BEP vs. GOF
BEP (Brookfield Renewable Partners L.P.) is a stock, while GOF (Guggenheim Strategic Opportunities Fund) is Derivative Income fund actively managed by Guggenheim. Over the past 10 years, BEP returned 14.00%/yr vs 8.03%/yr for GOF. At a 0.19 correlation, their price movements are largely independent.
Performance
BEP vs. GOF - Performance Comparison
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Returns By Period
In the year-to-date period, BEP achieves a 30.18% return, which is significantly higher than GOF's -7.43% return. Over the past 10 years, BEP has outperformed GOF with an annualized return of 14.00%, while GOF has yielded a comparatively lower 8.03% annualized return.
BEP
- 1D
- -3.00%
- 1M
- 0.62%
- YTD
- 30.18%
- 6M
- 25.88%
- 1Y
- 38.52%
- 3Y*
- 10.65%
- 5Y*
- 1.90%
- 10Y*
- 14.00%
GOF
- 1D
- 0.55%
- 1M
- -2.45%
- YTD
- -7.43%
- 6M
- -0.79%
- 1Y
- -12.68%
- 3Y*
- 3.35%
- 5Y*
- 0.42%
- 10Y*
- 8.03%
BEP vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 30.18% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
GOF Guggenheim Strategic Opportunities Fund | -7.43% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
Correlation
The correlation between BEP and GOF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.19 |
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Return for Risk
BEP vs. GOF — Risk / Return Rank
BEP
GOF
BEP vs. GOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Guggenheim Strategic Opportunities Fund (GOF). 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 | GOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.87 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | -0.55 | +3.26 |
| Martin ratioReturn relative to average drawdown | 6.19 | -1.01 | +7.20 |
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Drawdowns
BEP vs. GOF - Drawdown Comparison
The maximum BEP drawdown since its inception was -53.85%, roughly equal to the maximum GOF drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for BEP and GOF.
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Drawdown Indicators
| BEP | GOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.85% | -54.66% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -23.24% | +8.99% |
Max Drawdown (3Y)Largest decline over 3 years | -31.78% | -28.56% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -47.46% | -32.41% | -15.05% |
Max Drawdown (10Y)Largest decline over 10 years | -53.85% | -38.50% | -15.35% |
Current DrawdownCurrent decline from peak | -9.23% | -17.55% | +8.32% |
Average DrawdownAverage peak-to-trough decline | -13.62% | -7.07% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 12.53% | -6.29% |
Volatility
BEP vs. GOF - Volatility Comparison
Brookfield Renewable Partners L.P. (BEP) has a higher volatility of 7.52% compared to Guggenheim Strategic Opportunities Fund (GOF) at 3.50%. This indicates that BEP's price experiences larger fluctuations and is considered to be riskier than GOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEP | GOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 3.50% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.88% | 10.94% | +8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.82% | 17.97% | +10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.98% | 18.18% | +12.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.99% | 19.52% | +10.47% |
Dividends
BEP vs. GOF - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 4.46%, less than GOF's 19.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.46% | 5.53% | 6.23% | 5.14% | 5.05% | 4.42% | 2.68% | 4.42% | 7.57% | 5.36% | 5.99% | 6.34% |
GOF Guggenheim Strategic Opportunities Fund | 19.79% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
Frequently Asked Questions
BEP and GOF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEP has higher volatility (7.52%) compared to GOF (3.50%). In terms of maximum drawdown, BEP dropped -53.85% vs GOF's -54.66%.
BEP currently has the higher Sharpe Ratio (1.34 vs -0.71), 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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