MP vs. BHP

Last updated Apr 1, 2026

Compare and contrast key facts about MP Materials Corp. (MP) and BHP Group (BHP).

Performance

MP vs. BHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MP Materials Corp. (MP) and BHP Group (BHP). The values are adjusted to include any dividend payments, if applicable.

MP vs. BHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MP MP Materials Corp.	-4.47%	223.85%	-21.41%	-18.25%	-46.54%	41.19%	221.70%
BHP BHP Group	22.86%	28.91%	-24.64%	16.50%	44.34%	0.91%	35.70%

Fundamentals

Market Cap MP : $9.61B BHP : $185.09B
EPS MP : -$0.48 BHP : $8.51
PS Ratio MP : 38.57 BHP : 1.72
PB Ratio MP : 6.14 BHP : 3.67
Total Revenue (TTM) MP : $224.44M BHP : $107.64B
Gross Profit (TTM) MP : -$18.14M BHP : $89.04B
EBITDA (TTM) MP : -$19.06M BHP : $52.23B

Returns By Period

In the year-to-date period, MP achieves a -4.47% return, which is significantly lower than BHP's 22.86% return.

MP

• 1D: 5.86%
• 1M: -18.02%
• YTD: -4.47%
• 6M: -28.05%
• 1Y: 97.71%
• 3Y*: 19.63%
• 5Y*: 6.54%
• 10Y*: —

BHP

• 1D: 5.39%
• 1M: -9.07%
• YTD: 22.86%
• 6M: 33.04%
• 1Y: 56.18%
• 3Y*: 9.75%
• 5Y*: 13.16%
• 10Y*: 20.74%

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

Return for Risk

MP vs. BHP — Risk / Return Rank

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

MP

MP Risk / Return Rank: 75
MP Sharpe Ratio Rank: 76
MP Sortino Ratio Rank: 82
MP Omega Ratio Rank: 75
MP Calmar Ratio Rank: 74
MP Martin Ratio Rank: 68

BHP

BHP Risk / Return Rank: 86
BHP Sharpe Ratio Rank: 88
BHP Sortino Ratio Rank: 84
BHP Omega Ratio Rank: 82
BHP Calmar Ratio Rank: 85
BHP Martin Ratio Rank: 90

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.

MP vs. BHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) and BHP Group (BHP). 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.

	MP	BHP	Difference
Sharpe ratio Return per unit of total volatility	1.00	1.74	-0.74
Sortino ratio Return per unit of downside risk	2.16	2.31	-0.15
Omega ratio Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio Return relative to maximum drawdown	1.60	2.78	-1.18
Martin ratio Return relative to average drawdown	3.04	10.26	-7.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MP vs. BHP - Sharpe Ratio Comparison

The current MP Sharpe Ratio is 1.00, which is lower than the BHP Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of MP and BHP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MP	BHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.74	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.41	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.31	+0.12

Correlation

The correlation between MP and BHP is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MP vs. BHP - Dividend Comparison

MP has not paid dividends to shareholders, while BHP's dividend yield for the trailing twelve months is around 3.66%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MP MP Materials Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BHP BHP Group	3.66%	3.64%	5.98%	4.98%	22.44%	9.98%	3.67%	8.59%	4.89%	3.61%	1.68%	9.38%

Drawdowns

MP vs. BHP - Drawdown Comparison

The maximum MP drawdown since its inception was -81.99%, which is greater than BHP's maximum drawdown of -76.22%. Use the drawdown chart below to compare losses from any high point for MP and BHP.

Drawdown Indicators

	MP	BHP	Difference
Max Drawdown Largest peak-to-trough decline	-81.99%	-76.22%	-5.77%
Max Drawdown (1Y) Largest decline over 1 year	-53.79%	-19.80%	-33.99%
Max Drawdown (5Y) Largest decline over 5 years	-81.99%	-37.21%	-44.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.29%	—
Current Drawdown Current decline from peak	-51.08%	-10.65%	-40.43%
Average Drawdown Average peak-to-trough decline	-42.80%	-21.37%	-21.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.20%	5.36%	+22.84%

Volatility

MP vs. BHP - Volatility Comparison

MP Materials Corp. (MP) has a higher volatility of 20.67% compared to BHP Group (BHP) at 12.91%. This indicates that MP's price experiences larger fluctuations and is considered to be riskier than BHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MP	BHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.67%	12.91%	+7.76%
Volatility (6M) Calculated over the trailing 6-month period	57.18%	22.72%	+34.46%
Volatility (1Y) Calculated over the trailing 1-year period	98.01%	32.44%	+65.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.40%	31.93%	+37.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.59%	32.59%	+40.00%

Financials

MP vs. BHP - Profitability Comparison

The chart below illustrates the profitability comparison between MP Materials Corp. and BHP Group over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MP Materials Corp. reported a gross profit of 0.00 and revenue of 52.69M. Therefore, the gross margin over that period was 0.0%.

BHP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BHP Group reported a gross profit of 11.98B and revenue of 27.95B. Therefore, the gross margin over that period was 42.9%.

MP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MP Materials Corp. reported an operating income of 0.00 and revenue of 52.69M, resulting in an operating margin of 0.0%.

BHP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BHP Group reported an operating income of 11.98B and revenue of 27.95B, resulting in an operating margin of 42.9%.

MP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MP Materials Corp. reported a net income of 9.43M and revenue of 52.69M, resulting in a net margin of 17.9%.

BHP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BHP Group reported a net income of 5.65B and revenue of 27.95B, resulting in a net margin of 20.2%.