CWEN vs. KMLM
CWEN (Clearway Energy, Inc.) is a stock, while KMLM (KFA Mount Lucas Index Strategy ETF) is Systematic Trend fund tracking the KFA MLM Index. Over the past 5 years, CWEN returned 6.67%/yr vs 5.46%/yr for KMLM. Their -0.15 correlation means they have often moved in opposite directions in the past.
Performance
CWEN vs. KMLM - Performance Comparison
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Returns By Period
In the year-to-date period, CWEN achieves a -1.31% return, which is significantly lower than KMLM's 10.64% return.
CWEN
- 1D
- 1.04%
- 1M
- -2.14%
- 6M
- -7.88%
- YTD
- -1.31%
- 1Y
- 4.13%
- 3Y*
- 15.26%
- 5Y*
- 6.67%
- 10Y*
- 11.69%
- ALL TIME*
- 6.54%
KMLM
- 1D
- -2.05%
- 1M
- 4.67%
- 6M
- 8.67%
- YTD
- 10.64%
- 1Y
- 15.77%
- 3Y*
- -0.31%
- 5Y*
- 5.46%
- 10Y*
- —
- ALL TIME*
- 7.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.26M | $36.51M | $47.93M | |
| $10.28M | $9.90M | $7.93M |
CWEN vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | -1.31% | 35.48% | 0.87% | -8.93% | -7.89% | 17.83% | 7.94% |
KMLM KFA Mount Lucas Index Strategy ETF | 10.64% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.74% |
Correlation
The correlation between CWEN and KMLM is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020 | -0.15 |
The correlation between CWEN and KMLM shifts across timeframes, from -0.16 (5 years) to -0.05 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CWEN vs. KMLM — Risk / Return Rank
CWEN
KMLM
CWEN vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) and KFA Mount Lucas Index Strategy ETF (KMLM). 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 | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.65 | -1.48 |
| Martin ratioReturn relative to average drawdown | 0.47 | 5.33 | -4.86 |
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Drawdowns
CWEN vs. KMLM - Drawdown Comparison
The maximum CWEN drawdown since its inception was -79.41%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for CWEN and KMLM.
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Drawdown Indicators
| CWEN | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.41% | -27.47% | -51.94% |
Max Drawdown (1Y)Largest decline over 1 year | -25.40% | -9.61% | -15.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.03% | -22.28% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -52.09% | -27.47% | -24.62% |
Max Drawdown (10Y)Largest decline over 10 years | -52.09% | — | — |
Current DrawdownCurrent decline from peak | -22.30% | -13.73% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -35.20% | -12.79% | -22.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.90% | 2.97% | +5.93% |
Volatility
CWEN vs. KMLM - Volatility Comparison
Clearway Energy, Inc. (CWEN) has a higher volatility of 8.25% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 4.35%. This indicates that CWEN's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEN | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 4.35% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 22.36% | 10.24% | +12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.31% | 11.68% | +18.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.44% | 14.55% | +15.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 14.68% | +16.59% |
Dividends
CWEN vs. KMLM - Dividend Comparison
CWEN's dividend yield for the trailing twelve months is around 5.70%, more than KMLM's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 5.70% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.54% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CWEN and KMLM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWEN has higher volatility (8.25%) compared to KMLM (4.35%). In terms of maximum drawdown, CWEN dropped -79.41% vs KMLM's -27.47%.
KMLM currently has the higher Sharpe Ratio (1.36 vs 0.14), 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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