BHP vs. HBM.TO
BHP (BHP Group) and HBM.TO (Hudbay Minerals Inc.) are both stocks. Both are in the Basic Materials sector — BHP in Other Industrial Metals & Mining, HBM.TO in Copper. Over the past 10 years, BHP returned 21.94%/yr vs 18.51%/yr for HBM.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
BHP vs. HBM.TO - Performance Comparison
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Different Trading Currencies
BHP is traded in USD, while HBM.TO is traded in CAD. To make them comparable, the HBM.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BHP achieves a 41.38% return, which is significantly higher than HBM.TO's 31.12% return. Over the past 10 years, BHP has outperformed HBM.TO with an annualized return of 21.94%, while HBM.TO has yielded a comparatively lower 18.51% annualized return.
BHP
- 1D
- 1.18%
- 1M
- -1.20%
- YTD
- 41.38%
- 6M
- 46.29%
- 1Y
- 75.94%
- 3Y*
- 17.37%
- 5Y*
- 14.81%
- 10Y*
- 21.94%
HBM.TO
- 1D
- 1.54%
- 1M
- 3.97%
- YTD
- 31.12%
- 6M
- 49.90%
- 1Y
- 170.50%
- 3Y*
- 77.37%
- 5Y*
- 30.31%
- 10Y*
- 18.51%
BHP vs. HBM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group | 41.38% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 25.37% | 24.50% | 10.55% | 33.87% |
HBM.TO Hudbay Minerals Inc. | 31.12% | 145.28% | 47.77% | 9.49% | -29.59% | 3.10% | 70.49% | -12.84% | -46.32% | 55.75% |
Correlation
The correlation between BHP and HBM.TO is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.58 |
The correlation between BHP and HBM.TO has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
Fundamentals
BHP:
$212.97B
HBM.TO:
CA$14.50B
BHP:
$8.51
HBM.TO:
CA$1.65
BHP:
9.84
HBM.TO:
22.01
BHP:
2.72
HBM.TO:
0.15
BHP:
1.98
HBM.TO:
6.13
BHP:
4.23
HBM.TO:
4.10
BHP:
$107.64B
HBM.TO:
CA$2.36B
BHP:
$89.04B
HBM.TO:
CA$851.84M
BHP:
$52.23B
HBM.TO:
CA$1.50B
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Return for Risk
BHP vs. HBM.TO — Risk / Return Rank
BHP
HBM.TO
BHP vs. HBM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BHP Group (BHP) and Hudbay Minerals Inc. (HBM.TO). 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 | HBM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 4.74 | -0.88 |
| Martin ratioReturn relative to average drawdown | 14.16 | 15.47 | -1.31 |
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 | HBM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 3.03 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.58 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.33 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.07 | +0.25 |
Drawdowns
BHP vs. HBM.TO - Drawdown Comparison
The maximum BHP drawdown since its inception was -76.22%, smaller than the maximum HBM.TO drawdown of -94.91%. Use the drawdown chart below to compare losses from any high point for BHP and HBM.TO.
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Drawdown Indicators
| BHP | HBM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -94.91% | +18.69% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -36.22% | +16.42% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -41.27% | +4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -37.21% | -62.82% | +25.61% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | -86.26% | +41.97% |
Current DrawdownCurrent decline from peak | -10.14% | -18.09% | +7.95% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -65.24% | +43.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 11.07% | -5.69% |
Volatility
BHP vs. HBM.TO - Volatility Comparison
The current volatility for BHP Group (BHP) is 12.75%, while Hudbay Minerals Inc. (HBM.TO) has a volatility of 25.26%. This indicates that BHP experiences smaller price fluctuations and is considered to be less risky than HBM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHP | HBM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 25.26% | -12.51% |
Volatility (6M)Calculated over the trailing 6-month period | 25.95% | 45.43% | -19.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.73% | 56.82% | -25.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.31% | 52.41% | -20.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.31% | 56.04% | -23.73% |
Dividends
BHP vs. HBM.TO - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 3.18%, more than HBM.TO's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group | 3.18% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
HBM.TO Hudbay Minerals Inc. | 0.05% | 0.07% | 0.17% | 0.27% | 0.29% | 0.22% | 0.22% | 0.37% | 0.31% | 0.18% | 0.26% | 0.38% |
Financials
BHP vs. HBM.TO - Financials Comparison
This section allows you to compare key financial metrics between BHP Group and Hudbay Minerals 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. HBM.TO - 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%.
HBM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 339.94M and revenue of 743.51M. Therefore, the gross margin over that period was 45.7%.
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%.
HBM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 296.85M and revenue of 743.51M, resulting in an operating margin of 39.9%.
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%.
HBM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.28M and revenue of 743.51M, resulting in a net margin of 25.2%.
Frequently Asked Questions
BHP and HBM.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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