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.
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.
Performance
BLDP vs. SPY - Performance Comparison
Key characteristics
BLDP:
-0.78
SPY:
2.20
BLDP:
-1.08
SPY:
2.91
BLDP:
0.88
SPY:
1.41
BLDP:
-0.51
SPY:
3.35
BLDP:
-1.32
SPY:
13.99
BLDP:
38.08%
SPY:
2.01%
BLDP:
64.71%
SPY:
12.79%
BLDP:
-99.55%
SPY:
-55.19%
BLDP:
-98.80%
SPY:
-1.35%
Returns By Period
In the year-to-date period, BLDP achieves a -4.82% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, BLDP has underperformed SPY with an annualized return of 0.79%, while SPY has yielded a comparatively higher 13.44% annualized return.
BLDP
-4.82%
5.33%
-31.00%
-48.87%
-33.44%
0.79%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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Risk-Adjusted Performance
BLDP vs. SPY — Risk-Adjusted Performance Rank
BLDP
SPY
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 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 22.42% compared to SPDR S&P 500 ETF (SPY) at 5.10%. 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.