BEP vs. BIP
BEP (Brookfield Renewable Partners L.P.) and BIP (Brookfield Infrastructure Partners L.P.) are both stocks. Both are in the Utilities sector — BEP in Utilities - Renewable, BIP in Utilities - Diversified. Over the past 10 years, BEP returned 12.61%/yr vs 13.71%/yr for BIP. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
BEP vs. BIP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BEP having a 24.64% return and BIP slightly higher at 25.51%. Over the past 10 years, BEP has underperformed BIP with an annualized return of 12.61%, while BIP has yielded a comparatively higher 13.71% annualized return.
BEP
- 1D
- 0.61%
- 1M
- -3.01%
- 6M
- 12.69%
- YTD
- 24.64%
- 1Y
- 33.81%
- 3Y*
- 11.20%
- 5Y*
- 1.27%
- 10Y*
- 12.61%
- ALL TIME*
- 18.97%
BIP
- 1D
- -1.49%
- 1M
- 12.83%
- 6M
- 20.62%
- YTD
- 25.51%
- 1Y
- 43.65%
- 3Y*
- 12.49%
- 5Y*
- 8.28%
- 10Y*
- 13.71%
- ALL TIME*
- 15.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.61M | $34.04M | $31.20M | |
| $61.30M | $44.61M | $33.88M |
BEP vs. BIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 24.64% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
BIP Brookfield Infrastructure Partners L.P. | 25.51% | 15.15% | 6.40% | 6.64% | -20.73% | 27.77% | 15.45% | 51.38% | -19.15% | 39.72% |
Correlation
The correlation between BEP and BIP is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2008 | 0.34 |
The correlation between BEP and BIP shifts across timeframes, from 0.32 (1 year) to 0.47 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BEP:
$10.05B
BIP:
$19.23B
BEP:
$0.66
BIP:
$0.88
BEP:
50.07
BIP:
47.35
BEP:
0.36
BIP:
0.25
BEP:
1.51
BIP:
0.77
BEP:
$6.37B
BIP:
$25.06B
BEP:
$2.19B
BIP:
$6.65B
BEP:
$4.69B
BIP:
$11.44B
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Return for Risk
BEP vs. BIP — Risk / Return Rank
BEP
BIP
BEP vs. BIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Brookfield Infrastructure Partners L.P. (BIP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BEP | BIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.56 | -1.81 |
| Martin ratioReturn relative to average drawdown | 3.83 | 9.74 | -5.91 |
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Drawdowns
BEP vs. BIP - Drawdown Comparison
The maximum BEP drawdown since its inception was -53.85%, roughly equal to the maximum BIP drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for BEP and BIP.
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Drawdown Indicators
| BEP | BIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.85% | -56.07% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -14.67% | -12.25% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -29.72% | -35.02% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -47.46% | -49.85% | +2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -53.85% | -51.33% | -2.52% |
Current DrawdownCurrent decline from peak | -13.09% | -2.02% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -10.19% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 4.47% | +2.76% |
Volatility
BEP vs. BIP - Volatility Comparison
Brookfield Renewable Partners L.P. (BEP) has a higher volatility of 7.49% compared to Brookfield Infrastructure Partners L.P. (BIP) at 6.12%. This indicates that BEP's price experiences larger fluctuations and is considered to be riskier than BIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEP | BIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.49% | 6.12% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 15.80% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.63% | 20.46% | +8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.01% | 26.84% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 27.98% | +2.08% |
Dividends
BEP vs. BIP - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 4.66%, less than BIP's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.66% | 5.53% | 6.23% | 5.14% | 5.05% | 4.42% | 2.68% | 4.42% | 7.57% | 5.36% | 5.99% | 6.34% |
BIP Brookfield Infrastructure Partners L.P. | 6.07% | 4.95% | 5.10% | 4.86% | 4.65% | 3.35% | 3.92% | 4.02% | 5.44% | 3.88% | 4.62% | 5.59% |
Financials
BEP vs. BIP - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Renewable Partners L.P. 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
BEP vs. BIP - Profitability Comparison
BEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Brookfield Renewable Partners L.P. reported a gross profit of 210.05M and revenue of 1.52B. Therefore, the gross margin over that period was 13.8%.
BIP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Brookfield Infrastructure Partners L.P. reported a gross profit of 1.59B and revenue of 6.48B. Therefore, the gross margin over that period was 24.5%.
BEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Brookfield Renewable Partners L.P. reported an operating income of 138.06M and revenue of 1.52B, resulting in an operating margin of 9.1%.
BIP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Brookfield Infrastructure Partners L.P. reported an operating income of 1.48B and revenue of 6.48B, resulting in an operating margin of 22.8%.
BEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Brookfield Renewable Partners L.P. reported a net income of -113.41M and revenue of 1.52B, resulting in a net margin of -7.5%.
BIP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Brookfield Infrastructure Partners L.P. reported a net income of 62.00M and revenue of 6.48B, resulting in a net margin of 1.0%.
Frequently Asked Questions
BEP and BIP have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEP has higher volatility (7.49%) compared to BIP (6.12%). In terms of maximum drawdown, BEP dropped -53.85% vs BIP's -56.07%.
BIP currently has the higher Sharpe Ratio (2.13 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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