FLNC vs. BEPC

Last updated Jun 3, 2026

FLNC (Fluence Energy, Inc.) and BEPC (Brookfield Renewable Corporation) are both stocks. Both operate in the Utilities - Renewable industry within the Utilities sector. Over the past year, FLNC returned 528.60% vs 41.33% for BEPC. At a 0.38 correlation, their price movements are largely independent.

Performance

FLNC vs. BEPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fluence Energy, Inc. (FLNC) and Brookfield Renewable Corporation (BEPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLNC achieves a 41.10% return, which is significantly higher than BEPC's 4.64% return.

FLNC

• 1D: 2.80%
• 1M: 128.96%
• YTD: 41.10%
• 6M: 39.83%
• 1Y: 528.60%
• 3Y*: 5.80%
• 5Y*: —
• 10Y*: —

BEPC

• 1D: 1.16%
• 1M: 12.96%
• YTD: 4.64%
• 6M: -0.72%
• 1Y: 41.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLNC vs. BEPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLNC Fluence Energy, Inc.	41.10%	24.56%	-1.55%
BEPC Brookfield Renewable Corporation	4.64%	45.18%	-3.49%

Correlation

The correlation between FLNC and BEPC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Dec 26, 2024	0.38

Fundamentals

Market Cap FLNC : $3.68B BEPC : $7.18B
EPS FLNC : -$0.26 BEPC : -$29.65
PS Ratio FLNC : 1.71 BEPC : 1.76
Total Revenue (TTM) FLNC : $2.58B BEPC : $4.03B
Gross Profit (TTM) FLNC : $301.68M BEPC : $1.93B
EBITDA (TTM) FLNC : $4.46M BEPC : $563.03M

Return for Risk

FLNC vs. BEPC — Risk / Return Rank

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

FLNC

FLNC Risk / Return Rank: 94
FLNC Sharpe Ratio Rank: 98
FLNC Sortino Ratio Rank: 93
FLNC Omega Ratio Rank: 92
FLNC Calmar Ratio Rank: 96
FLNC Martin Ratio Rank: 93

BEPC

BEPC Risk / Return Rank: 72
BEPC Sharpe Ratio Rank: 75
BEPC Sortino Ratio Rank: 69
BEPC Omega Ratio Rank: 70
BEPC Calmar Ratio Rank: 74
BEPC Martin Ratio Rank: 74

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.

FLNC vs. BEPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fluence Energy, Inc. (FLNC) and Brookfield Renewable Corporation (BEPC). 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.

	FLNC	BEPC	Difference
Sharpe ratio Return per unit of total volatility	4.25	1.20	+3.05
Sortino ratio Return per unit of downside risk	3.70	1.70	+2.00
Omega ratio Gain probability vs. loss probability	1.48	1.23	+0.25
Calmar ratio Return relative to maximum drawdown	7.80	1.97	+5.83
Martin ratio Return relative to average drawdown	15.90	4.79	+11.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLNC vs. BEPC - Sharpe Ratio Comparison

The current FLNC Sharpe Ratio is 4.25, which is higher than the BEPC Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of FLNC and BEPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLNC	BEPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.25	1.20	+3.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.87	-0.92

Drawdowns

FLNC vs. BEPC - Drawdown Comparison

The maximum FLNC drawdown since its inception was -90.40%, which is greater than BEPC's maximum drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for FLNC and BEPC.

Drawdown Indicators

	FLNC	BEPC	Difference
Max Drawdown Largest peak-to-trough decline	-90.40%	-19.92%	-70.48%
Max Drawdown (1Y) Largest decline over 1 year	-63.30%	-19.92%	-43.38%
Max Drawdown (3Y) Largest decline over 3 years	-88.40%	—	—
Current Drawdown Current decline from peak	-25.79%	-9.54%	-16.25%
Average Drawdown Average peak-to-trough decline	-53.87%	-6.24%	-47.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.07%	8.19%	+22.88%

Volatility

FLNC vs. BEPC - Volatility Comparison

Fluence Energy, Inc. (FLNC) has a higher volatility of 60.59% compared to Brookfield Renewable Corporation (BEPC) at 7.73%. This indicates that FLNC's price experiences larger fluctuations and is considered to be riskier than BEPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLNC	BEPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	60.59%	7.73%	+52.86%
Volatility (6M) Calculated over the trailing 6-month period	92.21%	26.46%	+65.75%
Volatility (1Y) Calculated over the trailing 1-year period	125.74%	34.77%	+90.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.14%	35.46%	+62.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.14%	35.46%	+62.68%

Dividends

FLNC vs. BEPC - Dividend Comparison

FLNC has not paid dividends to shareholders, while BEPC's dividend yield for the trailing twelve months is around 3.89%.

Position	TTM	2025
BEPC Brookfield Renewable Corporation	3.89%	3.89%
FLNC Fluence Energy, Inc.	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both FLNC and BEPC in my portfolio?

FLNC and BEPC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLNC or BEPC?

FLNC has higher volatility (60.59%) compared to BEPC (7.73%). In terms of maximum drawdown, FLNC dropped -90.40% vs BEPC's -19.92%.

Which has better risk-adjusted returns?

FLNC currently has the higher Sharpe Ratio (4.25 vs 1.20), 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.