PLUG vs. BTG
PLUG (Plug Power Inc.) and BTG (B2Gold Corp.) are both stocks. PLUG operates in Electrical Equipment & Parts (Industrials), while BTG operates in Gold (Basic Materials). Over the past 10 years, PLUG returned 4.78%/yr vs 9.37%/yr for BTG. At a 0.08 correlation, their price movements are largely independent.
Performance
PLUG vs. BTG - Performance Comparison
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Returns By Period
In the year-to-date period, PLUG achieves a 40.10% return, which is significantly higher than BTG's -5.82% return. Over the past 10 years, PLUG has underperformed BTG with an annualized return of 4.78%, while BTG has yielded a comparatively higher 9.37% annualized return.
PLUG
- 1D
- -2.47%
- 1M
- -30.30%
- YTD
- 40.10%
- 6M
- 18.97%
- 1Y
- 112.31%
- 3Y*
- -36.75%
- 5Y*
- -38.69%
- 10Y*
- 4.78%
BTG
- 1D
- 2.93%
- 1M
- -21.06%
- YTD
- -5.82%
- 6M
- -7.67%
- 1Y
- 15.53%
- 3Y*
- 8.86%
- 5Y*
- 1.08%
- 10Y*
- 9.37%
PLUG vs. BTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLUG Plug Power Inc. | 40.10% | -7.51% | -52.67% | -63.62% | -56.18% | -16.75% | 973.10% | 154.84% | -47.46% | 96.67% |
BTG B2Gold Corp. | -5.82% | 88.95% | -18.07% | -7.22% | -5.13% | -26.97% | 42.35% | 37.72% | -5.81% | 30.80% |
Correlation
The correlation between PLUG and BTG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2008 | 0.08 |
The correlation between PLUG and BTG shifts across timeframes, from 0.08 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
PLUG:
$3.84B
BTG:
$6.32B
PLUG:
-$1.39
BTG:
$0.36
PLUG:
4.51
BTG:
1.74
PLUG:
5.12
BTG:
1.72
PLUG:
$739.76M
BTG:
$3.67B
PLUG:
-$189.79M
BTG:
$1.89B
PLUG:
-$745.89M
BTG:
$1.96B
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Return for Risk
PLUG vs. BTG — Risk / Return Rank
PLUG
BTG
PLUG vs. BTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) and B2Gold Corp. (BTG). 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.
| PLUG | BTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.10 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 0.42 | +1.57 |
| Martin ratioReturn relative to average drawdown | 3.38 | 0.83 | +2.54 |
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Drawdowns
PLUG vs. BTG - Drawdown Comparison
The maximum PLUG drawdown since its inception was -99.99%, which is greater than BTG's maximum drawdown of -85.97%. Use the drawdown chart below to compare losses from any high point for PLUG and BTG.
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Drawdown Indicators
| PLUG | BTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -85.97% | -14.02% |
Max Drawdown (1Y)Largest decline over 1 year | -56.66% | -36.97% | -19.69% |
Max Drawdown (3Y)Largest decline over 3 years | -94.69% | -36.97% | -57.72% |
Max Drawdown (5Y)Largest decline over 5 years | -98.43% | -48.92% | -49.51% |
Max Drawdown (10Y)Largest decline over 10 years | -99.04% | -63.35% | -35.69% |
Current DrawdownCurrent decline from peak | -99.82% | -31.60% | -68.22% |
Average DrawdownAverage peak-to-trough decline | -96.21% | -38.35% | -57.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 18.70% | +14.69% |
Volatility
PLUG vs. BTG - Volatility Comparison
Plug Power Inc. (PLUG) has a higher volatility of 26.34% compared to B2Gold Corp. (BTG) at 15.76%. This indicates that PLUG's price experiences larger fluctuations and is considered to be riskier than BTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLUG | BTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.34% | 15.76% | +10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 64.10% | 44.50% | +19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.06% | 55.48% | +52.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.54% | 44.82% | +49.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.47% | 48.23% | +41.24% |
Dividends
PLUG vs. BTG - Dividend Comparison
PLUG has not paid dividends to shareholders, while BTG's dividend yield for the trailing twelve months is around 1.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | 1.90% | 1.77% | 6.56% | 5.06% | 4.48% | 4.07% | 1.96% | 0.25% |
PLUG Plug Power Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PLUG vs. BTG - Financials Comparison
This section allows you to compare key financial metrics between Plug Power Inc. and B2Gold Corp.. 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
PLUG and BTG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLUG has higher volatility (26.34%) compared to BTG (15.76%). In terms of maximum drawdown, PLUG dropped -99.99% vs BTG's -85.97%.
PLUG currently has the higher Sharpe Ratio (1.05 vs 0.28), 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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