BHP vs. RIO
BHP (BHP Group Limited) and RIO (Rio Tinto Group) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 10 years, BHP returned 22.02%/yr vs 21.20%/yr for RIO. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
BHP vs. RIO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BHP achieves a 44.89% return, which is significantly higher than RIO's 27.63% return. Both investments have delivered pretty close results over the past 10 years, with BHP having a 22.02% annualized return and RIO not far behind at 21.20%.
BHP
- 1D
- -2.38%
- 1M
- 1.39%
- YTD
- 44.89%
- 6M
- 43.93%
- 1Y
- 93.76%
- 3Y*
- 18.56%
- 5Y*
- 16.27%
- 10Y*
- 22.02%
RIO
- 1D
- -0.72%
- 1M
- -4.67%
- YTD
- 27.63%
- 6M
- 27.51%
- 1Y
- 87.18%
- 3Y*
- 23.47%
- 5Y*
- 11.41%
- 10Y*
- 21.20%
BHP vs. RIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group Limited | 44.89% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 25.37% | 24.50% | 10.55% | 33.87% |
RIO Rio Tinto Group | 27.63% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
Correlation
The correlation between BHP and RIO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1990 | 0.66 |
The correlation between BHP and RIO shifts across timeframes, from 0.66 (all time) to 0.89 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BHP:
$218.27B
RIO:
$162.79B
BHP:
$8.51
RIO:
$13.11
BHP:
10.08
RIO:
7.58
BHP:
2.03
RIO:
1.46
BHP:
4.33
RIO:
2.62
BHP:
$107.64B
RIO:
$111.41B
BHP:
$89.04B
RIO:
$31.10B
BHP:
$52.23B
RIO:
$40.42B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BHP vs. RIO — Risk / Return Rank
BHP
RIO
BHP vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BHP Group Limited (BHP) and Rio Tinto Group (RIO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BHP | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | 5.77 | -1.01 |
| Martin ratioReturn relative to average drawdown | 17.65 | 20.65 | -3.00 |
Loading charts...
Drawdowns
BHP vs. RIO - Drawdown Comparison
The maximum BHP drawdown since its inception was -76.22%, smaller than the maximum RIO drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for BHP and RIO.
Loading charts...
Drawdown Indicators
| BHP | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -88.97% | +12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -15.19% | -4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -24.19% | -13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -37.21% | -35.25% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | -37.47% | -6.82% |
Current DrawdownCurrent decline from peak | -7.91% | -11.32% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -21.27% | -23.75% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 4.24% | +1.09% |
Volatility
BHP vs. RIO - Volatility Comparison
BHP Group Limited (BHP) has a higher volatility of 12.86% compared to Rio Tinto Group (RIO) at 10.41%. This indicates that BHP's price experiences larger fluctuations and is considered to be riskier than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BHP | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 10.41% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 24.57% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.37% | 29.48% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.40% | 29.32% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.32% | 30.63% | +1.69% |
Dividends
BHP vs. RIO - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 3.10%, less than RIO's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group Limited | 3.10% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
RIO Rio Tinto Group | 4.05% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
BHP vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between BHP Group Limited and Rio Tinto Group. 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. RIO - 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 Limited reported a gross profit of 11.98B and revenue of 27.95B. Therefore, the gross margin over that period was 42.9%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. 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 Limited reported an operating income of 11.98B and revenue of 27.95B, resulting in an operating margin of 42.9%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
BHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BHP Group Limited reported a net income of 5.65B and revenue of 27.95B, resulting in a net margin of 20.2%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
Frequently Asked Questions
BHP and RIO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHP has higher volatility (12.86%) compared to RIO (10.41%). In terms of maximum drawdown, BHP dropped -76.22% vs RIO's -88.97%.
RIO currently has the higher Sharpe Ratio (2.98 vs 2.92), 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.
Find the right allocation for BHP and RIO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer