BHP vs. LUN.TO
BHP (BHP Group) and LUN.TO (Lundin Mining Corporation) are both stocks. Both are in the Basic Materials sector — BHP in Other Industrial Metals & Mining, LUN.TO in Copper. Over the past 10 years, BHP returned 21.94%/yr vs 26.17%/yr for LUN.TO. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
BHP vs. LUN.TO - Performance Comparison
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Different Trading Currencies
BHP is traded in USD, while LUN.TO is traded in CAD. To make them comparable, the LUN.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 LUN.TO's 26.90% return. Over the past 10 years, BHP has underperformed LUN.TO with an annualized return of 21.94%, while LUN.TO has yielded a comparatively higher 26.17% 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%
LUN.TO
- 1D
- 1.98%
- 1M
- 0.40%
- YTD
- 26.90%
- 6M
- 49.24%
- 1Y
- 159.26%
- 3Y*
- 56.99%
- 5Y*
- 24.76%
- 10Y*
- 26.17%
BHP vs. LUN.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% |
LUN.TO Lundin Mining Corporation | 26.90% | 153.43% | 8.53% | 38.98% | -17.00% | -9.30% | 52.74% | 46.15% | -36.72% | 42.31% |
Correlation
The correlation between BHP and LUN.TO is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.57 |
The correlation between BHP and LUN.TO has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
Fundamentals
BHP:
$212.97B
LUN.TO:
CA$32.76B
BHP:
$8.51
LUN.TO:
CA$1.69
BHP:
9.84
LUN.TO:
22.54
BHP:
2.72
LUN.TO:
0.14
BHP:
1.98
LUN.TO:
8.10
BHP:
4.23
LUN.TO:
4.78
BHP:
$107.64B
LUN.TO:
CA$4.04B
BHP:
$89.04B
LUN.TO:
CA$1.55B
BHP:
$52.23B
LUN.TO:
CA$1.92B
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Return for Risk
BHP vs. LUN.TO — Risk / Return Rank
BHP
LUN.TO
BHP vs. LUN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BHP Group (BHP) and Lundin Mining Corporation (LUN.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 | LUN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 4.73 | -0.87 |
| Martin ratioReturn relative to average drawdown | 14.16 | 15.61 | -1.46 |
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 | LUN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 3.02 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.53 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.56 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.12 | +0.20 |
Drawdowns
BHP vs. LUN.TO - Drawdown Comparison
The maximum BHP drawdown since its inception was -76.22%, smaller than the maximum LUN.TO drawdown of -96.11%. Use the drawdown chart below to compare losses from any high point for BHP and LUN.TO.
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Drawdown Indicators
| BHP | LUN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -96.11% | +19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -33.87% | +14.07% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -49.40% | +12.19% |
Max Drawdown (5Y)Largest decline over 5 years | -37.21% | -57.23% | +20.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | -61.69% | +17.40% |
Current DrawdownCurrent decline from peak | -10.14% | -15.71% | +5.57% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -52.52% | +31.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 10.25% | -4.87% |
Volatility
BHP vs. LUN.TO - Volatility Comparison
The current volatility for BHP Group (BHP) is 12.75%, while Lundin Mining Corporation (LUN.TO) has a volatility of 20.50%. This indicates that BHP experiences smaller price fluctuations and is considered to be less risky than LUN.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 | LUN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 20.50% | -7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 25.95% | 44.51% | -18.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.73% | 53.09% | -21.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.31% | 47.11% | -14.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.31% | 46.75% | -14.44% |
Dividends
BHP vs. LUN.TO - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 3.18%, more than LUN.TO's 0.29% 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% |
LUN.TO Lundin Mining Corporation | 0.29% | 0.68% | 3.64% | 3.32% | 5.66% | 3.95% | 1.42% | 1.55% | 2.13% | 1.44% | 0.00% | 0.00% |
Financials
BHP vs. LUN.TO - Financials Comparison
This section allows you to compare key financial metrics between BHP Group and Lundin Mining Corporation. 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. LUN.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%.
LUN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a gross profit of 537.50M and revenue of 1.16B. Therefore, the gross margin over that period was 46.4%.
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%.
LUN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported an operating income of 503.80M and revenue of 1.16B, resulting in an operating margin of 43.5%.
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%.
LUN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a net income of 281.40M and revenue of 1.16B, resulting in a net margin of 24.3%.
Frequently Asked Questions
BHP and LUN.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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