BP vs. BTG
BP (BP p.l.c.) and BTG (B2Gold Corp.) are both stocks. BP operates in Oil & Gas Integrated (Energy), while BTG operates in Gold (Basic Materials). Over the past 10 years, BP returned 9.35%/yr vs 9.37%/yr for BTG. At a 0.17 correlation, their price movements are largely independent.
Performance
BP vs. BTG - Performance Comparison
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Returns By Period
In the year-to-date period, BP achieves a 26.20% return, which is significantly higher than BTG's -5.82% return. Both investments have delivered pretty close results over the past 10 years, with BP having a 9.35% annualized return and BTG not far ahead at 9.37%.
BP
- 1D
- 0.23%
- 1M
- -1.97%
- YTD
- 26.20%
- 6M
- 24.31%
- 1Y
- 45.82%
- 3Y*
- 12.73%
- 5Y*
- 14.80%
- 10Y*
- 9.35%
BTG
- 1D
- 2.93%
- 1M
- -21.06%
- YTD
- -5.82%
- 6M
- -7.67%
- 1Y
- 15.53%
- 3Y*
- 8.86%
- 5Y*
- 1.08%
- 10Y*
- 9.37%
BP vs. BTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 26.20% | 24.54% | -11.84% | 6.00% | 37.01% | 36.38% | -41.31% | 5.83% | -4.57% | 20.02% |
BTG B2Gold Corp. | -5.82% | 88.95% | -18.07% | -7.22% | -5.13% | -26.97% | 42.35% | 37.72% | -5.81% | 30.80% |
Correlation
The correlation between BP and BTG is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2008 | 0.17 |
The correlation between BP and BTG shifts across timeframes, from 0.01 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BP:
$111.67B
BTG:
$6.32B
BP:
$1.23
BTG:
$0.36
BP:
34.87
BTG:
11.81
BP:
3.41
BTG:
0.01
BP:
0.57
BTG:
1.74
BP:
2.00
BTG:
1.72
BP:
$194.60B
BTG:
$3.67B
BP:
$37.65B
BTG:
$1.89B
BP:
$35.67B
BTG:
$1.96B
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Return for Risk
BP vs. BTG — Risk / Return Rank
BP
BTG
BP vs. BTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. (BP) and B2Gold Corp. (BTG). 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.
| BP | BTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.10 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 0.42 | +3.52 |
| Martin ratioReturn relative to average drawdown | 10.91 | 0.83 | +10.08 |
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Drawdowns
BP vs. BTG - Drawdown Comparison
The maximum BP drawdown since its inception was -74.94%, smaller than the maximum BTG drawdown of -85.97%. Use the drawdown chart below to compare losses from any high point for BP and BTG.
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Drawdown Indicators
| BP | BTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.94% | -85.97% | +11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -36.97% | +25.29% |
Max Drawdown (3Y)Largest decline over 3 years | -30.63% | -36.97% | +6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -30.63% | -48.92% | +18.29% |
Max Drawdown (10Y)Largest decline over 10 years | -63.91% | -63.35% | -0.56% |
Current DrawdownCurrent decline from peak | -9.15% | -31.60% | +22.45% |
Average DrawdownAverage peak-to-trough decline | -25.26% | -38.35% | +13.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 18.70% | -14.49% |
Volatility
BP vs. BTG - Volatility Comparison
The current volatility for BP p.l.c. (BP) is 8.25%, while B2Gold Corp. (BTG) has a volatility of 15.76%. This indicates that BP experiences smaller price fluctuations and is considered to be less risky than BTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BP | BTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 15.76% | -7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 22.05% | 44.50% | -22.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 55.48% | -28.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.62% | 44.82% | -16.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 48.23% | -16.96% |
Dividends
BP vs. BTG - Dividend Comparison
BP's dividend yield for the trailing twelve months is around 4.67%, more than BTG's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 4.67% | 5.64% | 6.20% | 4.71% | 3.94% | 4.83% | 9.21% | 6.52% | 6.41% | 5.66% | 6.37% | 7.63% |
BTG B2Gold Corp. | 1.90% | 1.77% | 6.56% | 5.06% | 4.48% | 4.07% | 1.96% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BP vs. BTG - Financials Comparison
This section allows you to compare key financial metrics between BP p.l.c. and B2Gold Corp.. 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
BP vs. BTG - Profitability Comparison
BP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BP p.l.c. reported a gross profit of 12.56B and revenue of 52.17B. Therefore, the gross margin over that period was 24.1%.
BTG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, B2Gold Corp. reported a gross profit of 601.32M and revenue of 1.14B. Therefore, the gross margin over that period was 52.6%.
BP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BP p.l.c. reported an operating income of 9.20B and revenue of 52.17B, resulting in an operating margin of 17.6%.
BTG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, B2Gold Corp. reported an operating income of 572.52M and revenue of 1.14B, resulting in an operating margin of 50.1%.
BP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BP p.l.c. reported a net income of 3.84B and revenue of 52.17B, resulting in a net margin of 7.4%.
BTG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, B2Gold Corp. reported a net income of 197.17M and revenue of 1.14B, resulting in a net margin of 17.3%.
Frequently Asked Questions
BP and BTG have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTG has higher volatility (15.76%) compared to BP (8.25%). In terms of maximum drawdown, BP dropped -74.94% vs BTG's -85.97%.
BP currently has the higher Sharpe Ratio (1.72 vs 0.28), 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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