BE vs. PBW
BE (Bloom Energy Corporation) is a stock, while PBW (Invesco WilderHill Clean Energy ETF) is Alternative Energy Equities fund tracking the The WilderHill Clean Energy Index (AMEX). Over the past 5 years, BE returned 49.67%/yr vs -16.68%/yr for PBW. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
BE vs. PBW - Performance Comparison
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Returns By Period
In the year-to-date period, BE achieves a 88.46% return, which is significantly higher than PBW's -1.56% return.
BE
- 1D
- -1.85%
- 1M
- -40.46%
- 6M
- -0.99%
- YTD
- 88.46%
- 1Y
- 371.22%
- 3Y*
- 111.29%
- 5Y*
- 49.67%
- 10Y*
- —
- ALL TIME*
- 31.11%
PBW
- 1D
- -3.99%
- 1M
- -21.63%
- 6M
- -16.79%
- YTD
- -1.56%
- 1Y
- 30.00%
- 3Y*
- -9.28%
- 5Y*
- -16.68%
- 10Y*
- 6.26%
- ALL TIME*
- -2.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.60B | $3.53B | $3.41B | |
| $29.14M | $27.47M | $34.67M |
BE vs. PBW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BE Bloom Energy Corporation | 88.46% | 291.22% | 50.07% | -22.59% | -12.81% | -23.48% | 283.67% | -25.15% | -46.63% |
PBW Invesco WilderHill Clean Energy ETF | -1.56% | 53.96% | -30.77% | -20.03% | -44.55% | -29.86% | 204.82% | 62.58% | -13.35% |
Correlation
The correlation between BE and PBW is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2018 | 0.65 |
The correlation between BE and PBW has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
BE vs. PBW — Risk / Return Rank
BE
PBW
BE vs. PBW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bloom Energy Corporation (BE) and Invesco WilderHill Clean Energy ETF (PBW). 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.
| BE | PBW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.14 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 7.11 | 0.84 | +6.27 |
| Martin ratioReturn relative to average drawdown | 20.92 | 2.62 | +18.30 |
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Drawdowns
BE vs. PBW - Drawdown Comparison
The maximum BE drawdown since its inception was -92.54%, roughly equal to the maximum PBW drawdown of -89.02%. Use the drawdown chart below to compare losses from any high point for BE and PBW.
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Drawdown Indicators
| BE | PBW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.54% | -89.02% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -52.65% | -36.09% | -16.56% |
Max Drawdown (3Y)Largest decline over 3 years | -52.65% | -67.96% | +15.31% |
Max Drawdown (5Y)Largest decline over 5 years | -75.87% | -84.50% | +8.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.02% | — |
Current DrawdownCurrent decline from peak | -52.65% | -75.19% | +22.54% |
Average DrawdownAverage peak-to-trough decline | -51.50% | -62.94% | +11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.85% | 11.49% | +6.36% |
Volatility
BE vs. PBW - Volatility Comparison
Bloom Energy Corporation (BE) has a higher volatility of 35.59% compared to Invesco WilderHill Clean Energy ETF (PBW) at 12.86%. This indicates that BE's price experiences larger fluctuations and is considered to be riskier than PBW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BE | PBW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.59% | 12.86% | +22.73% |
Volatility (6M)Calculated over the trailing 6-month period | 82.05% | 32.89% | +49.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.83% | 43.80% | +68.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.99% | 43.51% | +44.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.31% | 39.19% | +57.12% |
Dividends
BE vs. PBW - Dividend Comparison
BE has not paid dividends to shareholders, while PBW's dividend yield for the trailing twelve months is around 1.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BE Bloom Energy Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBW Invesco WilderHill Clean Energy ETF | 1.58% | 0.79% | 2.84% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.04% | 1.28% | 2.68% | 1.53% |
Frequently Asked Questions
BE and PBW have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BE has higher volatility (35.59%) compared to PBW (12.86%). In terms of maximum drawdown, BE dropped -92.54% vs PBW's -89.02%.
BE currently has the higher Sharpe Ratio (3.35 vs 0.69), 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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