BEP vs. BN
BEP (Brookfield Renewable Partners L.P.) and BN (Brookfield Corporation) are both stocks. BEP operates in Utilities - Renewable (Utilities), while BN operates in Asset Management (Financial Services). Over the past 10 years, BEP returned 14.49%/yr vs 15.46%/yr for BN. At a 0.35 correlation, their price movements are largely independent.
Performance
BEP vs. BN - Performance Comparison
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Returns By Period
In the year-to-date period, BEP achieves a 35.56% return, which is significantly higher than BN's -3.51% return. Over the past 10 years, BEP has underperformed BN with an annualized return of 14.49%, while BN has yielded a comparatively higher 15.46% annualized return.
BEP
- 1D
- 1.42%
- 1M
- 1.69%
- YTD
- 35.56%
- 6M
- 33.93%
- 1Y
- 50.37%
- 3Y*
- 12.91%
- 5Y*
- 3.79%
- 10Y*
- 14.49%
BN
- 1D
- -0.70%
- 1M
- -2.58%
- YTD
- -3.51%
- 6M
- -4.10%
- 1Y
- 13.04%
- 3Y*
- 29.19%
- 5Y*
- 11.33%
- 10Y*
- 15.46%
BEP vs. BN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 35.56% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
BN Brookfield Corporation | -3.51% | 20.54% | 44.18% | 28.60% | -34.80% | 49.30% | 8.99% | 52.68% | -10.65% | 33.82% |
Correlation
The correlation between BEP and BN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2005 | 0.35 |
The correlation between BEP and BN shifts across timeframes, from 0.30 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BEP:
$10.84B
BN:
$104.46B
BEP:
$0.66
BN:
$0.56
BEP:
54.06
BN:
78.14
BEP:
0.39
BN:
171.23
BEP:
1.63
BN:
1.36
BEP:
2.93
BN:
2.44
BEP:
$6.37B
BN:
$76.58B
BEP:
$2.19B
BN:
$27.02B
BEP:
$4.69B
BN:
$31.07B
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Return for Risk
BEP vs. BN — Risk / Return Rank
BEP
BN
BEP vs. BN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Brookfield Corporation (BN). 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 | BN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.10 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 0.59 | +2.96 |
| Martin ratioReturn relative to average drawdown | 8.07 | 1.62 | +6.45 |
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Drawdowns
BEP vs. BN - Drawdown Comparison
The maximum BEP drawdown since its inception was -53.85%, smaller than the maximum BN drawdown of -82.22%. Use the drawdown chart below to compare losses from any high point for BEP and BN.
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Drawdown Indicators
| BEP | BN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.85% | -82.22% | +28.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -22.05% | +7.80% |
Max Drawdown (3Y)Largest decline over 3 years | -31.78% | -27.84% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -47.46% | -41.85% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -53.85% | -51.42% | -2.43% |
Current DrawdownCurrent decline from peak | -5.47% | -9.95% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -13.61% | -28.50% | +14.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 8.08% | -1.82% |
Volatility
BEP vs. BN - Volatility Comparison
Brookfield Renewable Partners L.P. (BEP) has a higher volatility of 7.82% compared to Brookfield Corporation (BN) at 7.00%. This indicates that BEP's price experiences larger fluctuations and is considered to be riskier than BN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEP | BN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 7.00% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 22.54% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.85% | 28.73% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.01% | 31.29% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.02% | 30.17% | -0.15% |
Dividends
BEP vs. BN - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 4.28%, more than BN's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.28% | 5.53% | 6.23% | 5.14% | 5.05% | 4.42% | 2.68% | 4.42% | 7.57% | 5.36% | 5.99% | 6.34% |
BN Brookfield Corporation | 0.59% | 0.52% | 0.56% | 0.70% | 1.44% | 1.12% | 1.55% | 1.11% | 1.56% | 1.29% | 1.58% | 1.50% |
Financials
BEP vs. BN - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Renewable Partners L.P. and Brookfield Corporation. 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 vs. BN - Profitability Comparison
BEP - 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%.
BN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a gross profit of 4.43B and revenue of 18.39B. Therefore, the gross margin over that period was 24.1%.
BEP - 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%.
BN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported an operating income of 4.39B and revenue of 18.39B, resulting in an operating margin of 23.9%.
BEP - 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%.
BN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a net income of 100.59M and revenue of 18.39B, resulting in a net margin of 0.6%.
Frequently Asked Questions
BEP and BN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEP has higher volatility (7.82%) compared to BN (7.00%). In terms of maximum drawdown, BEP dropped -53.85% vs BN's -82.22%.
BEP currently has the higher Sharpe Ratio (1.76 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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