CWEN vs. IBIT
CWEN (Clearway Energy, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, CWEN returned 24.39% vs -40.63% for IBIT. At a 0.12 correlation, their price movements are largely independent.
Performance
CWEN vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, CWEN achieves a 15.34% return, which is significantly higher than IBIT's -27.41% return.
CWEN
- 1D
- -0.58%
- 1M
- -0.39%
- YTD
- 15.34%
- 6M
- 18.36%
- 1Y
- 24.39%
- 3Y*
- 14.23%
- 5Y*
- 11.37%
- 10Y*
- 15.45%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWEN vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CWEN Clearway Energy, Inc. | 15.34% | 35.48% | 3.66% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between CWEN and IBIT 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 (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.12 |
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Return for Risk
CWEN vs. IBIT — Risk / Return Rank
CWEN
IBIT
CWEN vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.85 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.78 | +2.51 |
| Martin ratioReturn relative to average drawdown | 3.88 | -1.37 | +5.25 |
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Drawdowns
CWEN vs. IBIT - Drawdown Comparison
The maximum CWEN drawdown since its inception was -79.41%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for CWEN and IBIT.
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Drawdown Indicators
| CWEN | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.41% | -52.11% | -27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -52.11% | +37.96% |
Max Drawdown (3Y)Largest decline over 3 years | -36.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.09% | — | — |
Current DrawdownCurrent decline from peak | -9.19% | -49.45% | +40.26% |
Average DrawdownAverage peak-to-trough decline | -35.39% | -16.53% | -18.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 29.64% | -23.34% |
Volatility
CWEN vs. IBIT - Volatility Comparison
The current volatility for Clearway Energy, Inc. (CWEN) is 9.15%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that CWEN experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEN | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 12.07% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 22.05% | 34.45% | -12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.12% | 44.10% | -14.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.26% | 50.26% | -20.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.28% | 50.26% | -18.98% |
Dividends
CWEN vs. IBIT - Dividend Comparison
CWEN's dividend yield for the trailing twelve months is around 4.87%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 4.87% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CWEN and IBIT 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.
IBIT has higher volatility (12.07%) compared to CWEN (9.15%). In terms of maximum drawdown, CWEN dropped -79.41% vs IBIT's -52.11%.
CWEN currently has the higher Sharpe Ratio (0.84 vs -0.92), 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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