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:
-0.86
^GSPC:
2.10
BLDP:
-1.32
^GSPC:
2.80
BLDP:
0.86
^GSPC:
1.39
BLDP:
-0.54
^GSPC:
3.09
BLDP:
-1.32
^GSPC:
13.49
BLDP:
40.74%
^GSPC:
1.94%
BLDP:
62.57%
^GSPC:
12.52%
BLDP:
-99.55%
^GSPC:
-56.78%
BLDP:
-98.77%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, BLDP achieves a -56.22% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, BLDP has underperformed ^GSPC with an annualized return of -0.83%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
BLDP
-56.22%
26.56%
-37.21%
-55.62%
-24.95%
-0.83%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
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 21.06% compared to S&P 500 (^GSPC) at 3.79%. 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.