BEP vs. BIPC
BEP (Brookfield Renewable Partners L.P.) and BIPC (Brookfield Infrastructure Corporation) are both stocks. Both are in the Utilities sector — BEP in Utilities - Renewable, BIPC in Utilities - Regulated Gas. Over the past year, BEP returned 50.37% vs -3.34% for BIPC. At a 0.32 correlation, their price movements are largely independent.
Performance
BEP vs. BIPC - Performance Comparison
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Returns By Period
In the year-to-date period, BEP achieves a 35.56% return, which is significantly higher than BIPC's -14.92% return.
BEP
- 1D
- 1.42%
- 1M
- 1.69%
- YTD
- 35.56%
- 6M
- 33.93%
- 1Y
- 50.37%
- 3Y*
- 12.91%
- 5Y*
- 3.79%
- 10Y*
- 14.49%
BIPC
- 1D
- -4.42%
- 1M
- -9.20%
- YTD
- -14.92%
- 6M
- -16.54%
- 1Y
- -3.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BEP vs. BIPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 35.56% | 25.65% | -1.43% |
BIPC Brookfield Infrastructure Corporation | -14.92% | 18.32% | 3.65% |
Correlation
The correlation between BEP and BIPC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024 | 0.32 |
Fundamentals
BEP:
$10.84B
BIPC:
$5.04B
BEP:
$0.66
BIPC:
-$6.15
BEP:
1.63
BIPC:
1.28
BEP:
$6.37B
BIPC:
$3.63B
BEP:
$2.19B
BIPC:
$2.30B
BEP:
$4.69B
BIPC:
$2.59B
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Return for Risk
BEP vs. BIPC — Risk / Return Rank
BEP
BIPC
BEP vs. BIPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Brookfield Infrastructure Corporation (BIPC). 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 | BIPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.00 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | -0.11 | +3.66 |
| Martin ratioReturn relative to average drawdown | 8.07 | -0.30 | +8.37 |
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Drawdowns
BEP vs. BIPC - Drawdown Comparison
The maximum BEP drawdown since its inception was -53.85%, which is greater than BIPC's maximum drawdown of -29.77%. Use the drawdown chart below to compare losses from any high point for BEP and BIPC.
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Drawdown Indicators
| BEP | BIPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.85% | -29.77% | -24.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -29.77% | +15.52% |
Max Drawdown (3Y)Largest decline over 3 years | -31.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.85% | — | — |
Current DrawdownCurrent decline from peak | -5.47% | -24.26% | +18.79% |
Average DrawdownAverage peak-to-trough decline | -13.61% | -8.13% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 11.20% | -4.94% |
Volatility
BEP vs. BIPC - Volatility Comparison
Brookfield Renewable Partners L.P. (BEP) has a higher volatility of 7.82% compared to Brookfield Infrastructure Corporation (BIPC) at 6.82%. This indicates that BEP's price experiences larger fluctuations and is considered to be riskier than BIPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEP | BIPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 6.82% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 22.83% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.85% | 28.39% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.01% | 29.67% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.02% | 29.67% | +0.35% |
Dividends
BEP vs. BIPC - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 4.28%, less than BIPC's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.28% | 5.53% | 6.23% | 5.14% | 5.05% | 4.42% | 2.68% | 4.42% | 7.57% | 5.36% | 5.99% | 6.34% |
BIPC Brookfield Infrastructure Corporation | 4.68% | 3.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BEP vs. BIPC - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Renewable Partners L.P. and Brookfield Infrastructure Corporation. 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. BIPC - Profitability Comparison
BEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
BIPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Corporation reported a gross profit of 531.53M and revenue of 871.76M. Therefore, the gross margin over that period was 61.0%.
BEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
BIPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Corporation reported an operating income of 510.82M and revenue of 871.76M, resulting in an operating margin of 58.6%.
BEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
BIPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Corporation reported a net income of -110.45M and revenue of 871.76M, resulting in a net margin of -12.7%.
Frequently Asked Questions
BEP and BIPC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEP has higher volatility (7.82%) compared to BIPC (6.82%). In terms of maximum drawdown, BEP dropped -53.85% vs BIPC's -29.77%.
BEP currently has the higher Sharpe Ratio (1.76 vs -0.12), 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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