CWEN vs. PDO

Last updated Jun 13, 2026

CWEN (Clearway Energy, Inc.) and PDO (Pimco Dynamic Income Opportunities Fund) are both stocks. CWEN operates in Utilities - Renewable (Utilities), while PDO operates in Asset Management (Financial Services). Over the past 5 years, CWEN returned 11.37%/yr vs 1.78%/yr for PDO. At a 0.27 correlation, their price movements are largely independent.

Performance

CWEN vs. PDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clearway Energy, Inc. (CWEN) and Pimco Dynamic Income Opportunities Fund (PDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWEN achieves a 15.34% return, which is significantly higher than PDO's -1.72% 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%

PDO

• 1D: 0.78%
• 1M: 1.23%
• YTD: -1.72%
• 6M: -1.43%
• 1Y: 7.30%
• 3Y*: 12.44%
• 5Y*: 1.78%
• 10Y*: —

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

CWEN vs. PDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CWEN Clearway Energy, Inc.	15.34%	35.48%	0.87%	-8.93%	-7.89%	14.08%
PDO Pimco Dynamic Income Opportunities Fund	-1.72%	13.96%	24.55%	8.06%	-23.40%	5.98%

Correlation

The correlation between CWEN and PDO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.27

The correlation between CWEN and PDO shifts across timeframes, from 0.12 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CWEN vs. PDO — Risk / Return Rank

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

CWEN

CWEN Risk / Return Rank: 69
CWEN Sharpe Ratio Rank: 70
CWEN Sortino Ratio Rank: 65
CWEN Omega Ratio Rank: 64
CWEN Calmar Ratio Rank: 74
CWEN Martin Ratio Rank: 73

PDO

PDO Risk / Return Rank: 62
PDO Sharpe Ratio Rank: 66
PDO Sortino Ratio Rank: 58
PDO Omega Ratio Rank: 62
PDO Calmar Ratio Rank: 58
PDO Martin Ratio Rank: 64

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. PDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) and Pimco Dynamic Income Opportunities Fund (PDO). 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	PDO	Difference
Sharpe ratio: Return per unit of total volatility	0.84	0.73	+0.12
Sortino ratio: Return per unit of downside risk	1.35	1.06	+0.29
Omega ratio: Gain probability vs. loss probability	1.17	1.16	+0.01
Calmar ratio: Return relative to maximum drawdown	1.73	0.66	+1.08
Martin ratio: Return relative to average drawdown	3.88	2.29	+1.60

CWEN vs. PDO - Sharpe Ratio Comparison

The current CWEN Sharpe Ratio is 0.84, which is comparable to the PDO Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of CWEN and PDO, 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. PDO - Drawdown Comparison

The maximum CWEN drawdown since its inception was -79.41%, which is greater than PDO's maximum drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for CWEN and PDO.

Drawdown Indicators

	CWEN	PDO	Difference
Max Drawdown Largest peak-to-trough decline	-79.41%	-36.83%	-42.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-11.18%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-36.78%	-16.55%	-20.23%
Max Drawdown (5Y) Largest decline over 5 years	-52.09%	-36.83%	-15.26%
Max Drawdown (10Y) Largest decline over 10 years	-52.09%	—	—
Current Drawdown Current decline from peak	-9.19%	-5.54%	-3.65%
Average Drawdown Average peak-to-trough decline	-35.39%	-14.37%	-21.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.30%	3.20%	+3.10%

Volatility

CWEN vs. PDO - Volatility Comparison

Clearway Energy, Inc. (CWEN) has a higher volatility of 9.15% compared to Pimco Dynamic Income Opportunities Fund (PDO) at 3.68%. This indicates that CWEN's price experiences larger fluctuations and is considered to be riskier than PDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWEN	PDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	3.68%	+5.47%
Volatility (6M) Calculated over the trailing 6-month period	22.05%	9.06%	+12.99%
Volatility (1Y) Calculated over the trailing 1-year period	29.12%	10.08%	+19.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.26%	15.80%	+14.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.28%	15.54%	+15.74%

Dividends

CWEN vs. PDO - Dividend Comparison

CWEN's dividend yield for the trailing twelve months is around 4.87%, less than PDO's 11.94% yield.

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%
PDO Pimco Dynamic Income Opportunities Fund	11.94%	11.09%	11.29%	12.54%	19.09%	8.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CWEN and PDO in my portfolio?

CWEN and PDO have a correlation of 0.12, 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 PDO?

CWEN has higher volatility (9.15%) compared to PDO (3.68%). In terms of maximum drawdown, CWEN dropped -79.41% vs PDO's -36.83%.

Which has better risk-adjusted returns?

CWEN currently has the higher Sharpe Ratio (0.84 vs 0.73), 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.