PDS vs. CWEN
PDS (Precision Drilling Corporation) and CWEN (Clearway Energy, Inc.) are both stocks. PDS operates in Oil & Gas Drilling (Energy), while CWEN operates in Utilities - Renewable (Utilities). Over the past 10 years, PDS returned -2.00%/yr vs 15.53%/yr for CWEN. At a 0.22 correlation, their price movements are largely independent.
Performance
PDS vs. CWEN - Performance Comparison
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Returns By Period
In the year-to-date period, PDS achieves a 16.00% return, which is significantly higher than CWEN's 12.54% return. Over the past 10 years, PDS has underperformed CWEN with an annualized return of -2.00%, while CWEN has yielded a comparatively higher 15.53% annualized return.
PDS
- 1D
- -0.79%
- 1M
- -14.03%
- YTD
- 16.00%
- 6M
- 20.42%
- 1Y
- 73.60%
- 3Y*
- 22.10%
- 5Y*
- 15.69%
- 10Y*
- -2.00%
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%
PDS vs. CWEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDS Precision Drilling Corporation | 16.00% | 17.70% | 12.49% | -29.22% | 116.48% | 114.86% | -41.11% | -19.54% | -42.38% | -44.59% |
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 PDS and CWEN is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2013 | 0.22 |
The correlation between PDS and CWEN shifts across timeframes, from 0.05 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PDS:
$1.08B
CWEN:
$1.28B
PDS:
-CA$1.13
CWEN:
$0.02
PDS:
0.85
CWEN:
2.40
PDS:
0.95
CWEN:
0.23
PDS:
CA$1.87B
CWEN:
$1.49B
PDS:
CA$628.67M
CWEN:
$543.00M
PDS:
CA$485.48M
CWEN:
$878.00M
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Return for Risk
PDS vs. CWEN — Risk / Return Rank
PDS
CWEN
PDS vs. CWEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Precision Drilling Corporation (PDS) 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.
| PDS | CWEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 1.55 | +2.49 |
| Martin ratioReturn relative to average drawdown | 13.51 | 3.39 | +10.12 |
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Drawdowns
PDS vs. CWEN - Drawdown Comparison
The maximum PDS drawdown since its inception was -99.16%, which is greater than CWEN's maximum drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for PDS and CWEN.
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Drawdown Indicators
| PDS | CWEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.16% | -79.41% | -19.75% |
Max Drawdown (1Y)Largest decline over 1 year | -18.31% | -14.15% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -50.50% | -33.54% | -16.96% |
Max Drawdown (5Y)Largest decline over 5 years | -55.51% | -52.09% | -3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -95.33% | -52.09% | -43.24% |
Current DrawdownCurrent decline from peak | -87.54% | -11.39% | -76.15% |
Average DrawdownAverage peak-to-trough decline | -69.55% | -35.34% | -34.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 6.47% | -0.99% |
Volatility
PDS vs. CWEN - Volatility Comparison
Precision Drilling Corporation (PDS) has a higher volatility of 14.14% compared to Clearway Energy, Inc. (CWEN) at 9.04%. This indicates that PDS'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
| PDS | CWEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 9.04% | +5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 28.21% | 22.59% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.43% | 29.32% | +7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.36% | 30.29% | +18.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.03% | 31.30% | +27.73% |
Dividends
PDS vs. CWEN - Dividend Comparison
PDS has not paid dividends to shareholders, while CWEN's dividend yield for the trailing twelve months is around 5.00%.
| 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% |
PDS Precision Drilling Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.11% |
Financials
PDS vs. CWEN - Financials Comparison
This section allows you to compare key financial metrics between Precision Drilling Corporation 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
PDS vs. CWEN - Profitability Comparison
PDS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Precision Drilling Corporation reported a gross profit of 81.57M and revenue of 527.41M. Therefore, the gross margin over that period was 15.5%.
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%.
PDS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Precision Drilling Corporation reported an operating income of 39.72M and revenue of 527.41M, resulting in an operating margin of 7.5%.
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%.
PDS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Precision Drilling Corporation reported a net income of 17.42M and revenue of 527.41M, resulting in a net margin of 3.3%.
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
PDS and CWEN have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDS has higher volatility (14.14%) compared to CWEN (9.04%). In terms of maximum drawdown, PDS dropped -99.16% vs CWEN's -79.41%.
PDS currently has the higher Sharpe Ratio (2.05 vs 0.75), 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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