NDSN vs. BKH
NDSN (Nordson Corporation) and BKH (Black Hills Corporation) are both stocks. NDSN operates in Specialty Industrial Machinery (Industrials), while BKH operates in Utilities - Diversified (Utilities). Over the past 10 years, NDSN returned 13.93%/yr vs 5.15%/yr for BKH. At a 0.30 correlation, their price movements are largely independent.
Performance
NDSN vs. BKH - Performance Comparison
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Returns By Period
In the year-to-date period, NDSN achieves a 17.74% return, which is significantly higher than BKH's 5.99% return. Over the past 10 years, NDSN has outperformed BKH with an annualized return of 13.93%, while BKH has yielded a comparatively lower 5.15% annualized return.
NDSN
- 1D
- -0.18%
- 1M
- -0.47%
- YTD
- 17.74%
- 6M
- 21.16%
- 1Y
- 33.24%
- 3Y*
- 7.98%
- 5Y*
- 6.07%
- 10Y*
- 13.93%
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%
NDSN vs. BKH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDSN Nordson Corporation | 17.74% | 17.03% | -20.15% | 12.39% | -5.93% | 28.09% | 24.45% | 37.88% | -17.65% | 31.83% |
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 NDSN and BKH is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.30 |
The correlation between NDSN and BKH shifts across timeframes, from 0.23 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NDSN:
$15.84B
BKH:
$5.46B
NDSN:
$9.36
BKH:
$2.10
NDSN:
30.15
BKH:
34.46
NDSN:
11.82
BKH:
20.56
NDSN:
5.48
BKH:
2.34
NDSN:
$2.90B
BKH:
$2.29B
NDSN:
$1.60B
BKH:
$596.90M
NDSN:
$744.50M
BKH:
$554.70M
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Return for Risk
NDSN vs. BKH — Risk / Return Rank
NDSN
BKH
NDSN vs. BKH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordson Corporation (NDSN) 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.
| NDSN | BKH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.02 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.57 | 9.08 | -1.50 |
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
| NDSN | BKH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.56 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.23 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.20 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.44 | -0.06 |
Drawdowns
NDSN vs. BKH - Drawdown Comparison
The maximum NDSN drawdown since its inception was -73.62%, which is greater than BKH's maximum drawdown of -65.72%. Use the drawdown chart below to compare losses from any high point for NDSN and BKH.
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Drawdown Indicators
| NDSN | BKH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -65.72% | -7.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -10.45% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -39.15% | -23.55% | -15.60% |
Max Drawdown (5Y)Largest decline over 5 years | -39.15% | -36.98% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -44.24% | -40.45% | -3.79% |
Current DrawdownCurrent decline from peak | -5.42% | -5.14% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -13.25% | -16.20% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 3.47% | +0.93% |
Volatility
NDSN vs. BKH - Volatility Comparison
Nordson Corporation (NDSN) has a higher volatility of 6.53% compared to Black Hills Corporation (BKH) at 6.20%. This indicates that NDSN's price experiences larger fluctuations and is considered to be riskier than BKH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDSN | BKH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 6.20% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 15.66% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.84% | 20.27% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.66% | 22.11% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.43% | 25.39% | +3.04% |
Dividends
NDSN vs. BKH - Dividend Comparison
NDSN's dividend yield for the trailing twelve months is around 1.15%, 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% |
NDSN Nordson Corporation | 1.15% | 1.66% | 1.02% | 1.01% | 0.98% | 0.71% | 0.77% | 0.90% | 1.09% | 0.78% | 0.91% | 1.43% |
Financials
NDSN vs. BKH - Financials Comparison
This section allows you to compare key financial metrics between Nordson Corporation 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
NDSN vs. BKH - Profitability Comparison
NDSN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported a gross profit of 404.08M and revenue of 740.85M. Therefore, the gross margin over that period was 54.5%.
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%.
NDSN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported an operating income of 197.20M and revenue of 740.85M, resulting in an operating margin of 26.6%.
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%.
NDSN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nordson Corporation reported a net income of 117.32M and revenue of 740.85M, resulting in a net margin of 15.8%.
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
NDSN and BKH have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDSN has higher volatility (6.53%) compared to BKH (6.20%). In terms of maximum drawdown, NDSN dropped -73.62% vs BKH's -65.72%.
NDSN currently has the higher Sharpe Ratio (1.61 vs 1.56), 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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