AUDUSD=X vs. BHP
AUDUSD=X (AUD/USD) is a currency, while BHP (BHP Group Limited) is a stock. Over the past 10 years, AUDUSD=X returned -0.78%/yr vs 20.67%/yr for BHP. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
AUDUSD=X vs. BHP - Performance Comparison
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Returns By Period
In the year-to-date period, AUDUSD=X achieves a 5.59% return, which is significantly lower than BHP's 47.73% return. Over the past 10 years, AUDUSD=X has underperformed BHP with an annualized return of -0.78%, while BHP has yielded a comparatively higher 20.67% annualized return.
AUDUSD=X
- 1D
- 0.66%
- 1M
- 1.74%
- 6M
- 0.36%
- YTD
- 5.59%
- 1Y
- 8.96%
- 3Y*
- 2.39%
- 5Y*
- -0.98%
- 10Y*
- -0.78%
- ALL TIME*
- -0.84%
BHP
- 1D
- 4.74%
- 1M
- 4.96%
- 6M
- 22.60%
- YTD
- 47.73%
- 1Y
- 76.55%
- 3Y*
- 18.95%
- 5Y*
- 15.03%
- 10Y*
- 20.67%
- ALL TIME*
- 11.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AUDUSD=X AUD/USD | $134.09K | $126.28K | $137.81K |
| $206.54M | $202.07M | $229.65M |
AUDUSD=X vs. BHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUDUSD=X AUD/USD | 5.59% | 7.81% | -9.12% | -0.06% | -6.27% | -5.58% | 9.75% | -0.37% | -9.73% | 8.36% |
BHP BHP Group Limited | 47.73% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 25.37% | 24.50% | 10.55% | 33.87% |
Correlation
The correlation between AUDUSD=X and BHP is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2007 | 0.61 |
The correlation between AUDUSD=X and BHP has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
AUDUSD=X vs. BHP — Risk / Return Rank
AUDUSD=X
BHP
AUDUSD=X vs. BHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) and BHP Group Limited (BHP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUDUSD=X | BHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 3.89 | -2.49 |
| Martin ratioReturn relative to average drawdown | 3.33 | 11.88 | -8.56 |
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Drawdowns
AUDUSD=X vs. BHP - Drawdown Comparison
The maximum AUDUSD=X drawdown since its inception was -47.87%, smaller than the maximum BHP drawdown of -76.22%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and BHP.
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Drawdown Indicators
| AUDUSD=X | BHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -76.22% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -19.80% | +14.68% |
Max Drawdown (3Y)Largest decline over 3 years | -13.83% | -37.21% | +23.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -37.21% | +15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -44.29% | +15.11% |
Current DrawdownCurrent decline from peak | -36.04% | -6.11% | -29.93% |
Average DrawdownAverage peak-to-trough decline | -26.15% | -21.24% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 6.46% | -4.36% |
Volatility
AUDUSD=X vs. BHP - Volatility Comparison
The current volatility for AUD/USD (AUDUSD=X) is 1.78%, while BHP Group Limited (BHP) has a volatility of 11.78%. This indicates that AUDUSD=X experiences smaller price fluctuations and is considered to be less risky than BHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUDUSD=X | BHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 11.78% | -10.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 27.83% | -22.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.37% | 33.05% | -25.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.03% | 32.66% | -22.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 32.20% | -22.64% |
Frequently Asked Questions
AUDUSD=X and BHP have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHP has higher volatility (11.78%) compared to AUDUSD=X (1.78%). In terms of maximum drawdown, AUDUSD=X dropped -47.87% vs BHP's -76.22%.
BHP currently has the higher Sharpe Ratio (2.33 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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