BEP-UN.TO vs. FTS.TO
BEP-UN.TO (Brookfield Renewable Partners L.P) and FTS.TO (Fortis Inc.) are both stocks. Both are in the Utilities sector — BEP-UN.TO in Utilities - Renewable, FTS.TO in Utilities - Regulated Electric. Over the past 10 years, BEP-UN.TO returned 27.19%/yr vs 10.88%/yr for FTS.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
BEP-UN.TO vs. FTS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BEP-UN.TO achieves a 33.62% return, which is significantly higher than FTS.TO's 14.30% return. Over the past 10 years, BEP-UN.TO has outperformed FTS.TO with an annualized return of 27.19%, while FTS.TO has yielded a comparatively lower 10.88% annualized return.
BEP-UN.TO
- 1D
- 0.94%
- 1M
- 3.56%
- YTD
- 33.62%
- 6M
- 29.84%
- 1Y
- 43.17%
- 3Y*
- 14.35%
- 5Y*
- 5.35%
- 10Y*
- 27.19%
FTS.TO
- 1D
- 0.77%
- 1M
- 6.60%
- YTD
- 14.30%
- 6M
- 14.80%
- 1Y
- 26.83%
- 3Y*
- 16.79%
- 5Y*
- 11.33%
- 10Y*
- 10.88%
BEP-UN.TO vs. FTS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEP-UN.TO Brookfield Renewable Partners L.P | 33.62% | 20.23% | -0.38% | 6.88% | -21.23% | -14.69% | 246.86% | 96.89% | -5.12% | 27.27% |
FTS.TO Fortis Inc. | 14.30% | 23.93% | 14.24% | 4.76% | -7.87% | 21.81% | 0.04% | 22.71% | 2.74% | 15.29% |
Correlation
The correlation between BEP-UN.TO and FTS.TO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.23 |
The correlation between BEP-UN.TO and FTS.TO shifts across timeframes, from -0.20 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BEP-UN.TO:
CA$14.69B
FTS.TO:
CA$40.79B
BEP-UN.TO:
$0.66
FTS.TO:
CA$3.56
BEP-UN.TO:
52.45
FTS.TO:
22.51
BEP-UN.TO:
0.38
FTS.TO:
3.28
BEP-UN.TO:
1.58
FTS.TO:
3.32
BEP-UN.TO:
2.84
FTS.TO:
1.79
BEP-UN.TO:
$6.37B
FTS.TO:
CA$12.21B
BEP-UN.TO:
$2.19B
FTS.TO:
CA$3.98B
BEP-UN.TO:
$4.69B
FTS.TO:
CA$5.87B
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Return for Risk
BEP-UN.TO vs. FTS.TO — Risk / Return Rank
BEP-UN.TO
FTS.TO
BEP-UN.TO vs. FTS.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 Fortis Inc. (FTS.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.
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.
| BEP-UN.TO | FTS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 4.43 | -1.69 |
| Martin ratioReturn relative to average drawdown | 6.36 | 10.77 | -4.41 |
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Drawdowns
BEP-UN.TO vs. FTS.TO - Drawdown Comparison
The maximum BEP-UN.TO drawdown since its inception was -50.28%, which is greater than FTS.TO's maximum drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for BEP-UN.TO and FTS.TO.
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Drawdown Indicators
| BEP-UN.TO | FTS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.28% | -28.27% | -22.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.87% | -6.09% | -9.78% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -10.97% | -17.92% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -24.01% | -18.94% |
Max Drawdown (10Y)Largest decline over 10 years | -50.28% | -28.27% | -22.01% |
Current DrawdownCurrent decline from peak | -5.15% | 0.00% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -5.70% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.81% | 2.51% | +4.30% |
Volatility
BEP-UN.TO vs. FTS.TO - Volatility Comparison
Brookfield Renewable Partners L.P (BEP-UN.TO) has a higher volatility of 7.93% compared to Fortis Inc. (FTS.TO) at 4.99%. This indicates that BEP-UN.TO's price experiences larger fluctuations and is considered to be riskier than FTS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEP-UN.TO | FTS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 4.99% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.70% | 10.46% | +9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.88% | 13.14% | +14.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.56% | 14.46% | +15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.91% | 16.86% | +17.05% |
Dividends
BEP-UN.TO vs. FTS.TO - Dividend Comparison
BEP-UN.TO's dividend yield for the trailing twelve months is around 4.35%, more than FTS.TO's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP-UN.TO Brookfield Renewable Partners L.P | 4.35% | 5.62% | 6.04% | 5.40% | 5.20% | 3.73% | 3.30% | 11.16% | 18.11% | 13.94% | 14.59% | 14.95% |
FTS.TO Fortis Inc. | 3.16% | 3.48% | 3.99% | 4.19% | 4.01% | 3.36% | 3.73% | 3.39% | 3.79% | 3.52% | 3.68% | 3.73% |
Financials
BEP-UN.TO vs. FTS.TO - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Renewable Partners L.P and Fortis Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BEP-UN.TO vs. FTS.TO - Profitability Comparison
BEP-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Renewable Partners L.P reported a gross profit of 210.05M and revenue of 1.52B. Therefore, the gross margin over that period was 13.8%.
FTS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a gross profit of 933.00M and revenue of 3.38B. Therefore, the gross margin over that period was 27.6%.
BEP-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Renewable Partners L.P reported an operating income of 138.06M and revenue of 1.52B, resulting in an operating margin of 9.1%.
FTS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported an operating income of 933.00M and revenue of 3.38B, resulting in an operating margin of 27.6%.
BEP-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Renewable Partners L.P reported a net income of -113.41M and revenue of 1.52B, resulting in a net margin of -7.5%.
FTS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a net income of 523.00M and revenue of 3.38B, resulting in a net margin of 15.5%.
Frequently Asked Questions
BEP-UN.TO and FTS.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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