AUDUSD=X vs. BHP
AUDUSD=X (AUD/USD) is a currency, while BHP (BHP Group) is a stock. Over the past 10 years, AUDUSD=X returned -0.32%/yr vs 22.46%/yr for BHP. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
AUDUSD=X vs. BHP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AUDUSD=X achieves a 6.81% return, which is significantly lower than BHP's 53.45% return. Over the past 10 years, AUDUSD=X has underperformed BHP with an annualized return of -0.32%, while BHP has yielded a comparatively higher 22.46% annualized return.
AUDUSD=X
- 1D
- -0.52%
- 1M
- -0.54%
- YTD
- 6.81%
- 6M
- 7.99%
- 1Y
- 10.31%
- 3Y*
- 2.57%
- 5Y*
- -1.63%
- 10Y*
- -0.32%
BHP
- 1D
- -2.47%
- 1M
- 16.67%
- YTD
- 53.45%
- 6M
- 59.94%
- 1Y
- 94.82%
- 3Y*
- 21.26%
- 5Y*
- 16.19%
- 10Y*
- 22.46%
AUDUSD=X vs. BHP - Yearly Performance Comparison
Correlation
The correlation between AUDUSD=X and BHP is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2007 | 0.61 |
The correlation between AUDUSD=X and BHP has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 (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.
| AUDUSD=X | BHP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 3.10 | -2.01 |
Sortino ratioReturn per unit of downside risk | 1.60 | 3.67 | -2.08 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.46 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 4.82 | -2.86 |
Martin ratioReturn relative to average drawdown | 5.26 | 17.99 | -12.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AUDUSD=X | BHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 3.10 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.51 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.70 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.33 | -0.40 |
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.
Loading charts...
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 | -4.20% | -19.80% | +15.60% |
Max Drawdown (3Y)Largest decline over 3 years | -13.83% | -37.21% | +23.38% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -37.21% | +14.03% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -44.29% | +15.11% |
Current DrawdownCurrent decline from peak | -35.30% | -2.47% | -32.83% |
Average DrawdownAverage peak-to-trough decline | -25.81% | -21.29% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 5.29% | -3.68% |
Volatility
AUDUSD=X vs. BHP - Volatility Comparison
The current volatility for AUD/USD (AUDUSD=X) is 2.07%, while BHP Group (BHP) has a volatility of 11.83%. 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.
Loading charts...
Volatility by Period
| AUDUSD=X | BHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 11.83% | -9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 24.92% | -18.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.54% | 30.84% | -23.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 32.16% | -22.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 32.32% | -22.66% |
Frequently Asked Questions
AUDUSD=X and BHP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHP has higher volatility (11.83%) compared to AUDUSD=X (2.07%). In terms of maximum drawdown, AUDUSD=X dropped -47.87% vs BHP's -76.22%.
BHP currently has the higher Sharpe Ratio (3.10 vs 1.09), 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.
Find the right allocation for AUDUSD=X and BHP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer