BLDP vs. ^GSPC
Compare and contrast key facts about Ballard Power Systems Inc. (BLDP) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLDP or ^GSPC.
Correlation
The correlation between BLDP and ^GSPC is 0.38, 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.
Performance
BLDP vs. ^GSPC - Performance Comparison
Key characteristics
BLDP:
-0.81
^GSPC:
1.90
BLDP:
-1.18
^GSPC:
2.54
BLDP:
0.87
^GSPC:
1.35
BLDP:
-0.53
^GSPC:
2.87
BLDP:
-1.39
^GSPC:
11.84
BLDP:
37.79%
^GSPC:
2.06%
BLDP:
64.86%
^GSPC:
12.86%
BLDP:
-99.55%
^GSPC:
-56.78%
BLDP:
-98.77%
^GSPC:
-2.30%
Returns By Period
In the year-to-date period, BLDP achieves a -1.81% return, which is significantly lower than ^GSPC's 1.16% return. Over the past 10 years, BLDP has underperformed ^GSPC with an annualized return of 0.41%, while ^GSPC has yielded a comparatively higher 11.44% annualized return.
BLDP
-1.81%
1.88%
-34.01%
-51.20%
-33.07%
0.41%
^GSPC
1.16%
-2.04%
6.47%
24.84%
12.36%
11.44%
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Risk-Adjusted Performance
BLDP vs. ^GSPC — Risk-Adjusted Performance Rank
BLDP
^GSPC
BLDP vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballard Power Systems Inc. (BLDP) and S&P 500 (^GSPC). 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.
Drawdowns
BLDP vs. ^GSPC - Drawdown Comparison
The maximum BLDP drawdown since its inception was -99.55%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BLDP and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BLDP vs. ^GSPC - Volatility Comparison
Ballard Power Systems Inc. (BLDP) has a higher volatility of 22.26% compared to S&P 500 (^GSPC) at 4.97%. This indicates that BLDP's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.