Which stocks are most correlated with BHP?

Based on one year of daily returns, the stocks most correlated with BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) are PICK (0.90), RIO (0.88) and ICOP (0.87). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BHP?

Over the past year, the stocks most inversely correlated with BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) are JDST (-0.67), EDZ (-0.67) and EEV (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) — Stock Correlations & Overview

Over the past year, BHP has moved most closely with PICK, RIO, ICOP. Explore the stocks most correlated and inversely correlated with BHP below, along with its price, financials, and company profile.

Stocks correlated with BHP

Correlation of daily returns. Higher positive values move with BHP; negative values move opposite it. Informational only, not investment advice.

Most correlated with BHP

Symbol	Company	Correlation
PICK	iShares MSCI Global Metals & Mining Producers ETF	0.90
RIO	Rio Tinto plc	0.88
ICOP	iShares Copper and Metals Mining ETF	0.87
COPX	Global X Copper Miners ETF (NEW)	0.83
MXI	iShares Global Materials ETF	0.83

Most inversely correlated with BHP

Symbol	Company	Correlation
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.67
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.67
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.67
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.66
EUM	ProShares Trust Short MSCI Emerging Markets	-0.66

Frequently asked questions about BHP correlations

Which stocks are most correlated with BHP?: Based on one year of daily returns, the stocks most correlated with BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) are PICK (0.90), RIO (0.88) and ICOP (0.87). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BHP?: Over the past year, the stocks most inversely correlated with BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) are JDST (-0.67), EDZ (-0.67) and EEV (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BHP correlations calculated?: We compute the correlation of daily returns between BHP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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