BEPC vs CWEN: Correlation
Measured on weekly returns over the past three years, Brookfield Renewable Corporation Brookfield Renewable (BEPC) and Clearway Energy, Inc. (CWEN) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEPC and CWEN?
Over the past 3 years, BEPC and CWEN moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.55). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 565.5 %².
Few assets follow BEPC as closely as CWEN, which ranks #1 of 11 tracked partners. The trailing year gives CWEN the advantage: +0.4% versus +14.7%, a 14.3-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BEPC vs CWEN: side by side
| BEPC (Brookfield Renewable Corporation Brookfield Renewable) | CWEN (Clearway Energy, Inc.) | |
|---|---|---|
| 1-year return | +0.4% | +14.7% |
| 5-year return | -8.5% | +32.0% |
| Volatility (ann.) | 34.5% | 30.0% |
| Beta vs S&P 500 | 0.80 | 0.26 |
| Max drawdown (3Y) | -28.6% | -26.0% |
| Market cap | $6.1B | $8.0B |
| P/E (trailing) | – | 37.7 |
| Dividend yield | 2.33% | 5.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEPC | CWEN |
|---|---|---|
| 2022 | -22.5% | -7.9% |
| 2023 | +9.5% | -8.9% |
| 2024 | +1.0% | +0.9% |
| 2025 | +45.2% | +35.5% |
| 2026 | -12.3% | -0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEPC and CWEN good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BEPC and CWEN?
As of 2026-08-27, the correlation of weekly returns between BEPC and CWEN is 0.55 over 3 years, 0.45 over 1 year and 0.58 over 5 years.
Is CWEN a good diversifier for BEPC?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bepc-vs-cwen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bepc-vs-cwen/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEPC correlations · CWEN correlations
