TA-PJ.TO vs. BEP-PR.TO
TA-PJ.TO (TransAlta Corporation) and BEP-PR.TO (Brookfield Renewable Partners L.P.) are both stocks. Both are in the Utilities sector — TA-PJ.TO in Utilities - Independent Power Producers, BEP-PR.TO in Utilities - Renewable. Over the past 3 years, TA-PJ.TO returned 18.01%/yr vs 17.63%/yr for BEP-PR.TO. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
TA-PJ.TO vs. BEP-PR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TA-PJ.TO achieves a 6.20% return, which is significantly lower than BEP-PR.TO's 9.84% return.
TA-PJ.TO
- 1D
- 0.22%
- 1M
- 1.71%
- 6M
- 7.15%
- YTD
- 6.20%
- 1Y
- 13.13%
- 3Y*
- 18.01%
- 5Y*
- 8.92%
- 10Y*
- 13.04%
- ALL TIME*
- 7.63%
BEP-PR.TO
- 1D
- -0.17%
- 1M
- 1.91%
- 6M
- 5.62%
- YTD
- 9.84%
- 1Y
- 18.90%
- 3Y*
- 17.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BEP-PR.TO Brookfield Renewable Partners L.P. | CA$70.28K | CA$80.25K | CA$74.33K |
TA-PJ.TO TransAlta Corporation | CA$132.12K | CA$105.78K | CA$105.16K |
TA-PJ.TO vs. BEP-PR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TA-PJ.TO TransAlta Corporation | 6.20% | 17.44% | 28.47% | 2.13% | -9.81% |
BEP-PR.TO Brookfield Renewable Partners L.P. | 9.84% | 22.48% | 26.67% | -10.29% | -23.59% |
Correlation
The correlation between TA-PJ.TO and BEP-PR.TO is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2022 | 0.10 |
The correlation between TA-PJ.TO and BEP-PR.TO shifts across timeframes, from -0.04 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
Fundamentals
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Return for Risk
TA-PJ.TO vs. BEP-PR.TO — Risk / Return Rank
TA-PJ.TO
BEP-PR.TO
TA-PJ.TO vs. BEP-PR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TransAlta Corporation (TA-PJ.TO) and Brookfield Renewable Partners L.P. (BEP-PR.TO). 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.
| TA-PJ.TO | BEP-PR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.41 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 7.75 | 5.30 | +2.45 |
| Martin ratioReturn relative to average drawdown | 20.49 | 14.03 | +6.46 |
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Drawdowns
TA-PJ.TO vs. BEP-PR.TO - Drawdown Comparison
The maximum TA-PJ.TO drawdown since its inception was -48.77%, which is greater than BEP-PR.TO's maximum drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for TA-PJ.TO and BEP-PR.TO.
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Drawdown Indicators
| TA-PJ.TO | BEP-PR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.77% | -39.44% | -9.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -3.34% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -7.51% | -16.92% | +9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.50% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -14.70% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.27% | -0.63% |
Volatility
TA-PJ.TO vs. BEP-PR.TO - Volatility Comparison
The current volatility for TransAlta Corporation (TA-PJ.TO) is 1.01%, while Brookfield Renewable Partners L.P. (BEP-PR.TO) has a volatility of 2.23%. This indicates that TA-PJ.TO experiences smaller price fluctuations and is considered to be less risky than BEP-PR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TA-PJ.TO | BEP-PR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.23% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 7.16% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 9.46% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.69% | 14.08% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 14.08% | +1.64% |
Dividends
TA-PJ.TO vs. BEP-PR.TO - Dividend Comparison
TA-PJ.TO's dividend yield for the trailing twelve months is around 6.32%, more than BEP-PR.TO's 5.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP-PR.TO Brookfield Renewable Partners L.P. | 5.70% | 6.00% | 6.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TA-PJ.TO TransAlta Corporation | 6.32% | 6.49% | 5.72% | 6.36% | 6.10% | 5.22% | 6.58% | 7.26% | 7.32% | 5.96% | 6.78% | 8.92% |
Financials
TA-PJ.TO vs. BEP-PR.TO - Financials Comparison
This section allows you to compare key financial metrics between TransAlta Corporation and Brookfield Renewable Partners L.P.. 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
Frequently Asked Questions
TA-PJ.TO and BEP-PR.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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