BHP.L vs. ^GSPC
BHP.L (BHP Group Limited) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, BHP.L returned 21.90%/yr vs 14.50%/yr for ^GSPC. At a 0.30 correlation, their price movements are largely independent.
Performance
BHP.L vs. ^GSPC - Performance Comparison
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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 48.65% return, which is significantly higher than ^GSPC's 11.24% return. Over the past 10 years, BHP.L has outperformed ^GSPC with an annualized return of 21.90%, while ^GSPC has yielded a comparatively lower 14.50% annualized return.
BHP.L
- 1D
- -2.63%
- 1M
- 13.07%
- YTD
- 48.65%
- 6M
- 53.68%
- 1Y
- 88.98%
- 3Y*
- 17.57%
- 5Y*
- 16.71%
- 10Y*
- 21.90%
^GSPC
- 1D
- 0.41%
- 1M
- 5.44%
- YTD
- 11.24%
- 6M
- 9.84%
- 1Y
- 28.25%
- 3Y*
- 18.03%
- 5Y*
- 13.60%
- 10Y*
- 14.50%
BHP.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHP.L BHP Group Limited | 48.65% | 20.67% | -23.42% | 10.69% | 31.40% | 26.07% | 14.83% | 19.50% | 15.02% | 22.18% |
^GSPC S&P 500 Index | 11.24% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between BHP.L and ^GSPC is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007 | 0.30 |
The correlation between BHP.L and ^GSPC shifts across timeframes, from 0.17 (5 years) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BHP.L vs. ^GSPC — Risk / Return Rank
BHP.L
^GSPC
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 ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.46 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.92 | 3.53 | +1.39 |
| Martin ratioReturn relative to average drawdown | 18.50 | 13.19 | +5.31 |
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
| BHP.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.25 | 2.46 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.86 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.80 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.58 | -0.19 |
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 -37.07%. Use the drawdown chart below to compare losses from any high point for BHP.L and ^GSPC.
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Drawdown Indicators
| BHP.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.16% | -37.07% | -36.09% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -8.03% | -9.96% |
Max Drawdown (3Y)Largest decline over 3 years | -35.82% | -22.15% | -13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -35.82% | -22.15% | -13.67% |
Max Drawdown (10Y)Largest decline over 10 years | -50.85% | -26.01% | -24.84% |
Current DrawdownCurrent decline from peak | -4.91% | 0.00% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -19.43% | -5.32% | -14.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 2.15% | +2.64% |
Volatility
BHP.L vs. ^GSPC - Volatility Comparison
BHP Group Limited (BHP.L) has a higher volatility of 11.96% compared to S&P 500 Index (^GSPC) at 2.60%. 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.
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Volatility by Period
| BHP.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.96% | 2.60% | +9.36% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 8.20% | +13.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.25% | 11.52% | +15.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.00% | 15.85% | +12.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.55% | 18.15% | +12.40% |
Frequently Asked Questions
BHP.L and ^GSPC have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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