XEG.TO vs. BEPC.TO

Last updated Jun 4, 2026

XEG.TO (iShares S&P/TSX Capped Energy Index ETF) is Energy Equities fund tracking the S&P/TSX Capped Energy Index, while BEPC.TO (Brookfield Renewable Corporation) is a stock. Over the past 5 years, XEG.TO returned 29.48%/yr vs 5.30%/yr for BEPC.TO. At a 0.08 correlation, their price movements are largely independent.

Performance

XEG.TO vs. BEPC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and Brookfield Renewable Corporation (BEPC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XEG.TO achieves a 44.34% return, which is significantly higher than BEPC.TO's 3.87% return.

XEG.TO

• 1D: 1.17%
• 1M: -0.04%
• YTD: 44.34%
• 6M: 39.73%
• 1Y: 70.40%
• 3Y*: 28.08%
• 5Y*: 29.48%
• 10Y*: 11.85%

BEPC.TO

• 1D: -1.41%
• 1M: 12.04%
• YTD: 3.87%
• 6M: -0.82%
• 1Y: 33.20%
• 3Y*: 9.41%
• 5Y*: 5.30%
• 10Y*: —

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

XEG.TO vs. BEPC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XEG.TO iShares S&P/TSX Capped Energy Index ETF	44.34%	16.72%	14.08%	3.52%	53.25%	83.71%	17.32%
BEPC.TO Brookfield Renewable Corporation	3.87%	38.64%	9.60%	7.21%	-17.01%	-35.49%	94.67%

Correlation

The correlation between XEG.TO and BEPC.TO is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jul 27, 2020	0.08

The correlation between XEG.TO and BEPC.TO shifts across timeframes, from 0.00 (1 year) to 0.13 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

XEG.TO vs. BEPC.TO — Risk / Return Rank

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

XEG.TO

XEG.TO Risk / Return Rank: 86
XEG.TO Sharpe Ratio Rank: 89
XEG.TO Sortino Ratio Rank: 80
XEG.TO Omega Ratio Rank: 80
XEG.TO Calmar Ratio Rank: 92
XEG.TO Martin Ratio Rank: 87

BEPC.TO

BEPC.TO Risk / Return Rank: 67
BEPC.TO Sharpe Ratio Rank: 71
BEPC.TO Sortino Ratio Rank: 63
BEPC.TO Omega Ratio Rank: 65
BEPC.TO Calmar Ratio Rank: 68
BEPC.TO Martin Ratio Rank: 69

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.

XEG.TO vs. BEPC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and Brookfield Renewable Corporation (BEPC.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.

	XEG.TO	BEPC.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.11	0.98	+2.13
Sortino ratio: Return per unit of downside risk	3.66	1.45	+2.22
Omega ratio: Gain probability vs. loss probability	1.49	1.20	+0.29
Calmar ratio: Return relative to maximum drawdown	6.36	1.50	+4.86
Martin ratio: Return relative to average drawdown	19.02	3.62	+15.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEG.TO vs. BEPC.TO - Sharpe Ratio Comparison

The current XEG.TO Sharpe Ratio is 3.11, which is higher than the BEPC.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of XEG.TO and BEPC.TO, 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

	XEG.TO	BEPC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	0.98	+2.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.17	+0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.31	-0.03

Drawdowns

XEG.TO vs. BEPC.TO - Drawdown Comparison

The maximum XEG.TO drawdown since its inception was -87.74%, which is greater than BEPC.TO's maximum drawdown of -57.96%. Use the drawdown chart below to compare losses from any high point for XEG.TO and BEPC.TO.

Drawdown Indicators

	XEG.TO	BEPC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-87.74%	-57.96%	-29.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.12%	-22.26%	+11.14%
Max Drawdown (3Y) Largest decline over 3 years	-25.67%	-35.98%	+10.31%
Max Drawdown (5Y) Largest decline over 5 years	-28.42%	-42.30%	+13.88%
Max Drawdown (10Y) Largest decline over 10 years	-79.66%	—	—
Current Drawdown Current decline from peak	-4.00%	-15.15%	+11.15%
Average Drawdown Average peak-to-trough decline	-29.19%	-33.32%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	9.21%	-5.50%

Volatility

XEG.TO vs. BEPC.TO - Volatility Comparison

iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 9.31% compared to Brookfield Renewable Corporation (BEPC.TO) at 7.69%. This indicates that XEG.TO's price experiences larger fluctuations and is considered to be riskier than BEPC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEG.TO	BEPC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.31%	7.69%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	18.99%	26.14%	-7.15%
Volatility (1Y) Calculated over the trailing 1-year period	22.76%	34.50%	-11.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.62%	31.84%	-3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.41%	32.95%	+0.46%

Dividends

XEG.TO vs. BEPC.TO - Dividend Comparison

XEG.TO's dividend yield for the trailing twelve months is around 2.65%, less than BEPC.TO's 3.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEPC.TO Brookfield Renewable Corporation	3.94%	3.97%	4.88%	4.82%	4.46%	3.26%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%
XEG.TO iShares S&P/TSX Capped Energy Index ETF	2.65%	3.63%	3.46%	4.26%	3.31%	1.64%	2.96%	2.70%	2.25%	1.41%	1.40%	3.58%

Frequently Asked Questions

Can I hold both XEG.TO and BEPC.TO in my portfolio?

XEG.TO and BEPC.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.