BKH vs SPY
Comparison between Black Hills Corporation (BKH, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BKH, delivering a return of +13.8% compared to +6.6%
BKH vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BKH vs SPY - Historical Returns
Returns include dividend reinvestment.
BKH vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BKH | SPY |
|---|---|---|
| 2026 | +7.23% | +7.70% |
| 2025 | +24.80% | +18.00% |
| 2024 | +10.92% | +25.59% |
| 2023 | -20.06% | +26.72% |
| 2022 | +4.06% | -18.64% |
| 2021 | +21.67% | +30.52% |
| 2020 | -17.09% | +17.28% |
| 2019 | +31.76% | +31.09% |
| 2018 | +9.74% | -5.24% |
| 2017 | +2.14% | +20.78% |
| 2016 | +35.30% | +13.59% |
| 2015 | -9.44% | +1.31% |
| 2014 | +5.87% | +14.56% |
| 2013 | +43.60% | +29.00% |
| 2012 | +14.70% | +14.17% |
| 2011 | +15.71% | +0.85% |
| 2010 | +17.18% | +13.14% |
| 2009 | +3.80% | +22.67% |
| 2008 | -34.62% | -36.25% |
| 2007 | +20.65% | +5.32% |
| 2006 | +8.82% | +13.85% |
| 2005 | +19.16% | +5.32% |
| 2004 | +7.16% | +10.75% |
| 2003 | +16.03% | +24.18% |
| 2002 | -16.62% | -22.42% |
| 2001 | -8.60% | -10.13% |
| 2000 | +113.35% | -8.84% |
| 1999 | -2.62% | +8.61% |
BKH vs SPY Drawdown Comparison
The maximum drawdown for BKH was -65.69%, occurring on Mar 9, 2009. Recovery took 2850 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BKH drawdown is -3.71%. The current SPY drawdown is -1.93%.
| Rank | BKH | SPY |
|---|---|---|
| #1 | -65.69% May 24, 2001 - Sep 21, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -40.45% Feb 18, 2020 - Apr 20, 2022 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.98% Aug 19, 2022 - Nov 7, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -36.72% Jun 30, 2014 - Mar 9, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -28.42% Jun 16, 2017 - Feb 8, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -28.25% Dec 28, 2000 - Mar 30, 2001 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.96% Feb 9, 2000 - Jun 20, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.82% Apr 20, 2022 - Aug 18, 2022 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.84% Aug 1, 2013 - Jan 16, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.22% Jun 20, 2000 - Aug 11, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.02% Jul 1, 2016 - Feb 21, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.45% Mar 4, 2026 - Apr 14, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.04% Nov 1, 1999 - Dec 1, 1999 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.67% Jun 24, 2019 - Jan 16, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.52% Nov 28, 2025 - Feb 3, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BKH and SPY is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
BKH vs SPY dividend yield comparison.
| Year | BKH | SPY |
|---|---|---|
| 2026 | 1.92% | 0.24% |
| 2025 | 3.90% | 1.07% |
| 2024 | 4.44% | 1.21% |
| 2023 | 4.63% | 1.40% |
| 2022 | 3.43% | 1.65% |
| 2021 | 3.25% | 1.20% |
| 2020 | 3.53% | 1.52% |
| 2019 | 2.61% | 1.75% |
| 2018 | 3.07% | 2.04% |
| 2017 | 3.01% | 1.80% |
| 2016 | 2.74% | 2.03% |
| 2015 | 3.49% | 2.06% |
| 2014 | 2.94% | 1.87% |
| 2013 | 2.89% | 1.81% |
| 2012 | 4.07% | 2.18% |
| 2011 | 4.35% | 2.05% |
| 2010 | 4.80% | 1.80% |
| 2009 | 5.33% | 1.95% |
| 2008 | 5.19% | 3.02% |
| 2007 | 3.11% | 1.85% |
| 2006 | 3.57% | 1.73% |
| 2005 | 3.70% | 1.73% |
| 2004 | 4.04% | 1.82% |
| 2003 | 4.02% | 1.47% |
| 2002 | 4.37% | 1.70% |
| 2001 | 3.31% | 1.25% |
| 2000 | 2.41% | 1.15% |
| 1999 | 1.17% | 0.24% |
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