ABAT vs. BKLC
Compare and contrast key facts about American Battery Technology Company Common Stock (ABAT) and BNY Mellon US Large Cap Core Equity ETF (BKLC).
BKLC is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Large Cap Index. It was launched on Apr 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABAT or BKLC.
Key characteristics
| ABAT | BKLC | |
|---|---|---|
| YTD Return | -72.07% | 11.88% |
| 1Y Return | -88.34% | 33.47% |
| 3Y Return (Ann) | -61.71% | 10.46% |
| Sharpe Ratio | -0.94 | 2.76 |
| Daily Std Dev | 93.61% | 11.88% |
| Max Drawdown | -98.69% | -26.14% |
| Current Drawdown | -97.86% | 0.00% |
Correlation
The correlation between ABAT and BKLC is 0.22, 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.
Performance
ABAT vs. BKLC - Performance Comparison
In the year-to-date period, ABAT achieves a -72.07% return, which is significantly lower than BKLC's 11.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ABAT vs. BKLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Battery Technology Company Common Stock (ABAT) and BNY Mellon US Large Cap Core Equity ETF (BKLC). 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.
Dividends
ABAT vs. BKLC - Dividend Comparison
ABAT has not paid dividends to shareholders, while BKLC's dividend yield for the trailing twelve months is around 1.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
ABAT American Battery Technology Company Common Stock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.28% | 1.35% | 1.64% | 1.10% | 0.84% |
Drawdowns
ABAT vs. BKLC - Drawdown Comparison
The maximum ABAT drawdown since its inception was -98.69%, which is greater than BKLC's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for ABAT and BKLC. For additional features, visit the drawdowns tool.
Volatility
ABAT vs. BKLC - Volatility Comparison
American Battery Technology Company Common Stock (ABAT) has a higher volatility of 12.65% compared to BNY Mellon US Large Cap Core Equity ETF (BKLC) at 3.54%. This indicates that ABAT's price experiences larger fluctuations and is considered to be riskier than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.