BHP vs. CF

Last updated Jun 3, 2026

BHP (BHP Group) and CF (CF Industries Holdings, Inc.) are both stocks. Both are in the Basic Materials sector — BHP in Other Industrial Metals & Mining, CF in Agricultural Inputs. Over the past 10 years, BHP returned 22.77%/yr vs 17.96%/yr for CF. At a 0.41 correlation, their price movements are largely independent.

Performance

BHP vs. CF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BHP Group (BHP) and CF Industries Holdings, Inc. (CF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BHP achieves a 57.34% return, which is significantly higher than CF's 48.11% return. Over the past 10 years, BHP has outperformed CF with an annualized return of 22.77%, while CF has yielded a comparatively lower 17.96% annualized return.

BHP

• 1D: 2.12%
• 1M: 17.82%
• YTD: 57.34%
• 6M: 68.80%
• 1Y: 96.40%
• 3Y*: 22.27%
• 5Y*: 17.13%
• 10Y*: 22.77%

CF

• 1D: 0.16%
• 1M: -7.13%
• YTD: 48.11%
• 6M: 45.06%
• 1Y: 24.68%
• 3Y*: 24.55%
• 5Y*: 18.05%
• 10Y*: 17.96%

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

BHP vs. CF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BHP BHP Group	57.34%	28.91%	-24.64%	16.50%	44.34%	0.91%	25.37%	24.50%	10.55%	33.87%
CF CF Industries Holdings, Inc.	48.11%	-7.17%	10.08%	-4.75%	22.29%	87.18%	-15.76%	12.73%	5.13%	40.24%

Correlation

The correlation between BHP and CF is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 12, 2005	0.41

The correlation between BHP and CF shifts across timeframes, from -0.09 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BHP : $237.02B CF : $17.53B
EPS BHP : $8.51 CF : $11.08
PE Ratio BHP : 10.95 CF : 10.25
PEG Ratio BHP : 3.03 CF : 0.16
PS Ratio BHP : 2.20 CF : 2.43
PB Ratio BHP : 4.70 CF : 2.12
Total Revenue (TTM) BHP : $107.64B CF : $7.41B
Gross Profit (TTM) BHP : $89.04B CF : $2.99B
EBITDA (TTM) BHP : $52.23B CF : $2.60B

Return for Risk

BHP vs. CF — Risk / Return Rank

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

BHP

BHP Risk / Return Rank: 93
BHP Sharpe Ratio Rank: 95
BHP Sortino Ratio Rank: 93
BHP Omega Ratio Rank: 91
BHP Calmar Ratio Rank: 91
BHP Martin Ratio Rank: 94

CF

CF Risk / Return Rank: 58
CF Sharpe Ratio Rank: 60
CF Sortino Ratio Rank: 55
CF Omega Ratio Rank: 54
CF Calmar Ratio Rank: 63
CF Martin Ratio Rank: 60

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 vs. CF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BHP Group (BHP) and CF Industries Holdings, Inc. (CF). 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	CF	Difference
Sharpe ratio Return per unit of total volatility	3.16	0.59	+2.56
Sortino ratio Return per unit of downside risk	3.73	1.11	+2.62
Omega ratio Gain probability vs. loss probability	1.46	1.14	+0.33
Calmar ratio Return relative to maximum drawdown	4.96	1.12	+3.84
Martin ratio Return relative to average drawdown	18.57	2.00	+16.56
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 vs. CF - Sharpe Ratio Comparison

The current BHP Sharpe Ratio is 3.16, which is higher than the CF Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of BHP and CF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BHP	CF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	0.59	+2.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.48	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.45	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.47	-0.13

Drawdowns

BHP vs. CF - Drawdown Comparison

The maximum BHP drawdown since its inception was -76.22%, roughly equal to the maximum CF drawdown of -76.73%. Use the drawdown chart below to compare losses from any high point for BHP and CF.

Drawdown Indicators

	BHP	CF	Difference
Max Drawdown Largest peak-to-trough decline	-76.22%	-76.73%	+0.51%
Max Drawdown (1Y) Largest decline over 1 year	-19.80%	-24.87%	+5.07%
Max Drawdown (3Y) Largest decline over 3 years	-37.21%	-29.16%	-8.05%
Max Drawdown (5Y) Largest decline over 5 years	-37.21%	-48.36%	+11.15%
Max Drawdown (10Y) Largest decline over 10 years	-44.29%	-60.74%	+16.45%
Current Drawdown Current decline from peak	0.00%	-17.19%	+17.19%
Average Drawdown Average peak-to-trough decline	-21.29%	-24.94%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.29%	13.88%	-8.59%

Volatility

BHP vs. CF - Volatility Comparison

The current volatility for BHP Group (BHP) is 11.59%, while CF Industries Holdings, Inc. (CF) has a volatility of 14.97%. This indicates that BHP experiences smaller price fluctuations and is considered to be less risky than CF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHP	CF	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.59%	14.97%	-3.38%
Volatility (6M) Calculated over the trailing 6-month period	24.75%	35.02%	-10.27%
Volatility (1Y) Calculated over the trailing 1-year period	30.73%	41.86%	-11.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.15%	38.15%	-6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.32%	40.41%	-8.09%

Dividends

BHP vs. CF - Dividend Comparison

BHP's dividend yield for the trailing twelve months is around 2.86%, more than CF's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHP BHP Group	2.86%	3.64%	5.98%	4.98%	22.44%	9.98%	3.67%	8.59%	4.89%	3.61%	1.68%	9.38%
CF CF Industries Holdings, Inc.	1.76%	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%	2.82%	3.81%	2.94%

Financials

BHP vs. CF - Profitability Comparison

The chart below illustrates the profitability comparison between BHP Group and CF Industries Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BHP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BHP Group reported a gross profit of 11.98B and revenue of 27.95B. Therefore, the gross margin over that period was 42.9%.

CF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a gross profit of 746.00M and revenue of 1.99B. Therefore, the gross margin over that period was 37.6%.

BHP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BHP Group reported an operating income of 11.98B and revenue of 27.95B, resulting in an operating margin of 42.9%.

CF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported an operating income of 6.00M and revenue of 1.99B, resulting in an operating margin of 0.3%.

BHP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BHP Group reported a net income of 5.65B and revenue of 27.95B, resulting in a net margin of 20.2%.

CF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a net income of 615.00M and revenue of 1.99B, resulting in a net margin of 31.0%.

Frequently Asked Questions

Can I hold both BHP and CF in my portfolio?

BHP and CF have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BHP or CF?

CF has higher volatility (14.97%) compared to BHP (11.59%). In terms of maximum drawdown, BHP dropped -76.22% vs CF's -76.73%.

Which has better risk-adjusted returns?

BHP currently has the higher Sharpe Ratio (3.16 vs 0.59), 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.