BEP-UN.TO vs. MNY.TO

Last updated Jun 4, 2026

BEP-UN.TO (Brookfield Renewable Partners L.P) is a stock, while MNY.TO (Purpose Cash Management Fund) is Money Market fund actively managed by Purpose Investments. Over the past 3 years, BEP-UN.TO returned 12.37%/yr vs 3.91%/yr for MNY.TO. At a 0.01 correlation, their price movements are largely independent.

Performance

BEP-UN.TO vs. MNY.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 Purpose Cash Management Fund (MNY.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 MNY.TO's 0.95% 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%

MNY.TO

• 1D: 0.00%
• 1M: 0.19%
• YTD: 0.95%
• 6M: 1.22%
• 1Y: 2.59%
• 3Y*: 3.91%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
BEP-UN.TO Brookfield Renewable Partners L.P	39.76%	20.19%	-0.39%	6.87%	-31.36%
MNY.TO Purpose Cash Management Fund	0.95%	3.03%	4.69%	5.03%	1.54%

Correlation

The correlation between BEP-UN.TO and MNY.TO is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022	0.01

Return for Risk

BEP-UN.TO vs. MNY.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

MNY.TO

MNY.TO Risk / Return Rank: 100
MNY.TO Sharpe Ratio Rank: 100
MNY.TO Sortino Ratio Rank: 100
MNY.TO Omega Ratio Rank: 100
MNY.TO Calmar Ratio Rank: 100
MNY.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. MNY.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 Purpose Cash Management Fund (MNY.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	MNY.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.02	16.08	-14.05
Sortino ratio: Return per unit of downside risk	2.74	52.31	-49.58
Omega ratio: Gain probability vs. loss probability	1.35	22.32	-20.97
Calmar ratio: Return relative to maximum drawdown	3.66	65.02	-61.36
Martin ratio: Return relative to average drawdown	8.55	605.87	-597.32
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. MNY.TO - Sharpe Ratio Comparison

The current BEP-UN.TO Sharpe Ratio is 2.02, which is lower than the MNY.TO Sharpe Ratio of 16.08. The chart below compares the historical Sharpe Ratios of BEP-UN.TO and MNY.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	MNY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	16.08	-14.05
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	11.02	-10.29

Drawdowns

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

The maximum BEP-UN.TO drawdown since its inception was -50.29%, which is greater than MNY.TO's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for BEP-UN.TO and MNY.TO.

Drawdown Indicators

	BEP-UN.TO	MNY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-50.29%	-0.24%	-50.05%
Max Drawdown (1Y) Largest decline over 1 year	-15.87%	-0.04%	-15.83%
Max Drawdown (3Y) Largest decline over 3 years	-33.85%	-0.10%	-33.75%
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. MNY.TO - Volatility Comparison

Brookfield Renewable Partners L.P (BEP-UN.TO) has a higher volatility of 7.35% compared to Purpose Cash Management Fund (MNY.TO) at 0.03%. This indicates that BEP-UN.TO's price experiences larger fluctuations and is considered to be riskier than MNY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEP-UN.TO	MNY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.35%	0.03%	+7.32%
Volatility (6M) Calculated over the trailing 6-month period	19.37%	0.12%	+19.25%
Volatility (1Y) Calculated over the trailing 1-year period	28.95%	0.16%	+28.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.53%	0.37%	+29.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.59%	0.37%	+28.22%

Dividends

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

BEP-UN.TO's dividend yield for the trailing twelve months is around 4.20%, more than MNY.TO's 2.56% 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%
MNY.TO Purpose Cash Management Fund	2.56%	2.93%	4.71%	4.85%	1.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

BEP-UN.TO and MNY.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.