BHMG.L vs. PSHZF
BHMG.L (BH Macro Limited) and PSHZF (Pershing Square Holdings Ltd) are both stocks. Both are in the Financial Services sector — BHMG.L in Collective Investments, PSHZF in Asset Management. Over the past 10 years, BHMG.L returned 8.44%/yr vs 15.51%/yr for PSHZF. At a 0.05 correlation, their price movements are largely independent.
Performance
BHMG.L vs. PSHZF - Performance Comparison
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Different Trading Currencies
BHMG.L is traded in GBp, while PSHZF is traded in USD. To make them comparable, the PSHZF values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BHMG.L achieves a 9.02% return, which is significantly higher than PSHZF's -15.92% return. Over the past 10 years, BHMG.L has underperformed PSHZF with an annualized return of 8.44%, while PSHZF has yielded a comparatively higher 15.51% annualized return.
BHMG.L
- 1D
- 0.58%
- 1M
- 2.11%
- YTD
- 9.02%
- 6M
- 8.48%
- 1Y
- 9.30%
- 3Y*
- 2.75%
- 5Y*
- 5.30%
- 10Y*
- 8.44%
PSHZF
- 1D
- 0.63%
- 1M
- -1.79%
- YTD
- -15.92%
- 6M
- -18.98%
- 1Y
- 5.20%
- 3Y*
- 14.63%
- 5Y*
- 10.95%
- 10Y*
- 15.51%
BHMG.L vs. PSHZF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 9.02% | -1.72% | 10.63% | -18.26% | 20.05% | 6.25% | 34.87% | 10.36% | 18.25% | -6.28% |
PSHZF Pershing Square Holdings Ltd | -15.92% | 27.00% | 6.40% | 30.56% | -5.04% | 18.91% | 83.71% | 47.69% | -2.64% | -13.29% |
Correlation
The correlation between BHMG.L and PSHZF is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2015 | 0.05 |
Fundamentals
BHMG.L:
£1.56B
PSHZF:
$9.76B
BHMG.L:
£0.88
PSHZF:
$12.78
BHMG.L:
4.96
PSHZF:
4.22
BHMG.L:
0.05
PSHZF:
1.55
BHMG.L:
8.42
PSHZF:
3.15
BHMG.L:
0.75
PSHZF:
0.66
BHMG.L:
£185.43M
PSHZF:
$3.10B
BHMG.L:
£177.43M
PSHZF:
$3.10B
BHMG.L:
£81.73M
PSHZF:
$0.00
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Return for Risk
BHMG.L vs. PSHZF — Risk / Return Rank
BHMG.L
PSHZF
BHMG.L vs. PSHZF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BH Macro Limited (BHMG.L) and Pershing Square Holdings Ltd (PSHZF). 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.
| BHMG.L | PSHZF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.23 | +0.95 |
| Martin ratioReturn relative to average drawdown | 3.38 | 0.49 | +2.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BHMG.L | PSHZF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.23 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.47 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.63 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.35 | +0.20 |
Drawdowns
BHMG.L vs. PSHZF - Drawdown Comparison
The maximum BHMG.L drawdown since its inception was -35.94%, smaller than the maximum PSHZF drawdown of -53.53%. Use the drawdown chart below to compare losses from any high point for BHMG.L and PSHZF.
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Drawdown Indicators
| BHMG.L | PSHZF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.94% | -53.53% | +17.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -22.94% | +15.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -27.39% | +8.38% |
Max Drawdown (5Y)Largest decline over 5 years | -35.94% | -27.39% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | -32.04% | -3.90% |
Current DrawdownCurrent decline from peak | -15.04% | -19.60% | +4.56% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -18.40% | +7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 10.55% | -7.93% |
Volatility
BHMG.L vs. PSHZF - Volatility Comparison
The current volatility for BH Macro Limited (BHMG.L) is 3.57%, while Pershing Square Holdings Ltd (PSHZF) has a volatility of 5.46%. This indicates that BHMG.L experiences smaller price fluctuations and is considered to be less risky than PSHZF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHMG.L | PSHZF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 5.46% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 17.50% | -8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 22.35% | -11.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 23.18% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 24.61% | -8.00% |
Dividends
BHMG.L vs. PSHZF - Dividend Comparison
BHMG.L has not paid dividends to shareholders, while PSHZF's dividend yield for the trailing twelve months is around 1.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSHZF Pershing Square Holdings Ltd | 1.29% | 1.01% | 1.21% | 1.12% | 1.38% | 1.14% | 1.35% | 1.57% |
Financials
BHMG.L vs. PSHZF - Financials Comparison
This section allows you to compare key financial metrics between BH Macro Limited and Pershing Square Holdings Ltd. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BHMG.L and PSHZF have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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