CWEN vs. BEP
CWEN (Clearway Energy, Inc.) and BEP (Brookfield Renewable Partners L.P.) are both stocks. Both operate in the Utilities - Renewable industry within the Utilities sector. Over the past 10 years, CWEN returned 11.93%/yr vs 12.61%/yr for BEP. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
CWEN vs. BEP - Performance Comparison
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Returns By Period
In the year-to-date period, CWEN achieves a -2.33% return, which is significantly lower than BEP's 24.64% return. Over the past 10 years, CWEN has underperformed BEP with an annualized return of 11.93%, while BEP has yielded a comparatively higher 12.61% annualized return.
CWEN
- 1D
- 0.00%
- 1M
- -3.14%
- 6M
- -10.14%
- YTD
- -2.33%
- 1Y
- 3.06%
- 3Y*
- 13.54%
- 5Y*
- 7.48%
- 10Y*
- 11.93%
- ALL TIME*
- 6.46%
BEP
- 1D
- 0.61%
- 1M
- -3.01%
- 6M
- 12.69%
- YTD
- 24.64%
- 1Y
- 33.81%
- 3Y*
- 11.20%
- 5Y*
- 1.27%
- 10Y*
- 12.61%
- ALL TIME*
- 18.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.61M | $34.04M | $31.20M | |
| $36.19M | $37.28M | $48.06M |
CWEN vs. BEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | -2.33% | 35.48% | 0.87% | -8.93% | -7.89% | 17.83% | 67.04% | 21.37% | -2.11% | 26.92% |
BEP Brookfield Renewable Partners L.P. | 24.64% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
Correlation
The correlation between CWEN and BEP is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2013 | 0.37 |
The correlation between CWEN and BEP shifts across timeframes, from 0.37 (all time) to 0.53 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
CWEN:
$6.52B
BEP:
$10.05B
CWEN:
$0.02
BEP:
$0.66
CWEN:
1.44K
BEP:
50.07
CWEN:
5.50
BEP:
0.36
CWEN:
1.94
BEP:
1.51
CWEN:
0.20
BEP:
2.69
CWEN:
$1.49B
BEP:
$6.37B
CWEN:
$543.00M
BEP:
$2.19B
CWEN:
$878.00M
BEP:
$4.69B
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Return for Risk
CWEN vs. BEP — Risk / Return Rank
CWEN
BEP
CWEN vs. BEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) and Brookfield Renewable Partners L.P. (BEP). 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.
| CWEN | BEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.74 | -1.65 |
| Martin ratioReturn relative to average drawdown | 0.27 | 3.83 | -3.57 |
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Drawdowns
CWEN vs. BEP - Drawdown Comparison
The maximum CWEN drawdown since its inception was -79.41%, which is greater than BEP's maximum drawdown of -53.85%. Use the drawdown chart below to compare losses from any high point for CWEN and BEP.
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Drawdown Indicators
| CWEN | BEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.41% | -53.85% | -25.56% |
Max Drawdown (1Y)Largest decline over 1 year | -25.40% | -14.67% | -10.73% |
Max Drawdown (3Y)Largest decline over 3 years | -26.03% | -29.72% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -52.09% | -47.46% | -4.63% |
Max Drawdown (10Y)Largest decline over 10 years | -52.09% | -53.85% | +1.76% |
Current DrawdownCurrent decline from peak | -23.10% | -13.09% | -10.01% |
Average DrawdownAverage peak-to-trough decline | -35.21% | -13.60% | -21.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.78% | 7.23% | +1.55% |
Volatility
CWEN vs. BEP - Volatility Comparison
Clearway Energy, Inc. (CWEN) has a higher volatility of 8.43% compared to Brookfield Renewable Partners L.P. (BEP) at 7.49%. This indicates that CWEN's price experiences larger fluctuations and is considered to be riskier than BEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEN | BEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 7.49% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.33% | 19.59% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.29% | 28.63% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.45% | 31.01% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 30.06% | +1.21% |
Dividends
CWEN vs. BEP - Dividend Comparison
CWEN's dividend yield for the trailing twelve months is around 5.76%, more than BEP's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.66% | 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. | 5.76% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
Financials
CWEN vs. BEP - Financials Comparison
This section allows you to compare key financial metrics between Clearway Energy, Inc. and Brookfield Renewable Partners L.P.. 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
CWEN vs. BEP - Profitability Comparison
CWEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Clearway Energy, Inc. reported a net income of -163.00M and revenue of 354.00M, resulting in a net margin of -46.1%.
BEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
Frequently Asked Questions
CWEN and BEP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWEN has higher volatility (8.43%) compared to BEP (7.49%). In terms of maximum drawdown, CWEN dropped -79.41% vs BEP's -53.85%.
BEP currently has the higher Sharpe Ratio (0.89 vs 0.08), 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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