HTO vs. BKH
HTO (H2O America) and BKH (Black Hills Corporation) are both stocks. Both are in the Utilities sector — HTO in Utilities - Regulated Water, BKH in Utilities - Diversified. Over the past 10 years, HTO returned 6.46%/yr vs 5.15%/yr for BKH. At a 0.32 correlation, their price movements are largely independent.
Performance
HTO vs. BKH - Performance Comparison
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Returns By Period
In the year-to-date period, HTO achieves a 16.55% return, which is significantly higher than BKH's 5.99% return. Over the past 10 years, HTO has outperformed BKH with an annualized return of 6.46%, while BKH has yielded a comparatively lower 5.15% annualized return.
HTO
- 1D
- -2.16%
- 1M
- -2.33%
- YTD
- 16.55%
- 6M
- 22.56%
- 1Y
- 13.24%
- 3Y*
- -6.63%
- 5Y*
- -0.01%
- 10Y*
- 6.46%
BKH
- 1D
- -0.81%
- 1M
- -3.13%
- YTD
- 5.99%
- 6M
- 4.93%
- 1Y
- 31.40%
- 3Y*
- 9.12%
- 5Y*
- 5.05%
- 10Y*
- 5.15%
HTO vs. BKH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTO H2O America | 16.55% | 2.92% | -22.57% | -17.78% | 13.40% | 7.66% | -0.43% | 30.19% | -11.20% | 16.22% |
BKH Black Hills Corporation | 5.99% | 23.93% | 13.57% | -19.95% | 3.08% | 18.86% | -19.05% | 28.60% | 7.98% | 0.81% |
Correlation
The correlation between HTO and BKH is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 1984 | 0.32 |
The correlation between HTO and BKH shifts across timeframes, from 0.32 (all time) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HTO:
$2.17B
BKH:
$5.46B
HTO:
$2.90
BKH:
$2.10
HTO:
19.40
BKH:
34.46
HTO:
2.01
BKH:
20.56
HTO:
2.50
BKH:
2.34
HTO:
$816.28M
BKH:
$2.29B
HTO:
$335.79M
BKH:
$596.90M
HTO:
$273.35M
BKH:
$554.70M
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Return for Risk
HTO vs. BKH — Risk / Return Rank
HTO
BKH
HTO vs. BKH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for H2O America (HTO) and Black Hills Corporation (BKH). 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.
| HTO | BKH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 3.02 | -2.22 |
| Martin ratioReturn relative to average drawdown | 1.81 | 9.08 | -7.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HTO | BKH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.56 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.23 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.20 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.44 | -0.05 |
Drawdowns
HTO vs. BKH - Drawdown Comparison
The maximum HTO drawdown since its inception was -54.53%, smaller than the maximum BKH drawdown of -65.72%. Use the drawdown chart below to compare losses from any high point for HTO and BKH.
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Drawdown Indicators
| HTO | BKH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.53% | -65.72% | +11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -16.72% | -10.45% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -37.31% | -23.55% | -13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -42.85% | -36.98% | -5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -42.85% | -40.45% | -2.40% |
Current DrawdownCurrent decline from peak | -25.79% | -5.14% | -20.65% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -16.20% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 3.47% | +3.86% |
Volatility
HTO vs. BKH - Volatility Comparison
H2O America (HTO) and Black Hills Corporation (BKH) have volatilities of 6.28% and 6.20%, 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.
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Volatility by Period
| HTO | BKH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 6.20% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | 15.66% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 20.27% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.04% | 22.11% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.57% | 25.39% | +4.18% |
Dividends
HTO vs. BKH - Dividend Comparison
HTO's dividend yield for the trailing twelve months is around 3.06%, less than BKH's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKH Black Hills Corporation | 3.82% | 3.90% | 4.44% | 4.63% | 3.43% | 3.25% | 3.53% | 2.61% | 3.07% | 3.01% | 2.74% | 3.49% |
HTO H2O America | 3.06% | 3.43% | 3.25% | 2.33% | 1.77% | 1.86% | 1.85% | 1.69% | 2.01% | 1.63% | 1.45% | 2.63% |
Financials
HTO vs. BKH - Financials Comparison
This section allows you to compare key financial metrics between H2O America and Black Hills 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
HTO vs. BKH - Profitability Comparison
HTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, H2O America reported a gross profit of 0.00 and revenue of 183.29M. Therefore, the gross margin over that period was 0.0%.
BKH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Black Hills Corporation reported a gross profit of 0.00 and revenue of 780.70M. Therefore, the gross margin over that period was 0.0%.
HTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, H2O America reported an operating income of 37.43M and revenue of 183.29M, resulting in an operating margin of 20.4%.
BKH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Black Hills Corporation reported an operating income of 201.90M and revenue of 780.70M, resulting in an operating margin of 25.9%.
HTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, H2O America reported a net income of 19.01M and revenue of 183.29M, resulting in a net margin of 10.4%.
BKH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Black Hills Corporation reported a net income of -2.10M and revenue of 780.70M, resulting in a net margin of -0.3%.
Frequently Asked Questions
HTO and BKH have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTO has higher volatility (6.28%) compared to BKH (6.20%). In terms of maximum drawdown, HTO dropped -54.53% vs BKH's -65.72%.
BKH currently has the higher Sharpe Ratio (1.56 vs 0.57), 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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