BBU vs. BN

Last updated Jun 6, 2026

BBU (Brookfield Business Partners LP) and BN (Brookfield Corporation) are both stocks. BBU operates in Conglomerates (Industrials), while BN operates in Asset Management (Financial Services). At a 0.44 correlation, their price movements are largely independent.

Performance

BBU vs. BN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Business Partners LP (BBU) and Brookfield Corporation (BN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BBU

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BN

• 1D: -1.00%
• 1M: -3.98%
• YTD: -2.64%
• 6M: -4.22%
• 1Y: 15.79%
• 3Y*: 29.03%
• 5Y*: 11.60%
• 10Y*: 14.69%

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

BBU vs. BN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBU Brookfield Business Partners LP	-10.44%	51.69%	15.15%	23.17%	-8.39%	23.39%	-8.42%	36.77%	-11.39%	44.75%
BN Brookfield Corporation	-2.64%	20.54%	44.18%	28.60%	-34.80%	49.30%	8.99%	52.68%	-10.65%	33.82%

Correlation

The correlation between BBU and BN is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jun 20, 2016	0.44

The correlation between BBU and BN has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.

Fundamentals

Market Cap BBU : $2.78B BN : $105.57B
EPS BBU : -$0.16 BN : $0.56
PS Ratio BBU : 0.09 BN : 1.38
PB Ratio BBU : 1.21 BN : 2.46
Total Revenue (TTM) BBU : $27.57B BN : $76.58B
Gross Profit (TTM) BBU : $5.33B BN : $27.02B
EBITDA (TTM) BBU : $5.94B BN : $31.07B

Return for Risk

BBU vs. BN — Risk / Return Rank

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

BN

BN Risk / Return Rank: 56
BN Sharpe Ratio Rank: 60
BN Sortino Ratio Rank: 53
BN Omega Ratio Rank: 52
BN Calmar Ratio Rank: 58
BN Martin Ratio Rank: 60

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.

BBU vs. BN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Business Partners LP (BBU) and Brookfield Corporation (BN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BBU	BN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.55	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.31	—

Drawdowns

Drawdown Indicators

	BBU	BN	Difference
Max Drawdown Largest peak-to-trough decline	—	-82.22%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-22.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.42%	—
Current Drawdown Current decline from peak	—	-9.13%	—
Average Drawdown Average peak-to-trough decline	—	-28.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.90%	—

Volatility

Volatility by Period

	BBU	BN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	28.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	31.23%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	30.19%	—

Dividends

BBU vs. BN - Dividend Comparison

BBU's dividend yield for the trailing twelve months is around 0.60%, more than BN's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBU Brookfield Business Partners LP	0.60%	0.71%	1.07%	1.21%	87.16%	0.54%	0.67%	0.61%	0.82%	0.72%	0.55%	0.00%
BN Brookfield Corporation	0.56%	0.52%	0.56%	0.70%	1.44%	1.12%	1.55%	1.11%	1.56%	1.29%	1.58%	1.50%

Financials

BBU vs. BN - Profitability Comparison

The chart below illustrates the profitability comparison between Brookfield Business Partners LP and Brookfield Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BBU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Business Partners LP reported a gross profit of 1.50B and revenue of 7.20B. Therefore, the gross margin over that period was 20.8%.

BN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a gross profit of 4.43B and revenue of 18.39B. Therefore, the gross margin over that period was 24.1%.

BBU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Business Partners LP reported an operating income of 1.20B and revenue of 7.20B, resulting in an operating margin of 16.7%.

BN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported an operating income of 4.39B and revenue of 18.39B, resulting in an operating margin of 23.9%.

BBU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Business Partners LP reported a net income of -42.65M and revenue of 7.20B, resulting in a net margin of -0.6%.

BN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a net income of 100.59M and revenue of 18.39B, resulting in a net margin of 0.6%.

Frequently Asked Questions

Can I hold both BBU and BN in my portfolio?

BBU and BN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.