MG vs. BEP

Last updated Jun 4, 2026

MG (Mistras Group, Inc.) and BEP (Brookfield Renewable Partners L.P.) are both stocks. MG operates in Security & Protection Services (Industrials), while BEP operates in Utilities - Renewable (Utilities). Over the past 10 years, MG returned -3.45%/yr vs 14.52%/yr for BEP. At a 0.18 correlation, their price movements are largely independent.

Performance

MG vs. BEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mistras Group, Inc. (MG) and Brookfield Renewable Partners L.P. (BEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MG having a 39.13% return and BEP slightly lower at 38.52%. Over the past 10 years, MG has underperformed BEP with an annualized return of -3.45%, while BEP has yielded a comparatively higher 14.52% annualized return.

MG

• 1D: -2.44%
• 1M: -5.83%
• YTD: 39.13%
• 6M: 48.90%
• 1Y: 133.11%
• 3Y*: 36.70%
• 5Y*: 10.53%
• 10Y*: -3.45%

BEP

• 1D: -1.11%
• 1M: 12.73%
• YTD: 38.52%
• 6M: 34.00%
• 1Y: 55.90%
• 3Y*: 11.17%
• 5Y*: 3.51%
• 10Y*: 14.52%

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

MG vs. BEP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MG Mistras Group, Inc.	39.13%	39.62%	23.77%	48.48%	-33.65%	-4.25%	-45.62%	-0.76%	-38.73%	-8.61%
BEP Brookfield Renewable Partners L.P.	38.52%	25.65%	-8.23%	9.02%	-26.48%	-13.69%	80.30%	90.75%	-20.95%	24.51%

Correlation

The correlation between MG and BEP is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Oct 9, 2009	0.18

The correlation between MG and BEP shifts across timeframes, from 0.18 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MG : $574.73M BEP : $11.08B
EPS MG : $0.70 BEP : $0.66
PE Ratio MG : 25.24 BEP : 55.24
PEG Ratio MG : 0.51 BEP : 0.40
PS Ratio MG : 0.77 BEP : 1.66
Total Revenue (TTM) MG : $731.44M BEP : $6.37B
Gross Profit (TTM) MG : $197.97M BEP : $2.19B
EBITDA (TTM) MG : $75.89M BEP : $4.69B

Return for Risk

MG vs. BEP — Risk / Return Rank

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

MG

MG Risk / Return Rank: 96
MG Sharpe Ratio Rank: 95
MG Sortino Ratio Rank: 96
MG Omega Ratio Rank: 94
MG Calmar Ratio Rank: 97
MG Martin Ratio Rank: 97

BEP

BEP Risk / Return Rank: 85
BEP Sharpe Ratio Rank: 86
BEP Sortino Ratio Rank: 83
BEP Omega Ratio Rank: 82
BEP Calmar Ratio Rank: 87
BEP Martin Ratio Rank: 85

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.

MG vs. BEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mistras Group, Inc. (MG) and Brookfield Renewable Partners L.P. (BEP). 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.

	MG	BEP	Difference
Sharpe ratio: Return per unit of total volatility	3.25	1.89	+1.36
Sortino ratio: Return per unit of downside risk	4.52	2.60	+1.92
Omega ratio: Gain probability vs. loss probability	1.55	1.33	+0.22
Calmar ratio: Return relative to maximum drawdown	9.21	3.94	+5.27
Martin ratio: Return relative to average drawdown	27.36	9.03	+18.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MG vs. BEP - Sharpe Ratio Comparison

The current MG Sharpe Ratio is 3.25, which is higher than the BEP Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of MG and BEP, 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

	MG	BEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	1.89	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.11	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	0.49	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.54	-0.50

Drawdowns

MG vs. BEP - Drawdown Comparison

The maximum MG drawdown since its inception was -89.21%, which is greater than BEP's maximum drawdown of -53.85%. Use the drawdown chart below to compare losses from any high point for MG and BEP.

Drawdown Indicators

	MG	BEP	Difference
Max Drawdown Largest peak-to-trough decline	-89.21%	-53.85%	-35.36%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	-14.25%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-40.78%	-35.58%	-5.20%
Max Drawdown (5Y) Largest decline over 5 years	-66.87%	-47.46%	-19.41%
Max Drawdown (10Y) Largest decline over 10 years	-88.95%	-53.85%	-35.10%
Current Drawdown Current decline from peak	-34.72%	-3.41%	-31.31%
Average Drawdown Average peak-to-trough decline	-40.51%	-13.63%	-26.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	6.21%	-1.33%

Volatility

MG vs. BEP - Volatility Comparison

Mistras Group, Inc. (MG) has a higher volatility of 12.12% compared to Brookfield Renewable Partners L.P. (BEP) at 6.80%. This indicates that MG's price experiences larger fluctuations and is considered to be riskier than BEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MG	BEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.12%	6.80%	+5.32%
Volatility (6M) Calculated over the trailing 6-month period	24.36%	19.38%	+4.98%
Volatility (1Y) Calculated over the trailing 1-year period	41.15%	29.91%	+11.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.15%	30.94%	+15.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.28%	29.99%	+21.29%

Dividends

MG vs. BEP - Dividend Comparison

MG has not paid dividends to shareholders, while BEP's dividend yield for the trailing twelve months is around 4.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEP Brookfield Renewable Partners L.P.	4.19%	5.53%	6.23%	5.14%	5.05%	4.42%	2.68%	4.42%	7.57%	5.36%	5.99%	6.34%
MG Mistras Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

MG vs. BEP - Profitability Comparison

The chart below illustrates the profitability comparison between Mistras Group, Inc. and Brookfield Renewable Partners L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mistras Group, Inc. reported a gross profit of 44.73M and revenue of 169.03M. Therefore, the gross margin over that period was 26.5%.

BEP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Renewable Partners L.P. reported a gross profit of 210.05M and revenue of 1.52B. Therefore, the gross margin over that period was 13.8%.

MG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mistras Group, Inc. reported an operating income of 4.68M and revenue of 169.03M, resulting in an operating margin of 2.8%.

BEP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Renewable Partners L.P. reported an operating income of 138.06M and revenue of 1.52B, resulting in an operating margin of 9.1%.

MG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mistras Group, Inc. reported a net income of 2.39M and revenue of 169.03M, resulting in a net margin of 1.4%.

BEP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Renewable Partners L.P. reported a net income of -113.41M and revenue of 1.52B, resulting in a net margin of -7.5%.

Frequently Asked Questions

Can I hold both MG and BEP in my portfolio?

MG and BEP have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MG or BEP?

MG has higher volatility (12.12%) compared to BEP (6.80%). In terms of maximum drawdown, MG dropped -89.21% vs BEP's -53.85%.

Which has better risk-adjusted returns?

MG currently has the higher Sharpe Ratio (3.25 vs 1.89), 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.