PPG vs. BKH
PPG (PPG Industries, Inc.) and BKH (Black Hills Corporation) are both stocks. PPG operates in Specialty Chemicals (Basic Materials), while BKH operates in Utilities - Diversified (Utilities). Over the past 10 years, PPG returned 2.22%/yr vs 5.15%/yr for BKH. At a 0.27 correlation, their price movements are largely independent.
Performance
PPG vs. BKH - Performance Comparison
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Returns By Period
In the year-to-date period, PPG achieves a 11.53% return, which is significantly higher than BKH's 5.99% return. Over the past 10 years, PPG has underperformed BKH with an annualized return of 2.22%, while BKH has yielded a comparatively higher 5.15% annualized return.
PPG
- 1D
- -0.81%
- 1M
- 3.65%
- YTD
- 11.53%
- 6M
- 13.85%
- 1Y
- 2.92%
- 3Y*
- -4.70%
- 5Y*
- -6.70%
- 10Y*
- 2.22%
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%
PPG vs. BKH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPG PPG Industries, Inc. | 11.53% | -11.96% | -18.46% | 21.19% | -25.71% | 21.28% | 10.08% | 32.81% | -11.00% | 25.24% |
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 PPG and BKH is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 1984 | 0.27 |
The correlation between PPG and BKH shifts across timeframes, from 0.22 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PPG:
$25.33B
BKH:
$5.46B
PPG:
$7.01
BKH:
$2.10
PPG:
16.09
BKH:
34.46
PPG:
2.14
BKH:
20.56
PPG:
1.58
BKH:
2.34
PPG:
$16.12B
BKH:
$2.29B
PPG:
$4.88B
BKH:
$596.90M
PPG:
$2.52B
BKH:
$554.70M
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Return for Risk
PPG vs. BKH — Risk / Return Rank
PPG
BKH
PPG vs. BKH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PPG Industries, Inc. (PPG) 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.
| PPG | BKH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.02 | -2.90 |
| Martin ratioReturn relative to average drawdown | 0.23 | 9.08 | -8.85 |
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
| PPG | BKH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 1.56 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.23 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.20 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.44 | -0.05 |
Drawdowns
PPG vs. BKH - Drawdown Comparison
The maximum PPG drawdown since its inception was -63.02%, roughly equal to the maximum BKH drawdown of -65.72%. Use the drawdown chart below to compare losses from any high point for PPG and BKH.
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Drawdown Indicators
| PPG | BKH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -65.72% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -25.68% | -10.45% | -15.23% |
Max Drawdown (3Y)Largest decline over 3 years | -37.41% | -23.55% | -13.86% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | -36.98% | -7.58% |
Max Drawdown (10Y)Largest decline over 10 years | -46.02% | -40.45% | -5.57% |
Current DrawdownCurrent decline from peak | -31.33% | -5.14% | -26.19% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -16.20% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.72% | 3.47% | +9.25% |
Volatility
PPG vs. BKH - Volatility Comparison
PPG Industries, Inc. (PPG) has a higher volatility of 7.40% compared to Black Hills Corporation (BKH) at 6.20%. This indicates that PPG'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
| PPG | BKH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 6.20% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 22.86% | 15.66% | +7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.93% | 20.27% | +8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.56% | 22.11% | +5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.45% | 25.39% | +2.06% |
Dividends
PPG vs. BKH - Dividend Comparison
PPG's dividend yield for the trailing twelve months is around 2.52%, 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% |
PPG PPG Industries, Inc. | 2.52% | 2.71% | 2.23% | 1.70% | 1.92% | 1.31% | 1.46% | 1.48% | 1.82% | 1.46% | 1.65% | 1.43% |
Financials
PPG vs. BKH - Financials Comparison
This section allows you to compare key financial metrics between PPG Industries, Inc. 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
PPG vs. BKH - Profitability Comparison
PPG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PPG Industries, Inc. reported a gross profit of 0.00 and revenue of 3.93B. 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%.
PPG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PPG Industries, Inc. reported an operating income of 385.00M and revenue of 3.93B, resulting in an operating margin of 9.8%.
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%.
PPG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PPG Industries, Inc. reported a net income of 382.00M and revenue of 3.93B, resulting in a net margin of 9.7%.
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
PPG and BKH have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPG has higher volatility (7.40%) compared to BKH (6.20%). In terms of maximum drawdown, PPG dropped -63.02% vs BKH's -65.72%.
BKH currently has the higher Sharpe Ratio (1.56 vs 0.10), 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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