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:
-0.88
^GSPC:
0.22
BLDP:
-1.38
^GSPC:
0.44
BLDP:
0.85
^GSPC:
1.06
BLDP:
-0.57
^GSPC:
0.22
BLDP:
-1.26
^GSPC:
1.02
BLDP:
45.10%
^GSPC:
4.15%
BLDP:
64.71%
^GSPC:
19.00%
BLDP:
-99.55%
^GSPC:
-56.78%
BLDP:
-99.09%
^GSPC:
-14.13%
Returns By Period
In the year-to-date period, BLDP achieves a -27.71% return, which is significantly lower than ^GSPC's -10.30% return. Over the past 10 years, BLDP has underperformed ^GSPC with an annualized return of -6.15%, while ^GSPC has yielded a comparatively higher 9.77% annualized return.
BLDP
-27.71%
-11.11%
-26.38%
-55.88%
-34.91%
-6.15%
^GSPC
-10.30%
-7.04%
-9.70%
4.44%
12.96%
9.77%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 17.41% compared to S&P 500 (^GSPC) at 13.66%. 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.