BHP vs. LIN
BHP (BHP Group) and LIN (Linde plc) are both stocks. Both are in the Basic Materials sector — BHP in Other Industrial Metals & Mining, LIN in Specialty Chemicals. Over the past 5 years, BHP returned 14.81%/yr vs 13.08%/yr for LIN. At a 0.40 correlation, their price movements are largely independent.
Performance
BHP vs. LIN - Performance Comparison
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Returns By Period
In the year-to-date period, BHP achieves a 41.38% return, which is significantly higher than LIN's 18.48% 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%
LIN
- 1D
- -1.18%
- 1M
- 2.10%
- YTD
- 18.48%
- 6M
- 29.74%
- 1Y
- 7.61%
- 3Y*
- 13.07%
- 5Y*
- 13.08%
- 10Y*
- —
BHP vs. LIN - Yearly Performance Comparison
Correlation
The correlation between BHP and LIN is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018 | 0.40 |
The correlation between BHP and LIN shifts across timeframes, from 0.21 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BHP:
$212.97B
LIN:
$234.05B
BHP:
$8.51
LIN:
$15.16
BHP:
9.84
LIN:
33.11
BHP:
2.72
LIN:
1.65
BHP:
1.98
LIN:
6.81
BHP:
4.23
LIN:
6.07
BHP:
$107.64B
LIN:
$34.66B
BHP:
$89.04B
LIN:
$15.94B
BHP:
$52.23B
LIN:
$12.31B
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Return for Risk
BHP vs. LIN — Risk / Return Rank
BHP
LIN
BHP vs. LIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BHP Group (BHP) and Linde plc (LIN). 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 | LIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.09 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 0.40 | +3.46 |
| Martin ratioReturn relative to average drawdown | 14.16 | 1.12 | +13.04 |
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 | LIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 0.45 | +1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.63 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.71 | -0.38 |
Drawdowns
BHP vs. LIN - Drawdown Comparison
The maximum BHP drawdown since its inception was -76.22%, which is greater than LIN's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for BHP and LIN.
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Drawdown Indicators
| BHP | LIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -32.59% | -43.63% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -19.18% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -19.18% | -18.03% |
Max Drawdown (5Y)Largest decline over 5 years | -37.21% | -22.82% | -14.39% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | — | — |
Current DrawdownCurrent decline from peak | -10.14% | -2.72% | -7.42% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -5.43% | -15.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 6.80% | -1.42% |
Volatility
BHP vs. LIN - Volatility Comparison
BHP Group (BHP) has a higher volatility of 12.75% compared to Linde plc (LIN) at 5.16%. This indicates that BHP's price experiences larger fluctuations and is considered to be riskier than LIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHP | LIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 5.16% | +7.59% |
Volatility (6M)Calculated over the trailing 6-month period | 25.95% | 13.47% | +12.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.73% | 16.98% | +14.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.31% | 20.74% | +11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.31% | 24.07% | +8.24% |
Dividends
BHP vs. LIN - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 3.18%, more than LIN's 1.24% yield.
Financials
BHP vs. LIN - Financials Comparison
This section allows you to compare key financial metrics between BHP Group and Linde plc. 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. LIN - 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%.
LIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Linde plc reported a gross profit of 4.26B and revenue of 8.78B. Therefore, the gross margin over that period was 48.5%.
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%.
LIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Linde plc reported an operating income of 3.26B and revenue of 8.78B, resulting in an operating margin of 37.2%.
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%.
LIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Linde plc reported a net income of 1.86B and revenue of 8.78B, resulting in a net margin of 21.2%.
Frequently Asked Questions
BHP and LIN have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHP has higher volatility (12.75%) compared to LIN (5.16%). In terms of maximum drawdown, BHP dropped -76.22% vs LIN's -32.59%.
BHP currently has the higher Sharpe Ratio (2.41 vs 0.45), 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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