CWEN vs. BEPC

Last updated Jun 24, 2026

CWEN (Clearway Energy, Inc.) and BEPC (Brookfield Renewable Corporation) are both stocks. Both operate in the Utilities - Renewable industry within the Utilities sector. Over the past year, CWEN returned 21.87% vs 22.93% for BEPC. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

CWEN vs. BEPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clearway Energy, Inc. (CWEN) and Brookfield Renewable Corporation (BEPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWEN achieves a 12.54% return, which is significantly higher than BEPC's 0.73% return.

CWEN

• 1D: -1.38%
• 1M: -5.11%
• YTD: 12.54%
• 6M: 12.07%
• 1Y: 21.87%
• 3Y*: 15.08%
• 5Y*: 12.13%
• 10Y*: 15.53%

BEPC

• 1D: -0.11%
• 1M: 2.07%
• YTD: 0.73%
• 6M: -0.57%
• 1Y: 22.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CWEN vs. BEPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CWEN Clearway Energy, Inc.	12.54%	35.48%	-1.52%
BEPC Brookfield Renewable Corporation	0.73%	45.18%	-2.74%

Correlation

The correlation between CWEN and BEPC is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024	0.62

The correlation between CWEN and BEPC has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.

Fundamentals

Market Cap CWEN : $1.28B BEPC : $6.91B
EPS CWEN : $0.02 BEPC : -$29.65
PS Ratio CWEN : 2.40 BEPC : 1.70
Total Revenue (TTM) CWEN : $1.49B BEPC : $4.03B
Gross Profit (TTM) CWEN : $543.00M BEPC : $1.93B
EBITDA (TTM) CWEN : $878.00M BEPC : $563.03M

Return for Risk

CWEN vs. BEPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWEN

CWEN Risk / Return Rank: 65
CWEN Sharpe Ratio Rank: 66
CWEN Sortino Ratio Rank: 61
CWEN Omega Ratio Rank: 59
CWEN Calmar Ratio Rank: 70
CWEN Martin Ratio Rank: 69

BEPC

BEPC Risk / Return Rank: 62
BEPC Sharpe Ratio Rank: 65
BEPC Sortino Ratio Rank: 58
BEPC Omega Ratio Rank: 58
BEPC Calmar Ratio Rank: 65
BEPC Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CWEN vs. BEPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) and Brookfield Renewable Corporation (BEPC). 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	BEPC	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.68	+0.07
Sortino ratio: Return per unit of downside risk	1.24	1.09	+0.14
Omega ratio: Gain probability vs. loss probability	1.15	1.15	+0.01
Calmar ratio: Return relative to maximum drawdown	1.55	1.16	+0.40
Martin ratio: Return relative to average drawdown	3.39	2.62	+0.77

CWEN vs. BEPC - Sharpe Ratio Comparison

The current CWEN Sharpe Ratio is 0.75, which is comparable to the BEPC Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of CWEN and BEPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CWEN vs. BEPC - Drawdown Comparison

The maximum CWEN drawdown since its inception was -79.41%, which is greater than BEPC's maximum drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for CWEN and BEPC.

Drawdown Indicators

	CWEN	BEPC	Difference
Max Drawdown Largest peak-to-trough decline	-79.41%	-19.92%	-59.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-19.92%	+5.77%
Max Drawdown (3Y) Largest decline over 3 years	-33.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.09%	—	—
Current Drawdown Current decline from peak	-11.39%	-12.92%	+1.53%
Average Drawdown Average peak-to-trough decline	-35.34%	-6.50%	-28.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.47%	8.79%	-2.32%

Volatility

CWEN vs. BEPC - Volatility Comparison

Clearway Energy, Inc. (CWEN) and Brookfield Renewable Corporation (BEPC) have volatilities of 9.04% and 9.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWEN	BEPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.04%	9.04%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	22.59%	26.71%	-4.12%
Volatility (1Y) Calculated over the trailing 1-year period	29.32%	33.91%	-4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.29%	35.22%	-4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.30%	35.22%	-3.92%

Dividends

CWEN vs. BEPC - Dividend Comparison

CWEN's dividend yield for the trailing twelve months is around 5.00%, more than BEPC's 4.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEPC Brookfield Renewable Corporation	4.04%	3.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CWEN Clearway Energy, Inc.	5.00%	5.32%	6.36%	5.62%	4.48%	3.68%	3.29%	4.01%	7.29%	5.81%	5.98%	6.88%

Financials

Frequently Asked Questions

Can I hold both CWEN and BEPC in my portfolio?

CWEN and BEPC have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CWEN or BEPC?

BEPC has higher volatility (9.04%) compared to CWEN (9.04%). In terms of maximum drawdown, CWEN dropped -79.41% vs BEPC's -19.92%.

Which has better risk-adjusted returns?

CWEN currently has the higher Sharpe Ratio (0.75 vs 0.68), 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.