SPIR vs. BKSY

Last updated Apr 1, 2026

Compare and contrast key facts about Spire Global, Inc. (SPIR) and BlackSky Technology Inc. (BKSY).

Performance

SPIR vs. BKSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spire Global, Inc. (SPIR) and BlackSky Technology Inc. (BKSY). The values are adjusted to include any dividend payments, if applicable.

SPIR vs. BKSY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPIR Spire Global, Inc.	67.73%	-46.70%	79.92%	1.82%	-71.60%	-66.23%	3.20%
BKSY BlackSky Technology Inc.	34.19%	73.77%	-3.66%	-9.09%	-65.70%	-57.12%	5.76%

Fundamentals

Market Cap SPIR : $413.50B BKSY : $899.52M
EPS SPIR : -$2.28 BKSY : -$2.05
PS Ratio SPIR : 8.70 BKSY : 8.07
PB Ratio SPIR : 3.66 BKSY : 9.48
Total Revenue (TTM) SPIR : $15.88B BKSY : $106.58M
Gross Profit (TTM) SPIR : $6.45B BKSY : $37.84M
EBITDA (TTM) SPIR : -$23.01B BKSY : -$32.70M

Returns By Period

In the year-to-date period, SPIR achieves a 67.73% return, which is significantly higher than BKSY's 34.19% return.

SPIR

• 1D: 6.97%
• 1M: 42.15%
• YTD: 67.73%
• 6M: 14.47%
• 1Y: 55.50%
• 3Y*: 33.03%
• 5Y*: -30.94%
• 10Y*: —

BKSY

• 1D: 14.83%
• 1M: 33.47%
• YTD: 34.19%
• 6M: 24.86%
• 1Y: 225.49%
• 3Y*: 27.99%
• 5Y*: -21.03%
• 10Y*: —

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

Return for Risk

SPIR vs. BKSY — Risk / Return Rank

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

SPIR

SPIR Risk / Return Rank: 65
SPIR Sharpe Ratio Rank: 65
SPIR Sortino Ratio Rank: 67
SPIR Omega Ratio Rank: 65
SPIR Calmar Ratio Rank: 65
SPIR Martin Ratio Rank: 63

BKSY

BKSY Risk / Return Rank: 88
BKSY Sharpe Ratio Rank: 93
BKSY Sortino Ratio Rank: 89
BKSY Omega Ratio Rank: 85
BKSY Calmar Ratio Rank: 90
BKSY Martin Ratio Rank: 85

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.

SPIR vs. BKSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spire Global, Inc. (SPIR) and BlackSky Technology Inc. (BKSY). 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.

	SPIR	BKSY	Difference
Sharpe ratio Return per unit of total volatility	0.64	2.25	-1.61
Sortino ratio Return per unit of downside risk	1.42	2.68	-1.26
Omega ratio Gain probability vs. loss probability	1.18	1.32	-0.15
Calmar ratio Return relative to maximum drawdown	1.07	3.73	-2.66
Martin ratio Return relative to average drawdown	2.24	7.75	-5.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPIR vs. BKSY - Sharpe Ratio Comparison

The current SPIR Sharpe Ratio is 0.64, which is lower than the BKSY Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of SPIR and BKSY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPIR	BKSY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	2.25	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	-0.22	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	-0.19	-0.13

Correlation

The correlation between SPIR and BKSY is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPIR vs. BKSY - Dividend Comparison

Neither SPIR nor BKSY has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SPIR vs. BKSY - Drawdown Comparison

The maximum SPIR drawdown since its inception was -97.74%, roughly equal to the maximum BKSY drawdown of -96.61%. Use the drawdown chart below to compare losses from any high point for SPIR and BKSY.

Drawdown Indicators

	SPIR	BKSY	Difference
Max Drawdown Largest peak-to-trough decline	-97.74%	-96.61%	-1.13%
Max Drawdown (1Y) Largest decline over 1 year	-50.04%	-58.46%	+8.42%
Max Drawdown (5Y) Largest decline over 5 years	-97.74%	-96.04%	-1.70%
Current Drawdown Current decline from peak	-91.48%	-79.02%	-12.46%
Average Drawdown Average peak-to-trough decline	-77.64%	-65.04%	-12.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.93%	28.16%	-4.23%

Volatility

SPIR vs. BKSY - Volatility Comparison

The current volatility for Spire Global, Inc. (SPIR) is 22.96%, while BlackSky Technology Inc. (BKSY) has a volatility of 32.03%. This indicates that SPIR experiences smaller price fluctuations and is considered to be less risky than BKSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPIR	BKSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.96%	32.03%	-9.07%
Volatility (6M) Calculated over the trailing 6-month period	69.32%	75.79%	-6.47%
Volatility (1Y) Calculated over the trailing 1-year period	86.49%	100.85%	-14.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.47%	95.71%	-2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.09%	86.88%	+3.21%

Financials