TT vs. BLDP
TT (Trane Technologies plc) and BLDP (Ballard Power Systems Inc.) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, TT returned 24.79%/yr vs 13.02%/yr for BLDP. At a 0.26 correlation, their price movements are largely independent.
Performance
TT vs. BLDP - Performance Comparison
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Returns By Period
In the year-to-date period, TT achieves a 26.90% return, which is significantly lower than BLDP's 70.08% return. Over the past 10 years, TT has outperformed BLDP with an annualized return of 24.79%, while BLDP has yielded a comparatively lower 13.02% annualized return.
TT
- 1D
- 1.69%
- 1M
- 9.24%
- YTD
- 26.90%
- 6M
- 26.68%
- 1Y
- 18.22%
- 3Y*
- 39.67%
- 5Y*
- 23.86%
- 10Y*
- 24.79%
BLDP
- 1D
- -1.14%
- 1M
- -22.02%
- YTD
- 70.08%
- 6M
- 63.02%
- 1Y
- 184.21%
- 3Y*
- 0.15%
- 5Y*
- -25.17%
- 10Y*
- 13.02%
TT vs. BLDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TT Trane Technologies plc | 26.90% | 6.38% | 52.97% | 47.39% | -15.34% | 41.02% | 11.26% | 48.32% | 4.41% | 21.27% |
BLDP Ballard Power Systems Inc. | 70.08% | 53.01% | -55.14% | -22.76% | -61.86% | -46.32% | 225.91% | 200.42% | -45.80% | 167.27% |
Correlation
The correlation between TT and BLDP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 1995 | 0.26 |
Fundamentals
TT:
$109.67B
BLDP:
$1.30B
TT:
$12.94
BLDP:
-$0.27
TT:
5.10
BLDP:
12.49
TT:
12.73
BLDP:
2.24
TT:
$21.60B
BLDP:
$103.13M
TT:
$7.76B
BLDP:
$11.79M
TT:
$4.25B
BLDP:
-$77.20M
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Return for Risk
TT vs. BLDP — Risk / Return Rank
TT
BLDP
TT vs. BLDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trane Technologies plc (TT) and Ballard Power Systems Inc. (BLDP). 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.
| TT | BLDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.67 | -2.75 |
| Martin ratioReturn relative to average drawdown | 1.80 | 7.15 | -5.34 |
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Drawdowns
TT vs. BLDP - Drawdown Comparison
The maximum TT drawdown since its inception was -77.91%, smaller than the maximum BLDP drawdown of -99.55%. Use the drawdown chart below to compare losses from any high point for TT and BLDP.
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Drawdown Indicators
| TT | BLDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.91% | -99.55% | +21.64% |
Max Drawdown (1Y)Largest decline over 1 year | -19.97% | -50.50% | +30.53% |
Max Drawdown (3Y)Largest decline over 3 years | -24.44% | -78.88% | +54.44% |
Max Drawdown (5Y)Largest decline over 5 years | -40.53% | -94.73% | +54.20% |
Max Drawdown (10Y)Largest decline over 10 years | -51.13% | -97.51% | +46.38% |
Current DrawdownCurrent decline from peak | 0.00% | -96.73% | +96.73% |
Average DrawdownAverage peak-to-trough decline | -14.83% | -82.22% | +67.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.13% | 25.89% | -15.76% |
Volatility
TT vs. BLDP - Volatility Comparison
The current volatility for Trane Technologies plc (TT) is 8.45%, while Ballard Power Systems Inc. (BLDP) has a volatility of 30.81%. This indicates that TT experiences smaller price fluctuations and is considered to be less risky than BLDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TT | BLDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.45% | 30.81% | -22.36% |
Volatility (6M)Calculated over the trailing 6-month period | 21.61% | 60.32% | -38.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.81% | 82.87% | -55.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.35% | 69.21% | -41.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.38% | 70.94% | -42.56% |
Dividends
TT vs. BLDP - Dividend Comparison
TT's dividend yield for the trailing twelve months is around 0.81%, while BLDP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDP Ballard Power Systems Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TT Trane Technologies plc | 0.81% | 0.97% | 0.91% | 1.23% | 1.59% | 1.17% | 1.46% | 1.59% | 2.15% | 1.91% | 1.81% | 2.10% |
Financials
TT vs. BLDP - Financials Comparison
This section allows you to compare key financial metrics between Trane Technologies plc and Ballard Power Systems Inc.. 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
TT vs. BLDP - Profitability Comparison
TT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported a gross profit of 1.73B and revenue of 4.97B. Therefore, the gross margin over that period was 34.8%.
BLDP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ballard Power Systems Inc. reported a gross profit of 2.72M and revenue of 19.15M. Therefore, the gross margin over that period was 14.2%.
TT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported an operating income of 776.10M and revenue of 4.97B, resulting in an operating margin of 15.6%.
BLDP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ballard Power Systems Inc. reported an operating income of -12.89M and revenue of 19.15M, resulting in an operating margin of -67.3%.
TT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported a net income of 584.40M and revenue of 4.97B, resulting in a net margin of 11.8%.
BLDP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ballard Power Systems Inc. reported a net income of -11.23M and revenue of 19.15M, resulting in a net margin of -58.7%.
Frequently Asked Questions
TT and BLDP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLDP has higher volatility (30.81%) compared to TT (8.45%). In terms of maximum drawdown, TT dropped -77.91% vs BLDP's -99.55%.
BLDP currently has the higher Sharpe Ratio (2.24 vs 0.66), 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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