BHP.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about BHP Group Limited (BHP.L) and S&P 500 Index (^GSPC).

Performance

BHP.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in BHP Group Limited (BHP.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BHP.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BHP.L BHP Group Limited	25.23%	20.67%	-23.42%	10.69%	31.40%	26.07%	14.83%	19.55%	15.02%	22.18%
^GSPC S&P 500 Index	-2.36%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-0.68%	9.09%

Different Trading Currencies

BHP.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BHP.L achieves a 25.23% return, which is significantly higher than ^GSPC's -2.36% return. Over the past 10 years, BHP.L has outperformed ^GSPC with an annualized return of 21.48%, while ^GSPC has yielded a comparatively lower 13.04% annualized return.

BHP.L

• 1D: 2.74%
• 1M: -7.15%
• YTD: 25.23%
• 6M: 36.93%
• 1Y: 53.43%
• 3Y*: 7.74%
• 5Y*: 13.87%
• 10Y*: 21.48%

^GSPC

• 1D: 0.49%
• 1M: -3.37%
• YTD: -2.36%
• 6M: -0.37%
• 1Y: 13.80%
• 3Y*: 14.19%
• 5Y*: 11.28%
• 10Y*: 13.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BHP.L vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BHP.L

BHP.L Risk / Return Rank: 87
BHP.L Sharpe Ratio Rank: 90
BHP.L Sortino Ratio Rank: 88
BHP.L Omega Ratio Rank: 83
BHP.L Calmar Ratio Rank: 86
BHP.L Martin Ratio Rank: 90

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BHP.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BHP Group Limited (BHP.L) and S&P 500 Index (^GSPC). 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.

	BHP.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.98	0.74	+1.24
Sortino ratio Return per unit of downside risk	2.68	1.15	+1.53
Omega ratio Gain probability vs. loss probability	1.32	1.18	+0.14
Calmar ratio Return relative to maximum drawdown	3.15	1.22	+1.92
Martin ratio Return relative to average drawdown	11.44	4.79	+6.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BHP.L vs. ^GSPC - Sharpe Ratio Comparison

The current BHP.L Sharpe Ratio is 1.98, which is higher than the ^GSPC Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of BHP.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BHP.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	0.74	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.71	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.72	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.55	-0.17

Correlation

The correlation between BHP.L and ^GSPC is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

BHP.L vs. ^GSPC - Drawdown Comparison

The maximum BHP.L drawdown since its inception was -73.16%, which is greater than ^GSPC's maximum drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for BHP.L and ^GSPC.

Drawdown Indicators

	BHP.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-73.16%	-56.78%	-16.38%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-12.14%	-5.85%
Max Drawdown (5Y) Largest decline over 5 years	-35.82%	-25.43%	-10.39%
Max Drawdown (10Y) Largest decline over 10 years	-50.85%	-33.92%	-16.93%
Current Drawdown Current decline from peak	-7.15%	-5.78%	-1.37%
Average Drawdown Average peak-to-trough decline	-19.52%	-10.75%	-8.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	2.60%	+2.35%

Volatility

BHP.L vs. ^GSPC - Volatility Comparison

BHP Group Limited (BHP.L) has a higher volatility of 10.51% compared to S&P 500 Index (^GSPC) at 4.58%. This indicates that BHP.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHP.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.51%	4.58%	+5.93%
Volatility (6M) Calculated over the trailing 6-month period	19.77%	9.50%	+10.27%
Volatility (1Y) Calculated over the trailing 1-year period	26.96%	18.75%	+8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.89%	15.90%	+11.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	18.17%	+12.79%