BWLP vs. BDNNY

Last updated Jun 4, 2026

BWLP (BW LPG Limited) and BDNNY (Boliden AB ADR) are both stocks. BWLP operates in Marine Shipping (Industrials), while BDNNY operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, BWLP returned 65.84%/yr vs 17.46%/yr for BDNNY. At a 0.10 correlation, their price movements are largely independent.

Performance

BWLP vs. BDNNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BW LPG Limited (BWLP) and Boliden AB ADR (BDNNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWLP achieves a 60.26% return, which is significantly higher than BDNNY's 13.77% return. Over the past 10 years, BWLP has outperformed BDNNY with an annualized return of 65.84%, while BDNNY has yielded a comparatively lower 17.46% annualized return.

BWLP

• 1D: -0.05%
• 1M: 0.20%
• YTD: 60.26%
• 6M: 73.26%
• 1Y: 109.04%
• 3Y*: 66.19%
• 5Y*: 123.22%
• 10Y*: 65.84%

BDNNY

• 1D: -3.92%
• 1M: 20.82%
• YTD: 13.77%
• 6M: 27.05%
• 1Y: 101.20%
• 3Y*: 24.89%
• 5Y*: 11.42%
• 10Y*: 17.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BWLP vs. BDNNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWLP BW LPG Limited	60.26%	29.04%	0.32%	770.27%	272.29%	3.97%	1.05%	121.88%	7.61%	-0.95%
BDNNY Boliden AB ADR	13.77%	99.12%	-9.06%	-10.79%	2.01%	16.35%	40.33%	16.52%	-32.29%	36.21%

Correlation

The correlation between BWLP and BDNNY is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 4, 2014	0.10

Fundamentals

Market Cap BWLP : $3.07B BDNNY : $17.48B
EPS BWLP : $2.39 BDNNY : $77.44
PE Ratio BWLP : 8.47 BDNNY : 1.59
PEG Ratio BWLP : 0.44 BDNNY : 0.15
PS Ratio BWLP : 0.85 BDNNY : 0.18
PB Ratio BWLP : 1.61 BDNNY : 0.22
Total Revenue (TTM) BWLP : $3.59B BDNNY : $99.33B
Gross Profit (TTM) BWLP : $697.29M BDNNY : $17.63B
EBITDA (TTM) BWLP : $728.22M BDNNY : $25.40B

Return for Risk

BWLP vs. BDNNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BWLP

BWLP Risk / Return Rank: 90
BWLP Sharpe Ratio Rank: 94
BWLP Sortino Ratio Rank: 91
BWLP Omega Ratio Rank: 90
BWLP Calmar Ratio Rank: 88
BWLP Martin Ratio Rank: 86

BDNNY

BDNNY Risk / Return Rank: 83
BDNNY Sharpe Ratio Rank: 89
BDNNY Sortino Ratio Rank: 82
BDNNY Omega Ratio Rank: 84
BDNNY Calmar Ratio Rank: 79
BDNNY Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BWLP vs. BDNNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BW LPG Limited (BWLP) and Boliden AB ADR (BDNNY). 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.

	BWLP	BDNNY	Difference
Sharpe ratio: Return per unit of total volatility	2.93	2.16	+0.77
Sortino ratio: Return per unit of downside risk	3.34	2.42	+0.92
Omega ratio: Gain probability vs. loss probability	1.43	1.35	+0.08
Calmar ratio: Return relative to maximum drawdown	4.21	2.55	+1.67
Martin ratio: Return relative to average drawdown	9.31	7.35	+1.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWLP vs. BDNNY - Sharpe Ratio Comparison

The current BWLP Sharpe Ratio is 2.93, which is higher than the BDNNY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of BWLP and BDNNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BWLP	BDNNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	2.16	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	0.26	+0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.49	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.47	+0.15

Drawdowns

BWLP vs. BDNNY - Drawdown Comparison

The maximum BWLP drawdown since its inception was -68.80%, which is greater than BDNNY's maximum drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for BWLP and BDNNY.

Drawdown Indicators

	BWLP	BDNNY	Difference
Max Drawdown Largest peak-to-trough decline	-68.80%	-55.33%	-13.47%
Max Drawdown (1Y) Largest decline over 1 year	-26.04%	-39.97%	+13.93%
Max Drawdown (3Y) Largest decline over 3 years	-54.28%	-39.97%	-14.31%
Max Drawdown (5Y) Largest decline over 5 years	-54.28%	-47.71%	-6.57%
Max Drawdown (10Y) Largest decline over 10 years	-68.80%	-55.33%	-13.47%
Current Drawdown Current decline from peak	-10.57%	-21.72%	+11.15%
Average Drawdown Average peak-to-trough decline	-20.72%	-23.92%	+3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.76%	13.81%	-2.05%

Volatility

BWLP vs. BDNNY - Volatility Comparison

The current volatility for BW LPG Limited (BWLP) is 10.83%, while Boliden AB ADR (BDNNY) has a volatility of 17.11%. This indicates that BWLP experiences smaller price fluctuations and is considered to be less risky than BDNNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWLP	BDNNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.83%	17.11%	-6.28%
Volatility (6M) Calculated over the trailing 6-month period	28.63%	42.48%	-13.85%
Volatility (1Y) Calculated over the trailing 1-year period	37.39%	47.17%	-9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.07%	44.61%	+62.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.66%	49.00%	+40.66%

Dividends

BWLP vs. BDNNY - Dividend Comparison

BWLP's dividend yield for the trailing twelve months is around 5.89%, more than BDNNY's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDNNY Boliden AB ADR	1.94%	0.00%	2.62%	8.16%	7.07%	6.73%	1.91%	5.22%	0.00%	0.00%	0.00%	0.00%
BWLP BW LPG Limited	5.89%	10.08%	33.42%	70.60%	81.52%	24.41%	18.45%	7.70%	0.00%	0.00%	61.62%	31.19%

Financials

BWLP vs. BDNNY - Profitability Comparison

The chart below illustrates the profitability comparison between BW LPG Limited and Boliden AB ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BWLP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BW LPG Limited reported a gross profit of 280.57M and revenue of 842.01M. Therefore, the gross margin over that period was 33.3%.

BDNNY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Boliden AB ADR reported a gross profit of 5.62B and revenue of 27.82B. Therefore, the gross margin over that period was 20.2%.

BWLP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BW LPG Limited reported an operating income of 222.27M and revenue of 842.01M, resulting in an operating margin of 26.4%.

BDNNY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Boliden AB ADR reported an operating income of 5.25B and revenue of 27.82B, resulting in an operating margin of 18.9%.

BWLP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BW LPG Limited reported a net income of 164.89M and revenue of 842.01M, resulting in a net margin of 19.6%.

BDNNY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Boliden AB ADR reported a net income of 3.82B and revenue of 27.82B, resulting in a net margin of 13.7%.

Frequently Asked Questions

Can I hold both BWLP and BDNNY in my portfolio?

BWLP and BDNNY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWLP or BDNNY?

BDNNY has higher volatility (17.11%) compared to BWLP (10.83%). In terms of maximum drawdown, BWLP dropped -68.80% vs BDNNY's -55.33%.

Which has better risk-adjusted returns?

BWLP currently has the higher Sharpe Ratio (2.93 vs 2.16), 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.