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 12.60%/yr vs 12.55%/yr for BIP. At a 0.34 correlation, their price movements are largely independent.
Performance
BEP vs. BIP - Performance Comparison
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Returns By Period
In the year-to-date period, BEP achieves a 20.85% return, which is significantly higher than BIP's 13.04% return. Both investments have delivered pretty close results over the past 10 years, with BEP having a 12.60% annualized return and BIP not far behind at 12.55%.
BEP
- 1D
- -1.45%
- 1M
- -7.17%
- 6M
- 18.78%
- YTD
- 20.85%
- 1Y
- 32.09%
- 3Y*
- 8.02%
- 5Y*
- 1.76%
- 10Y*
- 12.60%
BIP
- 1D
- -0.11%
- 1M
- 0.25%
- 6M
- 14.82%
- YTD
- 13.04%
- 1Y
- 24.35%
- 3Y*
- 7.36%
- 5Y*
- 5.43%
- 10Y*
- 12.55%
BEP vs. BIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 20.85% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
BIP Brookfield Infrastructure Partners L.P. | 13.04% | 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 price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 0.48 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BEP:
$9.66B
BIP:
$17.38B
BEP:
$0.66
BIP:
$0.91
BEP:
48.55
BIP:
41.48
BEP:
0.35
BIP:
0.22
BEP:
1.46
BIP:
0.72
BEP:
2.61
BIP:
3.75
BEP:
$6.37B
BIP:
$24.01B
BEP:
$2.19B
BIP:
$6.49B
BEP:
$4.69B
BIP:
$11.14B
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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 | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.00 | +0.27 |
| Martin ratioReturn relative to average drawdown | 4.89 | 5.13 | -0.23 |
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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 | -14.25% | -12.25% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -31.41% | -40.19% | +8.78% |
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 | -15.73% | -2.33% | -13.40% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -10.22% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.58% | 4.76% | +1.82% |
Volatility
BEP vs. BIP - Volatility Comparison
Brookfield Renewable Partners L.P. (BEP) and Brookfield Infrastructure Partners L.P. (BIP) have volatilities of 6.32% and 6.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 6.32% | 6.41% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 15.49% | +4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.90% | 19.86% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.99% | 26.76% | +4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.01% | 27.97% | +2.04% |
Dividends
BEP vs. BIP - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 4.80%, less than BIP's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.80% | 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. | 6.74% | 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 Jul 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 Jul 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%.
BEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 Jul 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%.
BEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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 Jul 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
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.
BIP has higher volatility (6.41%) compared to BEP (6.32%). In terms of maximum drawdown, BEP dropped -53.85% vs BIP's -56.07%.
BIP currently has the higher Sharpe Ratio (1.23 vs 1.12), 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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