BMI vs. OLA.TO

Last updated Jun 13, 2026

BMI (Badger Meter, Inc.) and OLA.TO (Orla Mining Ltd.) are both stocks. BMI operates in Electrical Equipment & Parts (Industrials), while OLA.TO operates in Gold (Basic Materials). Over the past 5 years, BMI returned 7.71%/yr vs 18.27%/yr for OLA.TO. At a 0.08 correlation, their price movements are largely independent.

Performance

BMI vs. OLA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Badger Meter, Inc. (BMI) and Orla Mining Ltd. (OLA.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BMI is traded in USD, while OLA.TO is traded in CAD. To make them comparable, the OLA.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BMI achieves a -24.02% return, which is significantly lower than OLA.TO's -20.79% return.

BMI

• 1D: 0.93%
• 1M: 13.87%
• YTD: -24.02%
• 6M: -28.30%
• 1Y: -45.59%
• 3Y*: -3.92%
• 5Y*: 7.71%
• 10Y*: 14.99%

OLA.TO

• 1D: 2.89%
• 1M: -26.70%
• YTD: -20.79%
• 6M: -18.29%
• 1Y: -2.73%
• 3Y*: 38.94%
• 5Y*: 18.27%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMI vs. OLA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMI Badger Meter, Inc.	-24.02%	-17.15%	38.28%	42.58%	3.23%	14.11%	46.37%	33.46%	4.09%	37.81%
OLA.TO Orla Mining Ltd.	-20.79%	143.00%	69.88%	-19.25%	6.70%	-29.56%	251.34%	98.66%	-45.59%	37.94%

Correlation

The correlation between BMI and OLA.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.08

The correlation between BMI and OLA.TO shifts across timeframes, from 0.03 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BMI : $3.87B OLA.TO : CA$5.95B
EPS BMI : $4.42 OLA.TO : CA$0.82
PE Ratio BMI : 29.78 OLA.TO : 18.13
PEG Ratio BMI : 1.25 OLA.TO : 0.29
PS Ratio BMI : 4.34 OLA.TO : 3.56
PB Ratio BMI : 3.98 OLA.TO : 5.64
Total Revenue (TTM) BMI : $896.73M OLA.TO : CA$1.59B
Gross Profit (TTM) BMI : $370.96M OLA.TO : CA$848.41M
EBITDA (TTM) BMI : $199.34M OLA.TO : CA$966.01M

Return for Risk

BMI vs. OLA.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMI

BMI Risk / Return Rank: 7
BMI Sharpe Ratio Rank: 5
BMI Sortino Ratio Rank: 8
BMI Omega Ratio Rank: 5
BMI Calmar Ratio Rank: 9
BMI Martin Ratio Rank: 10

OLA.TO

OLA.TO Risk / Return Rank: 43
OLA.TO Sharpe Ratio Rank: 42
OLA.TO Sortino Ratio Rank: 44
OLA.TO Omega Ratio Rank: 44
OLA.TO Calmar Ratio Rank: 42
OLA.TO Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMI vs. OLA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Badger Meter, Inc. (BMI) and Orla Mining Ltd. (OLA.TO). 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	OLA.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	-0.04	-1.00
Sortino ratio: Return per unit of downside risk	-1.32	0.46	-1.78
Omega ratio: Gain probability vs. loss probability	0.79	1.06	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.85	-0.05	-0.80
Martin ratio: Return relative to average drawdown	-1.38	-0.13	-1.25

BMI vs. OLA.TO - Sharpe Ratio Comparison

The current BMI Sharpe Ratio is -1.04, which is lower than the OLA.TO Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of BMI and OLA.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMI vs. OLA.TO - Drawdown Comparison

The maximum BMI drawdown since its inception was -68.22%, which is greater than OLA.TO's maximum drawdown of -57.88%. Use the drawdown chart below to compare losses from any high point for BMI and OLA.TO.

Drawdown Indicators

	BMI	OLA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-68.22%	-57.88%	-10.34%
Max Drawdown (1Y) Largest decline over 1 year	-53.79%	-54.91%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-55.06%	-54.91%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-55.06%	-54.91%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	-55.06%	—	—
Current Drawdown Current decline from peak	-47.63%	-50.87%	+3.24%
Average Drawdown Average peak-to-trough decline	-19.02%	-23.16%	+4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.04%	21.68%	+11.36%

Volatility

BMI vs. OLA.TO - Volatility Comparison

The current volatility for Badger Meter, Inc. (BMI) is 9.52%, while Orla Mining Ltd. (OLA.TO) has a volatility of 23.07%. This indicates that BMI experiences smaller price fluctuations and is considered to be less risky than OLA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMI	OLA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.52%	23.07%	-13.55%
Volatility (6M) Calculated over the trailing 6-month period	38.68%	51.52%	-12.84%
Volatility (1Y) Calculated over the trailing 1-year period	44.17%	73.18%	-29.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.88%	58.92%	-25.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.67%	57.20%	-23.53%

Dividends

BMI vs. OLA.TO - Dividend Comparison

BMI's dividend yield for the trailing twelve months is around 1.21%, more than OLA.TO's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMI Badger Meter, Inc.	1.21%	0.85%	0.58%	0.64%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%
OLA.TO Orla Mining Ltd.	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

BMI vs. OLA.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Badger Meter, Inc. and Orla Mining Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BMI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a gross profit of 84.33M and revenue of 202.28M. Therefore, the gross margin over that period was 41.7%.

OLA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported a gross profit of 296.32M and revenue of 519.71M. Therefore, the gross margin over that period was 57.0%.

BMI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported an operating income of 35.17M and revenue of 202.28M, resulting in an operating margin of 17.4%.

OLA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported an operating income of 274.55M and revenue of 519.71M, resulting in an operating margin of 52.8%.

BMI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a net income of 27.34M and revenue of 202.28M, resulting in a net margin of 13.5%.

OLA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported a net income of 103.43M and revenue of 519.71M, resulting in a net margin of 19.9%.

Frequently Asked Questions

Can I hold both BMI and OLA.TO in my portfolio?

BMI and OLA.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.