BEP vs. CALM

Last updated Jun 3, 2026

BEP (Brookfield Renewable Partners L.P.) and CALM (Cal-Maine Foods, Inc.) are both stocks. BEP operates in Utilities - Renewable (Utilities), while CALM operates in Farm Products (Consumer Defensive). Over the past 10 years, BEP returned 14.65%/yr vs 8.27%/yr for CALM. At a 0.09 correlation, their price movements are largely independent.

Performance

BEP vs. CALM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Renewable Partners L.P. (BEP) and Cal-Maine Foods, Inc. (CALM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEP achieves a 40.08% return, which is significantly higher than CALM's -5.08% return. Over the past 10 years, BEP has outperformed CALM with an annualized return of 14.65%, while CALM has yielded a comparatively lower 8.27% annualized return.

BEP

• 1D: 0.19%
• 1M: 11.91%
• YTD: 40.08%
• 6M: 35.31%
• 1Y: 63.83%
• 3Y*: 11.58%
• 5Y*: 3.84%
• 10Y*: 14.65%

CALM

• 1D: -0.81%
• 1M: -2.26%
• YTD: -5.08%
• 6M: -7.34%
• 1Y: -19.07%
• 3Y*: 22.48%
• 5Y*: 21.41%
• 10Y*: 8.27%

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

BEP vs. CALM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEP Brookfield Renewable Partners L.P.	40.08%	25.65%	-8.23%	9.02%	-26.48%	-13.69%	80.30%	90.75%	-20.95%	24.51%
CALM Cal-Maine Foods, Inc.	-5.08%	-15.61%	87.00%	14.48%	51.87%	-1.38%	-12.19%	2.09%	-3.90%	0.62%

Correlation

The correlation between BEP and CALM is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Nov 16, 2005	0.09

The correlation between BEP and CALM shifts across timeframes, from -0.05 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BEP : $11.20B CALM : $3.53B
EPS BEP : $0.66 CALM : $14.48
PE Ratio BEP : 55.86 CALM : 5.15
PEG Ratio BEP : 0.40 CALM : 0.00
PS Ratio BEP : 1.68 CALM : 1.03
PB Ratio BEP : 3.02 CALM : 1.31
Total Revenue (TTM) BEP : $6.37B CALM : $3.46B
Gross Profit (TTM) BEP : $2.19B CALM : $1.17B
EBITDA (TTM) BEP : $4.69B CALM : $1.05B

Return for Risk

BEP vs. CALM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEP

BEP Risk / Return Rank: 87
BEP Sharpe Ratio Rank: 89
BEP Sortino Ratio Rank: 86
BEP Omega Ratio Rank: 85
BEP Calmar Ratio Rank: 89
BEP Martin Ratio Rank: 87

CALM

CALM Risk / Return Rank: 19
CALM Sharpe Ratio Rank: 15
CALM Sortino Ratio Rank: 16
CALM Omega Ratio Rank: 17
CALM Calmar Ratio Rank: 23
CALM Martin Ratio Rank: 25

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 vs. CALM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Cal-Maine Foods, Inc. (CALM). 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	CALM	Difference
Sharpe ratio Return per unit of total volatility	2.15	-0.58	+2.72
Sortino ratio Return per unit of downside risk	2.87	-0.67	+3.54
Omega ratio Gain probability vs. loss probability	1.36	0.92	+0.45
Calmar ratio Return relative to maximum drawdown	4.42	-0.49	+4.91
Martin ratio Return relative to average drawdown	10.14	-0.78	+10.92
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 vs. CALM - Sharpe Ratio Comparison

The current BEP Sharpe Ratio is 2.15, which is higher than the CALM Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of BEP and CALM, 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	CALM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	-0.58	+2.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.66	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.27	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.38	+0.17

Drawdowns

BEP vs. CALM - Drawdown Comparison

The maximum BEP drawdown since its inception was -53.85%, smaller than the maximum CALM drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for BEP and CALM.

Drawdown Indicators

	BEP	CALM	Difference
Max Drawdown Largest peak-to-trough decline	-53.85%	-74.08%	+20.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.25%	-37.00%	+22.75%
Max Drawdown (3Y) Largest decline over 3 years	-35.58%	-37.00%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-47.46%	-37.00%	-10.46%
Max Drawdown (10Y) Largest decline over 10 years	-53.85%	-39.12%	-14.73%
Current Drawdown Current decline from peak	-2.32%	-34.32%	+32.00%
Average Drawdown Average peak-to-trough decline	-13.63%	-30.31%	+16.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.21%	23.26%	-17.05%

Volatility

BEP vs. CALM - Volatility Comparison

The current volatility for Brookfield Renewable Partners L.P. (BEP) is 7.03%, while Cal-Maine Foods, Inc. (CALM) has a volatility of 7.53%. This indicates that BEP experiences smaller price fluctuations and is considered to be less risky than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEP	CALM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.03%	7.53%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	19.49%	20.47%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	29.89%	33.14%	-3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.95%	32.60%	-1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.99%	31.16%	-1.17%

Dividends

BEP vs. CALM - Dividend Comparison

BEP's dividend yield for the trailing twelve months is around 4.14%, less than CALM's 6.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEP Brookfield Renewable Partners L.P.	4.14%	5.53%	6.23%	5.14%	5.05%	4.42%	2.68%	4.42%	7.57%	5.36%	5.99%	6.34%
CALM Cal-Maine Foods, Inc.	6.44%	10.90%	2.82%	7.51%	3.17%	0.09%	0.00%	0.98%	1.03%	0.00%	2.70%	4.10%

Financials

BEP vs. CALM - Profitability Comparison

The chart below illustrates the profitability comparison between Brookfield Renewable Partners L.P. and Cal-Maine Foods, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

CALM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.

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%.

CALM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.

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%.

CALM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.

Frequently Asked Questions

Can I hold both BEP and CALM in my portfolio?

BEP and CALM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEP or CALM?

CALM has higher volatility (7.53%) compared to BEP (7.03%). In terms of maximum drawdown, BEP dropped -53.85% vs CALM's -74.08%.

Which has better risk-adjusted returns?

BEP currently has the higher Sharpe Ratio (2.15 vs -0.58), 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.