BHP is one of the largest cap.

BHP also produces smaller amounts of useful products like uranium and gold, but yes investing in BHP now, doesn't look so attractive ( at these prices ). however the main holding was bought before the S32 demerger, and therefore before the WDS spin-off, so that lot is looking OK ( on a 'return on investment' basis ), the smaller holdings bought in April 2023 are marginally in the green ( currently ) and will probably be 'averaged down ' in the meaningful dips.

Stocks listed on the ASX will get the benefit of 'lazy investors ' buying passive ETFs whether BHP deserves the extra support or not

now another question is BHP being a mining behemoth, is it liable to fail ( go to zero ) or at least pausing div? payouts for 2 or 3 consecutive years?

no guarantees, but probably not,

so is BHP a bond replacement option ( along with term deposits ) because BHP is unlikely to go multi-bagger now, in the next 10 years $BHP Group Ltd(BHP.AU)$ $BHP Group Ltd(BHP.US)$