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 23.16%/yr vs 3.14%/yr for BLDP. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
TT vs. BLDP - Performance Comparison
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Returns By Period
In the year-to-date period, TT achieves a 17.44% return, which is significantly higher than BLDP's 5.12% return. Over the past 10 years, TT has outperformed BLDP with an annualized return of 23.16%, while BLDP has yielded a comparatively lower 3.14% annualized return.
TT
- 1D
- 3.33%
- 1M
- -4.85%
- 6M
- 8.68%
- YTD
- 17.44%
- 1Y
- 4.54%
- 3Y*
- 33.11%
- 5Y*
- 18.95%
- 10Y*
- 23.16%
- ALL TIME*
- 15.31%
BLDP
- 1D
- -4.30%
- 1M
- -24.15%
- 6M
- 14.59%
- YTD
- 5.12%
- 1Y
- 49.16%
- 3Y*
- -17.47%
- 5Y*
- -30.25%
- 10Y*
- 3.14%
- ALL TIME*
- -1.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.98M | $19.79M | $41.14M | |
| $661.27M | $596.12M | $648.95M |
TT vs. BLDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TT Trane Technologies plc | 17.44% | 6.38% | 52.97% | 47.39% | -15.34% | 41.02% | 11.26% | 48.32% | 4.41% | 21.27% |
BLDP Ballard Power Systems Inc. | 5.12% | 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 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 1995 | 0.26 |
Fundamentals
TT:
$100.57B
BLDP:
$804.94M
TT:
$13.19
BLDP:
-$0.27
TT:
4.58
BLDP:
7.71
TT:
11.74
BLDP:
1.39
TT:
$22.21B
BLDP:
$103.13M
TT:
$7.86B
BLDP:
$11.79M
TT:
$4.23B
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 | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.17 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.76 | -0.45 |
| Martin ratioReturn relative to average drawdown | 0.66 | 1.50 | -0.84 |
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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 | -15.90% | -60.82% | +44.92% |
Max Drawdown (3Y)Largest decline over 3 years | -24.44% | -78.88% | +54.44% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -94.73% | +54.97% |
Max Drawdown (10Y)Largest decline over 10 years | -51.13% | -97.51% | +46.38% |
Current DrawdownCurrent decline from peak | -9.64% | -97.98% | +88.34% |
Average DrawdownAverage peak-to-trough decline | -14.80% | -82.27% | +67.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.30% | 30.67% | -23.37% |
Volatility
TT vs. BLDP - Volatility Comparison
The current volatility for Trane Technologies plc (TT) is 8.26%, while Ballard Power Systems Inc. (BLDP) has a volatility of 22.63%. 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 | 8.26% | 22.63% | -14.37% |
Volatility (6M)Calculated over the trailing 6-month period | 22.52% | 65.27% | -42.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.20% | 83.36% | -55.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.67% | 69.89% | -42.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.40% | 69.24% | -40.84% |
Dividends
TT vs. BLDP - Dividend Comparison
TT's dividend yield for the trailing twelve months is around 0.87%, 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 | 0.87% | 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 Aug 2026, Trane Technologies plc reported a gross profit of 2.26B and revenue of 6.35B. Therefore, the gross margin over that period was 35.6%.
BLDP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 Aug 2026, Trane Technologies plc reported an operating income of 1.22B and revenue of 6.35B, resulting in an operating margin of 19.3%.
BLDP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 Aug 2026, Trane Technologies plc reported a net income of 925.70M and revenue of 6.35B, resulting in a net margin of 14.6%.
BLDP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLDP has higher volatility (22.63%) compared to TT (8.26%). In terms of maximum drawdown, TT dropped -77.91% vs BLDP's -99.55%.
BLDP currently has the higher Sharpe Ratio (0.55 vs 0.17), 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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