BP vs. HBM
BP (BP p.l.c.) and HBM (Hudbay Minerals Inc.) are both stocks. BP operates in Oil & Gas Integrated (Energy), while HBM operates in Copper (Basic Materials). Over the past 10 years, BP returned 9.14%/yr vs 18.60%/yr for HBM. At a 0.41 correlation, their price movements are largely independent.
Performance
BP vs. HBM - Performance Comparison
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Returns By Period
In the year-to-date period, BP achieves a 28.98% return, which is significantly lower than HBM's 31.58% return. Over the past 10 years, BP has underperformed HBM with an annualized return of 9.14%, while HBM has yielded a comparatively higher 18.60% annualized return.
BP
- 1D
- 1.75%
- 1M
- 2.03%
- YTD
- 28.98%
- 6M
- 25.19%
- 1Y
- 57.32%
- 3Y*
- 13.14%
- 5Y*
- 15.26%
- 10Y*
- 9.14%
HBM
- 1D
- 1.75%
- 1M
- 4.36%
- YTD
- 31.58%
- 6M
- 50.45%
- 1Y
- 171.66%
- 3Y*
- 77.46%
- 5Y*
- 30.42%
- 10Y*
- 18.60%
BP vs. HBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 28.98% | 24.54% | -11.84% | 6.00% | 37.01% | 36.38% | -41.31% | 5.83% | -4.57% | 20.02% |
HBM Hudbay Minerals Inc. | 31.58% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
Correlation
The correlation between BP and HBM is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.41 |
Over the past year, the correlation between BP and HBM has dropped to 0.00 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
Fundamentals
BP:
$114.12B
HBM:
$10.41B
BP:
$1.23
HBM:
$1.65
BP:
35.63
HBM:
15.79
BP:
3.48
HBM:
0.11
BP:
0.59
HBM:
4.39
BP:
2.04
HBM:
2.94
BP:
$194.60B
HBM:
$2.37B
BP:
$37.65B
HBM:
$828.54M
BP:
$35.67B
HBM:
$1.54B
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Return for Risk
BP vs. HBM — Risk / Return Rank
BP
HBM
BP vs. HBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. (BP) and Hudbay Minerals Inc. (HBM). 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.
| BP | HBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 4.78 | +0.15 |
| Martin ratioReturn relative to average drawdown | 14.19 | 15.13 | -0.93 |
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
| BP | HBM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.96 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.55 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.32 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.20 | -0.02 |
Drawdowns
BP vs. HBM - Drawdown Comparison
The maximum BP drawdown since its inception was -74.94%, smaller than the maximum HBM drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for BP and HBM.
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Drawdown Indicators
| BP | HBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.94% | -92.21% | +17.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -36.16% | +24.48% |
Max Drawdown (3Y)Largest decline over 3 years | -30.63% | -41.11% | +10.48% |
Max Drawdown (5Y)Largest decline over 5 years | -30.63% | -63.33% | +32.70% |
Max Drawdown (10Y)Largest decline over 10 years | -63.91% | -86.34% | +22.43% |
Current DrawdownCurrent decline from peak | -7.16% | -18.07% | +10.91% |
Average DrawdownAverage peak-to-trough decline | -25.26% | -52.50% | +27.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 11.40% | -7.35% |
Volatility
BP vs. HBM - Volatility Comparison
The current volatility for BP p.l.c. (BP) is 8.20%, while Hudbay Minerals Inc. (HBM) has a volatility of 25.29%. This indicates that BP experiences smaller price fluctuations and is considered to be less risky than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BP | HBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.20% | 25.29% | -17.09% |
Volatility (6M)Calculated over the trailing 6-month period | 22.27% | 46.90% | -24.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.91% | 58.55% | -31.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.61% | 55.36% | -26.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.28% | 58.79% | -27.51% |
Dividends
BP vs. HBM - Dividend Comparison
BP's dividend yield for the trailing twelve months is around 4.57%, more than HBM's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 4.57% | 5.64% | 6.20% | 4.71% | 3.94% | 4.83% | 9.21% | 6.52% | 6.41% | 5.66% | 6.37% | 7.63% |
HBM Hudbay Minerals Inc. | 0.05% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
Financials
BP vs. HBM - Financials Comparison
This section allows you to compare key financial metrics between BP p.l.c. and Hudbay Minerals Inc.. 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. HBM - 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%.
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
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%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
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%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
Frequently Asked Questions
BP and HBM have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (25.29%) compared to BP (8.20%). In terms of maximum drawdown, BP dropped -74.94% vs HBM's -92.21%.
HBM currently has the higher Sharpe Ratio (2.96 vs 2.14), 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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