CWEN vs. SOBO.TO
CWEN (Clearway Energy, Inc.) and SOBO.TO (South Bow Corp) are both stocks. CWEN operates in Utilities - Renewable (Utilities), while SOBO.TO operates in Oil & Gas Midstream (Energy). Over the past year, CWEN returned 24.39% vs 50.32% for SOBO.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
CWEN vs. SOBO.TO - Performance Comparison
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Different Trading Currencies
CWEN is traded in USD, while SOBO.TO is traded in CAD. To make them comparable, the SOBO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CWEN achieves a 15.34% return, which is significantly lower than SOBO.TO's 40.32% 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%
SOBO.TO
- 1D
- 0.96%
- 1M
- 5.83%
- YTD
- 40.32%
- 6M
- 44.41%
- 1Y
- 50.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWEN vs. SOBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CWEN Clearway Energy, Inc. | 15.34% | 35.48% | -11.95% |
SOBO.TO South Bow Corp | 40.32% | 25.61% | 15.72% |
Correlation
The correlation between CWEN and SOBO.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.16 |
Fundamentals
CWEN:
$1.31B
SOBO.TO:
CA$11.12B
CWEN:
$0.02
SOBO.TO:
$2.03
CWEN:
1.83K
SOBO.TO:
18.81
CWEN:
6.97
SOBO.TO:
3.47
CWEN:
2.46
SOBO.TO:
4.37
CWEN:
0.24
SOBO.TO:
2.99
CWEN:
$1.49B
SOBO.TO:
$1.82B
CWEN:
$543.00M
SOBO.TO:
$893.03M
CWEN:
$878.00M
SOBO.TO:
$851.07M
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Return for Risk
CWEN vs. SOBO.TO — Risk / Return Rank
CWEN
SOBO.TO
CWEN vs. SOBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) and South Bow Corp (SOBO.TO). 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 | SOBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.99 | -2.26 |
| Martin ratioReturn relative to average drawdown | 3.88 | 11.40 | -7.52 |
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Drawdowns
CWEN vs. SOBO.TO - Drawdown Comparison
The maximum CWEN drawdown since its inception was -79.41%, which is greater than SOBO.TO's maximum drawdown of -27.09%. Use the drawdown chart below to compare losses from any high point for CWEN and SOBO.TO.
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Drawdown Indicators
| CWEN | SOBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.41% | -27.09% | -52.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -12.68% | -1.47% |
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% | -0.37% | -8.82% |
Average DrawdownAverage peak-to-trough decline | -35.39% | -4.27% | -31.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 4.44% | +1.86% |
Volatility
CWEN vs. SOBO.TO - Volatility Comparison
Clearway Energy, Inc. (CWEN) has a higher volatility of 9.15% compared to South Bow Corp (SOBO.TO) at 7.09%. This indicates that CWEN's price experiences larger fluctuations and is considered to be riskier than SOBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEN | SOBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 7.09% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 22.05% | 14.83% | +7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.12% | 20.21% | +8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.26% | 44.59% | -14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.28% | 44.59% | -13.31% |
Dividends
CWEN vs. SOBO.TO - Dividend Comparison
CWEN's dividend yield for the trailing twelve months is around 4.87%, less than SOBO.TO's 5.18% 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% |
SOBO.TO South Bow Corp | 5.18% | 7.37% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CWEN vs. SOBO.TO - Financials Comparison
This section allows you to compare key financial metrics between Clearway Energy, Inc. and South Bow Corp. 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. SOBO.TO - Profitability Comparison
CWEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
SOBO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a gross profit of 91.48M and revenue of 416.07M. Therefore, the gross margin over that period was 22.0%.
CWEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clearway Energy, Inc. reported an operating income of 20.00M and revenue of 354.00M, resulting in an operating margin of 5.7%.
SOBO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported an operating income of 91.48M and revenue of 416.07M, resulting in an operating margin of 22.0%.
CWEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clearway Energy, Inc. reported a net income of -163.00M and revenue of 354.00M, resulting in a net margin of -46.1%.
SOBO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a net income of 75.74M and revenue of 416.07M, resulting in a net margin of 18.2%.
Frequently Asked Questions
CWEN and SOBO.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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