BE vs. PBW

Last updated Apr 2, 2026

Compare and contrast key facts about Bloom Energy Corporation (BE) and Invesco WilderHill Clean Energy ETF (PBW).

PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005.

Performance

BE vs. PBW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bloom Energy Corporation (BE) and Invesco WilderHill Clean Energy ETF (PBW). The values are adjusted to include any dividend payments, if applicable.

BE vs. PBW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BE Bloom Energy Corporation	52.43%	291.22%	50.07%	-22.59%	-12.81%	-23.48%	283.67%	-25.15%	-60.08%
PBW Invesco WilderHill Clean Energy ETF	3.51%	53.96%	-30.77%	-20.03%	-44.55%	-29.86%	204.82%	62.58%	-14.31%

Returns By Period

In the year-to-date period, BE achieves a 52.43% return, which is significantly higher than PBW's 3.51% return.

BE

• 1D: -2.24%
• 1M: -20.21%
• YTD: 52.43%
• 6M: 46.86%
• 1Y: 523.59%
• 3Y*: 88.01%
• 5Y*: 38.12%
• 10Y*: —

PBW

• 1D: 0.00%
• 1M: -4.70%
• YTD: 3.51%
• 6M: 3.91%
• 1Y: 100.93%
• 3Y*: -6.15%
• 5Y*: -18.62%
• 10Y*: 6.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BE vs. PBW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BE

BE Risk / Return Rank: 97
BE Sharpe Ratio Rank: 99
BE Sortino Ratio Rank: 96
BE Omega Ratio Rank: 94
BE Calmar Ratio Rank: 99
BE Martin Ratio Rank: 99

PBW

PBW Risk / Return Rank: 92
PBW Sharpe Ratio Rank: 94
PBW Sortino Ratio Rank: 93
PBW Omega Ratio Rank: 84
PBW Calmar Ratio Rank: 96
PBW Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	BE	PBW	Difference
Sharpe ratio Return per unit of total volatility	5.24	2.37	+2.86
Sortino ratio Return per unit of downside risk	3.77	2.88	+0.89
Omega ratio Gain probability vs. loss probability	1.48	1.34	+0.14
Calmar ratio Return relative to maximum drawdown	12.49	4.83	+7.66
Martin ratio Return relative to average drawdown	37.14	13.26	+23.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BE vs. PBW - Sharpe Ratio Comparison

The current BE Sharpe Ratio is 5.24, which is higher than the PBW Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of BE and PBW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BE	PBW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.24	2.37	+2.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	-0.44	+0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	-0.07	+0.33

Correlation

The correlation between BE and PBW is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 0.86%.

	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	0.86%	0.79%	2.84%	3.68%	4.21%	1.71%	0.44%	1.45%	2.04%	1.28%	2.68%	1.53%

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.

Drawdown Indicators

	BE	PBW	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-89.02%	-3.52%
Max Drawdown (1Y) Largest decline over 1 year	-45.94%	-21.24%	-24.70%
Max Drawdown (5Y) Largest decline over 5 years	-75.87%	-84.98%	+9.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-89.02%	—
Current Drawdown Current decline from peak	-24.21%	-73.91%	+49.70%
Average Drawdown Average peak-to-trough decline	-53.10%	-62.86%	+9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.45%	7.74%	+7.71%

Volatility

BE vs. PBW - Volatility Comparison

Bloom Energy Corporation (BE) has a higher volatility of 34.42% compared to Invesco WilderHill Clean Energy ETF (PBW) at 11.75%. 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.

Volatility by Period

	BE	PBW	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.42%	11.75%	+22.67%
Volatility (6M) Calculated over the trailing 6-month period	80.27%	31.89%	+48.38%
Volatility (1Y) Calculated over the trailing 1-year period	101.11%	42.80%	+58.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.20%	42.93%	+41.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.46%	38.48%	+55.98%