BKH vs. ^SP500TR

Last updated Apr 2, 2026

Compare and contrast key facts about Black Hills Corporation (BKH) and S&P 500 Total Return (^SP500TR).

Performance

BKH vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Black Hills Corporation (BKH) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

BKH vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BKH Black Hills Corporation	1.64%	23.93%	13.57%	-19.95%	3.08%	18.86%	-19.05%	28.60%	7.98%	0.81%
^SP500TR S&P 500 Total Return	-3.64%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%

Returns By Period

In the year-to-date period, BKH achieves a 1.64% return, which is significantly higher than ^SP500TR's -3.64% return. Over the past 10 years, BKH has underperformed ^SP500TR with an annualized return of 5.06%, while ^SP500TR has yielded a comparatively higher 14.17% annualized return.

BKH

• 1D: 0.69%
• 1M: -4.90%
• YTD: 1.64%
• 6M: 17.79%
• 1Y: 19.75%
• 3Y*: 8.13%
• 5Y*: 5.08%
• 10Y*: 5.06%

^SP500TR

• 1D: 0.72%
• 1M: -4.34%
• YTD: -3.64%
• 6M: -1.43%
• 1Y: 18.20%
• 3Y*: 18.60%
• 5Y*: 11.96%
• 10Y*: 14.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BKH vs. ^SP500TR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKH

BKH Risk / Return Rank: 71
BKH Sharpe Ratio Rank: 74
BKH Sortino Ratio Rank: 66
BKH Omega Ratio Rank: 64
BKH Calmar Ratio Rank: 75
BKH Martin Ratio Rank: 74

^SP500TR

^SP500TR Risk / Return Rank: 72
^SP500TR Sharpe Ratio Rank: 66
^SP500TR Sortino Ratio Rank: 69
^SP500TR Omega Ratio Rank: 74
^SP500TR Calmar Ratio Rank: 67
^SP500TR Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKH vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Black Hills Corporation (BKH) and S&P 500 Total Return (^SP500TR). 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.

	BKH	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	1.01	1.00	+0.02
Sortino ratio Return per unit of downside risk	1.44	1.52	-0.08
Omega ratio Gain probability vs. loss probability	1.19	1.23	-0.05
Calmar ratio Return relative to maximum drawdown	1.93	1.54	+0.39
Martin ratio Return relative to average drawdown	4.55	7.32	-2.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKH vs. ^SP500TR - Sharpe Ratio Comparison

The current BKH Sharpe Ratio is 1.01, which is comparable to the ^SP500TR Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of BKH and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BKH	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.00	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.71	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.79	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.62	-0.19

Correlation

The correlation between BKH and ^SP500TR is 0.37, 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.

Drawdowns

BKH vs. ^SP500TR - Drawdown Comparison

The maximum BKH drawdown since its inception was -65.72%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BKH and ^SP500TR.

Drawdown Indicators

	BKH	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-65.72%	-55.25%	-10.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-12.12%	+1.67%
Max Drawdown (5Y) Largest decline over 5 years	-36.98%	-24.49%	-12.49%
Max Drawdown (10Y) Largest decline over 10 years	-40.45%	-33.79%	-6.66%
Current Drawdown Current decline from peak	-7.75%	-5.55%	-2.20%
Average Drawdown Average peak-to-trough decline	-16.25%	-8.20%	-8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.43%	2.55%	+1.88%

Volatility

BKH vs. ^SP500TR - Volatility Comparison

Black Hills Corporation (BKH) has a higher volatility of 6.87% compared to S&P 500 Total Return (^SP500TR) at 5.38%. This indicates that BKH's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKH	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	5.38%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	9.55%	+5.27%
Volatility (1Y) Calculated over the trailing 1-year period	19.58%	18.32%	+1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	16.90%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.29%	18.05%	+7.24%