BKH vs. PH
BKH (Black Hills Corporation) and PH (Parker-Hannifin Corporation) are both stocks. BKH operates in Utilities - Diversified (Utilities), while PH operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, BKH returned 5.15%/yr vs 24.75%/yr for PH. At a 0.26 correlation, their price movements are largely independent.
Performance
BKH vs. PH - Performance Comparison
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Returns By Period
In the year-to-date period, BKH achieves a 5.99% return, which is significantly higher than PH's 0.89% return. Over the past 10 years, BKH has underperformed PH with an annualized return of 5.15%, while PH has yielded a comparatively higher 24.75% annualized return.
BKH
- 1D
- -0.81%
- 1M
- -3.13%
- YTD
- 5.99%
- 6M
- 4.93%
- 1Y
- 31.40%
- 3Y*
- 9.12%
- 5Y*
- 5.05%
- 10Y*
- 5.15%
PH
- 1D
- 0.09%
- 1M
- 0.49%
- YTD
- 0.89%
- 6M
- 0.81%
- 1Y
- 32.71%
- 3Y*
- 36.81%
- 5Y*
- 25.26%
- 10Y*
- 24.75%
BKH vs. PH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKH Black Hills Corporation | 5.99% | 23.93% | 13.57% | -19.95% | 3.08% | 18.86% | -19.05% | 28.60% | 7.98% | 0.81% |
PH Parker-Hannifin Corporation | 0.89% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
Correlation
The correlation between BKH and PH is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 1985 | 0.26 |
Fundamentals
BKH:
$5.46B
PH:
$113.04B
BKH:
$2.10
PH:
$27.11
BKH:
34.46
PH:
32.58
BKH:
20.56
PH:
1.37
BKH:
2.34
PH:
5.40
BKH:
$2.29B
PH:
$20.99B
BKH:
$596.90M
PH:
$7.81B
BKH:
$554.70M
PH:
$5.31B
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Return for Risk
BKH vs. PH — Risk / Return Rank
BKH
PH
BKH vs. PH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Black Hills Corporation (BKH) and Parker-Hannifin Corporation (PH). 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 | PH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 1.70 | +1.32 |
| Martin ratioReturn relative to average drawdown | 9.08 | 5.17 | +3.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKH | PH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.34 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.89 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.78 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.44 | 0.00 |
Drawdowns
BKH vs. PH - Drawdown Comparison
The maximum BKH drawdown since its inception was -65.72%, roughly equal to the maximum PH drawdown of -66.92%. Use the drawdown chart below to compare losses from any high point for BKH and PH.
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Drawdown Indicators
| BKH | PH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.72% | -66.92% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -19.34% | +8.89% |
Max Drawdown (3Y)Largest decline over 3 years | -23.55% | -26.79% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -36.98% | -28.64% | -8.34% |
Max Drawdown (10Y)Largest decline over 10 years | -40.45% | -54.68% | +14.23% |
Current DrawdownCurrent decline from peak | -5.14% | -13.48% | +8.34% |
Average DrawdownAverage peak-to-trough decline | -16.20% | -15.33% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 6.34% | -2.87% |
Volatility
BKH vs. PH - Volatility Comparison
Black Hills Corporation (BKH) has a higher volatility of 6.20% compared to Parker-Hannifin Corporation (PH) at 5.59%. This indicates that BKH's price experiences larger fluctuations and is considered to be riskier than PH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKH | PH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 5.59% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 18.60% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 24.62% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.11% | 28.61% | -6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 31.69% | -6.30% |
Dividends
BKH vs. PH - Dividend Comparison
BKH's dividend yield for the trailing twelve months is around 3.82%, more than PH's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKH Black Hills Corporation | 3.82% | 3.90% | 4.44% | 4.63% | 3.43% | 3.25% | 3.53% | 2.61% | 3.07% | 3.01% | 2.74% | 3.49% |
PH Parker-Hannifin Corporation | 0.84% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
BKH vs. PH - Financials Comparison
This section allows you to compare key financial metrics between Black Hills Corporation and Parker-Hannifin Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BKH vs. PH - Profitability Comparison
BKH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Black Hills Corporation reported a gross profit of 0.00 and revenue of 780.70M. Therefore, the gross margin over that period was 0.0%.
PH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a gross profit of 2.02B and revenue of 5.49B. Therefore, the gross margin over that period was 36.8%.
BKH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Black Hills Corporation reported an operating income of 201.90M and revenue of 780.70M, resulting in an operating margin of 25.9%.
PH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported an operating income of 1.13B and revenue of 5.49B, resulting in an operating margin of 20.7%.
BKH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Black Hills Corporation reported a net income of -2.10M and revenue of 780.70M, resulting in a net margin of -0.3%.
PH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a net income of 904.00M and revenue of 5.49B, resulting in a net margin of 16.5%.
Frequently Asked Questions
BKH and PH have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKH has higher volatility (6.20%) compared to PH (5.59%). In terms of maximum drawdown, BKH dropped -65.72% vs PH's -66.92%.
BKH currently has the higher Sharpe Ratio (1.56 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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