GTES vs BLTE
Comparison between Gates Industrial Corporation Ltd (GTES, Company) and Belite Bio Inc (BLTE, Company).
GTES is from the Industrials sector, while BLTE is from the Healthcare sector.
GTES vs BLTE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GTES vs BLTE - Historical Returns
Returns include dividend reinvestment.
GTES vs BLTE - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | GTES | BLTE |
|---|---|---|
| 2026 | +7.67% | +4.40% |
| 2025 | N/A | +147.00% |
| 2024 | N/A | +47.57% |
| 2023 | N/A | +53.52% |
| 2022 | N/A | +184.66% |
GTES vs BLTE Drawdown Comparison
The maximum drawdown for GTES was -9.08%, occurring on Jul 29, 2026. Recovery took 7 trading sessions.
The maximum drawdown for BLTE was -74.59%, occurring on Jun 23, 2023. Recovery took 364 trading sessions.
The current GTES drawdown is -7.27%. The current BLTE drawdown is -12.62%.
| Rank | GTES | BLTE |
|---|---|---|
| #1 | -9.08% Jul 22, 2026 - Jul 31, 2026 | -74.59% Jul 5, 2022 - Dec 13, 2023 |
| #2 | -7.27% Aug 4, 2026 - Aug 13, 2026 | -36.60% Nov 14, 2024 - Oct 16, 2025 |
| #3 | N/A | -32.66% Feb 14, 2024 - May 30, 2024 |
| #4 | N/A | -29.10% Feb 27, 2026 - Jun 2, 2026 |
| #5 | N/A | -23.75% May 6, 2022 - Jun 9, 2022 |
| #6 | N/A | -19.49% Jun 24, 2022 - Jul 1, 2022 |
| #7 | N/A | -16.24% Apr 29, 2022 - May 3, 2022 |
| #8 | N/A | -15.04% Dec 27, 2023 - Jan 17, 2024 |
| #9 | N/A | -13.23% Oct 29, 2024 - Nov 1, 2024 |
| #10 | N/A | -11.37% Nov 18, 2025 - Nov 24, 2025 |
| #11 | N/A | -9.87% Nov 10, 2025 - Nov 18, 2025 |
| #12 | N/A | -9.49% Dec 29, 2025 - Jan 27, 2026 |
| #13 | N/A | -9.18% Jun 13, 2024 - Jul 19, 2024 |
| #14 | N/A | -8.52% Jul 19, 2024 - Aug 13, 2024 |
| #15 | N/A | -8.25% Dec 1, 2025 - Dec 17, 2025 |
Correlation
Correlation between GTES and BLTE is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
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