BLDP.TO vs. SPY
Compare and contrast key facts about Ballard Power Systems Inc. (BLDP.TO) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLDP.TO or SPY.
|5Y Return (Ann)||8.71%||10.95%|
|10Y Return (Ann)||12.02%||11.77%|
|Daily Std Dev||63.08%||21.18%|
The correlation between BLDP.TO and SPY is 0.35, 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.
BLDP.TO vs. SPY - Performance Comparison
In the year-to-date period, BLDP.TO achieves a -9.72% return, which is significantly lower than SPY's 10.25% return. Both investments have delivered pretty close results over the past 10 years, with BLDP.TO having a 12.02% annualized return and SPY not far behind at 11.77%. 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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BLDP.TO vs. SPY - Dividend Comparison
BLDP.TO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.86%.
|Ballard Power Systems Inc.||0.00%||0.00%||0.00%||0.00%||0.00%||0.00%||0.00%||0.00%||0.00%||0.00%||0.00%||0.00%|
|SPDR S&P 500 ETF||1.86%||1.66%||1.23%||1.57%||1.84%||2.19%||1.97%||2.26%||2.35%||2.17%||2.15%||2.63%|
BLDP.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballard Power Systems Inc. (BLDP.TO) 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.
|Sharpe ratio||Sortino ratio||Omega ratio||Calmar ratio||Ulcer Index|
|Ballard Power Systems Inc.||-0.53|
|SPDR S&P 500 ETF||0.35|
BLDP.TO vs. SPY - Drawdown Comparison
The maximum BLDP.TO drawdown for the period was -89.71%, lower than the maximum SPY drawdown of -19.87%. The drawdown chart below compares losses from any high point along the way for BLDP.TO and SPY
BLDP.TO vs. SPY - Volatility Comparison
Ballard Power Systems Inc. (BLDP.TO) has a higher volatility of 15.96% compared to SPDR S&P 500 ETF (SPY) at 3.82%. This indicates that BLDP.TO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.