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BLDP.TO vs. SPY

Last updated May 27, 2023

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.

Key characteristics


BLDP.TOSPY
YTD Return-9.72%10.25%
1Y Return-37.70%5.39%
5Y Return (Ann)8.71%10.95%
10Y Return (Ann)12.02%11.77%
Sharpe Ratio-0.530.35
Daily Std Dev63.08%21.18%
Max Drawdown-99.69%-55.19%

Correlation

0.35
-1.001.00

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.


-30.00%-20.00%-10.00%0.00%10.00%20.00%December2023FebruaryMarchAprilMay
-23.80%
6.98%
BLDP.TO
SPY

Compare stocks, funds, or ETFs


Ballard Power Systems Inc.

SPDR S&P 500 ETF

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%.


TTM20222021202020192018201720162015201420132012
BLDP.TO
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%
SPY
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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BLDP.TO
Ballard Power Systems Inc.
-0.53
SPY
SPDR S&P 500 ETF
0.35

BLDP.TO vs. SPY - Sharpe Ratio Comparison

The current BLDP.TO Sharpe Ratio is -0.60, which is lower than the SPY Sharpe Ratio of 0.20. The chart below compares the 12-month rolling Sharpe Ratio of BLDP.TO and SPY.


-0.80-0.60-0.40-0.200.000.200.40December2023FebruaryMarchAprilMay
-0.60
0.20
BLDP.TO
SPY

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


-80.00%-60.00%-40.00%-20.00%December2023FebruaryMarchAprilMay
-89.52%
-10.31%
BLDP.TO
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.


5.00%10.00%15.00%20.00%25.00%December2023FebruaryMarchAprilMay
15.96%
3.82%
BLDP.TO
SPY