BEP-UN.TO vs. CASH.TO

Last updated Jun 4, 2026

BEP-UN.TO (Brookfield Renewable Partners L.P) is a stock, while CASH.TO (Global X High Interest Savings ETF) is Money Market fund actively managed by Global X. Over the past 3 years, BEP-UN.TO returned 12.37%/yr vs 3.62%/yr for CASH.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

BEP-UN.TO vs. CASH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brookfield Renewable Partners L.P (BEP-UN.TO) and Global X High Interest Savings ETF (CASH.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEP-UN.TO achieves a 39.76% return, which is significantly higher than CASH.TO's 0.83% return.

BEP-UN.TO

• 1D: -0.78%
• 1M: 14.90%
• YTD: 39.76%
• 6M: 33.47%
• 1Y: 57.80%
• 3Y*: 12.37%
• 5Y*: 6.53%
• 10Y*: 16.22%

CASH.TO

• 1D: 0.00%
• 1M: 0.15%
• YTD: 0.83%
• 6M: 1.01%
• 1Y: 2.22%
• 3Y*: 3.62%
• 5Y*: —
• 10Y*: —

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

BEP-UN.TO vs. CASH.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BEP-UN.TO Brookfield Renewable Partners L.P	39.76%	20.19%	-0.39%	6.87%	-21.24%	-7.43%
CASH.TO Global X High Interest Savings ETF	0.83%	2.45%	4.53%	5.11%	2.39%	0.08%

Correlation

The correlation between BEP-UN.TO and CASH.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021	0.03

Return for Risk

BEP-UN.TO vs. CASH.TO — Risk / Return Rank

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

BEP-UN.TO

BEP-UN.TO Risk / Return Rank: 85
BEP-UN.TO Sharpe Ratio Rank: 88
BEP-UN.TO Sortino Ratio Rank: 85
BEP-UN.TO Omega Ratio Rank: 84
BEP-UN.TO Calmar Ratio Rank: 86
BEP-UN.TO Martin Ratio Rank: 84

CASH.TO

CASH.TO Risk / Return Rank: 100
CASH.TO Sharpe Ratio Rank: 99
CASH.TO Sortino Ratio Rank: 100
CASH.TO Omega Ratio Rank: 100
CASH.TO Calmar Ratio Rank: 100
CASH.TO Martin Ratio Rank: 100

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.

BEP-UN.TO vs. CASH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P (BEP-UN.TO) and Global X High Interest Savings ETF (CASH.TO). 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.

	BEP-UN.TO	CASH.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.02	10.33	-8.30
Sortino ratio: Return per unit of downside risk	2.74	32.48	-29.75
Omega ratio: Gain probability vs. loss probability	1.35	7.47	-6.12
Calmar ratio: Return relative to maximum drawdown	3.66	111.49	-107.83
Martin ratio: Return relative to average drawdown	8.55	468.24	-459.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEP-UN.TO vs. CASH.TO - Sharpe Ratio Comparison

The current BEP-UN.TO Sharpe Ratio is 2.02, which is lower than the CASH.TO Sharpe Ratio of 10.33. The chart below compares the historical Sharpe Ratios of BEP-UN.TO and CASH.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BEP-UN.TO	CASH.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	10.33	-8.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	5.52	-4.79

Drawdowns

BEP-UN.TO vs. CASH.TO - Drawdown Comparison

The maximum BEP-UN.TO drawdown since its inception was -50.29%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for BEP-UN.TO and CASH.TO.

Drawdown Indicators

	BEP-UN.TO	CASH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-50.29%	-0.80%	-49.49%
Max Drawdown (1Y) Largest decline over 1 year	-15.87%	-0.02%	-15.85%
Max Drawdown (3Y) Largest decline over 3 years	-33.85%	-0.06%	-33.79%
Max Drawdown (5Y) Largest decline over 5 years	-42.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.29%	—	—
Current Drawdown Current decline from peak	-0.82%	0.00%	-0.82%
Average Drawdown Average peak-to-trough decline	-9.90%	-0.00%	-9.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.79%	0.00%	+6.79%

Volatility

BEP-UN.TO vs. CASH.TO - Volatility Comparison

Brookfield Renewable Partners L.P (BEP-UN.TO) has a higher volatility of 7.35% compared to Global X High Interest Savings ETF (CASH.TO) at 0.06%. This indicates that BEP-UN.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEP-UN.TO	CASH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.35%	0.06%	+7.29%
Volatility (6M) Calculated over the trailing 6-month period	19.37%	0.13%	+19.24%
Volatility (1Y) Calculated over the trailing 1-year period	28.95%	0.22%	+28.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.53%	0.61%	+28.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.59%	0.61%	+27.98%

Dividends

BEP-UN.TO vs. CASH.TO - Dividend Comparison

BEP-UN.TO's dividend yield for the trailing twelve months is around 4.20%, more than CASH.TO's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEP-UN.TO Brookfield Renewable Partners L.P	4.20%	5.59%	6.03%	5.39%	5.19%	3.73%	3.29%	5.95%	9.66%	7.44%	7.78%	7.97%
CASH.TO Global X High Interest Savings ETF	2.19%	2.53%	4.37%	5.06%	2.30%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BEP-UN.TO and CASH.TO in my portfolio?

BEP-UN.TO and CASH.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.