BEPC vs RNW: Correlation
Brookfield Renewable Corporation Brookfield Renewable (BEPC) and ReNew Energy Global plc - Class A Shares (RNW) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEPC and RNW?
Across a 3-year window, the weekly returns of BEPC and RNW correlate at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.37 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 448.9 %².
By 3-year correlation, RNW places #6 of the 11 assets tracked against BEPC. The trailing year gives BEPC the advantage: +0.4% versus -11.5%, a 11.9-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 RNW: side by side
| BEPC (Brookfield Renewable Corporation Brookfield Renewable) | RNW (ReNew Energy Global plc - Class A Shares) | |
|---|---|---|
| 1-year return | +0.4% | -11.5% |
| 5-year return | -8.5% | -26.6% |
| Volatility (ann.) | 34.5% | 35.5% |
| Beta vs S&P 500 | 0.80 | 0.53 |
| Max drawdown (3Y) | -28.6% | -45.1% |
| Market cap | $6.1B | $2.5B |
| P/E (trailing) | – | 22.0 |
| Dividend yield | 2.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEPC | RNW |
|---|---|---|
| 2022 | -22.5% | -29.3% |
| 2023 | +9.5% | +39.3% |
| 2024 | +1.0% | -10.8% |
| 2025 | +45.2% | -17.3% |
| 2026 | -12.3% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEPC and RNW good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BEPC and RNW?
The BEPC/RNW correlation stands at 0.37 on a 3-year window (1 year: 0.18, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is RNW a good diversifier for BEPC?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bepc-vs-rnw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bepc-vs-rnw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEPC correlations · RNW correlations
