NXE vs. BHP
NXE (NexGen Energy Ltd.) and BHP (BHP Group Limited) are both stocks. NXE operates in Uranium (Energy), while BHP operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, NXE returned 18.30%/yr vs 21.51%/yr for BHP. At a 0.37 correlation, their price movements are largely independent.
Performance
NXE vs. BHP - Performance Comparison
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Returns By Period
In the year-to-date period, NXE achieves a 12.61% return, which is significantly lower than BHP's 38.93% return. Over the past 10 years, NXE has underperformed BHP with an annualized return of 18.30%, while BHP has yielded a comparatively higher 21.51% annualized return.
NXE
- 1D
- -0.86%
- 1M
- -2.81%
- YTD
- 12.61%
- 6M
- 9.98%
- 1Y
- 55.09%
- 3Y*
- 31.56%
- 5Y*
- 19.06%
- 10Y*
- 18.30%
BHP
- 1D
- -4.12%
- 1M
- -2.78%
- YTD
- 38.93%
- 6M
- 37.31%
- 1Y
- 83.05%
- 3Y*
- 16.92%
- 5Y*
- 14.92%
- 10Y*
- 21.51%
NXE vs. BHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXE NexGen Energy Ltd. | 12.61% | 39.39% | -5.71% | 58.01% | 1.37% | 58.33% | 115.63% | -28.09% | -30.47% | 48.75% |
BHP BHP Group Limited | 38.93% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 25.37% | 24.50% | 10.55% | 33.87% |
Correlation
The correlation between NXE and BHP is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.37 |
Fundamentals
NXE:
$6.85B
BHP:
$209.29B
NXE:
-CA$0.69
BHP:
$8.51
NXE:
5.70
BHP:
4.15
NXE:
CA$0.00
BHP:
$107.64B
NXE:
-CA$992.64K
BHP:
$89.04B
NXE:
-CA$247.46M
BHP:
$52.23B
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Return for Risk
NXE vs. BHP — Risk / Return Rank
NXE
BHP
NXE vs. BHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXE) and BHP Group Limited (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.
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.
| NXE | BHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.22 | -2.56 |
| Martin ratioReturn relative to average drawdown | 4.57 | 15.48 | -10.91 |
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Drawdowns
NXE vs. BHP - Drawdown Comparison
The maximum NXE drawdown since its inception was -82.98%, which is greater than BHP's maximum drawdown of -76.22%. Use the drawdown chart below to compare losses from any high point for NXE and BHP.
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Drawdown Indicators
| NXE | BHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.98% | -76.22% | -6.76% |
Max Drawdown (1Y)Largest decline over 1 year | -33.41% | -19.80% | -13.61% |
Max Drawdown (3Y)Largest decline over 3 years | -54.28% | -37.21% | -17.07% |
Max Drawdown (5Y)Largest decline over 5 years | -54.28% | -37.21% | -17.07% |
Max Drawdown (10Y)Largest decline over 10 years | -82.98% | -44.29% | -38.69% |
Current DrawdownCurrent decline from peak | -25.57% | -11.70% | -13.87% |
Average DrawdownAverage peak-to-trough decline | -28.62% | -21.27% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.08% | 5.38% | +6.70% |
Volatility
NXE vs. BHP - Volatility Comparison
NexGen Energy Ltd. (NXE) has a higher volatility of 21.58% compared to BHP Group Limited (BHP) at 13.45%. This indicates that NXE'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.
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Volatility by Period
| NXE | BHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.58% | 13.45% | +8.13% |
Volatility (6M)Calculated over the trailing 6-month period | 40.65% | 27.37% | +13.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.52% | 32.60% | +22.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.05% | 32.46% | +25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.54% | 32.26% | +29.28% |
Dividends
NXE vs. BHP - Dividend Comparison
NXE has not paid dividends to shareholders, while BHP's dividend yield for the trailing twelve months is around 3.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group Limited | 3.23% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
NXE NexGen Energy Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NXE vs. BHP - Financials Comparison
This section allows you to compare key financial metrics between NexGen Energy Ltd. and BHP Group Limited. 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
Frequently Asked Questions
NXE and BHP have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXE has higher volatility (21.58%) compared to BHP (13.45%). In terms of maximum drawdown, NXE dropped -82.98% vs BHP's -76.22%.
BHP currently has the higher Sharpe Ratio (2.56 vs 1.00), 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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