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BEP-UN.TO vs. XEI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BEP-UN.TO vs. XEI.TO

Last updated Jun 4, 2026

BEP-UN.TO (Brookfield Renewable Partners L.P) is a stock, while XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) is Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. Over the past 10 years, BEP-UN.TO returned 16.22%/yr vs 12.32%/yr for XEI.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

BEP-UN.TO vs. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BEP-UN.TO achieves a 39.76% return, which is significantly higher than XEI.TO's 22.21% return. Over the past 10 years, BEP-UN.TO has outperformed XEI.TO with an annualized return of 16.22%, while XEI.TO has yielded a comparatively lower 12.32% annualized 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%

XEI.TO

1D
0.00%
1M
3.33%
YTD
22.21%
6M
23.56%
1Y
43.59%
3Y*
22.26%
5Y*
15.55%
10Y*
12.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
BEP-UN.TO
Brookfield Renewable Partners L.P		39.76%20.19%-0.39%6.87%-21.24%-14.69%79.29%84.02%-12.10%18.79%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		22.21%25.96%15.42%6.69%0.41%35.88%-7.53%25.44%-10.85%7.24%

Correlation

The correlation between BEP-UN.TO and XEI.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2011

0.28

The correlation between BEP-UN.TO and XEI.TO shifts across timeframes, from 0.16 (1 year) to 0.39 (3 years), reflecting how their relationship changes across market environments.

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Brookfield Renewable Partners L.P

iShares S&P/TSX Composite High Dividend Index ETF

Often compared with BEP-UN.TO:
BEP-UN.TO vs. BEPC.TOBEP-UN.TO vs. BIP-UN.TOBEP-UN.TO vs. BEPBEP-UN.TO vs. FTSBEP-UN.TO vs. BAM.TOBEP-UN.TO vs. AQN.TOBEP-UN.TO vs. CNQ.TO
Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

Return for Risk

BEP-UN.TO vs. XEI.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: 8585
Overall Rank
BEP-UN.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
BEP-UN.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
BEP-UN.TO Omega Ratio Rank: 8484
Omega Ratio Rank
BEP-UN.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
BEP-UN.TO Martin Ratio Rank: 8484
Martin Ratio Rank
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
Martin Ratio Rank
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. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.TOXEI.TODifference
Sharpe ratioReturn per unit of total volatility
2.02
6.08

-4.05

Sortino ratioReturn per unit of downside risk
2.74
9.07

-6.33

Omega ratioGain probability vs. loss probability

1.35

2.27

-0.93

Calmar ratioReturn relative to maximum drawdown

3.66

19.53

-15.87

Martin ratioReturn relative to average drawdown

8.55

66.28

-57.74

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. XEI.TO - Sharpe Ratio Comparison

The current BEP-UN.TO Sharpe Ratio is 2.02, which is lower than the XEI.TO Sharpe Ratio of 6.08. The chart below compares the historical Sharpe Ratios of BEP-UN.TO and XEI.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.

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Sharpe Ratios by Period

BEP-UN.TOXEI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

6.08

-4.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

1.39

-1.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.77

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.67

+0.06

Drawdowns

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

The maximum BEP-UN.TO drawdown since its inception was -50.29%, which is greater than XEI.TO's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for BEP-UN.TO and XEI.TO.

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Drawdown Indicators

BEP-UN.TOXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-50.29%

-45.51%

-4.78%

Max Drawdown (1Y)

Largest decline over 1 year

-15.87%

-2.24%

-13.63%

Max Drawdown (3Y)

Largest decline over 3 years

-33.85%

-9.92%

-23.93%

Max Drawdown (5Y)

Largest decline over 5 years

-42.96%

-17.32%

-25.64%

Max Drawdown (10Y)

Largest decline over 10 years

-50.29%

-45.51%

-4.78%

Current Drawdown

Current decline from peak

-0.82%

-0.76%

-0.06%

Average Drawdown

Average peak-to-trough decline

-9.90%

-5.05%

-4.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.79%

0.66%

+6.13%

Volatility

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

Brookfield Renewable Partners L.P (BEP-UN.TO) has a higher volatility of 7.35% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.87%. This indicates that BEP-UN.TO's price experiences larger fluctuations and is considered to be riskier than XEI.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.TOXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.35%

2.87%

+4.48%

Volatility (6M)

Calculated over the trailing 6-month period

19.37%

6.01%

+13.36%

Volatility (1Y)

Calculated over the trailing 1-year period

28.95%

7.21%

+21.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.53%

11.24%

+18.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.59%

16.01%

+12.58%

Dividends

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

BEP-UN.TO's dividend yield for the trailing twelve months is around 4.20%, more than XEI.TO's 3.56% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.56%4.39%5.56%5.08%4.78%3.65%5.13%4.71%5.53%4.37%4.51%5.75%

Frequently Asked Questions

BEP-UN.TO and XEI.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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