Corcovado Volcano (Spanish pronunciation: [koɾkoˈβaðo]) is a stratovolcano located about 25 kilometres (16 mi) south of the mouth of the Yelcho River, in the Palena Province, Los Lagos Region, Chile.

Much of the town was heavily damaged following an explosive eruption of Chaitén Volcano and the resultant lahars in 2008, but has since been rebuilt.

Corcovado is reported to have erupted in 1834 and 1835, based on second-hand accounts collected by Charles Darwin.

Darwin was passing nearby on HMS Beagle, when he experienced the great 1835 Concepción earthquake.

From this, it has been suggested that Corcovado may have erupted, with lava flows from flank cones, but it is likely that these were based on confusion with Michinmahuida volcano.