CBAT vs. ULBI
CBAT (CBAK Energy Technology, Inc.) and ULBI (Ultralife Corporation) are both stocks. Both operate in the Electrical Equipment & Parts industry within the Industrials sector. Over the past 10 years, CBAT returned -12.80%/yr vs 2.40%/yr for ULBI. At a 0.12 correlation, their price movements are largely independent.
Performance
CBAT vs. ULBI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBAT achieves a -22.40% return, which is significantly lower than ULBI's 7.69% return. Over the past 10 years, CBAT has underperformed ULBI with an annualized return of -12.80%, while ULBI has yielded a comparatively higher 2.40% annualized return.
CBAT
- 1D
- 1.06%
- 1M
- -13.60%
- YTD
- -22.40%
- 6M
- -27.36%
- 1Y
- -43.16%
- 3Y*
- -20.91%
- 5Y*
- -33.03%
- 10Y*
- -12.80%
ULBI
- 1D
- -2.45%
- 1M
- -4.35%
- YTD
- 7.69%
- 6M
- 5.30%
- 1Y
- -26.93%
- 3Y*
- 9.05%
- 5Y*
- -6.43%
- 10Y*
- 2.40%
CBAT vs. ULBI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBAT CBAK Energy Technology, Inc. | -22.40% | -11.16% | -10.48% | 6.06% | -36.54% | -69.17% | 340.00% | 202.71% | -74.33% | 5.18% |
ULBI Ultralife Corporation | 7.69% | -23.22% | 9.24% | 76.68% | -36.09% | -6.65% | -12.45% | 9.48% | 3.05% | 32.32% |
Correlation
The correlation between CBAT and ULBI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2002 | 0.12 |
The correlation between CBAT and ULBI shifts across timeframes, from 0.12 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CBAT:
$57.83M
ULBI:
$102.61M
CBAT:
-$0.10
ULBI:
-$0.49
CBAT:
0.30
ULBI:
0.55
CBAT:
0.00
ULBI:
0.79
CBAT:
$195.19M
ULBI:
$187.86M
CBAT:
$18.42M
ULBI:
$43.39M
CBAT:
-$18.44M
ULBI:
$6.73M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBAT vs. ULBI — Risk / Return Rank
CBAT
ULBI
CBAT vs. ULBI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CBAK Energy Technology, Inc. (CBAT) and Ultralife Corporation (ULBI). 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.
| CBAT | ULBI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.95 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.60 | -0.31 |
| Martin ratioReturn relative to average drawdown | -1.57 | -0.96 | -0.61 |
Loading charts...
Drawdowns
CBAT vs. ULBI - Drawdown Comparison
The maximum CBAT drawdown since its inception was -99.49%, which is greater than ULBI's maximum drawdown of -92.90%. Use the drawdown chart below to compare losses from any high point for CBAT and ULBI.
Loading charts...
Drawdown Indicators
| CBAT | ULBI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.49% | -92.90% | -6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -47.44% | -44.69% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -66.13% | -68.83% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -86.94% | -68.83% | -18.11% |
Max Drawdown (10Y)Largest decline over 10 years | -94.34% | -68.83% | -25.51% |
Current DrawdownCurrent decline from peak | -98.96% | -74.86% | -24.10% |
Average DrawdownAverage peak-to-trough decline | -79.49% | -63.49% | -16.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.43% | 28.03% | -0.60% |
Volatility
CBAT vs. ULBI - Volatility Comparison
CBAK Energy Technology, Inc. (CBAT) has a higher volatility of 21.05% compared to Ultralife Corporation (ULBI) at 17.95%. This indicates that CBAT's price experiences larger fluctuations and is considered to be riskier than ULBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBAT | ULBI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.05% | 17.95% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 33.78% | 41.66% | -7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.38% | 57.35% | -4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.54% | 59.04% | +10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.72% | 54.50% | +44.22% |
Dividends
CBAT vs. ULBI - Dividend Comparison
Neither CBAT nor ULBI has paid dividends to shareholders.
Financials
CBAT vs. ULBI - Financials Comparison
This section allows you to compare key financial metrics between CBAK Energy Technology, Inc. and Ultralife Corporation. 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
Frequently Asked Questions
CBAT and ULBI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBAT has higher volatility (21.05%) compared to ULBI (17.95%). In terms of maximum drawdown, CBAT dropped -99.49% vs ULBI's -92.90%.
ULBI currently has the higher Sharpe Ratio (-0.47 vs -0.83), 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.
Find the right allocation for CBAT and ULBI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer