AEM vs. BIP-UN.TO
AEM (Agnico Eagle Mines Limited) and BIP-UN.TO (Brookfield Infrastructure Partners L.P) are both stocks. AEM operates in Gold (Basic Materials), while BIP-UN.TO operates in Utilities - Diversified (Utilities). Over the past 10 years, AEM returned 14.51%/yr vs 28.77%/yr for BIP-UN.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
AEM vs. BIP-UN.TO - Performance Comparison
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Different Trading Currencies
AEM is traded in USD, while BIP-UN.TO is traded in CAD. To make them comparable, the BIP-UN.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AEM achieves a -3.97% return, which is significantly lower than BIP-UN.TO's 13.82% return. Over the past 10 years, AEM has underperformed BIP-UN.TO with an annualized return of 14.51%, while BIP-UN.TO has yielded a comparatively higher 28.77% annualized return.
AEM
- 1D
- -0.95%
- 1M
- -15.89%
- YTD
- -3.97%
- 6M
- -1.17%
- 1Y
- 38.70%
- 3Y*
- 49.86%
- 5Y*
- 20.89%
- 10Y*
- 14.51%
BIP-UN.TO
- 1D
- -0.39%
- 1M
- 6.39%
- YTD
- 13.82%
- 6M
- 12.37%
- 1Y
- 20.99%
- 3Y*
- 7.00%
- 5Y*
- 14.92%
- 10Y*
- 28.77%
AEM vs. BIP-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | -3.97% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 13.82% | 15.30% | 6.27% | 7.08% | 20.25% | 27.91% | 17.32% | 52.53% | -17.94% | 42.93% |
Correlation
The correlation between AEM and BIP-UN.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2009 | 0.07 |
The correlation between AEM and BIP-UN.TO shifts across timeframes, from 0.07 (all time) to 0.20 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
AEM:
$81.34B
BIP-UN.TO:
CA$24.85B
AEM:
$10.60
BIP-UN.TO:
CA$0.91
AEM:
15.30
BIP-UN.TO:
59.66
AEM:
0.24
BIP-UN.TO:
0.31
AEM:
6.04
BIP-UN.TO:
1.04
AEM:
3.10
BIP-UN.TO:
5.38
AEM:
$13.51B
BIP-UN.TO:
CA$24.01B
AEM:
$8.28B
BIP-UN.TO:
CA$6.49B
AEM:
$9.72B
BIP-UN.TO:
CA$11.14B
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Return for Risk
AEM vs. BIP-UN.TO — Risk / Return Rank
AEM
BIP-UN.TO
AEM vs. BIP-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Brookfield Infrastructure Partners L.P (BIP-UN.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.
| AEM | BIP-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.75 | -0.66 |
| Martin ratioReturn relative to average drawdown | 2.96 | 3.79 | -0.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AEM | BIP-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.15 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.45 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.74 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.90 | -0.74 |
Drawdowns
AEM vs. BIP-UN.TO - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, which is greater than BIP-UN.TO's maximum drawdown of -51.41%. Use the drawdown chart below to compare losses from any high point for AEM and BIP-UN.TO.
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Drawdown Indicators
| AEM | BIP-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -51.41% | -39.08% |
Max Drawdown (1Y)Largest decline over 1 year | -35.56% | -12.06% | -23.50% |
Max Drawdown (3Y)Largest decline over 3 years | -35.56% | -41.17% | +5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -46.22% | -47.89% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -51.41% | -2.45% |
Current DrawdownCurrent decline from peak | -35.56% | -1.52% | -34.04% |
Average DrawdownAverage peak-to-trough decline | -46.66% | -7.80% | -38.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.12% | 5.55% | +7.57% |
Volatility
AEM vs. BIP-UN.TO - Volatility Comparison
Agnico Eagle Mines Limited (AEM) has a higher volatility of 14.34% compared to Brookfield Infrastructure Partners L.P (BIP-UN.TO) at 4.78%. This indicates that AEM's price experiences larger fluctuations and is considered to be riskier than BIP-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | BIP-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 4.78% | +9.56% |
Volatility (6M)Calculated over the trailing 6-month period | 35.53% | 14.26% | +21.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.68% | 18.41% | +25.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.98% | 33.34% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.31% | 38.92% | -1.61% |
Dividends
AEM vs. BIP-UN.TO - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.05%, less than BIP-UN.TO's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.05% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 4.51% | 5.04% | 4.85% | 5.00% | 4.23% | 3.97% | 5.61% | 5.62% | 6.65% | 5.64% | 5.16% | 10.13% |
Financials
AEM vs. BIP-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Brookfield Infrastructure 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
AEM vs. BIP-UN.TO - Profitability Comparison
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a gross profit of 2.72B and revenue of 4.10B. Therefore, the gross margin over that period was 66.4%.
BIP-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a gross profit of 1.70B and revenue of 6.30B. Therefore, the gross margin over that period was 26.9%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported an operating income of 2.56B and revenue of 4.10B, resulting in an operating margin of 62.4%.
BIP-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported an operating income of 1.59B and revenue of 6.30B, resulting in an operating margin of 25.2%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a net income of 1.70B and revenue of 4.10B, resulting in a net margin of 41.4%.
BIP-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a net income of -86.00M and revenue of 6.30B, resulting in a net margin of -1.4%.
Frequently Asked Questions
AEM and BIP-UN.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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