SLDP vs. LAC

Last updated Aug 3, 2026

SLDP (Solid Power, Inc.) and LAC (Lithium Americas Corp.) are both stocks. SLDP operates in Electrical Equipment & Parts (Industrials), while LAC operates in Other Industrial Metals & Mining (Basic Materials). Over the past year, SLDP returned -33.76% vs 12.55% for LAC. Their 0.45 correlation means their historical movements had little consistent relationship.

Performance

SLDP vs. LAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solid Power, Inc. (SLDP) and Lithium Americas Corp. (LAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLDP achieves a -51.53% return, which is significantly lower than LAC's -34.17% return.

SLDP

• 1D: -0.24%
• 1M: -18.25%
• 6M: -54.02%
• YTD: -51.53%
• 1Y: -33.76%
• 3Y*: -10.36%
• 5Y*: -26.98%
• 10Y*: —
• ALL TIME*: -26.19%

LAC

• 1D: -0.69%
• 1M: -23.67%
• 6M: -41.07%
• YTD: -34.17%
• 1Y: 12.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -32.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LAC Lithium Americas Corp.	$21.24M	$30.56M	$47.54M
SLDP Solid Power, Inc.	$8.45M	$8.87M	$15.65M

SLDP vs. LAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SLDP Solid Power, Inc.	-51.53%	124.87%	30.34%	-28.22%
LAC Lithium Americas Corp.	-34.17%	46.80%	-53.59%	-27.19%

Correlation

The correlation between SLDP and LAC is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.45

The correlation between SLDP and LAC has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

Fundamentals

Market Cap SLDP : $463.47M LAC : $640.81M
EPS SLDP : -$0.75 LAC : -$0.26
PB Ratio SLDP : 0.00 LAC : 0.75
Total Revenue (TTM) SLDP : $17.84M LAC : $0.00
Gross Profit (TTM) SLDP : -$2.22M LAC : -$580.22K
EBITDA (TTM) SLDP : -$63.00M LAC : -$52.10M

Return for Risk

SLDP vs. LAC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SLDP

SLDP Risk / Return Rank: 32
SLDP Sharpe Ratio Rank: 30
SLDP Sortino Ratio Rank: 37
SLDP Omega Ratio Rank: 36
SLDP Calmar Ratio Rank: 28
SLDP Martin Ratio Rank: 30

LAC

LAC Risk / Return Rank: 56
LAC Sharpe Ratio Rank: 49
LAC Sortino Ratio Rank: 68
LAC Omega Ratio Rank: 64
LAC Calmar Ratio Rank: 50
LAC Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SLDP vs. LAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solid Power, Inc. (SLDP) and Lithium Americas Corp. (LAC). 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.

	SLDP	LAC	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	0.09	-0.42
Sortino ratio: Return per unit of downside risk	0.15	1.40	-1.25
Omega ratio: Gain probability vs. loss probability	1.02	1.16	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.46	0.16	-0.63
Martin ratio: Return relative to average drawdown	-0.71	0.25	-0.96

SLDP vs. LAC - Sharpe Ratio Comparison

The current SLDP Sharpe Ratio is -0.33, which is lower than the LAC Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of SLDP and LAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLDP vs. LAC - Drawdown Comparison

The maximum SLDP drawdown since its inception was -93.46%, which is greater than LAC's maximum drawdown of -81.83%. Use the drawdown chart below to compare losses from any high point for SLDP and LAC.

Drawdown Indicators

	SLDP	LAC	Difference
Max Drawdown Largest peak-to-trough decline	-93.46%	-81.83%	-11.63%
Max Drawdown (1Y) Largest decline over 1 year	-76.50%	-73.03%	-3.47%
Max Drawdown (3Y) Largest decline over 3 years	-76.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-93.46%	—	—
Current Drawdown Current decline from peak	-85.46%	-75.51%	-9.95%
Average Drawdown Average peak-to-trough decline	-69.06%	-63.46%	-5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.07%	47.39%	+2.68%

Volatility

SLDP vs. LAC - Volatility Comparison

Solid Power, Inc. (SLDP) has a higher volatility of 17.17% compared to Lithium Americas Corp. (LAC) at 16.02%. This indicates that SLDP's price experiences larger fluctuations and is considered to be riskier than LAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLDP	LAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.17%	16.02%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	45.91%	49.65%	-3.74%
Volatility (1Y) Calculated over the trailing 1-year period	107.67%	131.45%	-23.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.02%	99.78%	-12.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.77%	99.78%	-14.01%

Dividends

SLDP vs. LAC - Dividend Comparison

Neither SLDP nor LAC has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SLDP and LAC in my portfolio?

SLDP and LAC have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLDP or LAC?

SLDP has higher volatility (17.17%) compared to LAC (16.02%). In terms of maximum drawdown, SLDP dropped -93.46% vs LAC's -81.83%.

Which has better risk-adjusted returns?

LAC currently has the higher Sharpe Ratio (0.09 vs -0.33), 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.