BEP vs. FENY
BEP (Brookfield Renewable Partners L.P.) is a stock, while FENY (Fidelity MSCI Energy Index ETF) is Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index. Over the past 10 years, BEP returned 12.60%/yr vs 8.77%/yr for FENY. At a 0.20 correlation, their price movements are largely independent.
Performance
BEP vs. FENY - Performance Comparison
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Returns By Period
In the year-to-date period, BEP achieves a 20.85% return, which is significantly lower than FENY's 28.83% return. Over the past 10 years, BEP has outperformed FENY with an annualized return of 12.60%, while FENY has yielded a comparatively lower 8.77% annualized return.
BEP
- 1D
- -1.45%
- 1M
- -7.17%
- 6M
- 18.78%
- YTD
- 20.85%
- 1Y
- 32.09%
- 3Y*
- 8.02%
- 5Y*
- 1.76%
- 10Y*
- 12.60%
FENY
- 1D
- 2.97%
- 1M
- -0.63%
- 6M
- 24.41%
- YTD
- 28.83%
- 1Y
- 31.69%
- 3Y*
- 15.71%
- 5Y*
- 21.78%
- 10Y*
- 8.77%
BEP vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 20.85% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
FENY Fidelity MSCI Energy Index ETF | 28.83% | 7.27% | 6.62% | -0.04% | 62.94% | 55.62% | -33.15% | 9.11% | -19.99% | -2.30% |
Correlation
The correlation between BEP and FENY is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.21 |
The correlation between BEP and FENY shifts across timeframes, from -0.02 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BEP vs. FENY — Risk / Return Rank
BEP
FENY
BEP vs. FENY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Fidelity MSCI Energy Index ETF (FENY). 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 | FENY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.13 | +0.13 |
| Martin ratioReturn relative to average drawdown | 4.89 | 5.85 | -0.96 |
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Drawdowns
BEP vs. FENY - Drawdown Comparison
The maximum BEP drawdown since its inception was -53.85%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for BEP and FENY.
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Drawdown Indicators
| BEP | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.85% | -74.35% | +20.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -14.96% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -31.41% | -21.47% | -9.94% |
Max Drawdown (5Y)Largest decline over 5 years | -47.46% | -26.64% | -20.82% |
Max Drawdown (10Y)Largest decline over 10 years | -53.85% | -69.07% | +15.22% |
Current DrawdownCurrent decline from peak | -15.73% | -8.80% | -6.93% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -23.02% | +9.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.58% | 5.46% | +1.12% |
Volatility
BEP vs. FENY - Volatility Comparison
The current volatility for Brookfield Renewable Partners L.P. (BEP) is 6.32%, while Fidelity MSCI Energy Index ETF (FENY) has a volatility of 7.22%. This indicates that BEP experiences smaller price fluctuations and is considered to be less risky than FENY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEP | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 7.22% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 16.56% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.90% | 20.93% | +7.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.99% | 26.39% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.01% | 29.79% | +0.22% |
Dividends
BEP vs. FENY - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 4.80%, more than FENY's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.80% | 5.53% | 6.23% | 5.14% | 5.05% | 4.42% | 2.68% | 4.42% | 7.57% | 5.36% | 5.99% | 6.34% |
FENY Fidelity MSCI Energy Index ETF | 2.47% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
Frequently Asked Questions
BEP and FENY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FENY has higher volatility (7.22%) compared to BEP (6.32%). In terms of maximum drawdown, BEP dropped -53.85% vs FENY's -74.35%.
FENY currently has the higher Sharpe Ratio (1.52 vs 1.12), 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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