BLDP vs. SPY
Compare and contrast key facts about Ballard Power Systems Inc. (BLDP) 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 or SPY.
Performance
BLDP vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, BLDP achieves a -63.51% return, which is significantly lower than SPY's 24.91% return. Over the past 10 years, BLDP has underperformed SPY with an annualized return of -5.68%, while SPY has yielded a comparatively higher 13.04% annualized return.
BLDP
-63.51%
-19.64%
-56.17%
-63.11%
-27.64%
-5.68%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| BLDP | SPY | |
|---|---|---|
| Sharpe Ratio | -1.04 | 2.67 |
| Sortino Ratio | -1.83 | 3.56 |
| Omega Ratio | 0.80 | 1.50 |
| Calmar Ratio | -0.63 | 3.85 |
| Martin Ratio | -1.66 | 17.38 |
| Ulcer Index | 37.82% | 1.86% |
| Daily Std Dev | 60.58% | 12.17% |
| Max Drawdown | -99.55% | -55.19% |
| Current Drawdown | -98.98% | -1.77% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between BLDP and SPY is 0.37, 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.
Risk-Adjusted Performance
BLDP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballard Power Systems Inc. (BLDP) 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.
Dividends
BLDP vs. SPY - Dividend Comparison
BLDP has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDP 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 | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BLDP vs. SPY - Drawdown Comparison
The maximum BLDP drawdown since its inception was -99.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BLDP and SPY. For additional features, visit the drawdowns tool.
Volatility
BLDP vs. SPY - Volatility Comparison
Ballard Power Systems Inc. (BLDP) has a higher volatility of 27.32% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that BLDP'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.