05-0687.2982.67+1.04BHP ahead
2025-05-0586.9180.87+1.58BHP ahead
2025-05-0287.2982.32+1.17BHP ahead
2025-05-0185.2982.05+0.59BHP ahead
2025-04-3085.0081.75+0.60BHP ahead
2025-04-2986.8884.81+0.17near the usual relationship
2025-04-2886.5685.68-0.24near the usual relationship
2025-04-2586.1886.10-0.51SCCO ahead
2025-04-2488.1587.52-0.34near the usual relationship
2025-04-2386.4984.25+0.22near the usual relationship
2025-04-2285.1881.38+0.78BHP ahead
2025-04-2183.8279.12+1.14BHP ahead
2025-04-1783.1178.78+1.03BHP ahead
2025-04-1681.5778.71+0.51BHP ahead
2025-04-1582.6879.30+0.69BHP ahead
2025-04-1482.7580.06+0.44near the usual relationship
2025-04-1180.8977.29+0.81BHP ahead
2025-04-1077.7474.74+0.63BHP ahead
2025-04-0979.2877.10+0.30near the usual relationship
2025-04-0871.9069.07+0.65BHP ahead
2025-04-0775.6572.51+0.72BHP ahead
2025-04-0475.2171.59+0.92BHP ahead
2025-04-0383.0979.21+0.87BHP ahead
2025-04-0285.5986.17-0.72SCCO ahead
2025-04-0187.2085.74-0.04near the usual relationship
2025-03-3186.7785.35-0.06near the usual relationship
2025-03-2887.4585.97-0.05near the usual relationship
2025-03-2788.7288.44-0.45near the usual relationship
2025-03-2689.0689.22-0.60SCCO ahead
2025-03-2588.7692.68-1.76SCCO ahead
2025-03-2488.1391.00-1.46SCCO ahead
2025-03-2187.8691.70-1.76SCCO ahead
2025-03-2088.1590.61-1.35SCCO ahead
2025-03-1989.4990.90-1.03SCCO ahead
2025-03-1890.3590.23-0.57SCCO ahead
2025-03-1790.4089.39-0.31near the usual relationship
2025-03-1488.4087.79-0.43near the usual relationship
2025-03-1386.9784.39+0.12near the usual relationship
2025-03-1286.4582.50+0.46near the usual relationship
2025-03-1188.9981.15+1.35BHP ahead
2025-03-1088.6880.79+1.25BHP ahead
2025-03-0789.6783.07+0.85BHP ahead
2025-03-0690.6182.94+0.99BHP ahead
2025-03-0590.6582.64+0.98BHP ahead
2025-03-0487.9978.47+1.26BHP ahead
2025-03-0387.3179.19+0.95BHP ahead
2025-02-2886.6681.21+0.44near the usual relationship
2025-02-2788.2482.64+0.41near the usual relationship
2025-02-2689.7785.16+0.22near the usual relationship
2025-02-2590.6384.95+0.35near the usual relationship
2025-02-2491.3384.84+0.44near the usual relationship
2025-02-2191.9684.85+0.50BHP ahead
2025-02-2093.1589.33+0.02near the usual relationship
2025-02-1991.3188.02-0.06near the usual relationship
2025-02-1892.8588.98+0.00near the usual relationship
2025-02-1492.1588.83-0.08near the usual relationship
2025-02-1392.6589.35-0.10near the usual relationship
2025-02-1290.5686.08+0.04near the usual relationship
2025-02-1189.7484.10+0.16near the usual relationship
2025-02-1090.8588.62-0.25near the usual relationship
2025-02-0790.0188.33-0.31near the usual relationship
2025-02-0690.6186.40-0.05near the usual relationship
2025-02-0589.4785.32-0.06near the usual relationship
2025-02-0489.0885.17-0.09near the usual relationship
2025-02-0387.2282.13+0.03near the usual relationship
2025-01-3187.8683.67-0.08near the usual relationship
2025-01-3088.9384.61-0.08near the usual relationship
2025-01-2987.2283.44-0.14near the usual relationship
2025-01-2887.0882.67-0.08near the usual relationship
2025-01-2789.2085.97-0.22near the usual relationship
2025-01-2489.1588.13-0.43near the usual relationship
2025-01-2388.4388.75-0.56SCCO ahead
2025-01-2287.7287.99-0.56SCCO ahead
2025-01-2189.6090.12-0.59SCCO ahead
2025-01-1789.5489.61-0.56SCCO ahead
2025-01-1688.5988.97-0.59SCCO ahead
2025-01-1589.0488.58-0.52SCCO ahead
2025-01-1488.7087.07-0.43near the usual relationship
2025-01-1388.1386.53-0.44near the usual relationship
2025-01-1086.7786.40-0.54SCCO ahead
2025-01-0887.0987.31-0.60SCCO ahead
2025-01-0786.1385.64-0.55SCCO ahead
2025-01-0686.6885.44-0.49near the usual relationship
2025-01-0387.2584.03-0.33near the usual relationship
2025-01-0287.9784.16-0.30near the usual relationship
2024-12-3187.2983.22-0.28near the usual relationship
2024-12-3087.2083.52-0.32near the usual relationship
2024-12-2787.9785.12-0.39near the usual relationship
2024-12-2688.2286.39-0.48near the usual relationship
2024-12-2488.3486.24-0.46near the usual relationship
2024-12-2388.3385.45-0.41near the usual relationship
2024-12-2087.9584.94-0.41near the usual relationship
2024-12-1987.4984.00-0.38near the usual relationship
2024-12-1888.3184.89-0.39near the usual relationship
2024-12-1791.1788.35-0.45near the usual relationship
2024-12-1691.3788.94-0.48near the usual relationship
2024-12-1392.3791.32-0.58SCCO ahead
2024-12-1293.7692.72-0.59SCCO ahead
2024-12-1195.7594.53-0.59SCCO ahead
2024-12-1095.4693.63-0.55SCCO ahead
2024-12-0996.0996.38-0.69SCCO ahead
2024-12-0691.8891.32-0.64SCCO ahead
2024-12-0593.3092.35-0.62SCCO ahead
2024-12-0494.3292.44-0.57SCCO ahead
2024-12-0394.9692.54-0.55SCCO ahead
2024-12-0294.4891.37-0.51SCCO ahead
2024-11-2994.1291.64-0.55SCCO ahead
2024-11-2792.6091.06-0.61SCCO ahead
2024-11-2691.5189.99-0.62SCCO ahead
2024-11-2593.7893.16-0.68SCCO ahead
2024-11-2293.6091.09-0.58SCCO ahead
2024-11-2192.9991.95-0.67SCCO ahead
2024-11-2093.4494.06-0.77SCCO ahead
2024-11-1994.1794.78-0.77SCCO ahead
2024-11-1893.8393.00-0.70SCCO ahead
2024-11-1592.6790.63-0.64SCCO ahead
2024-11-1493.0591.57-0.67SCCO ahead
2024-11-1393.5392.23-0.69SCCO ahead
2024-11-1294.0393.79-0.76SCCO ahead
2024-11-1195.6995.67-0.77SCCO ahead
2024-11-0898.6697.82-0.74SCCO ahead
2024-11-07103.24103.66-0.81SCCO ahead
2024-11-06100.00100.00-0.79SCCO ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Sep 24, 2025 (BHP +0.4%, SCCO +8.4%); Jan 9, 2026 (BHP -1.9%, SCCO +6.2%); Feb 4, 2026 (BHP -0.7%, SCCO -9.0%). Upcoming earnings: BHP Nov 17, 2026 (not-supplied).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

3 simulated trades to Nov 3, 2026: +3.46% per trade on average after costs, 2 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long SCCO · Short BHPAug 18, 2025Sep 11, 2025converged24$727.78-$47.85$693.36 (+6.93%)
Long BHP · Short SCCOJul 1, 2025Jul 17, 2025converged16$1,111.63-$46.05$1,056.66 (+10.57%)
Long BHP · Short SCCOJun 23, 2025Jun 27, 2025divergence stop4-$664.89-$46.37-$713.50 (-7.13%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

BHP and SCCO at a glance

BHP BHP Group Limited

Listing
NYSE · SEC CIK 811809
Industry
Coal Mining · SIC 1000 Metal Mining
Market value
$198.6B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

SCCO Southern Copper Corporation

Listing
NYSE · SEC CIK 1001838
Industry
Metal Mining · SIC 1000 Metal Mining
Market value
$146.5B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
SCCO / FCXMeasured twinFCX by 0.68 sdMetal Mining
BHP / RIOWatchlistBHP by 1.87 sdSIC 1000 Metal Mining
SCCO / RIOWatchlistSCCO by 0.45 sdMetal Mining

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.