BHP vs. FCX
BHP (BHP Group) and FCX (Freeport-McMoRan Inc.) are both stocks. Both are in the Basic Materials sector — BHP in Other Industrial Metals & Mining, FCX in Copper. Over the past 10 years, BHP returned 20.91%/yr vs 20.03%/yr for FCX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
BHP vs. FCX - Performance Comparison
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Returns By Period
In the year-to-date period, BHP achieves a 39.72% return, which is significantly higher than FCX's 25.35% return. Both investments have delivered pretty close results over the past 10 years, with BHP having a 20.91% annualized return and FCX not far behind at 20.03%.
BHP
- 1D
- -6.83%
- 1M
- -1.91%
- YTD
- 39.72%
- 6M
- 43.33%
- 1Y
- 73.01%
- 3Y*
- 17.50%
- 5Y*
- 14.03%
- 10Y*
- 20.91%
FCX
- 1D
- -9.07%
- 1M
- 4.07%
- YTD
- 25.35%
- 6M
- 40.86%
- 1Y
- 53.77%
- 3Y*
- 20.46%
- 5Y*
- 10.08%
- 10Y*
- 20.03%
BHP vs. FCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group | 39.72% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 25.37% | 24.50% | 10.55% | 33.87% |
FCX Freeport-McMoRan Inc. | 25.35% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
Correlation
The correlation between BHP and FCX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 1995 | 0.58 |
The correlation between BHP and FCX shifts across timeframes, from 0.58 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BHP:
$210.48B
FCX:
$91.51B
BHP:
$8.51
FCX:
$1.89
BHP:
9.72
FCX:
33.47
BHP:
1.95
FCX:
3.46
BHP:
4.18
FCX:
4.69
BHP:
$107.64B
FCX:
$26.42B
BHP:
$89.04B
FCX:
$7.35B
BHP:
$52.23B
FCX:
$9.59B
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Return for Risk
BHP vs. FCX — Risk / Return Rank
BHP
FCX
BHP vs. FCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BHP Group (BHP) and Freeport-McMoRan Inc. (FCX). 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 | FCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.17 | +1.54 |
| Martin ratioReturn relative to average drawdown | 13.71 | 5.46 | +8.25 |
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 | FCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.12 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.22 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.41 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.15 | +0.17 |
Drawdowns
BHP vs. FCX - Drawdown Comparison
The maximum BHP drawdown since its inception was -76.22%, smaller than the maximum FCX drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for BHP and FCX.
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Drawdown Indicators
| BHP | FCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -92.52% | +16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -24.90% | +5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -46.34% | +9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -37.21% | -51.47% | +14.26% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | -72.59% | +28.30% |
Current DrawdownCurrent decline from peak | -11.20% | -11.64% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -39.64% | +18.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.34% | 9.88% | -4.54% |
Volatility
BHP vs. FCX - Volatility Comparison
The current volatility for BHP Group (BHP) is 12.88%, while Freeport-McMoRan Inc. (FCX) has a volatility of 16.91%. This indicates that BHP experiences smaller price fluctuations and is considered to be less risky than FCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHP | FCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.88% | 16.91% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 25.98% | 36.87% | -10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.68% | 48.38% | -16.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.31% | 45.01% | -12.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 48.67% | -16.31% |
Dividends
BHP vs. FCX - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 3.22%, more than FCX's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group | 3.22% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
FCX Freeport-McMoRan Inc. | 0.95% | 1.18% | 1.58% | 1.41% | 0.99% | 0.54% | 0.19% | 1.52% | 1.45% | 0.00% | 0.00% | 8.46% |
Financials
BHP vs. FCX - Financials Comparison
This section allows you to compare key financial metrics between BHP Group and Freeport-McMoRan Inc.. 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. FCX - 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 reported a gross profit of 11.98B and revenue of 27.95B. Therefore, the gross margin over that period was 42.9%.
FCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported a gross profit of 1.66B and revenue of 6.23B. Therefore, the gross margin over that period was 26.6%.
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%.
FCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported an operating income of 2.14B and revenue of 6.23B, resulting in an operating margin of 34.3%.
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%.
FCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Freeport-McMoRan Inc. reported a net income of 881.00M and revenue of 6.23B, resulting in a net margin of 14.1%.
Frequently Asked Questions
BHP and FCX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (16.91%) compared to BHP (12.88%). In terms of maximum drawdown, BHP dropped -76.22% vs FCX's -92.52%.
BHP currently has the higher Sharpe Ratio (2.32 vs 1.12), 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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