BEPC vs ERH: Correlation
Measured on weekly returns over the past three years, Brookfield Renewable Corporation Brookfield Renewable (BEPC) and Allspring Utilities and High Income Fund (ERH) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEPC and ERH?
On 3 years of weekly data the BEPC/ERH correlation comes out at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.52). The 5-year figure is 0.50, and annualized covariance runs at 267.0 %².
By 3-year correlation, ERH places #4 of the 11 assets tracked against BEPC. Twelve-month performance is nearly a tie, at +0.4% for BEPC and +3.2% for ERH. Risk is not evenly split, since BEPC carries 2.3 times the volatility of the other side.
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 ERH: side by side
| BEPC (Brookfield Renewable Corporation Brookfield Renewable) | ERH (Allspring Utilities and High Income Fund) | |
|---|---|---|
| 1-year return | +0.4% | +3.2% |
| 5-year return | -8.5% | +17.1% |
| Volatility (ann.) | 34.5% | 14.9% |
| Beta vs S&P 500 | 0.80 | 0.33 |
| Max drawdown (3Y) | -28.6% | -16.2% |
| Market cap | $6.1B | – |
| P/E (trailing) | – | 4.6 |
| Dividend yield | 2.33% | 8.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEPC | ERH |
|---|---|---|
| 2022 | -22.5% | -18.4% |
| 2023 | +9.5% | -10.5% |
| 2024 | +1.0% | +25.7% |
| 2025 | +45.2% | +19.8% |
| 2026 | -12.3% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEPC and ERH good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BEPC and ERH?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.29 over the last year and 0.50 over 5 years.
Is ERH a good diversifier for BEPC?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bepc-vs-erh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bepc-vs-erh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEPC correlations · ERH correlations
