BMI vs. BDC
BMI (Badger Meter, Inc.) and BDC (Belden Inc.) are both stocks. Both operate in the Electrical Equipment & Parts industry within the Industrials sector. Over the past 10 years, BMI returned 15.68%/yr vs 6.24%/yr for BDC. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
BMI vs. BDC - Performance Comparison
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Returns By Period
In the year-to-date period, BMI achieves a -22.51% return, which is significantly lower than BDC's 6.52% return. Over the past 10 years, BMI has outperformed BDC with an annualized return of 15.68%, while BDC has yielded a comparatively lower 6.24% annualized return.
BMI
- 1D
- 3.04%
- 1M
- -7.90%
- 6M
- -7.80%
- YTD
- -22.51%
- 1Y
- -25.12%
- 3Y*
- -5.44%
- 5Y*
- 6.70%
- 10Y*
- 15.68%
- ALL TIME*
- 16.22%
BDC
- 1D
- 5.93%
- 1M
- 7.49%
- 6M
- 5.65%
- YTD
- 6.52%
- 1Y
- 5.63%
- 3Y*
- 9.16%
- 5Y*
- 20.70%
- 10Y*
- 6.24%
- ALL TIME*
- 10.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BDC Belden Inc. | $64.50M | $61.35M | $65.73M |
| $96.39M | $73.48M | $68.10M |
BMI vs. BDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMI Badger Meter, Inc. | -22.51% | -17.15% | 38.28% | 42.58% | 3.23% | 14.11% | 46.37% | 33.46% | 4.09% | 30.91% |
BDC Belden Inc. | 6.52% | 3.68% | 46.06% | 7.69% | 9.75% | 57.46% | -23.40% | 32.14% | -45.70% | 3.48% |
Correlation
The correlation between BMI and BDC is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 1993 | 0.35 |
The correlation between BMI and BDC shifts across timeframes, from 0.35 (all time) to 0.51 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BMI:
$3.89B
BDC:
$4.83B
BMI:
$4.27
BDC:
$6.15
BMI:
31.43
BDC:
20.16
BMI:
1.31
BDC:
0.25
BMI:
4.48
BDC:
1.72
BMI:
4.84
BDC:
3.52
BMI:
$880.96M
BDC:
$2.86B
BMI:
$363.92M
BDC:
$1.04B
BMI:
$188.13M
BDC:
$437.81M
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Return for Risk
BMI vs. BDC — Risk / Return Rank
BMI
BDC
BMI vs. BDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Badger Meter, Inc. (BMI) and Belden Inc. (BDC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BMI | BDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.04 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 0.01 | -0.70 |
| Martin ratioReturn relative to average drawdown | -1.36 | 0.03 | -1.39 |
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Drawdowns
BMI vs. BDC - Drawdown Comparison
The maximum BMI drawdown since its inception was -68.22%, smaller than the maximum BDC drawdown of -85.69%. Use the drawdown chart below to compare losses from any high point for BMI and BDC.
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Drawdown Indicators
| BMI | BDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.22% | -85.69% | +17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -40.85% | -34.00% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -55.06% | -35.75% | -19.31% |
Max Drawdown (5Y)Largest decline over 5 years | -55.06% | -36.62% | -18.44% |
Max Drawdown (10Y)Largest decline over 10 years | -55.06% | -67.69% | +12.63% |
Current DrawdownCurrent decline from peak | -46.59% | -17.73% | -28.86% |
Average DrawdownAverage peak-to-trough decline | -19.10% | -34.78% | +15.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.69% | 17.54% | +3.15% |
Volatility
BMI vs. BDC - Volatility Comparison
The current volatility for Badger Meter, Inc. (BMI) is 17.92%, while Belden Inc. (BDC) has a volatility of 18.94%. This indicates that BMI experiences smaller price fluctuations and is considered to be less risky than BDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMI | BDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.92% | 18.94% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 40.24% | 34.12% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.09% | 40.56% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.82% | 37.61% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.15% | 40.37% | -6.22% |
Dividends
BMI vs. BDC - Dividend Comparison
BMI's dividend yield for the trailing twelve months is around 1.19%, more than BDC's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDC Belden Inc. | 0.16% | 0.17% | 0.18% | 0.26% | 0.28% | 0.30% | 0.48% | 0.36% | 0.48% | 0.26% | 0.27% | 0.42% |
BMI Badger Meter, Inc. | 1.19% | 0.85% | 0.58% | 0.64% | 0.78% | 0.71% | 0.74% | 0.99% | 1.14% | 1.03% | 1.16% | 1.33% |
Financials
BMI vs. BDC - Financials Comparison
This section allows you to compare key financial metrics between Badger Meter, Inc. and Belden Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BMI vs. BDC - Profitability Comparison
BMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Badger Meter, Inc. reported a gross profit of 90.77M and revenue of 222.32M. Therefore, the gross margin over that period was 40.8%.
BDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Belden Inc. reported a gross profit of 293.62M and revenue of 750.16M. Therefore, the gross margin over that period was 39.1%.
BMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Badger Meter, Inc. reported an operating income of 39.38M and revenue of 222.32M, resulting in an operating margin of 17.7%.
BDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Belden Inc. reported an operating income of 99.26M and revenue of 750.16M, resulting in an operating margin of 13.2%.
BMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Badger Meter, Inc. reported a net income of 29.72M and revenue of 222.32M, resulting in a net margin of 13.4%.
BDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Belden Inc. reported a net income of 68.54M and revenue of 750.16M, resulting in a net margin of 9.1%.
Frequently Asked Questions
BMI and BDC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDC has higher volatility (18.94%) compared to BMI (17.92%). In terms of maximum drawdown, BMI dropped -68.22% vs BDC's -85.69%.
BDC currently has the higher Sharpe Ratio (0.01 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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