EasyCompare

Relative Intelligence · Metals & Mining

How BHP Group (BHP) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on BHP alone. It places BHP (BHP Group Limited) against 19 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where BHP stands in the market, and of the alternatives worth a closer look.

Period covered: BHP's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against BHP →Chart BHP vs. 19 alternatives →
On this page12 sections

Key findings

How much would $10,000 in BHP have grown?

This chart tracks a hypothetical $10,000 investment in BHP over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of BHP over the same span and BHP's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 133 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of BHP; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000$1M199720022007201220172022$10,000$100,000$1M19972004201120182025
  • SCCO$3M+26,680% total · +21.3% a year
  • RS$621,583+6,116% total · +15.3% a year
  • CAT$615,591+6,056% total · +15.3% a year
  • STLD$598,980+5,890% total · +15.2% a year
  • DE$436,954+4,270% total · +13.9% a year
  • BHP$430,670+4,207% total · +13.9% a year
  • NUE$361,333+3,513% total · +13.2% a year
  • CCJ$206,845+1,968% total · +11.0% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • FCX$86,132+761% total · +7.7% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 544 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of BHP; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000$70,000202120222023202420252026$0$20,000$40,000$60,000$80,000202120222023202420252026
  • SCCO$47,048+370% total · +36.3% a year
  • CAT$46,130+361% total · +35.8% a year
  • HBM$43,240+332% total · +34.0% a year
  • STLD$40,782+308% total · +32.5% a year
  • CCJ$40,386+304% total · +32.2% a year
  • RS$29,255+193% total · +23.9% a year
  • NUE$25,527+155% total · +20.6% a year
  • BHP$24,178+142% total · +19.3% a year
  • FCX$23,053+131% total · +18.2% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
Change the dates or add tickers to this chart in EasyCompare

BHP at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$208B
Industry
Industrial Materials
Price history from
October 1986

Returns

Past 1 year
+50.2%total return
Past 3 years
+71.0%+19.6% a year
Past 5 years
+115%+16.6% a year
Past 10 years
+398%+17.4% a year
Best calendar year
+91.5%1999
Worst calendar year
−38.1%2015
Losing years
9 of 29full calendar years

Risk

Volatility
31.4%typical yearly swing, 5 years
Sharpe ratio
0.65return per unit of risk, 5 years
Worst decline ever
−75.7%Apr 2011 to Jan 2016
From its all-time high
−15.3%below the peak

BHP against the whole market

Where BHP ranks among every stock and fund, and what across the market has done better.

How does BHP rank among all stocks?

This section ranks BHP on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how BHP stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureBHPRankStanding
1-year return+50.2%549 of 3,287top 17%
3-year return+71.0%1,234 of 3,017top 41%
5-year return+115%603 of 2,893top 21%
10-year return+398%420 of 2,202top 19%
Volatility, 5 years31.4%852 of 2,893top 29%
Sharpe ratio, 5 years0.65567 of 2,893top 20%
Worst decline, past 10 years−44.3%270 of 2,187top 12%

What has beaten BHP on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). BHP sits where the dashed lines cross. Anything in the green box above and to the left earned more than BHP with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to BHP; faint dots are 91 more of the 124 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than BHPVGT: +18.4% a year, volatility 26.0%PGR: +21.3% a year, volatility 25.6%COR: +24.2% a year, volatility 22.8%EWT: +20.4% a year, volatility 24.2%FLTW: +21.8% a year, volatility 24.3%XOM: +27.1% a year, volatility 26.5%ABBV: +26.1% a year, volatility 23.4%PM: +21.0% a year, volatility 23.4%SHEL: +21.0% a year, volatility 24.8%WMT: +20.8% a year, volatility 22.6%SMFG: +33.7% a year, volatility 29.4%VRTX: +22.6% a year, volatility 29.1%TRV: +22.4% a year, volatility 22.3%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%MFC: +22.6% a year, volatility 24.0%WAB: +25.6% a year, volatility 26.2%CCEP: +19.7% a year, volatility 23.2%AMGN: +19.6% a year, volatility 24.9%SDCI: +20.6% a year, volatility 18.4%KOF: +22.3% a year, volatility 24.7%IHG: +21.4% a year, volatility 26.6%PAA: +27.0% a year, volatility 25.6%UNM: +30.6% a year, volatility 29.3%RGA: +19.7% a year, volatility 27.3%EHC: +18.4% a year, volatility 26.8%PCAR: +17.9% a year, volatility 26.1%PSO: +18.5% a year, volatility 27.9%MSGS: +18.4% a year, volatility 25.6%NEU: +21.0% a year, volatility 26.8%PAGP: +26.8% a year, volatility 26.1%SPMO: +18.7% a year, volatility 20.8%DTM: +24.5% a year, volatility 25.2%OFG: +19.5% a year, volatility 28.7%DMLP: +21.1% a year, volatility 29.1%ACT: +20.5% a year, volatility 24.3%AAPL: +18.5% a year, volatility 28.0%HBT: +18.9% a year, volatility 28.7%QTUM: +22.8% a year, volatility 28.1%CRAK: +19.8% a year, volatility 20.9%EPU: +29.5% a year, volatility 24.9%MPLX: +23.5% a year, volatility 18.8%FBIZ: +23.1% a year, volatility 29.4%BWFG: +20.1% a year, volatility 28.5%DBJP: +20.9% a year, volatility 19.2%HSBC: +33.1% a year, volatility 25.9%CVX: +19.5% a year, volatility 25.2%MUFG: +33.2% a year, volatility 29.4%WELL: +26.0% a year, volatility 23.8%GS: +19.6% a year, volatility 28.6%TJX: +19.9% a year, volatility 22.3%TTE: +18.0% a year, volatility 25.8%PH: +27.4% a year, volatility 28.8%BTI: +18.7% a year, volatility 22.0%MO: +17.8% a year, volatility 21.4%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%CM: +19.2% a year, volatility 21.6%TT: +22.7% a year, volatility 27.7%GWW: +26.3% a year, volatility 24.9%HLT: +21.0% a year, volatility 26.8%KMI: +18.7% a year, volatility 22.5%AFL: +19.0% a year, volatility 20.8%CMI: +19.9% a year, volatility 29.0%ROST: +18.1% a year, volatility 29.5%ETR: +19.2% a year, volatility 22.4%XLE: +22.6% a year, volatility 25.5%CBOE: +21.5% a year, volatility 25.1%IX: +17.9% a year, volatility 25.4%ACGL: +20.1% a year, volatility 24.5%WRB: +18.9% a year, volatility 22.9%BCH: +25.2% a year, volatility 28.2%WES: +23.5% a year, volatility 27.6%CLH: +23.1% a year, volatility 28.6%RTX: +18.6% a year, volatility 24.3%RNR: +20.1% a year, volatility 27.8%BSAC: +19.5% a year, volatility 29.0%ARMK: +17.9% a year, volatility 28.5%ENSG: +19.8% a year, volatility 26.8%AM: +20.0% a year, volatility 25.9%BPOP: +17.7% a year, volatility 29.7%AIRR: +18.3% a year, volatility 25.9%PSMT: +18.6% a year, volatility 28.2%CNO: +18.8% a year, volatility 28.1%MLPX: +18.6% a year, volatility 19.7%SKT: +19.3% a year, volatility 29.7%EUFN: +18.5% a year, volatility 21.8%BLX: +31.4% a year, volatility 25.9%EWP: +19.2% a year, volatility 20.3%BFC: +19.0% a year, volatility 27.3%FTXN: +17.9% a year, volatility 29.0%BHP: +16.6% a year, volatility 31.4%SPY (S&P 500): +12.7% a year, volatility 17.1%SCCO: +32.0% a year, volatility 40.7%DE: +14.4% a year, volatility 29.9%STLD: +32.2% a year, volatility 38.0%NUE: +21.7% a year, volatility 37.4%FCX: +13.7% a year, volatility 44.9%CAT: +31.1% a year, volatility 31.9%RS: +24.8% a year, volatility 28.1%GLD: +17.7% a year, volatility 18.9%MOG-A: +36.6% a year, volatility 32.0%ATI: +61.8% a year, volatility 42.9%HWM: +47.3% a year, volatility 32.5%PPA: +16.3% a year, volatility 18.9%LLY: +40.7% a year, volatility 32.8%NHC: +32.0% a year, volatility 28.5%DXJ: +26.6% a year, volatility 19.1%MCK: +38.7% a year, volatility 25.0%GILD: +22.8% a year, volatility 24.9%CASY: +29.9% a year, volatility 29.3%MPC: +51.2% a year, volatility 33.4%RSPT: +16.9% a year, volatility 25.1%CAH: +42.1% a year, volatility 24.7%CW: +30.8% a year, volatility 28.7%BHPSPY (S&P 500)SCCODESTLDNUEFCXCATRSGLDMOG-AATIHWMPPALLYNHCDXJMCKGILDMPCRSPTCAHCW10.0%20.0%30.0%40.0%50.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than BHPVGT: +18.4% a year, volatility 26.0%PGR: +21.3% a year, volatility 25.6%COR: +24.2% a year, volatility 22.8%EWT: +20.4% a year, volatility 24.2%FLTW: +21.8% a year, volatility 24.3%XOM: +27.1% a year, volatility 26.5%ABBV: +26.1% a year, volatility 23.4%PM: +21.0% a year, volatility 23.4%SHEL: +21.0% a year, volatility 24.8%WMT: +20.8% a year, volatility 22.6%SMFG: +33.7% a year, volatility 29.4%VRTX: +22.6% a year, volatility 29.1%TRV: +22.4% a year, volatility 22.3%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%MFC: +22.6% a year, volatility 24.0%WAB: +25.6% a year, volatility 26.2%CCEP: +19.7% a year, volatility 23.2%AMGN: +19.6% a year, volatility 24.9%SDCI: +20.6% a year, volatility 18.4%KOF: +22.3% a year, volatility 24.7%IHG: +21.4% a year, volatility 26.6%PAA: +27.0% a year, volatility 25.6%UNM: +30.6% a year, volatility 29.3%RGA: +19.7% a year, volatility 27.3%EHC: +18.4% a year, volatility 26.8%PCAR: +17.9% a year, volatility 26.1%PSO: +18.5% a year, volatility 27.9%MSGS: +18.4% a year, volatility 25.6%NEU: +21.0% a year, volatility 26.8%PAGP: +26.8% a year, volatility 26.1%SPMO: +18.7% a year, volatility 20.8%DTM: +24.5% a year, volatility 25.2%OFG: +19.5% a year, volatility 28.7%DMLP: +21.1% a year, volatility 29.1%ACT: +20.5% a year, volatility 24.3%AAPL: +18.5% a year, volatility 28.0%HBT: +18.9% a year, volatility 28.7%QTUM: +22.8% a year, volatility 28.1%CRAK: +19.8% a year, volatility 20.9%EPU: +29.5% a year, volatility 24.9%MPLX: +23.5% a year, volatility 18.8%FBIZ: +23.1% a year, volatility 29.4%BWFG: +20.1% a year, volatility 28.5%DBJP: +20.9% a year, volatility 19.2%HSBC: +33.1% a year, volatility 25.9%CVX: +19.5% a year, volatility 25.2%MUFG: +33.2% a year, volatility 29.4%WELL: +26.0% a year, volatility 23.8%GS: +19.6% a year, volatility 28.6%TJX: +19.9% a year, volatility 22.3%TTE: +18.0% a year, volatility 25.8%PH: +27.4% a year, volatility 28.8%BTI: +18.7% a year, volatility 22.0%MO: +17.8% a year, volatility 21.4%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%CM: +19.2% a year, volatility 21.6%TT: +22.7% a year, volatility 27.7%GWW: +26.3% a year, volatility 24.9%HLT: +21.0% a year, volatility 26.8%KMI: +18.7% a year, volatility 22.5%AFL: +19.0% a year, volatility 20.8%CMI: +19.9% a year, volatility 29.0%ROST: +18.1% a year, volatility 29.5%ETR: +19.2% a year, volatility 22.4%XLE: +22.6% a year, volatility 25.5%CBOE: +21.5% a year, volatility 25.1%IX: +17.9% a year, volatility 25.4%ACGL: +20.1% a year, volatility 24.5%WRB: +18.9% a year, volatility 22.9%BCH: +25.2% a year, volatility 28.2%WES: +23.5% a year, volatility 27.6%CLH: +23.1% a year, volatility 28.6%RTX: +18.6% a year, volatility 24.3%RNR: +20.1% a year, volatility 27.8%BSAC: +19.5% a year, volatility 29.0%ARMK: +17.9% a year, volatility 28.5%ENSG: +19.8% a year, volatility 26.8%AM: +20.0% a year, volatility 25.9%BPOP: +17.7% a year, volatility 29.7%AIRR: +18.3% a year, volatility 25.9%PSMT: +18.6% a year, volatility 28.2%CNO: +18.8% a year, volatility 28.1%MLPX: +18.6% a year, volatility 19.7%SKT: +19.3% a year, volatility 29.7%EUFN: +18.5% a year, volatility 21.8%BLX: +31.4% a year, volatility 25.9%EWP: +19.2% a year, volatility 20.3%BFC: +19.0% a year, volatility 27.3%FTXN: +17.9% a year, volatility 29.0%BHP: +16.6% a year, volatility 31.4%SPY (S&P 500): +12.7% a year, volatility 17.1%SCCO: +32.0% a year, volatility 40.7%DE: +14.4% a year, volatility 29.9%STLD: +32.2% a year, volatility 38.0%NUE: +21.7% a year, volatility 37.4%FCX: +13.7% a year, volatility 44.9%CAT: +31.1% a year, volatility 31.9%RS: +24.8% a year, volatility 28.1%GLD: +17.7% a year, volatility 18.9%MOG-A: +36.6% a year, volatility 32.0%ATI: +61.8% a year, volatility 42.9%HWM: +47.3% a year, volatility 32.5%PPA: +16.3% a year, volatility 18.9%LLY: +40.7% a year, volatility 32.8%NHC: +32.0% a year, volatility 28.5%DXJ: +26.6% a year, volatility 19.1%MCK: +38.7% a year, volatility 25.0%GILD: +22.8% a year, volatility 24.9%CASY: +29.9% a year, volatility 29.3%MPC: +51.2% a year, volatility 33.4%RSPT: +16.9% a year, volatility 25.1%CAH: +42.1% a year, volatility 24.7%CW: +30.8% a year, volatility 28.7%BHPSPY (S&P 500)SCCOSTLDNUEFCXCATRSGLDMOG-AATIHWMPPALLYNHCDXJMCKGILDMPCRSPTCAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than BHP?

Investments that beat BHP over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat BHP over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks BHP's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than BHP follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than BHP's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× BHP's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than BHP's.

Screen the whole market against BHP for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with BHP?lower diversifies moreExpenseper year
BHPBHP Group Limited · this page
+16.6%31.4%0.65−44.3%+398%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.390.09%
Popular alternativesbest 6 shownThe investments people most often weigh against BHP. 6 of 19 passed at least one test.
SCCOSouthern Copper Corporation · Metals & Mining
Higher return in most periods+32.0%40.7%0.89−55.3%+1,017%0.72—
DEDeere & Company · Industrial Machinery
Higher return in most periods+14.4%29.9%0.60−37.9%+755%0.40—
STLDSteel Dynamics, Inc. · Metals & Mining
Higher return in most periods+32.2%38.0%0.93−68.5%+1,018%0.36—
NUENucor Corporation · Metals & Mining
Higher return in most periods+21.7%37.4%0.72−57.2%+569%0.37—
FCXFreeport-McMoRan Inc. · Metals & Mining
Higher return in most periods+13.7%44.9%0.51−72.6%+650%0.73—
CATCaterpillar Inc. · Industrial Machinery
Higher return, similar volatility+31.1%31.9%1.01−43.4%+936%0.31—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Metals & Mining and the categories next to it (Gold Mining, Aerospace & Defense, Silver, Gold), plus BHP's specific themes. 19 of 82 passed at least one test.
RSReliance Steel & Aluminum Co. · Metals & Mining
Higher return, lower volatilityHigher return in most periods+24.8%28.1%0.93−40.8%+626%0.25—
GLDSPDR Gold Shares · Gold
Higher return, lower volatilityHigher Sharpe, smaller worst decline+17.7%18.9%0.96−26.4%+213%0.510.40%
MOG-AMoog Inc. · Aerospace & Defense
Higher return, similar volatilityHigher return in most periods+36.6%32.0%1.14−63.7%+595%0.29—
ATIATI Inc. · Metals & Mining
On the frontierHigher return in most periods+61.8%42.9%1.34−82.4%+929%0.36—
HWMHowmet Aerospace Inc. · Aerospace & Defense
On the frontierHigher return, similar volatility+47.3%32.5%1.36−68.9%+1,028%0.24—
PPAInvesco Aerospace & Defense ETF · Aerospace & Defense
Similar return, lower volatility+16.3%18.9%0.90−43.9%+344%0.360.58%
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 321 of 3,532 passed at least one test.
LLYEli Lilly and Company · Pharmaceuticals
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%-0.08—
NHCNational HealthCare Corporation · Medical - Care Facilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+32.0%28.5%1.12−35.3%+394%0.20—
DXJWisdomTree Japan Hedged Equity Fund · International Equity
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+26.6%19.1%1.34−39.1%+428%0.340.48%
MCKMcKesson Corporation · Health Care Distribution
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+38.7%25.0%1.44−38.1%+586%0.01—
GILDGilead Sciences, Inc. · Biotechnology
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+22.8%24.9%0.95−30.5%+200%0.21—
CASYCasey's General Stores, Inc. · Convenience Stores
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+29.9%29.3%1.04−36.1%+537%0.13—
MPCMarathon Petroleum Corporation · Oil & Gas
On the frontierHigher return, similar volatilityHigher return in most periods+51.2%33.4%1.41−79.7%+1,387%0.25—
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+16.9%25.1%0.75−33.7%+572%0.410.40%
What these numbers mean for BHP
Annual return
BHP returned 16.6% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $21,500. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
BHP's volatility over the past 5 years was 31.4%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, BHP's return lands within 31.4% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
BHP's Sharpe ratio over the past 5 years was 0.65, against 0.79 for the S&P 500, so BHP earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
BHP's worst fall from a peak to a low over the past 10 years was 44.3%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 44.3% fall takes a 79.5% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, BHP's monthly returns had a correlation of 0.39 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against BHP instead: the lower it is, the more that option would diversify a BHP holding. Guide: Correlation and diversification →
Show all 124 stocks and funds worth at least $500 million that earned more than BHP with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with BHPExpense
1
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+394%0.20—
2
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.340.48%
3
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.01—
4
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.21—
5
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.300.09%
6
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.02—
7
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.18—
8
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%0.570.59%
9
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.02—
10
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.570.19%
11
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%0.15—
12
CASYCasey's General Stores, Inc. · Convenience Stores
Whole market+29.9%29.3%1.04−36.1%+537%0.13—
13
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.22—
14
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.21—
15
SHELShell plc · Integrated Oil & Gas
Whole market+21.0%24.8%0.90−67.2%+233%0.17—
16
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.07—
17
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.28—
18
VRTXVertex Pharmaceuticals Incorporated · Biotechnology
Whole market+22.6%29.1%0.85−41.6%+521%0.23—
19
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.15—
20
MARMarriott International, Inc. · Hotels & Resorts
Whole market+22.0%28.6%0.84−61.3%+544%0.23—
21
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.31—
22
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.32—
23
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Whole market+25.6%26.2%1.00−64.1%+264%0.38—
24
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.25—
25
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.29—
26
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—0.230.80%
27
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Whole market+22.3%24.7%0.94−55.1%+119%0.44—
28
IHGInterContinental Hotels Group PLC · Hotels & Resorts
Whole market+21.4%26.6%0.86−59.3%+383%0.29—
29
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Whole market+27.0%25.6%1.06−87.9%+64.0%0.10—
30
UNMUnum Group · Life Insurance
Whole market+30.6%29.3%1.06−81.0%+256%-0.05—
31
RGAReinsurance Group of America, Incorporated · Insurance
Whole market+19.7%27.3%0.80−65.8%+199%0.11—
32
EHCEncompass Health Corporation · Health Care Facilities
Whole market+18.4%26.8%0.77−39.5%+340%0.19—
33
PCARPACCAR Inc · Commercial Vehicles
Whole market+17.9%26.1%0.76−37.9%+314%0.30—
34
PSOPearson plc · Education Services
Whole market+18.5%27.9%0.75−58.4%+155%0.16—
35
MSGSMadison Square Garden Sports Corp. · Entertainment
Whole market+18.4%25.6%0.79−41.6%+432%0.26—
36
NEUNewMarket Corporation · Specialty Chemicals
Whole market+21.0%26.8%0.85−40.7%+165%0.10—
37
PAGPPlains GP Holdings LP · Oil & Gas Midstream
Whole market+26.8%26.1%1.05−88.0%+56.3%0.13—
38
RSReliance Steel & Aluminum Co. · Metals & Mining
Same or nearby category+24.8%28.1%0.93−40.8%+626%0.25—
39
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.210.13%
40
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.13—
41
GLDSPDR Gold Shares · Gold
Same or nearby category+17.7%18.9%0.96−26.4%+213%0.510.40%
42
OFGOFG Bancorp · Banks - Regional
Whole market+19.5%28.7%0.77−61.2%+580%0.15—
43
DMLPDorchester Minerals, L.P. · Oil & Gas Exploration & Production
Whole market+21.1%29.1%0.81−56.8%+435%0.28—
44
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.16—
45
AAPLApple Inc. · Computer Hardware
Whole market+18.5%28.0%0.75−38.5%+1,168%0.21—
46
HBTHBT Financial, Inc. · Banks - Regional
Whole market+18.9%28.7%0.75−54.0%—0.08—
47
QTUMDefiance Quantum ETF · Technology
Whole market+22.8%28.1%0.87−38.5%—0.360.40%
48
CRAKVanEck Oil Refiners ETF · Energy
Whole market+19.8%20.9%0.97−58.8%+336%0.370.61%
49
EPUiShares MSCI Peru and Global Exposure ETF · International
Whole market+29.5%24.9%1.17−51.0%+275%0.690.59%
50
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.18—
51
FBIZFirst Business Financial Services, Inc. · Banks - Regional
Whole market+23.1%29.4%0.85−50.2%+307%0.13—
52
BWFGBankwell Financial Group, Inc. · Banks - Regional
Whole market+20.1%28.5%0.79−64.7%+240%0.12—
53
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.300.45%
54
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+319%0.46—
55
CVXChevron Corporation · Integrated Oil & Gas
Whole market+19.5%25.2%0.84−55.8%+238%0.27—
56
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+483%0.28—
57
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.36—
58
GSThe Goldman Sachs Group, Inc. · Capital Markets
Whole market+19.6%28.6%0.77−48.8%+521%0.23—
59
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.14—
60
TTETotalEnergies SE · Integrated Oil & Gas
Whole market+18.0%25.8%0.78−59.6%+234%0.26—
61
PHParker-Hannifin Corporation · Industrial Machinery
Whole market+27.4%28.8%0.99−54.7%+789%0.12—
62
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+18.7%22.0%0.90−56.1%+98.2%0.14—
63
MOAltria Group, Inc. · Tobacco
Whole market+17.8%21.4%0.88−53.7%+140%0.14—
64
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.31—
65
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Whole market+24.6%24.0%1.04−68.1%+288%0.24—
66
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.41—
67
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.23—
68
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.16—
69
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+694%0.24—
70
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Whole market+18.7%22.5%0.88−55.1%+163%0.29—
71
AFLAflac Incorporated · Life Insurance
Whole market+19.0%20.8%0.95−54.9%+335%0.31—
72
CMICummins Inc. · Industrial Machinery
Whole market+19.9%29.0%0.77−44.0%+444%0.22—
73
ROSTRoss Stores, Inc. · Specialty Retail
Whole market+18.1%29.5%0.71−51.4%+312%0.23—
74
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.26—
75
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Whole market+22.6%25.5%0.93−66.8%+189%0.270.08%
76
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+21.5%25.1%0.91−43.2%+463%0.14—
77
IXORIX Corporation · Diversified Financials
Whole market+17.9%25.4%0.78−42.5%+284%0.46—
78
ACGLArch Capital Group Ltd. · Property & Casualty Insurance
Whole market+20.1%24.5%0.87−53.8%+309%0.02—
79
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.04—
80
BCHBanco de Chile · Banks
Whole market+25.2%28.2%0.94−58.4%+180%0.26—
81
WESWestern Midstream Partners, LP · Oil & Gas Midstream
Whole market+23.5%27.6%0.91−91.9%+128%0.18—
82
CLHClean Harbors, Inc. · Environmental Services
Whole market+23.1%28.6%0.88−64.5%+588%0.24—
83
RTXRTX Corporation · Aerospace & Defense
Same or nearby category+18.6%24.3%0.83−52.0%+317%0.15—
84
RNRRenaissanceRe Holdings Ltd. · Insurance
Whole market+20.1%27.8%0.80−40.7%+215%0.21—
85
BSACBanco Santander-Chile · Banks
Whole market+19.5%29.0%0.76−63.9%+154%0.35—
86
ARMKAramark · Food Services
Whole market+17.9%28.5%0.72−72.3%+137%0.37—
87
ENSGThe Ensign Group, Inc. · Health Care Facilities
Whole market+19.8%26.8%0.81−55.5%+896%0.26—
88
AMAntero Midstream Corporation · Oil & Gas Midstream
Whole market+20.0%25.9%0.84−92.9%—0.26—
89
BPOPPopular, Inc. · Regional Banks
Whole market+17.7%29.7%0.70−59.0%+448%0.21—
90
AIRRFirst Trust RBA American Industrial RenaissanceTM ETF · US Industrials
Whole market+18.3%25.9%0.78−42.4%+407%0.310.69%
91
CWCurtiss-Wright Corporation · Aerospace & Defense
Same or nearby category+30.8%28.7%1.08−48.7%+512%0.19—
92
PSMTPriceSmart, Inc. · Discount Retail
Whole market+18.6%28.2%0.75−53.2%+124%0.33—
93
CNOCNO Financial Group, Inc. · Life Insurance
Whole market+18.8%28.1%0.76−63.8%+342%0.20—
94
MLPXGlobal X - MLP & Energy Infrastructure ETF · Energy
Whole market+18.6%19.7%0.97−64.6%+186%0.290.45%
95
SKTTanger Inc. · REIT - Retail
Whole market+19.3%29.7%0.74−85.9%+60.5%0.25—
96
EUFNiShares MSCI Europe Financials ETF · Financial Sector Equity
Whole market+18.5%21.8%0.89−53.2%+233%0.460.49%
97
BLXBladex, Inc. · Banks - Regional
Whole market+31.4%25.9%1.19−68.5%+290%0.10—
98
EWPiShares MSCI Spain ETF · Broad Market
Whole market+19.2%20.3%0.97−46.4%+196%0.490.50%
99
BFCBank First Corporation · Banks - Regional
Whole market+19.0%27.3%0.78−39.8%+496%0.08—
100
FTXNFirst Trust Nasdaq Oil & Gas ETF · Energy
Whole market+17.9%29.0%0.72−73.5%+164%0.250.60%

BHP against its popular alternatives

The investments people most often weigh against BHP, compared period by period and year by year.

How do BHP's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at BHP, which divides the map into what did better or worse on each measure.

Green points earned more than BHP with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%−5.0%0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityBHP: 16.6% a year, volatility 31.4%SPY (S&P 500): 12.7% a year, volatility 17.1%FCX: 13.7% a year, volatility 44.9%ERO: 9.8% a year, volatility 56.0%SBSW: −5.0% a year, volatility 60.5%NXE: 6.0% a year, volatility 56.9%UUUU: −1.1% a year, volatility 72.4%MP: 1.5% a year, volatility 70.3%VALE: 7.4% a year, volatility 35.0%NTR: 2.6% a year, volatility 34.2%STLD: 32.2% a year, volatility 38.0%SCCO: 32.0% a year, volatility 40.7%NUE: 21.8% a year, volatility 37.4%HBM: 26.3% a year, volatility 55.8%CCJ: 24.9% a year, volatility 49.3%CAT: 31.1% a year, volatility 31.9%DE: 14.4% a year, volatility 29.9%HL: 21.5% a year, volatility 60.2%CDE: 18.3% a year, volatility 69.4%TECK: 19.2% a year, volatility 45.3%RIO: 12.2% a year, volatility 29.0%BHPSPY (S&P 500)FCXEROSBSWNXEUUUUMPVALENTRSTLDNUEHBMCCJCATDEHLCDETECKRIO0.0%20.0%40.0%60.0%80.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityBHP: 16.6% a year, volatility 31.4%SPY (S&P 500): 12.7% a year, volatility 17.1%FCX: 13.7% a year, volatility 44.9%ERO: 9.8% a year, volatility 56.0%SBSW: −5.0% a year, volatility 60.5%NXE: 6.0% a year, volatility 56.9%UUUU: −1.1% a year, volatility 72.4%MP: 1.5% a year, volatility 70.3%VALE: 7.4% a year, volatility 35.0%NTR: 2.6% a year, volatility 34.2%STLD: 32.2% a year, volatility 38.0%SCCO: 32.0% a year, volatility 40.7%NUE: 21.8% a year, volatility 37.4%HBM: 26.3% a year, volatility 55.8%CCJ: 24.9% a year, volatility 49.3%CAT: 31.1% a year, volatility 31.9%DE: 14.4% a year, volatility 29.9%HL: 21.5% a year, volatility 60.2%CDE: 18.3% a year, volatility 69.4%TECK: 19.2% a year, volatility 45.3%RIO: 12.2% a year, volatility 29.0%BHPSPY (S&P 500)FCXEROSBSWNXEUUUUMPVALENTRSTLDSCCONUEHBMCCJCATHLCDETECK
All figures
InvestmentAnnual returnVolatility
STLD Steel Dynamics, Inc.+32.2%38.0%
SCCO Southern Copper Corporation+32.0%40.7%
CAT Caterpillar Inc.+31.1%31.9%
HBM Hudbay Minerals Inc.+26.3%55.8%
CCJ Cameco Corporation+24.9%49.3%
NUE Nucor Corporation+21.8%37.4%
HL Hecla Mining Company+21.5%60.2%
TECK Teck Resources Limited+19.2%45.3%
CDE Coeur Mining, Inc.+18.3%69.4%
BHP This pageBHP Group Limited+16.6%31.4%
DE Deere & Company+14.4%29.9%
FCX Freeport-McMoRan Inc.+13.7%44.9%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
RIO Rio Tinto Group+12.2%29.0%
ERO Ero Copper Corp.+9.8%56.0%
VALE Vale S.A.+7.4%35.0%
NXE NexGen Energy Ltd.+6.0%56.9%
NTR Nutrien Ltd.+2.6%34.2%
MP MP Materials Corp.+1.5%70.3%
UUUU Energy Fuels Inc.−1.1%72.4%
SBSW Sibanye Stillwater Limited−5.0%60.5%
Open these 21 in EasyCompare

Has BHP consistently beaten its popular alternatives?

This section compares BHP with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than BHP helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than BHP over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
BHP BHP Group Limited (this page)—−4.9%+3.9%+5.1%+38.1%+50.2%+71.0%+115%+398%31.4%0.65−44.3%—$208B—
STLD QualifiedSteel Dynamics, Inc.5/5 short3/3 longAll-weather+6.5%+6.3%+17.3%+39.9%+68.9%+157%+304%+1,018%38.0%0.93−68.5%—$35B—
SCCO QualifiedSouthern Copper Corporation5/5 short3/3 longAll-weather+2.2%+17.6%+9.6%+39.9%+56.5%+233%+301%+1,017%40.7%0.89−55.3%—$171B—
NUE QualifiedNucor Corporation5/5 short3/3 longAll-weather+8.1%+13.6%+29.9%+55.6%+93.7%+92.9%+167%+569%37.4%0.72−57.2%—$59B—
FCX QualifiedFreeport-McMoRan Inc.3/5 short2/3 long−4.3%+17.4%−1.4%+33.9%+64.8%+111%+89.6%+650%44.9%0.51−72.6%—$99B—
HBM CopperHudbay Minerals Inc.1/5 short3/3 long−11.2%+13.6%−7.8%+17.9%+44.2%+445%+221%+493%55.8%0.70−86.3%—$11B—
CCJ UraniumCameco Corporation0/5 short3/3 long−13.6%−5.1%−34.9%−18.3%−6.1%+112%+203%+961%49.3%0.70−57.2%—$35B—
CAT Agricultural - MachineryCaterpillar Inc.0/5 short3/3 long−11.2%−15.9%−8.8%+22.2%+37.7%+203%+288%+936%31.9%1.01−43.4%—$333B—
DE Agricultural - MachineryDeere & Company2/5 short2/3 long−7.5%+8.1%+6.9%+36.5%+38.3%+75.4%+96.1%+755%29.9%0.60−37.9%—$170B—
HL Other Precious MetalsHecla Mining Company1/5 short2/3 long−18.1%+5.1%−22.3%−20.4%+3.8%+256%+165%+161%60.2%0.63−82.4%—$10B—
CDE GoldCoeur Mining, Inc.1/5 short2/3 long−22.5%+6.9%−23.4%−13.7%−31.3%+480%+131%+33.9%69.4%0.59−83.3%—$16B—
TECK CopperTeck Resources Limited3/5 short1/3 long−3.6%+18.2%+9.1%+34.5%+46.2%+68.6%+141%+259%45.3%0.61−79.6%—$31B—
ERO CopperEro Copper Corp.2/5 short1/3 long−5.2%+31.1%+15.9%+13.3%+45.0%+138%+59.8%—56.0%0.45−67.2%—$3.4B—
SBSW Other Precious MetalsSibanye Stillwater Limited1/5 short1/3 long−12.2%+27.4%−24.4%−27.6%−9.8%+89.7%−22.5%+11.3%60.5%0.22−82.7%—$6.9B—
NXE UraniumNexGen Energy Ltd.0/5 short1/3 long−13.5%−2.9%−33.3%−17.3%−2.5%+51.2%+33.8%+542%56.9%0.39−83.0%—$5.7B—
RIO Industrial MaterialsRio Tinto Group0/5 short1/3 long−9.2%+1.1%−9.7%+10.6%+30.1%+69.2%+77.9%+464%29.0%0.54−37.5%—$143B—
UUUU UraniumEnergy Fuels Inc.0/5 short1/3 long−33.3%−30.1%−61.8%−50.8%−63.6%+6.9%−5.6%+433%72.4%0.34−79.3%—$2.2B—
MP Industrial MaterialsMP Materials Corp.0/5 short1/3 long−21.9%−14.6%−41.0%−29.0%−52.9%+127%+7.8%—70.3%0.36−82.0%—$7.0B—
VALE Industrial MaterialsVale S.A.0/5 short0/3 long−8.0%−5.5%−24.9%+1.0%+23.6%+37.8%+42.6%+334%35.0%0.38−57.6%—$55B—
NTR Agricultural InputsNutrien Ltd.0/5 short0/3 long−6.7%+4.4%−1.4%+11.9%+23.9%+30.4%+13.9%—34.2%0.25−58.2%—$33B—
Open these 20 in EasyCompare

How did BHP do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where BHP ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with BHP and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of BHP; gray means the two finished within a fraction of a point. The rank row places BHP among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of BHP20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
BHP This pageBHP Group Limited—+28.9%−24.6%+16.4%+29.4%+2.0%+25.3%+24.6%+10.5%+33.8%+41.9%−38.1%−27.9%−9.8%+14.9%−22.0%+24.5%+85.2%−37.4%+79.4%+21.2%+42.0%+34.3%+62.6%+50.4%+8.7%−16.6%+91.5%−18.9%−32.0%
Rank among alternativesTop quarter in 6 of 2918 of 2016 of 207 of 204 of 2013 of 2014 of 198 of 195 of 189 of 1711 of 1711 of 1713 of 178 of 153 of 155 of 1512 of 1510 of 153 of 157 of 1512 of 148 of 146 of 1410 of 133 of 117 of 115 of 113 of 114 of 119 of 11
SPY S&P 500State Street SPDR S&P 500 ETF12 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
STLD Steel Dynamics, Inc.14 of 29+50.7%−2.0%+22.8%+60.1%+71.4%+12.4%+16.8%−29.0%+23.3%+103%−6.8%+3.5%+46.2%+7.8%−26.1%+5.2%+62.4%−61.8%+86.0%+86.0%−5.2%+66.0%+90.5%+3.8%+5.8%−31.1%+35.7%−26.6%−16.3%
SCCO Southern Copper Corporation17 of 29+66.7%+10.7%+50.3%+4.5%−0.4%+59.0%+44.6%−33.0%+50.3%+23.1%−6.2%−0.3%−22.5%+41.2%−33.4%+56.3%+109%−50.2%+111%+79.5%+60.3%+7.2%+236%+23.5%−4.2%−14.2%+65.5%−26.5%−1.5%
NUE Nucor Corporation14 of 29+42.0%−31.9%+33.8%+17.4%+118%−1.8%+11.9%−16.4%+9.6%+52.2%−14.9%−5.4%+27.6%+13.1%−6.3%−2.8%+4.2%−19.4%+12.8%+70.5%+30.9%+89.1%+37.7%−20.6%+35.7%−26.6%+28.2%−9.4%−4.5%
FCX Freeport-McMoRan Inc.15 of 29+35.4%−9.4%+13.7%−7.3%+61.4%+99.1%+29.6%−45.1%+43.8%+94.9%−70.2%−35.8%+19.9%−4.0%−36.9%+52.7%+228%−75.5%+86.9%+11.6%+49.1%−6.6%+154%+25.5%+56.5%−59.5%+102%−32.9%−45.6%
HBM Hudbay Minerals Inc.11 of 22+145%+47.2%+9.1%−29.9%+3.9%+69.4%−11.5%−46.3%+54.9%+49.3%−55.8%+6.2%−17.8%+3.3%−44.7%+41.9%+407%−87.0%+4.7%+272%+179%−67.5%———————
CCJ Cameco Corporation18 of 29+78.4%+19.5%+90.5%+4.3%+63.2%+51.5%−21.1%+23.5%−9.0%−12.6%−23.1%−19.5%+7.4%+10.8%−54.5%+26.8%+88.8%−56.3%−1.2%+28.1%+82.3%+83.9%+145%−1.3%+44.7%+21.9%−13.2%−43.2%−18.5%
CAT Caterpillar Inc.16 of 29+60.3%+24.7%+25.9%+18.6%+16.0%+27.0%+19.5%−17.6%+75.0%+42.1%−23.0%+3.5%+3.4%+1.6%−1.5%+68.5%+33.2%−36.8%+20.5%+7.8%+20.7%+19.7%+86.1%−9.8%+13.7%+4.1%+4.7%−3.0%+31.2%
DE Deere & Company13 of 29+11.4%+7.6%−5.5%+26.6%+28.9%+58.0%+18.3%−2.9%+54.8%+39.0%−11.3%−0.5%+8.2%+14.3%−5.0%+56.3%+44.8%−58.1%+98.6%+42.3%−6.6%+16.3%+44.4%+7.1%−2.6%+8.1%+34.8%−42.3%+46.1%
HL Hecla Mining Company13 of 29+291%+2.9%−13.3%+7.0%−18.8%+91.8%+44.1%−40.4%−24.0%+177%−31.8%−9.2%−46.9%+12.8%−53.4%+82.3%+121%−70.1%+22.0%+88.7%−30.4%−29.6%+63.7%+439%+88.0%−67.9%−57.1%−26.4%−12.3%
CDE Coeur Mining, Inc.11 of 29+212%+75.1%−3.0%−33.2%−51.3%+28.1%+80.9%−40.5%−17.5%+266%−51.4%−52.9%−55.9%+1.9%−11.7%+51.3%+105%−82.2%−0.2%+23.7%+1.8%−32.0%+201%+140%−14.6%−72.7%−25.7%−48.3%−40.4%
TECK Teck Resources Limited10 of 23+19.2%−2.6%+14.0%+33.8%+59.8%+5.8%−18.7%−16.9%+33.4%+421%−71.1%−44.9%−25.8%+5.9%−42.1%+78.7%+611%−86.1%−2.8%+47.1%+81.7%+87.5%+148%——————
ERO Ero Copper Corp.4 of 8+110%−14.6%+14.8%−10.1%−5.7%−11.0%+152%+21.5%—————————————————————
SBSW Sibanye Stillwater Limited5 of 12+332%−39.3%−46.5%−9.6%−12.4%+61.5%+251%−43.9%−25.7%+20.2%−17.0%+65.1%—————————————————
NXE NexGen Energy Ltd.9 of 12+39.4%−5.7%+58.0%+1.4%+58.3%+116%−28.1%−30.5%+48.8%+239%+69.3%+7.1%—————————————————
RIO Rio Tinto Group18 of 29+44.5%−15.4%+11.1%+18.4%−0.4%+36.2%+37.5%−2.9%+44.9%+39.2%−33.4%−15.3%+0.6%+22.4%−30.5%+35.3%+195%−78.5%+102%+23.6%+57.1%+9.7%+45.6%+5.1%+12.6%−20.9%+115%−8.9%−16.4%
UUUU Energy Fuels Inc.6 of 19+183%−28.6%+15.8%−18.6%+79.1%+123%−33.0%+59.2%+9.2%−44.4%−52.3%+8.6%−36.3%−33.7%−69.3%+282%+35.3%−88.4%−59.5%——————————
MP MP Materials Corp.3 of 5+224%−21.4%−18.3%−46.5%+41.2%————————————————————————
VALE Vale S.A.12 of 23+66.3%−38.8%+1.6%+32.5%−1.7%+32.0%+2.7%+12.3%+62.2%+134%−57.8%−44.1%−23.2%+3.3%−34.0%+21.2%+145%−61.8%+123%+47.5%+46.9%+50.6%+108%——————
NTR Nutrien Ltd.3 of 7+43.3%−17.0%−20.2%−0.6%+60.8%+5.6%+5.6%——————————————————————
Open these 21 in EasyCompare

Risk and diversification

How BHP has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were BHP's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents BHP's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means BHP fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringBHP fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2015 China and oil sell-off−75.7%+54.6%Apr 2011Jan 20164.8 yearsDec 20204.9 years
2008 financial crisis−73.7%−46.5%May 2008Nov 20086 monthsNov 20102 years
No named crash−54.5%+85.0%May 1996Dec 19982.6 yearsJan 200013 months
No named crash−41.6%—Sep 1987Dec 19873 monthsMay 19885 months
Dot-com bust−38.5%−31.9%Jan 2000Sep 200120 monthsFeb 20025 months

How did BHP do in stock market crashes?

This section measures how far BHP, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than BHP.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
BHP This pageBHP Group Limited—−2.2%−31.8%−38.1%−12.8%−6.4%−49.4%−30.7%0.0%−73.7%−32.6%
SPY S&P 500State Street SPDR S&P 500 ETF5 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
STLD Steel Dynamics, Inc.3 of 10−11.7%−30.6%−47.8%−37.1%−3.6%−25.6%−43.0%−0.7%−87.1%−41.6%
SCCO Southern Copper Corporation2 of 10−3.4%−43.0%−38.7%−32.0%−5.3%−26.0%−32.9%−0.4%−78.5%−42.5%
NUE Nucor Corporation3 of 10−10.3%−40.8%−41.5%−23.5%−6.0%−24.3%−23.9%0.0%−68.3%−44.8%
FCX Freeport-McMoRan Inc.0 of 10−7.2%−51.3%−56.1%−32.8%−8.4%−72.2%−46.7%−2.1%−86.4%−51.4%
HBM Hudbay Minerals Inc.0 of 9−9.2%−63.3%−57.9%−30.1%−10.0%−74.5%−38.9%0.0%−91.9%—
CCJ Cameco Corporation1 of 10−3.5%−34.8%−40.3%−14.9%−7.9%−26.4%−38.7%−0.3%−76.9%−47.3%
CAT Caterpillar Inc.3 of 10−9.7%−30.1%−33.1%−28.5%−7.3%−26.0%−33.2%−2.2%−73.3%−42.5%
DE Deere & Company3 of 10−6.7%−33.8%−37.4%−17.5%−6.9%−24.9%−24.2%0.0%−73.3%−37.3%
HL Hecla Mining Company3 of 100.0%−52.0%−51.5%−27.1%−5.1%−42.1%−38.6%−1.5%−91.9%−66.6%
CDE Coeur Mining, Inc.1 of 10−1.4%−51.7%−59.3%−34.4%−12.3%−56.0%−30.5%−1.9%−93.0%−83.2%
TECK Teck Resources Limited0 of 9−8.2%−43.6%−54.0%−26.9%−8.1%−65.4%−48.9%0.0%−94.8%—
ERO Ero Copper Corp.0 of 5−6.2%−49.1%−53.9%−29.2%−6.3%—————
SBSW Sibanye Stillwater Limited2 of 60.0%−57.3%−72.2%−33.6%−9.0%−34.2%————
NXE NexGen Energy Ltd.1 of 6−4.6%−44.7%−50.9%−36.4%−6.3%−35.4%————
RIO Rio Tinto Group3 of 10−2.6%−35.3%−30.0%−13.2%−5.3%−43.9%−41.3%0.0%−89.0%−33.9%
UUUU Energy Fuels Inc.1 of 9−10.2%−54.9%−41.2%−36.9%−2.4%−56.1%−49.9%−4.9%−96.4%—
MP MP Materials Corp.0 of 2−7.9%−53.6%————————
VALE Vale S.A.1 of 9−3.1%−41.4%−45.5%−20.9%−5.3%−61.1%−33.4%−0.8%−79.5%—
NTR Nutrien Ltd.0 of 5−8.9%−36.9%−41.9%−24.8%−10.9%—————
Open these 21 in EasyCompare

How closely does BHP move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares BHP with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than BHP's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
BHP This pageBHP Group Limited106%97%1.100.87
DE Deere & Company110%66%1.670.98
CCJ Cameco Corporation124%81%1.531.04
SCCO Southern Copper Corporation139%103%1.351.13
RIO Rio Tinto Group98%72%1.350.63
CAT Caterpillar Inc.148%122%1.211.27
STLD Steel Dynamics, Inc.150%129%1.161.48
VALE Vale S.A.100%88%1.130.74
UUUU Energy Fuels Inc.153%164%0.931.66
FCX Freeport-McMoRan Inc.164%181%0.901.74
TECK Teck Resources Limited115%128%0.901.10
NUE Nucor Corporation154%176%0.871.65
NXE NexGen Energy Ltd.165%194%0.851.80
HBM Hudbay Minerals Inc.193%234%0.821.95
HL Hecla Mining Company160%227%0.701.76
CDE Coeur Mining, Inc.126%213%0.591.56
SBSW Sibanye Stillwater Limited89%172%0.521.25
Open these 17 in EasyCompare

What diversifies BHP?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with BHP's. Because such investments tend not to fall at the same time, pairing BHP with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which BHP lost money. The last two columns show a portfolio that is 80% BHP and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20242015201420132011200820001998199780/20 mix volatility80/20 mix annual return
BHP BHP Group Limited (this page)1.00+115%0.65−24.6%−38.1%−27.9%−9.8%−22.0%−37.4%−16.6%−18.9%−32.0%30.2%+19.3%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.34+225%1.34+29.8%+7.7%+8.1%+41.3%−16.1%−20.8%———25.2%+21.5%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.37+101%1.04+33.4%−25.3%+23.8%+16.6%—————25.4%+19.2%
HDV Dividend & IncomeiShares Core High Dividend ETF0.43+83.3%1.00+14.1%−0.3%+12.6%+23.8%—————25.5%+18.5%
SMH TechnologyVanEck Semiconductor ETF0.37+323%0.97+39.1%−0.3%+30.2%+33.4%+6.8%−44.7%———27.5%+24.0%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.48+85.0%0.96+13.4%+4.1%+3.4%+26.4%—————25.3%+18.8%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.21+136%0.93+45.8%————————25.4%+20.7%
XLE EnergyState Street Energy Select Sector SPDR ETF0.27+177%0.93+5.6%−21.5%−8.7%+26.3%+2.8%−39.0%+24.4%——26.1%+21.1%
VTV Broad MarketVanguard Morningstar Value ETF0.46+76.6%0.90+16.0%−1.0%+13.2%+33.1%+1.1%−35.9%———25.6%+18.5%

Stocks

InvestmentCorrelation5Y returnSharpe20242015201420132011200820001998199780/20 mix volatility80/20 mix annual return
BHP BHP Group Limited (this page)1.00+115%0.65−24.6%−38.1%−27.9%−9.8%−22.0%−37.4%−16.6%−18.9%−32.0%30.2%+19.3%
CAH Medical - DistributionCardinal Health, Inc.0.02+479%1.55+19.0%+12.6%+23.0%+66.0%+8.1%−39.6%+108%+51.7%+29.1%24.9%+24.2%
CLS Hardware, Equipment & PartsCelestica Inc.-0.03+3,143%1.47+215%−6.0%+12.9%+27.6%−24.4%−20.5%−2.3%——26.6%+38.0%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.06+1,636%1.46+107%+67.7%−10.4%+61.7%−17.0%−15.2%−71.1%−9.5%—26.3%+33.4%
MCK Medical - DistributionMcKesson Corporation0.01+413%1.44+23.7%−4.5%+29.3%+67.7%+11.8%−40.4%+61.2%+46.9%+96.3%24.8%+23.6%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.25+690%1.41−4.0%+17.4%+0.4%+48.6%—————26.5%+26.0%
Open these 14 in EasyCompare

Common questions

What was BHP's worst drawdown?

BHP's deepest decline since it began trading in 1986 was 75.7%, from April 2011 to January 2016. It took about five years from the low to climb back to its old high.

What were BHP's best and worst years?

Over 29 full calendar years, BHP's best year was 1999, when it returned 91.5%. Its worst was 2015, with a return of -38.1%.

Is there a better investment than BHP?

Among BHP's popular alternatives, CAT earned more than BHP over the past 5 years with similar volatility: 31.1% a year at 31.9% volatility, against 16.6% a year at 31.4%. Looking beyond its popular alternatives, RS (metals & mining) and GLD (gold) earned more than BHP with less volatility over the past 5 years. RS returned 24.8% a year at 28.1% volatility, against 16.6% a year at 31.4%.

Is BHP more volatile than the S&P 500?

Yes. BHP's volatility over the past 5 years was 31.4%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, BHP's return lands within 31.4% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is BHP's Sharpe ratio?

BHP's Sharpe ratio over the past 5 years was 0.65, against 0.79 for the S&P 500, so BHP earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is BHP with the S&P 500?

Over the past 5 years, BHP's monthly returns had a correlation of 0.39 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against BHP instead: the lower it is, the more that option would diversify a BHP holding.

What are the best alternatives to BHP?

Of the 19 popular alternatives we compared, four outperformed BHP in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: STLD, SCCO and NUE.

Did BHP outperform the S&P 500?

BHP finished ahead of the S&P 500 (SPY) in 16 of 29 full calendar years. In 2025, it returned +28.9%, against +17.7% for the index.

How did BHP do in stock market crashes?

BHP fell less than the S&P 500 (SPY) in four of the ten major crashes it has traded through, and further in five. The clearest case was the 2015 China and oil sell-off, when BHP fell 49.4% and the S&P 500 fell 12.8%.

What diversifies BHP?

These had a low correlation with BHP over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.34), EMLP (correlation 0.37) and HDV (correlation 0.43); among large stocks, CAH (correlation 0.02), CLS (correlation -0.03) and FIX (correlation 0.06). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to BHP

Other stocks and ETFs