CWEN vs. SPY
Compare and contrast key facts about Clearway Energy, Inc. (CWEN) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWEN or SPY.
Correlation
The correlation between CWEN and SPY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CWEN vs. SPY - Performance Comparison
Key characteristics
CWEN:
1.32
SPY:
0.32
CWEN:
1.89
SPY:
0.51
CWEN:
1.24
SPY:
1.07
CWEN:
0.92
SPY:
0.39
CWEN:
4.41
SPY:
1.52
CWEN:
8.82%
SPY:
3.13%
CWEN:
29.48%
SPY:
14.74%
CWEN:
-58.71%
SPY:
-55.19%
CWEN:
-13.62%
SPY:
-12.17%
Returns By Period
In the year-to-date period, CWEN achieves a 20.27% return, which is significantly higher than SPY's -8.15% return.
CWEN
20.27%
14.97%
8.65%
37.97%
16.66%
N/A
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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Risk-Adjusted Performance
CWEN vs. SPY — Risk-Adjusted Performance Rank
CWEN
SPY
CWEN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CWEN vs. SPY - Dividend Comparison
CWEN's dividend yield for the trailing twelve months is around 5.46%, more than SPY's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 5.46% | 6.36% | 5.62% | 4.48% | 3.69% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 4.23% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CWEN vs. SPY - Drawdown Comparison
The maximum CWEN drawdown since its inception was -58.71%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CWEN and SPY. For additional features, visit the drawdowns tool.
Volatility
CWEN vs. SPY - Volatility Comparison
The current volatility for Clearway Energy, Inc. (CWEN) is 4.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.47%. This indicates that CWEN experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.