BW vs. KEEL

Last updated Jun 17, 2026

BW (Babcock & Wilcox Enterprises, Inc.) and KEEL (Keel Infrastructure Corporation) are both stocks. BW operates in Specialty Industrial Machinery (Industrials), while KEEL operates in Capital Markets (Financial Services). Over the past 5 years, BW returned 16.89%/yr vs 6.35%/yr for KEEL. At a 0.24 correlation, their price movements are largely independent.

Performance

BW vs. KEEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Babcock & Wilcox Enterprises, Inc. (BW) and Keel Infrastructure Corporation (KEEL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BW achieves a 169.10% return, which is significantly higher than KEEL's 153.62% return.

BW

• 1D: 1.84%
• 1M: -21.92%
• YTD: 169.10%
• 6M: 223.12%
• 1Y: 1,524.86%
• 3Y*: 38.15%
• 5Y*: 16.89%
• 10Y*: -22.04%

KEEL

• 1D: 5.30%
• 1M: 35.76%
• YTD: 153.62%
• 6M: 145.27%
• 1Y: 601.18%
• 3Y*: 72.06%
• 5Y*: 6.35%
• 10Y*: —

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

BW vs. KEEL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BW Babcock & Wilcox Enterprises, Inc.	169.10%	286.59%	12.33%	-74.70%	-36.03%	156.98%	-3.57%	-6.76%	-71.91%
KEEL Keel Infrastructure Corporation	153.62%	57.72%	-48.80%	561.36%	-91.29%	165.79%	397.66%	-27.96%	-64.19%

Correlation

The correlation between BW and KEEL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018	0.24

The correlation between BW and KEEL shifts across timeframes, from 0.24 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BW : $2.22B KEEL : $3.29B
EPS BW : -$0.83 KEEL : -$0.51
PS Ratio BW : 2.84 KEEL : 14.42
Total Revenue (TTM) BW : $668.48M KEEL : $229.28M
Gross Profit (TTM) BW : $121.68M KEEL : -$18.90M
EBITDA (TTM) BW : -$41.40M KEEL : -$149.60M

Return for Risk

BW vs. KEEL — Risk / Return Rank

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

BW

BW Risk / Return Rank: 99
BW Sharpe Ratio Rank: 100
BW Sortino Ratio Rank: 98
BW Omega Ratio Rank: 97
BW Calmar Ratio Rank: 100
BW Martin Ratio Rank: 100

KEEL

KEEL Risk / Return Rank: 95
KEEL Sharpe Ratio Rank: 99
KEEL Sortino Ratio Rank: 96
KEEL Omega Ratio Rank: 94
KEEL Calmar Ratio Rank: 97
KEEL Martin Ratio Rank: 92

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.

BW vs. KEEL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Babcock & Wilcox Enterprises, Inc. (BW) and Keel Infrastructure Corporation (KEEL). 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.

	BW	KEEL	Difference
Sharpe ratio: Return per unit of total volatility	12.19	5.50	+6.69
Sortino ratio: Return per unit of downside risk	5.47	4.16	+1.31
Omega ratio: Gain probability vs. loss probability	1.67	1.50	+0.17
Calmar ratio: Return relative to maximum drawdown	45.77	8.24	+37.53
Martin ratio: Return relative to average drawdown	123.06	13.73	+109.33

BW vs. KEEL - Sharpe Ratio Comparison

The current BW Sharpe Ratio is 12.19, which is higher than the KEEL Sharpe Ratio of 5.50. The chart below compares the historical Sharpe Ratios of BW and KEEL, 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

BW vs. KEEL - Drawdown Comparison

The maximum BW drawdown since its inception was -99.89%, roughly equal to the maximum KEEL drawdown of -95.72%. Use the drawdown chart below to compare losses from any high point for BW and KEEL.

Drawdown Indicators

	BW	KEEL	Difference
Max Drawdown Largest peak-to-trough decline	-99.89%	-95.72%	-4.17%
Max Drawdown (1Y) Largest decline over 1 year	-33.71%	-73.65%	+39.94%
Max Drawdown (3Y) Largest decline over 3 years	-96.03%	-81.04%	-14.99%
Max Drawdown (5Y) Largest decline over 5 years	-97.39%	-95.72%	-1.67%
Max Drawdown (10Y) Largest decline over 10 years	-99.87%	—	—
Current Drawdown Current decline from peak	-92.79%	-32.81%	-59.98%
Average Drawdown Average peak-to-trough decline	-82.80%	-67.47%	-15.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.60%	44.13%	-31.53%

Volatility

BW vs. KEEL - Volatility Comparison

Babcock & Wilcox Enterprises, Inc. (BW) and Keel Infrastructure Corporation (KEEL) have volatilities of 25.47% and 25.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BW	KEEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.47%	25.73%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	89.10%	70.19%	+18.91%
Volatility (1Y) Calculated over the trailing 1-year period	126.60%	110.25%	+16.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.23%	105.00%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.28%	290.92%	-182.64%

Dividends

BW vs. KEEL - Dividend Comparison

BW's dividend yield for the trailing twelve months is around 2.44%, while KEEL has not paid dividends to shareholders.

Position	TTM
BW Babcock & Wilcox Enterprises, Inc.	2.44%
KEEL Keel Infrastructure Corporation	0.00%

Financials

Frequently Asked Questions

Can I hold both BW and KEEL in my portfolio?

BW and KEEL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BW or KEEL?

KEEL has higher volatility (25.73%) compared to BW (25.47%). In terms of maximum drawdown, BW dropped -99.89% vs KEEL's -95.72%.

Which has better risk-adjusted returns?

BW currently has the higher Sharpe Ratio (12.19 vs 5.50), 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.