BEP-UN.TO vs. RY
BEP-UN.TO (Brookfield Renewable Partners L.P) and RY (Royal Bank of Canada) are both stocks. BEP-UN.TO operates in Utilities - Renewable (Utilities), while RY operates in Banks - Diversified (Financial Services). Over the past 10 years, BEP-UN.TO returned 27.19%/yr vs 18.04%/yr for RY. At a 0.15 correlation, their price movements are largely independent.
Performance
BEP-UN.TO vs. RY - Performance Comparison
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Different Trading Currencies
BEP-UN.TO is traded in CAD, while RY is traded in USD. To make them comparable, the RY values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BEP-UN.TO achieves a 33.62% return, which is significantly higher than RY's 20.72% return. Over the past 10 years, BEP-UN.TO has outperformed RY with an annualized return of 27.19%, while RY has yielded a comparatively lower 18.04% 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%
RY
- 1D
- -0.30%
- 1M
- 10.44%
- YTD
- 20.72%
- 6M
- 22.53%
- 1Y
- 64.89%
- 3Y*
- 35.09%
- 5Y*
- 21.45%
- 10Y*
- 18.04%
BEP-UN.TO vs. RY - 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% |
RY Royal Bank of Canada | 20.72% | 39.61% | 34.28% | 10.04% | -2.17% | 34.05% | 5.85% | 15.22% | -5.56% | 16.49% |
Correlation
The correlation between BEP-UN.TO and RY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.15 |
The correlation between BEP-UN.TO and RY shifts across timeframes, from 0.13 (1 year) to 0.27 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BEP-UN.TO:
CA$14.69B
RY:
$204.53B
BEP-UN.TO:
$0.66
RY:
CA$18.17
BEP-UN.TO:
52.45
RY:
15.31
BEP-UN.TO:
0.38
RY:
2.22
BEP-UN.TO:
1.58
RY:
2.44
BEP-UN.TO:
2.84
RY:
2.21
BEP-UN.TO:
$6.37B
RY:
CA$138.99B
BEP-UN.TO:
$2.19B
RY:
CA$65.64B
BEP-UN.TO:
$4.69B
RY:
CA$30.01B
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Return for Risk
BEP-UN.TO vs. RY — Risk / Return Rank
BEP-UN.TO
RY
BEP-UN.TO vs. RY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P (BEP-UN.TO) and Royal Bank of Canada (RY). 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 | RY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.75 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 8.05 | -5.31 |
| Martin ratioReturn relative to average drawdown | 6.36 | 28.88 | -22.52 |
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Drawdowns
BEP-UN.TO vs. RY - Drawdown Comparison
The maximum BEP-UN.TO drawdown since its inception was -50.28%, smaller than the maximum RY drawdown of -53.85%. Use the drawdown chart below to compare losses from any high point for BEP-UN.TO and RY.
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Drawdown Indicators
| BEP-UN.TO | RY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.28% | -53.85% | +3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -15.87% | -8.11% | -7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -16.37% | -12.52% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -20.93% | -22.02% |
Max Drawdown (10Y)Largest decline over 10 years | -50.28% | -34.52% | -15.76% |
Current DrawdownCurrent decline from peak | -5.15% | -0.30% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -6.42% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.81% | 2.25% | +4.56% |
Volatility
BEP-UN.TO vs. RY - Volatility Comparison
Brookfield Renewable Partners L.P (BEP-UN.TO) has a higher volatility of 7.93% compared to Royal Bank of Canada (RY) at 4.02%. This indicates that BEP-UN.TO's price experiences larger fluctuations and is considered to be riskier than RY 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 | RY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 4.02% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.70% | 11.82% | +7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.88% | 15.51% | +12.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.56% | 18.61% | +10.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.91% | 20.51% | +13.40% |
Dividends
BEP-UN.TO vs. RY - Dividend Comparison
BEP-UN.TO's dividend yield for the trailing twelve months is around 4.35%, more than RY's 2.33% 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% |
RY Royal Bank of Canada | 2.33% | 2.54% | 3.39% | 4.29% | 4.07% | 3.24% | 3.88% | 3.88% | 4.27% | 3.22% | 3.95% | 5.41% |
Financials
BEP-UN.TO vs. RY - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Renewable Partners L.P and Royal Bank of Canada. 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. RY - 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%.
RY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a gross profit of 16.51B and revenue of 33.93B. Therefore, the gross margin over that period was 48.7%.
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%.
RY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported an operating income of 7.10B and revenue of 33.93B, resulting in an operating margin of 20.9%.
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%.
RY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a net income of 5.51B and revenue of 33.93B, resulting in a net margin of 16.2%.
Frequently Asked Questions
BEP-UN.TO and RY have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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