NHYDY vs. BDI.TO
NHYDY (Norsk Hydro ASA ADR) and BDI.TO (Black Diamond Group Limited) are both stocks. NHYDY operates in Aluminum (Basic Materials), while BDI.TO operates in Rental & Leasing Services (Industrials). Over the past 10 years, NHYDY returned 17.75%/yr vs 13.28%/yr for BDI.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
NHYDY vs. BDI.TO - Performance Comparison
Loading charts...
Different Trading Currencies
NHYDY is traded in USD, while BDI.TO is traded in CAD. To make them comparable, the BDI.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NHYDY achieves a 57.28% return, which is significantly higher than BDI.TO's 28.08% return. Over the past 10 years, NHYDY has outperformed BDI.TO with an annualized return of 17.75%, while BDI.TO has yielded a comparatively lower 13.28% annualized return.
NHYDY
- 1D
- -1.57%
- 1M
- 4.09%
- YTD
- 57.28%
- 6M
- 66.38%
- 1Y
- 126.05%
- 3Y*
- 26.98%
- 5Y*
- 19.63%
- 10Y*
- 17.75%
BDI.TO
- 1D
- -2.04%
- 1M
- 7.33%
- YTD
- 28.08%
- 6M
- 36.04%
- 1Y
- 100.47%
- 3Y*
- 45.67%
- 5Y*
- 30.91%
- 10Y*
- 13.28%
NHYDY vs. BDI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHYDY Norsk Hydro ASA ADR | 57.28% | 47.30% | -14.94% | -4.18% | 5.95% | 76.35% | 34.91% | -15.68% | -38.01% | 65.31% |
BDI.TO Black Diamond Group Limited | 28.08% | 65.57% | 7.58% | 75.56% | 4.10% | 63.81% | 29.59% | 7.29% | -19.33% | -40.48% |
Correlation
The correlation between NHYDY and BDI.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.25 |
Fundamentals
NHYDY:
$23.36B
BDI.TO:
CA$1.33B
NHYDY:
$3.10
BDI.TO:
CA$0.48
NHYDY:
3.84
BDI.TO:
40.12
NHYDY:
0.16
BDI.TO:
2.94
NHYDY:
0.12
BDI.TO:
2.62
NHYDY:
0.23
BDI.TO:
3.28
NHYDY:
$201.27B
BDI.TO:
CA$484.67M
NHYDY:
$60.54B
BDI.TO:
CA$177.39M
NHYDY:
$24.40B
BDI.TO:
CA$130.40M
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
NHYDY vs. BDI.TO — Risk / Return Rank
NHYDY
BDI.TO
NHYDY vs. BDI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norsk Hydro ASA ADR (NHYDY) and Black Diamond Group Limited (BDI.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.
| NHYDY | BDI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.53 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 10.97 | 6.01 | +4.96 |
| Martin ratioReturn relative to average drawdown | 39.71 | 17.41 | +22.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NHYDY | BDI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.99 | 3.51 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.91 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.29 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.28 | +0.18 |
Drawdowns
NHYDY vs. BDI.TO - Drawdown Comparison
The maximum NHYDY drawdown since its inception was -73.90%, smaller than the maximum BDI.TO drawdown of -97.36%. Use the drawdown chart below to compare losses from any high point for NHYDY and BDI.TO.
Loading charts...
Drawdown Indicators
| NHYDY | BDI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.90% | -97.36% | +23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -16.80% | +5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -26.68% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -46.67% | -40.09% | -6.58% |
Max Drawdown (10Y)Largest decline over 10 years | -73.90% | -83.80% | +9.90% |
Current DrawdownCurrent decline from peak | -8.68% | -43.40% | +34.72% |
Average DrawdownAverage peak-to-trough decline | -25.23% | -52.87% | +27.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 5.79% | -2.60% |
Volatility
NHYDY vs. BDI.TO - Volatility Comparison
Norsk Hydro ASA ADR (NHYDY) has a higher volatility of 10.64% compared to Black Diamond Group Limited (BDI.TO) at 9.92%. This indicates that NHYDY's price experiences larger fluctuations and is considered to be riskier than BDI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NHYDY | BDI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.64% | 9.92% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 26.84% | 19.82% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.79% | 28.79% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.27% | 34.31% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.36% | 46.30% | -6.94% |
Dividends
NHYDY vs. BDI.TO - Dividend Comparison
NHYDY's dividend yield for the trailing twelve months is around 2.67%, more than BDI.TO's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDI.TO Black Diamond Group Limited | 0.84% | 1.02% | 1.33% | 1.10% | 1.35% | 0.56% | 0.00% | 0.00% | 0.00% | 7.32% | 7.74% | 12.40% |
NHYDY Norsk Hydro ASA ADR | 2.67% | 2.65% | 4.30% | 8.10% | 9.59% | 1.86% | 5.44% | 3.92% | 4.96% | 1.91% | 2.60% | 0.00% |
Financials
NHYDY vs. BDI.TO - Financials Comparison
This section allows you to compare key financial metrics between Norsk Hydro ASA ADR and Black Diamond Group Limited. 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
NHYDY vs. BDI.TO - Profitability Comparison
NHYDY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported a gross profit of 16.09B and revenue of 50.39B. Therefore, the gross margin over that period was 31.9%.
BDI.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Black Diamond Group Limited reported a gross profit of 38.79M and revenue of 129.98M. Therefore, the gross margin over that period was 29.8%.
NHYDY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported an operating income of 9.11B and revenue of 50.39B, resulting in an operating margin of 18.1%.
BDI.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Black Diamond Group Limited reported an operating income of 13.44M and revenue of 129.98M, resulting in an operating margin of 10.3%.
NHYDY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported a net income of 4.24B and revenue of 50.39B, resulting in a net margin of 8.4%.
BDI.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Black Diamond Group Limited reported a net income of 2.67M and revenue of 129.98M, resulting in a net margin of 2.1%.
Frequently Asked Questions
NHYDY and BDI.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for NHYDY and BDI.TO
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