HBM vs. BMI
HBM (Hudbay Minerals Inc.) and BMI (Badger Meter, Inc.) are both stocks. HBM operates in Copper (Basic Materials), while BMI operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, HBM returned 19.31%/yr vs 14.99%/yr for BMI. At a 0.29 correlation, their price movements are largely independent.
Performance
HBM vs. BMI - Performance Comparison
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Returns By Period
In the year-to-date period, HBM achieves a 40.23% return, which is significantly higher than BMI's -24.02% return. Over the past 10 years, HBM has outperformed BMI with an annualized return of 19.31%, while BMI has yielded a comparatively lower 14.99% annualized return.
HBM
- 1D
- 4.43%
- 1M
- 0.32%
- YTD
- 40.23%
- 6M
- 49.02%
- 1Y
- 189.83%
- 3Y*
- 78.89%
- 5Y*
- 31.42%
- 10Y*
- 19.31%
BMI
- 1D
- 0.93%
- 1M
- 13.87%
- YTD
- -24.02%
- 6M
- -28.30%
- 1Y
- -45.59%
- 3Y*
- -3.92%
- 5Y*
- 7.71%
- 10Y*
- 14.99%
HBM vs. BMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 40.23% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
BMI Badger Meter, Inc. | -24.02% | -17.15% | 38.28% | 42.58% | 3.23% | 14.11% | 46.37% | 33.46% | 4.09% | 30.91% |
Correlation
The correlation between HBM and BMI is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.29 |
Over the past year, the correlation between HBM and BMI has dropped to 0.08 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
HBM:
$11.09B
BMI:
$3.87B
HBM:
$1.65
BMI:
$4.42
HBM:
16.83
BMI:
29.78
HBM:
0.12
BMI:
1.25
HBM:
4.68
BMI:
4.34
HBM:
3.13
BMI:
3.98
HBM:
$2.37B
BMI:
$896.73M
HBM:
$828.54M
BMI:
$370.96M
HBM:
$1.54B
BMI:
$199.34M
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Return for Risk
HBM vs. BMI — Risk / Return Rank
HBM
BMI
HBM vs. BMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) and Badger Meter, Inc. (BMI). 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.
| HBM | BMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.27 | ||
| Sortino ratioReturn per unit of downside risk | +4.57 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.79 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | -0.85 | +6.13 |
| Martin ratioReturn relative to average drawdown | 16.41 | -1.38 | +17.79 |
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Drawdowns
HBM vs. BMI - Drawdown Comparison
The maximum HBM drawdown since its inception was -92.21%, which is greater than BMI's maximum drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for HBM and BMI.
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Drawdown Indicators
| HBM | BMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -68.22% | -23.99% |
Max Drawdown (1Y)Largest decline over 1 year | -36.16% | -53.79% | +17.63% |
Max Drawdown (3Y)Largest decline over 3 years | -41.11% | -55.06% | +13.95% |
Max Drawdown (5Y)Largest decline over 5 years | -63.33% | -55.06% | -8.27% |
Max Drawdown (10Y)Largest decline over 10 years | -86.34% | -55.06% | -31.28% |
Current DrawdownCurrent decline from peak | -12.68% | -47.63% | +34.95% |
Average DrawdownAverage peak-to-trough decline | -52.45% | -19.02% | -33.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 33.04% | -21.42% |
Volatility
HBM vs. BMI - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 25.87% compared to Badger Meter, Inc. (BMI) at 9.52%. This indicates that HBM's price experiences larger fluctuations and is considered to be riskier than BMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBM | BMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.87% | 9.52% | +16.35% |
Volatility (6M)Calculated over the trailing 6-month period | 47.72% | 38.68% | +9.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.13% | 44.17% | +14.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.51% | 33.88% | +21.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.82% | 33.67% | +25.15% |
Dividends
HBM vs. BMI - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.08%, less than BMI's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMI Badger Meter, Inc. | 1.21% | 0.85% | 0.58% | 0.64% | 0.78% | 0.71% | 0.74% | 0.99% | 1.14% | 1.03% | 1.16% | 1.33% |
HBM Hudbay Minerals Inc. | 0.08% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
Financials
HBM vs. BMI - Financials Comparison
This section allows you to compare key financial metrics between Hudbay Minerals Inc. and Badger Meter, 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
HBM vs. BMI - Profitability Comparison
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%.
BMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a gross profit of 84.33M and revenue of 202.28M. Therefore, the gross margin over that period was 41.7%.
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%.
BMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported an operating income of 35.17M and revenue of 202.28M, resulting in an operating margin of 17.4%.
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%.
BMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a net income of 27.34M and revenue of 202.28M, resulting in a net margin of 13.5%.
Frequently Asked Questions
HBM and BMI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (25.87%) compared to BMI (9.52%). In terms of maximum drawdown, HBM dropped -92.21% vs BMI's -68.22%.
HBM currently has the higher Sharpe Ratio (3.23 vs -1.03), 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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