CWEN vs. VGT
Compare and contrast key facts about Clearway Energy, Inc. (CWEN) and Vanguard Information Technology ETF (VGT).
VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWEN or VGT.
Performance
CWEN vs. VGT - Performance Comparison
Returns By Period
In the year-to-date period, CWEN achieves a 5.43% return, which is significantly lower than VGT's 25.23% return.
CWEN
5.43%
1.06%
5.98%
29.60%
12.55%
N/A
VGT
25.23%
0.64%
13.55%
33.20%
21.96%
20.52%
Key characteristics
| CWEN | VGT | |
|---|---|---|
| Sharpe Ratio | 0.86 | 1.60 |
| Sortino Ratio | 1.45 | 2.11 |
| Omega Ratio | 1.17 | 1.29 |
| Calmar Ratio | 0.63 | 2.20 |
| Martin Ratio | 2.62 | 7.92 |
| Ulcer Index | 10.76% | 4.23% |
| Daily Std Dev | 32.74% | 20.99% |
| Max Drawdown | -58.71% | -54.63% |
| Current Drawdown | -24.97% | -3.62% |
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Correlation
The correlation between CWEN and VGT is 0.32, 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.
Risk-Adjusted Performance
CWEN vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
CWEN's dividend yield for the trailing twelve months is around 5.90%, more than VGT's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 5.90% | 5.62% | 4.48% | 3.69% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 4.23% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.62% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
CWEN vs. VGT - Drawdown Comparison
The maximum CWEN drawdown since its inception was -58.71%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for CWEN and VGT. For additional features, visit the drawdowns tool.
Volatility
CWEN vs. VGT - Volatility Comparison
Clearway Energy, Inc. (CWEN) has a higher volatility of 13.89% compared to Vanguard Information Technology ETF (VGT) at 6.53%. This indicates that CWEN's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.