PLUG vs. CHPT

Last updated Jun 6, 2026

PLUG (Plug Power Inc.) and CHPT (ChargePoint Holdings, Inc.) are both stocks. PLUG operates in Electrical Equipment & Parts (Industrials), while CHPT operates in Specialty Retail (Consumer Cyclical). Over the past 5 years, PLUG returned -36.27%/yr vs -58.15%/yr for CHPT. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

PLUG vs. CHPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Plug Power Inc. (PLUG) and ChargePoint Holdings, Inc. (CHPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLUG achieves a 63.20% return, which is significantly higher than CHPT's 8.73% return.

PLUG

• 1D: -10.69%
• 1M: -2.87%
• YTD: 63.20%
• 6M: 46.14%
• 1Y: 268.90%
• 3Y*: -29.15%
• 5Y*: -36.27%
• 10Y*: 5.29%

CHPT

• 1D: -13.12%
• 1M: 13.52%
• YTD: 8.73%
• 6M: -30.78%
• 1Y: -46.68%
• 3Y*: -66.34%
• 5Y*: -58.15%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PLUG vs. CHPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PLUG Plug Power Inc.	63.20%	-7.51%	-52.67%	-63.62%	-56.18%	-16.75%	973.10%	14.49%
CHPT ChargePoint Holdings, Inc.	8.73%	-68.97%	-54.27%	-75.45%	-49.97%	-52.47%	308.98%	0.41%

Correlation

The correlation between PLUG and CHPT is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019	0.59

The correlation between PLUG and CHPT has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.

Fundamentals

Market Cap PLUG : $4.47B CHPT : $177.83M
EPS PLUG : -$1.39 CHPT : -$8.70
PS Ratio PLUG : 5.25 CHPT : 0.41
Total Revenue (TTM) PLUG : $739.76M CHPT : $415.40M
Gross Profit (TTM) PLUG : -$189.79M CHPT : $125.56M
EBITDA (TTM) PLUG : -$745.89M CHPT : -$162.44M

Return for Risk

PLUG vs. CHPT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLUG

PLUG Risk / Return Rank: 89
PLUG Sharpe Ratio Rank: 92
PLUG Sortino Ratio Rank: 91
PLUG Omega Ratio Rank: 86
PLUG Calmar Ratio Rank: 91
PLUG Martin Ratio Rank: 84

CHPT

CHPT Risk / Return Rank: 17
CHPT Sharpe Ratio Rank: 13
CHPT Sortino Ratio Rank: 14
CHPT Omega Ratio Rank: 16
CHPT Calmar Ratio Rank: 18
CHPT Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLUG vs. CHPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) and ChargePoint Holdings, Inc. (CHPT). 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.

	PLUG	CHPT	Difference
Sharpe ratio: Return per unit of total volatility	2.43	-0.68	+3.11
Sortino ratio: Return per unit of downside risk	3.35	-0.81	+4.16
Omega ratio: Gain probability vs. loss probability	1.36	0.91	+0.46
Calmar ratio: Return relative to maximum drawdown	4.78	-0.64	+5.42
Martin ratio: Return relative to average drawdown	8.14	-0.96	+9.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLUG vs. CHPT - Sharpe Ratio Comparison

The current PLUG Sharpe Ratio is 2.43, which is higher than the CHPT Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of PLUG and CHPT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLUG	CHPT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	-0.68	+3.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	-0.73	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	-0.51	+0.36

Drawdowns

PLUG vs. CHPT - Drawdown Comparison

The maximum PLUG drawdown since its inception was -99.99%, roughly equal to the maximum CHPT drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for PLUG and CHPT.

Drawdown Indicators

	PLUG	CHPT	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-99.51%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-56.66%	-72.61%	+15.95%
Max Drawdown (3Y) Largest decline over 3 years	-94.69%	-97.69%	+3.00%
Max Drawdown (5Y) Largest decline over 5 years	-98.43%	-99.37%	+0.94%
Max Drawdown (10Y) Largest decline over 10 years	-99.04%	—	—
Current Drawdown Current decline from peak	-99.79%	-99.22%	-0.57%
Average Drawdown Average peak-to-trough decline	-96.23%	-64.89%	-31.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.20%	48.89%	-15.69%

Volatility

PLUG vs. CHPT - Volatility Comparison

Plug Power Inc. (PLUG) has a higher volatility of 31.05% compared to ChargePoint Holdings, Inc. (CHPT) at 25.33%. This indicates that PLUG's price experiences larger fluctuations and is considered to be riskier than CHPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLUG	CHPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.05%	25.33%	+5.72%
Volatility (6M) Calculated over the trailing 6-month period	63.41%	50.35%	+13.06%
Volatility (1Y) Calculated over the trailing 1-year period	111.54%	72.51%	+39.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.53%	79.59%	+14.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.44%	76.94%	+12.50%

Dividends

PLUG vs. CHPT - Dividend Comparison

Neither PLUG nor CHPT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PLUG and CHPT in my portfolio?

PLUG and CHPT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLUG or CHPT?

PLUG has higher volatility (31.05%) compared to CHPT (25.33%). In terms of maximum drawdown, PLUG dropped -99.99% vs CHPT's -99.51%.

Which has better risk-adjusted returns?

PLUG currently has the higher Sharpe Ratio (2.43 vs -0.68), 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.