SCL vs. BKH
SCL (Stepan Company) and BKH (Black Hills Corporation) are both stocks. SCL operates in Specialty Chemicals (Basic Materials), while BKH operates in Utilities - Diversified (Utilities). Over the past 10 years, SCL returned 1.56%/yr vs 4.90%/yr for BKH. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
SCL vs. BKH - Performance Comparison
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Returns By Period
In the year-to-date period, SCL achieves a 37.52% return, which is significantly higher than BKH's 4.55% return. Over the past 10 years, SCL has underperformed BKH with an annualized return of 1.56%, while BKH has yielded a comparatively higher 4.90% annualized return.
SCL
- 1D
- -1.43%
- 1M
- 14.93%
- 6M
- 13.05%
- YTD
- 37.52%
- 1Y
- 30.41%
- 3Y*
- -10.03%
- 5Y*
- -9.65%
- 10Y*
- 1.56%
- ALL TIME*
- 8.65%
BKH
- 1D
- -1.41%
- 1M
- -3.30%
- 6M
- -0.55%
- YTD
- 4.55%
- 1Y
- 28.24%
- 3Y*
- 11.13%
- 5Y*
- 5.20%
- 10Y*
- 4.90%
- ALL TIME*
- 10.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.52M | $54.01M | $68.22M | |
| $10.89M | $8.99M | $7.98M |
SCL vs. BKH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCL Stepan Company | 37.52% | -24.60% | -30.29% | -9.74% | -12.91% | 5.24% | 17.75% | 39.96% | -5.21% | -2.06% |
BKH Black Hills Corporation | 4.55% | 23.93% | 13.57% | -19.95% | 3.08% | 18.86% | -19.05% | 28.60% | 7.98% | 0.81% |
Correlation
The correlation between SCL and BKH is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.27 |
The correlation between SCL and BKH shifts across timeframes, from 0.16 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SCL:
$1.46B
BKH:
$5.42B
SCL:
-$0.12
BKH:
$2.08
SCL:
0.60
BKH:
2.33
SCL:
$2.43B
BKH:
$2.29B
SCL:
$287.37M
BKH:
$596.90M
SCL:
$84.96M
BKH:
$554.70M
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Return for Risk
SCL vs. BKH — Risk / Return Rank
SCL
BKH
SCL vs. BKH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stepan Company (SCL) 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.
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.
| SCL | BKH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.59 | -1.66 |
| Martin ratioReturn relative to average drawdown | 1.93 | 7.72 | -5.79 |
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Drawdowns
SCL vs. BKH - Drawdown Comparison
The maximum SCL drawdown since its inception was -66.78%, roughly equal to the maximum BKH drawdown of -65.72%. Use the drawdown chart below to compare losses from any high point for SCL and BKH.
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Drawdown Indicators
| SCL | BKH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.78% | -65.72% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -32.78% | -10.94% | -21.84% |
Max Drawdown (3Y)Largest decline over 3 years | -54.02% | -18.28% | -35.74% |
Max Drawdown (5Y)Largest decline over 5 years | -64.48% | -36.98% | -27.50% |
Max Drawdown (10Y)Largest decline over 10 years | -66.78% | -40.45% | -26.33% |
Current DrawdownCurrent decline from peak | -48.41% | -6.43% | -41.98% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -16.15% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.81% | 3.67% | +12.14% |
Volatility
SCL vs. BKH - Volatility Comparison
Stepan Company (SCL) has a higher volatility of 14.58% compared to Black Hills Corporation (BKH) at 6.15%. This indicates that SCL'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
| SCL | BKH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.58% | 6.15% | +8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 33.44% | 18.00% | +15.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.47% | 22.61% | +14.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.08% | 22.39% | +8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 25.59% | +6.28% |
Dividends
SCL vs. BKH - Dividend Comparison
SCL's dividend yield for the trailing twelve months is around 2.45%, less than BKH's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKH Black Hills Corporation | 3.87% | 3.90% | 4.44% | 4.63% | 3.43% | 3.25% | 3.53% | 2.61% | 3.07% | 3.01% | 2.74% | 3.49% |
SCL Stepan Company | 2.45% | 3.27% | 2.33% | 1.55% | 1.63% | 1.01% | 0.95% | 1.00% | 1.25% | 1.06% | 0.95% | 1.47% |
Financials
SCL vs. BKH - Financials Comparison
This section allows you to compare key financial metrics between Stepan Company 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
SCL vs. BKH - Profitability Comparison
SCL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Stepan Company reported a gross profit of 99.98M and revenue of 684.11M. Therefore, the gross margin over that period was 14.6%.
BKH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
SCL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Stepan Company reported an operating income of -28.23M and revenue of 684.11M, resulting in an operating margin of -4.1%.
BKH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Black Hills Corporation reported an operating income of 201.90M and revenue of 780.70M, resulting in an operating margin of 25.9%.
SCL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Stepan Company reported a net income of 22.91M and revenue of 684.11M, resulting in a net margin of 3.4%.
BKH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
SCL and BKH 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.
SCL has higher volatility (14.58%) compared to BKH (6.15%). In terms of maximum drawdown, SCL dropped -66.78% vs BKH's -65.72%.
BKH currently has the higher Sharpe Ratio (1.26 vs 0.82), 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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