BLDP vs BLNK: Correlation
Measured on weekly returns over the past three years, Ballard Power Systems, Inc. (BLDP) and Blink Charging Co. (BLNK) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDP and BLNK?
Across a 3-year window, the weekly returns of BLDP and BLNK correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 2544.7 %².
Among the 23 assets we track against BLDP, BLNK ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BLDP outperformed by 60.4 percentage points (+15.8% for BLDP against -44.6% for BLNK).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BLDP vs BLNK: side by side
| BLDP (Ballard Power Systems, Inc.) | BLNK (Blink Charging Co.) | |
|---|---|---|
| 1-year return | +15.8% | -44.6% |
| 5-year return | -85.8% | -98.2% |
| Volatility (ann.) | 66.3% | 81.5% |
| Beta vs S&P 500 | 1.62 | 1.83 |
| Max drawdown (3Y) | -76.4% | -89.4% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLDP | BLNK |
|---|---|---|
| 2022 | -61.9% | -58.6% |
| 2023 | -22.8% | -69.1% |
| 2024 | -55.1% | -59.0% |
| 2025 | +53.0% | -52.0% |
| 2026 | -7.9% | -13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDP and BLNK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BLDP and BLNK?
The BLDP/BLNK correlation stands at 0.47 on a 3-year window (1 year: 0.45, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is BLNK a good diversifier for BLDP?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BLDP correlations · BLNK correlations
