BEP vs. XLK
Compare and contrast key facts about Brookfield Renewable Partners L.P. (BEP) and Technology Select Sector SPDR Fund (XLK).
XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BEP or XLK.
Correlation
The correlation between BEP and XLK is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BEP vs. XLK - Performance Comparison
Key characteristics
BEP:
-0.40
XLK:
0.90
BEP:
-0.39
XLK:
1.31
BEP:
0.96
XLK:
1.17
BEP:
-0.27
XLK:
1.18
BEP:
-1.19
XLK:
4.03
BEP:
12.08%
XLK:
4.96%
BEP:
35.79%
XLK:
22.25%
BEP:
-54.27%
XLK:
-82.05%
BEP:
-48.82%
XLK:
-5.76%
Returns By Period
In the year-to-date period, BEP achieves a -5.66% return, which is significantly lower than XLK's -2.31% return. Over the past 10 years, BEP has underperformed XLK with an annualized return of 8.08%, while XLK has yielded a comparatively higher 20.41% annualized return.
BEP
-5.66%
-9.63%
-15.79%
-12.80%
1.29%
8.08%
XLK
-2.31%
-4.82%
-2.68%
18.98%
20.17%
20.41%
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Risk-Adjusted Performance
BEP vs. XLK — Risk-Adjusted Performance Rank
BEP
XLK
BEP vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Technology Select Sector SPDR Fund (XLK). 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.
Dividends
BEP vs. XLK - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 4.95%, more than XLK's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.95% | 4.67% | 5.14% | 5.05% | 3.40% | 2.68% | 6.08% | 7.57% | 5.36% | 7.87% | 8.33% | 6.95% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
BEP vs. XLK - Drawdown Comparison
The maximum BEP drawdown since its inception was -54.27%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for BEP and XLK. For additional features, visit the drawdowns tool.
Volatility
BEP vs. XLK - Volatility Comparison
Brookfield Renewable Partners L.P. (BEP) has a higher volatility of 7.66% compared to Technology Select Sector SPDR Fund (XLK) at 5.94%. This indicates that BEP's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.