BHP vs. BTI
BHP (BHP Group Limited) and BTI (British American Tobacco p.l.c.) are both stocks. BHP operates in Other Industrial Metals & Mining (Basic Materials), while BTI operates in Tobacco (Consumer Defensive). Over the past 10 years, BHP returned 23.18%/yr vs 7.69%/yr for BTI. At a 0.24 correlation, their price movements are largely independent.
Performance
BHP vs. BTI - Performance Comparison
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Returns By Period
In the year-to-date period, BHP achieves a 53.40% return, which is significantly higher than BTI's 11.67% return. Over the past 10 years, BHP has outperformed BTI with an annualized return of 23.18%, while BTI has yielded a comparatively lower 7.69% annualized return.
BHP
- 1D
- 3.20%
- 1M
- 0.01%
- YTD
- 53.40%
- 6M
- 55.28%
- 1Y
- 90.03%
- 3Y*
- 19.44%
- 5Y*
- 16.25%
- 10Y*
- 23.18%
BTI
- 1D
- 1.51%
- 1M
- -4.64%
- YTD
- 11.67%
- 6M
- 12.20%
- 1Y
- 35.86%
- 3Y*
- 34.54%
- 5Y*
- 17.96%
- 10Y*
- 7.69%
BHP vs. BTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group Limited | 53.40% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 25.37% | 24.50% | 10.55% | 33.87% |
BTI British American Tobacco p.l.c. | 11.67% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
Correlation
The correlation between BHP and BTI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 29, 1987 | 0.24 |
The correlation between BHP and BTI shifts across timeframes, from 0.15 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BHP:
$231.09B
BTI:
$136.67B
BHP:
$8.51
BTI:
£4.93
BHP:
10.67
BTI:
9.44
BHP:
2.95
BTI:
0.35
BHP:
2.15
BTI:
1.99
BHP:
4.58
BTI:
2.13
BHP:
$107.64B
BTI:
£51.48B
BHP:
$89.04B
BTI:
£42.82B
BHP:
$52.23B
BTI:
£20.34B
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Return for Risk
BHP vs. BTI — Risk / Return Rank
BHP
BTI
BHP vs. BTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BHP Group Limited (BHP) and British American Tobacco p.l.c. (BTI). 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.
| BHP | BTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.26 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 2.62 | +1.95 |
| Martin ratioReturn relative to average drawdown | 16.96 | 5.89 | +11.07 |
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Drawdowns
BHP vs. BTI - Drawdown Comparison
The maximum BHP drawdown since its inception was -76.22%, which is greater than BTI's maximum drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for BHP and BTI.
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Drawdown Indicators
| BHP | BTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -64.11% | -12.11% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -13.75% | -6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -13.75% | -23.46% |
Max Drawdown (5Y)Largest decline over 5 years | -37.21% | -29.94% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | -56.00% | +11.71% |
Current DrawdownCurrent decline from peak | -2.50% | -6.57% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -12.93% | -8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 6.10% | -0.72% |
Volatility
BHP vs. BTI - Volatility Comparison
BHP Group Limited (BHP) has a higher volatility of 13.72% compared to British American Tobacco p.l.c. (BTI) at 7.53%. This indicates that BHP's price experiences larger fluctuations and is considered to be riskier than BTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHP | BTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.72% | 7.53% | +6.19% |
Volatility (6M)Calculated over the trailing 6-month period | 26.69% | 18.39% | +8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.39% | 22.78% | +9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.44% | 21.16% | +11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.34% | 24.20% | +8.14% |
Dividends
BHP vs. BTI - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 2.93%, less than BTI's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group Limited | 2.93% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
BTI British American Tobacco p.l.c. | 4.95% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
Financials
BHP vs. BTI - Financials Comparison
This section allows you to compare key financial metrics between BHP Group Limited and British American Tobacco p.l.c.. 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
BHP vs. BTI - Profitability Comparison
BHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BHP Group Limited reported a gross profit of 11.98B and revenue of 27.95B. Therefore, the gross margin over that period was 42.9%.
BTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a gross profit of 11.30B and revenue of 13.54B. Therefore, the gross margin over that period was 83.4%.
BHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BHP Group Limited reported an operating income of 11.98B and revenue of 27.95B, resulting in an operating margin of 42.9%.
BTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported an operating income of 4.93B and revenue of 13.54B, resulting in an operating margin of 36.4%.
BHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BHP Group Limited reported a net income of 5.65B and revenue of 27.95B, resulting in a net margin of 20.2%.
BTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a net income of 3.25B and revenue of 13.54B, resulting in a net margin of 24.0%.
Frequently Asked Questions
BHP and BTI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHP has higher volatility (13.72%) compared to BTI (7.53%). In terms of maximum drawdown, BHP dropped -76.22% vs BTI's -64.11%.
BHP currently has the higher Sharpe Ratio (2.80 vs 1.58), 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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