BEP vs. CWEN
BEP (Brookfield Renewable Partners L.P.) and CWEN (Clearway Energy, Inc.) are both stocks. Both operate in the Utilities - Renewable industry within the Utilities sector. Over the past 10 years, BEP returned 14.49%/yr vs 15.69%/yr for CWEN. At a 0.37 correlation, their price movements are largely independent.
Performance
BEP vs. CWEN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BEP achieves a 35.56% return, which is significantly higher than CWEN's 14.11% return. Over the past 10 years, BEP has underperformed CWEN with an annualized return of 14.49%, while CWEN has yielded a comparatively higher 15.69% 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%
CWEN
- 1D
- -0.94%
- 1M
- -3.78%
- YTD
- 14.11%
- 6M
- 13.42%
- 1Y
- 23.10%
- 3Y*
- 15.61%
- 5Y*
- 12.35%
- 10Y*
- 15.69%
BEP vs. CWEN - 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% |
CWEN Clearway Energy, Inc. | 14.11% | 35.48% | 0.87% | -8.93% | -7.89% | 17.83% | 67.04% | 21.37% | -2.11% | 26.92% |
Correlation
The correlation between BEP and CWEN is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2013 | 0.37 |
The correlation between BEP and CWEN shifts across timeframes, from 0.37 (all time) to 0.54 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BEP:
$10.84B
CWEN:
$1.30B
BEP:
$0.66
CWEN:
$0.02
BEP:
54.06
CWEN:
1.81K
BEP:
0.39
CWEN:
6.90
BEP:
1.63
CWEN:
2.44
BEP:
2.93
CWEN:
0.24
BEP:
$6.37B
CWEN:
$1.49B
BEP:
$2.19B
CWEN:
$543.00M
BEP:
$4.69B
CWEN:
$878.00M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BEP vs. CWEN — Risk / Return Rank
BEP
CWEN
BEP vs. CWEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Clearway Energy, Inc. (CWEN). 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 | CWEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.16 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 1.64 | +1.91 |
| Martin ratioReturn relative to average drawdown | 8.07 | 3.60 | +4.46 |
Loading charts...
Drawdowns
BEP vs. CWEN - Drawdown Comparison
The maximum BEP drawdown since its inception was -53.85%, smaller than the maximum CWEN drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for BEP and CWEN.
Loading charts...
Drawdown Indicators
| BEP | CWEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.85% | -79.41% | +25.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -14.15% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -31.78% | -33.54% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -47.46% | -52.09% | +4.63% |
Max Drawdown (10Y)Largest decline over 10 years | -53.85% | -52.09% | -1.76% |
Current DrawdownCurrent decline from peak | -5.47% | -10.16% | +4.69% |
Average DrawdownAverage peak-to-trough decline | -13.61% | -35.35% | +21.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 6.43% | -0.17% |
Volatility
BEP vs. CWEN - Volatility Comparison
The current volatility for Brookfield Renewable Partners L.P. (BEP) is 7.82%, while Clearway Energy, Inc. (CWEN) has a volatility of 9.22%. This indicates that BEP experiences smaller price fluctuations and is considered to be less risky than CWEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BEP | CWEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 9.22% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 22.55% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.85% | 29.34% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.01% | 30.29% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.02% | 31.30% | -1.28% |
Dividends
BEP vs. CWEN - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 4.28%, less than CWEN's 4.93% 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% |
CWEN Clearway Energy, Inc. | 4.93% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
Financials
BEP vs. CWEN - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Renewable Partners L.P. and Clearway Energy, Inc.. 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. CWEN - 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%.
CWEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clearway Energy, Inc. reported a gross profit of 0.00 and revenue of 354.00M. Therefore, the gross margin over that period was 0.0%.
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%.
CWEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clearway Energy, Inc. reported an operating income of 20.00M and revenue of 354.00M, resulting in an operating margin of 5.7%.
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%.
CWEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clearway Energy, Inc. reported a net income of -163.00M and revenue of 354.00M, resulting in a net margin of -46.1%.
Frequently Asked Questions
BEP and CWEN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWEN has higher volatility (9.22%) compared to BEP (7.82%). In terms of maximum drawdown, BEP dropped -53.85% vs CWEN's -79.41%.
BEP currently has the higher Sharpe Ratio (1.76 vs 0.79), 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.
Find the right allocation for BEP and CWEN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer