BLDP vs SPY
Comparison between Ballard Power Systems Inc (BLDP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BLDP, delivering a return of +13.3% compared to -22.0%
BLDP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BLDP vs SPY - Historical Returns
Returns include dividend reinvestment.
BLDP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BLDP | SPY |
|---|---|---|
| 2026 | +83.58% | +8.26% |
| 2025 | +38.04% | +18.00% |
| 2024 | -54.52% | +25.59% |
| 2023 | -21.78% | +26.72% |
| 2022 | -62.07% | -18.64% |
| 2021 | -44.25% | +30.52% |
| 2020 | +192.50% | +17.28% |
| 2019 | +164.94% | +31.09% |
| 2018 | -45.68% | -5.24% |
| 2017 | +159.41% | +20.78% |
| 2016 | +8.55% | +13.59% |
| 2015 | -14.75% | +1.31% |
| 2014 | +13.14% | +14.56% |
| 2013 | +146.70% | +29.00% |
| 2012 | -45.96% | +14.17% |
| 2011 | -29.87% | +0.85% |
| 2010 | -22.68% | +13.14% |
| 2009 | +46.51% | +22.67% |
| 2008 | -78.48% | -36.25% |
| 2007 | -6.74% | +5.32% |
| 2006 | +35.80% | +13.85% |
| 2005 | -36.47% | +5.32% |
| 2004 | -43.50% | +10.75% |
| 2003 | +1.28% | +24.18% |
| 2002 | -62.90% | -22.42% |
| 2001 | -47.66% | -10.13% |
| 2000 | +90.30% | -8.84% |
| 1999 | +2.03% | +8.61% |
BLDP vs SPY Drawdown Comparison
The maximum drawdown for BLDP was -99.55%, occurring on Dec 18, 2012. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BLDP drawdown is -96.28%. The current SPY drawdown is -2.90%.
| Rank | BLDP | SPY |
|---|---|---|
| #1 | -99.55% Mar 2, 2000 - Dec 18, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -29.19% Jan 21, 2000 - Feb 9, 2000 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -16.29% Nov 1, 1999 - Nov 26, 1999 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -12.96% Feb 22, 2000 - Mar 1, 2000 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -12.46% Jan 10, 2000 - Jan 18, 2000 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.90% Nov 26, 1999 - Dec 23, 1999 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -7.35% Jan 3, 2000 - Jan 6, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.87% Feb 9, 2000 - Feb 14, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.83% Dec 23, 1999 - Jan 3, 2000 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -1.83% Feb 14, 2000 - Feb 16, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | N/A | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BLDP and SPY is -0.18 which considered as a very weak or no correlation - the stocks move independently of each other.
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