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BKH vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BKH and SPY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


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Performance

BKH vs. SPY - Performance Comparison

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

-5.00%0.00%5.00%10.00%15.00%AugustSeptemberOctoberNovemberDecember2025
-0.57%
4.33%
BKH
SPY

Key characteristics

Sharpe Ratio

BKH:

0.26

SPY:

1.90

Sortino Ratio

BKH:

0.51

SPY:

2.54

Omega Ratio

BKH:

1.06

SPY:

1.35

Calmar Ratio

BKH:

0.15

SPY:

2.86

Martin Ratio

BKH:

1.12

SPY:

12.22

Ulcer Index

BKH:

4.69%

SPY:

1.97%

Daily Std Dev

BKH:

20.02%

SPY:

12.69%

Max Drawdown

BKH:

-65.73%

SPY:

-55.19%

Current Drawdown

BKH:

-22.33%

SPY:

-4.17%

Returns By Period

In the year-to-date period, BKH achieves a -4.75% return, which is significantly lower than SPY's -0.95% return. Over the past 10 years, BKH has underperformed SPY with an annualized return of 4.38%, while SPY has yielded a comparatively higher 13.19% annualized return.


BKH

YTD

-4.75%

1M

-8.59%

6M

-0.57%

1Y

9.11%

5Y*

-3.02%

10Y*

4.38%

SPY

YTD

-0.95%

1M

-3.62%

6M

4.33%

1Y

23.34%

5Y*

13.85%

10Y*

13.19%

*Annualized

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Black Hills Corporation

SPDR S&P 500 ETF

Risk-Adjusted Performance

BKH vs. SPY — Risk-Adjusted Performance Rank

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

BKH
The Risk-Adjusted Performance Rank of BKH is 5656
Overall Rank
The Sharpe Ratio Rank of BKH is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of BKH is 5050
Sortino Ratio Rank
The Omega Ratio Rank of BKH is 4949
Omega Ratio Rank
The Calmar Ratio Rank of BKH is 5757
Calmar Ratio Rank
The Martin Ratio Rank of BKH is 6363
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 8282
Overall Rank
The Sharpe Ratio Rank of SPY is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 7979
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 8181
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 8282
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BKH vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Black Hills Corporation (BKH) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for BKH, currently valued at 0.26, compared to the broader market-4.00-2.000.002.000.261.90
The chart of Sortino ratio for BKH, currently valued at 0.51, compared to the broader market-4.00-2.000.002.004.000.512.54
The chart of Omega ratio for BKH, currently valued at 1.06, compared to the broader market0.501.001.502.001.061.35
The chart of Calmar ratio for BKH, currently valued at 0.15, compared to the broader market0.002.004.006.000.152.86
The chart of Martin ratio for BKH, currently valued at 1.12, compared to the broader market0.0010.0020.001.1212.22
BKH
SPY

The current BKH Sharpe Ratio is 0.26, which is lower than the SPY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of BKH and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00AugustSeptemberOctoberNovemberDecember2025
0.26
1.90
BKH
SPY

Dividends

BKH vs. SPY - Dividend Comparison

BKH's dividend yield for the trailing twelve months is around 4.66%, more than SPY's 1.22% yield.


TTM20242023202220212020201920182017201620152014
BKH
Black Hills Corporation
4.66%4.44%4.63%3.43%3.25%3.53%2.61%3.07%3.01%2.74%3.49%2.94%
SPY
SPDR S&P 500 ETF
1.22%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

BKH vs. SPY - Drawdown Comparison

The maximum BKH drawdown since its inception was -65.73%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BKH and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-22.33%
-4.17%
BKH
SPY

Volatility

BKH vs. SPY - Volatility Comparison

Black Hills Corporation (BKH) and SPDR S&P 500 ETF (SPY) have volatilities of 4.92% and 4.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%AugustSeptemberOctoberNovemberDecember2025
4.92%
4.69%
BKH
SPY

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