Correlation
The correlation between ^BCOM and BHP is 0.15, 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.
^BCOM vs. BHP
Compare and contrast key facts about Bloomberg Commodity Index (^BCOM) and BHP Group (BHP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^BCOM or BHP.
Performance
^BCOM vs. BHP - Performance Comparison
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Key characteristics
^BCOM:
-0.30
BHP:
-0.44
^BCOM:
-0.17
BHP:
-0.53
^BCOM:
0.98
BHP:
0.93
^BCOM:
-0.04
BHP:
-0.37
^BCOM:
-0.49
BHP:
-0.88
^BCOM:
4.79%
BHP:
15.67%
^BCOM:
12.83%
BHP:
28.58%
^BCOM:
-75.00%
BHP:
-75.95%
^BCOM:
-57.98%
BHP:
-23.52%
Returns By Period
In the year-to-date period, ^BCOM achieves a 1.24% return, which is significantly lower than BHP's 2.35% return. Over the past 10 years, ^BCOM has underperformed BHP with an annualized return of -0.21%, while BHP has yielded a comparatively higher 8.55% annualized return.
^BCOM
1.24%
-0.84%
1.88%
-2.92%
-8.69%
9.49%
-0.21%
BHP
2.35%
2.68%
-5.08%
-13.67%
-1.82%
10.59%
8.55%
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Risk-Adjusted Performance
^BCOM vs. BHP — Risk-Adjusted Performance Rank
^BCOM
BHP
^BCOM vs. BHP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bloomberg Commodity Index (^BCOM) 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.
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Drawdowns
^BCOM vs. BHP - Drawdown Comparison
The maximum ^BCOM drawdown since its inception was -75.00%, roughly equal to the maximum BHP drawdown of -75.95%. Use the drawdown chart below to compare losses from any high point for ^BCOM and BHP.
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Volatility
^BCOM vs. BHP - Volatility Comparison
The current volatility for Bloomberg Commodity Index (^BCOM) is 3.40%, while BHP Group (BHP) has a volatility of 5.10%. This indicates that ^BCOM 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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