BHP vs. SGOV
BHP (BHP Group Limited) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, BHP returned 14.48%/yr vs 3.58%/yr for SGOV. At a correlation of -0.05, they often move in opposite directions.
Performance
BHP vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BHP achieves a 37.09% return, which is significantly higher than SGOV's 1.73% return.
BHP
- 1D
- 0.55%
- 1M
- -6.16%
- YTD
- 37.09%
- 6M
- 35.96%
- 1Y
- 80.97%
- 3Y*
- 16.24%
- 5Y*
- 14.48%
- 10Y*
- 21.79%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.73%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
BHP vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BHP BHP Group Limited | 37.09% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 44.21% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.73% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between BHP and SGOV is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.05 |
The correlation between BHP and SGOV shifts across timeframes, from -0.19 (1 year) to -0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BHP vs. SGOV — Risk / Return Rank
BHP
SGOV
BHP vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BHP Group Limited (BHP) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.83 | ||
| Sortino ratioReturn per unit of downside risk | -270.51 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 194.05 | -192.67 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 395.07 | -390.96 |
| Martin ratioReturn relative to average drawdown | 14.75 | 4,426.92 | -4,412.17 |
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Drawdowns
BHP vs. SGOV - Drawdown Comparison
The maximum BHP drawdown since its inception was -76.22%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BHP and SGOV.
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Drawdown Indicators
| BHP | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -0.03% | -76.19% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -0.01% | -19.79% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -0.01% | -37.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.21% | -0.03% | -37.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | — | — |
Current DrawdownCurrent decline from peak | -12.87% | 0.00% | -12.87% |
Average DrawdownAverage peak-to-trough decline | -21.27% | -0.00% | -21.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 0.00% | +5.51% |
Volatility
BHP vs. SGOV - Volatility Comparison
BHP Group Limited (BHP) has a higher volatility of 13.35% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that BHP's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHP | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.35% | 0.04% | +13.31% |
Volatility (6M)Calculated over the trailing 6-month period | 27.37% | 0.12% | +27.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.64% | 0.19% | +32.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.46% | 0.24% | +32.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 0.24% | +32.01% |
Dividends
BHP vs. SGOV - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 3.28%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group Limited | 3.28% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BHP and SGOV have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHP has higher volatility (13.35%) compared to SGOV (0.04%). In terms of maximum drawdown, BHP dropped -76.22% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs 2.50), 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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