NRG vs. CWEN
NRG (NRG Energy, Inc.) and CWEN (Clearway Energy, Inc.) are both stocks. Both are in the Utilities sector — NRG in Utilities - Independent Power Producers, CWEN in Utilities - Renewable. Over the past 10 years, NRG returned 28.30%/yr vs 15.53%/yr for CWEN. At a 0.41 correlation, their price movements are largely independent.
Performance
NRG vs. CWEN - Performance Comparison
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Returns By Period
In the year-to-date period, NRG achieves a -13.02% return, which is significantly lower than CWEN's 12.54% return. Over the past 10 years, NRG has outperformed CWEN with an annualized return of 28.30%, while CWEN has yielded a comparatively lower 15.53% annualized return.
NRG
- 1D
- -0.90%
- 1M
- 0.01%
- YTD
- -13.02%
- 6M
- -12.39%
- 1Y
- -8.43%
- 3Y*
- 61.61%
- 5Y*
- 33.25%
- 10Y*
- 28.30%
CWEN
- 1D
- -1.38%
- 1M
- -5.11%
- YTD
- 12.54%
- 6M
- 12.07%
- 1Y
- 21.87%
- 3Y*
- 15.08%
- 5Y*
- 12.13%
- 10Y*
- 15.53%
NRG vs. CWEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRG NRG Energy, Inc. | -13.02% | 78.91% | 78.58% | 69.36% | -23.47% | 18.54% | -2.14% | 0.69% | 39.59% | 133.69% |
CWEN Clearway Energy, Inc. | 12.54% | 35.48% | 0.87% | -8.93% | -7.89% | 17.83% | 67.04% | 21.37% | -2.11% | 26.92% |
Correlation
The correlation between NRG and CWEN is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2013 | 0.41 |
Fundamentals
NRG:
$28.63B
CWEN:
$1.28B
NRG:
$1.21
CWEN:
$0.02
NRG:
113.67
CWEN:
1.78K
NRG:
1.71
CWEN:
6.81
NRG:
0.84
CWEN:
2.40
NRG:
6.78
CWEN:
0.23
NRG:
$32.38B
CWEN:
$1.49B
NRG:
$4.69B
CWEN:
$543.00M
NRG:
$2.57B
CWEN:
$878.00M
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Return for Risk
NRG vs. CWEN — Risk / Return Rank
NRG
CWEN
NRG vs. CWEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NRG Energy, Inc. (NRG) and Clearway Energy, Inc. (CWEN). 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.
| NRG | CWEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.15 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.55 | -1.80 |
| Martin ratioReturn relative to average drawdown | -0.59 | 3.39 | -3.98 |
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Drawdowns
NRG vs. CWEN - Drawdown Comparison
The maximum NRG drawdown since its inception was -79.41%, roughly equal to the maximum CWEN drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for NRG and CWEN.
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Drawdown Indicators
| NRG | CWEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.41% | -79.41% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -34.24% | -14.15% | -20.09% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -33.54% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -34.24% | -52.09% | +17.85% |
Max Drawdown (10Y)Largest decline over 10 years | -48.76% | -52.09% | +3.33% |
Current DrawdownCurrent decline from peak | -24.97% | -11.39% | -13.58% |
Average DrawdownAverage peak-to-trough decline | -27.99% | -35.34% | +7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.34% | 6.47% | +7.87% |
Volatility
NRG vs. CWEN - Volatility Comparison
NRG Energy, Inc. (NRG) has a higher volatility of 12.28% compared to Clearway Energy, Inc. (CWEN) at 9.04%. This indicates that NRG's price experiences larger fluctuations and is considered to be riskier than CWEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRG | CWEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.28% | 9.04% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 34.27% | 22.59% | +11.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.16% | 29.32% | +15.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.00% | 30.29% | +9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.15% | 31.30% | +7.85% |
Dividends
NRG vs. CWEN - Dividend Comparison
NRG's dividend yield for the trailing twelve months is around 1.33%, less than CWEN's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 5.00% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
NRG NRG Energy, Inc. | 1.33% | 1.11% | 1.81% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% |
Financials
NRG vs. CWEN - Financials Comparison
This section allows you to compare key financial metrics between NRG Energy, Inc. and Clearway Energy, Inc.. 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
NRG vs. CWEN - Profitability Comparison
NRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a gross profit of 0.00 and revenue of 10.26B. Therefore, the gross margin over that period was 0.0%.
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%.
NRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported an operating income of 328.00M and revenue of 10.26B, resulting in an operating margin of 3.2%.
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%.
NRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a net income of 125.00M and revenue of 10.26B, resulting in a net margin of 1.2%.
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%.
Frequently Asked Questions
NRG and CWEN have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRG has higher volatility (12.28%) compared to CWEN (9.04%). In terms of maximum drawdown, NRG dropped -79.41% vs CWEN's -79.41%.
CWEN currently has the higher Sharpe Ratio (0.75 vs -0.19), 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.
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