RIO vs. BHP
RIO (Rio Tinto Group) and BHP (BHP Group Limited) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 10 years, RIO returned 21.20%/yr vs 22.02%/yr for BHP. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
RIO vs. BHP - Performance Comparison
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Returns By Period
In the year-to-date period, RIO achieves a 27.63% return, which is significantly lower than BHP's 44.89% return. Both investments have delivered pretty close results over the past 10 years, with RIO having a 21.20% annualized return and BHP not far ahead at 22.02%.
RIO
- 1D
- -0.72%
- 1M
- -4.67%
- YTD
- 27.63%
- 6M
- 27.51%
- 1Y
- 87.18%
- 3Y*
- 23.47%
- 5Y*
- 11.41%
- 10Y*
- 21.20%
BHP
- 1D
- -2.38%
- 1M
- 1.39%
- YTD
- 44.89%
- 6M
- 43.93%
- 1Y
- 93.76%
- 3Y*
- 18.56%
- 5Y*
- 16.27%
- 10Y*
- 22.02%
RIO vs. BHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIO Rio Tinto Group | 27.63% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
BHP BHP Group Limited | 44.89% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 25.37% | 24.50% | 10.55% | 33.87% |
Correlation
The correlation between RIO and BHP is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1990 | 0.66 |
The correlation between RIO and BHP shifts across timeframes, from 0.66 (all time) to 0.89 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RIO:
$162.79B
BHP:
$218.27B
RIO:
$13.11
BHP:
$8.51
RIO:
7.58
BHP:
10.08
RIO:
1.46
BHP:
2.03
RIO:
2.62
BHP:
4.33
RIO:
$111.41B
BHP:
$107.64B
RIO:
$31.10B
BHP:
$89.04B
RIO:
$40.42B
BHP:
$52.23B
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Return for Risk
RIO vs. BHP — Risk / Return Rank
RIO
BHP
RIO vs. BHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rio Tinto Group (RIO) 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.
| RIO | BHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 4.76 | +1.01 |
| Martin ratioReturn relative to average drawdown | 20.65 | 17.65 | +3.00 |
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Drawdowns
RIO vs. BHP - Drawdown Comparison
The maximum RIO drawdown since its inception was -88.97%, which is greater than BHP's maximum drawdown of -76.22%. Use the drawdown chart below to compare losses from any high point for RIO and BHP.
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Drawdown Indicators
| RIO | BHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.97% | -76.22% | -12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -15.19% | -19.80% | +4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -24.19% | -37.21% | +13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -37.21% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -37.47% | -44.29% | +6.82% |
Current DrawdownCurrent decline from peak | -11.32% | -7.91% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -23.75% | -21.27% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 5.33% | -1.09% |
Volatility
RIO vs. BHP - Volatility Comparison
The current volatility for Rio Tinto Group (RIO) is 10.41%, while BHP Group Limited (BHP) has a volatility of 12.86%. This indicates that RIO experiences smaller price fluctuations and is considered to be less risky 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
| RIO | BHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 12.86% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 24.57% | 27.00% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.48% | 32.37% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.32% | 32.40% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.63% | 32.32% | -1.69% |
Dividends
RIO vs. BHP - Dividend Comparison
RIO's dividend yield for the trailing twelve months is around 4.05%, more than BHP's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group Limited | 3.10% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
RIO Rio Tinto Group | 4.05% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
RIO vs. BHP - Financials Comparison
This section allows you to compare key financial metrics between Rio Tinto Group 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
RIO vs. BHP - Profitability Comparison
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. Therefore, the gross margin over that period was 26.6%.
BHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BHP Group Limited reported a gross profit of 11.98B and revenue of 27.95B. Therefore, the gross margin over that period was 42.9%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
BHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BHP Group Limited reported an operating income of 11.98B and revenue of 27.95B, resulting in an operating margin of 42.9%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
BHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BHP Group Limited reported a net income of 5.65B and revenue of 27.95B, resulting in a net margin of 20.2%.
Frequently Asked Questions
RIO and BHP have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHP has higher volatility (12.86%) compared to RIO (10.41%). In terms of maximum drawdown, RIO dropped -88.97% vs BHP's -76.22%.
RIO currently has the higher Sharpe Ratio (2.98 vs 2.92), 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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