BIP-PF.TO vs. XLY

Last updated Jun 5, 2026

BIP-PF.TO (Brookfield Infrastructure Partners L.P.) is a stock, while XLY (Consumer Discretionary Select Sector SPDR Fund) is Consumer Discretionary Equities fund tracking the Consumer Discretionary Select Sector Index. Over the past 5 years, BIP-PF.TO returned 6.55%/yr vs 10.07%/yr for XLY. At a 0.09 correlation, their price movements are largely independent.

Performance

BIP-PF.TO vs. XLY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brookfield Infrastructure Partners L.P. (BIP-PF.TO) and Consumer Discretionary Select Sector SPDR Fund (XLY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BIP-PF.TO is traded in CAD, while XLY is traded in USD. To make them comparable, the XLY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BIP-PF.TO achieves a 4.03% return, which is significantly higher than XLY's -2.10% return.

BIP-PF.TO

• 1D: -0.04%
• 1M: 2.07%
• YTD: 4.03%
• 6M: 5.93%
• 1Y: 11.15%
• 3Y*: 18.14%
• 5Y*: 6.55%
• 10Y*: —

XLY

• 1D: -1.84%
• 1M: -2.04%
• YTD: -2.10%
• 6M: -2.83%
• 1Y: 12.68%
• 3Y*: 15.44%
• 5Y*: 10.07%
• 10Y*: 13.41%

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

BIP-PF.TO vs. XLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BIP-PF.TO Brookfield Infrastructure Partners L.P.	4.03%	16.92%	28.47%	8.97%	-21.39%	13.03%	14.82%	5.18%	-8.59%
XLY Consumer Discretionary Select Sector SPDR Fund	-2.10%	2.45%	37.38%	36.56%	-31.73%	26.77%	27.44%	22.08%	-10.66%

Correlation

The correlation between BIP-PF.TO and XLY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018	0.09

Return for Risk

BIP-PF.TO vs. XLY — Risk / Return Rank

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

BIP-PF.TO

BIP-PF.TO Risk / Return Rank: 83
BIP-PF.TO Sharpe Ratio Rank: 82
BIP-PF.TO Sortino Ratio Rank: 79
BIP-PF.TO Omega Ratio Rank: 77
BIP-PF.TO Calmar Ratio Rank: 86
BIP-PF.TO Martin Ratio Rank: 88

XLY

XLY Risk / Return Rank: 19
XLY Sharpe Ratio Rank: 19
XLY Sortino Ratio Rank: 19
XLY Omega Ratio Rank: 18
XLY Calmar Ratio Rank: 18
XLY Martin Ratio Rank: 20

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.

BIP-PF.TO vs. XLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners L.P. (BIP-PF.TO) and Consumer Discretionary Select Sector SPDR Fund (XLY). 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.

	BIP-PF.TO	XLY	Difference
Sharpe ratio: Return per unit of total volatility	1.52	0.72	+0.80
Sortino ratio: Return per unit of downside risk	2.29	1.12	+1.17
Omega ratio: Gain probability vs. loss probability	1.28	1.13	+0.15
Calmar ratio: Return relative to maximum drawdown	3.60	0.85	+2.75
Martin ratio: Return relative to average drawdown	10.91	2.36	+8.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIP-PF.TO vs. XLY - Sharpe Ratio Comparison

The current BIP-PF.TO Sharpe Ratio is 1.52, which is higher than the XLY Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of BIP-PF.TO and XLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BIP-PF.TO	XLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	0.72	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.46	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.95	-0.57

Drawdowns

BIP-PF.TO vs. XLY - Drawdown Comparison

The maximum BIP-PF.TO drawdown since its inception was -36.04%, roughly equal to the maximum XLY drawdown of -35.37%. Use the drawdown chart below to compare losses from any high point for BIP-PF.TO and XLY.

Drawdown Indicators

	BIP-PF.TO	XLY	Difference
Max Drawdown Largest peak-to-trough decline	-36.04%	-35.37%	-0.67%
Max Drawdown (1Y) Largest decline over 1 year	-3.13%	-15.01%	+11.88%
Max Drawdown (3Y) Largest decline over 3 years	-16.03%	-26.77%	+10.74%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	-35.37%	+10.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.37%	—
Current Drawdown Current decline from peak	-1.07%	-7.31%	+6.24%
Average Drawdown Average peak-to-trough decline	-7.19%	-5.81%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	5.39%	-4.36%

Volatility

BIP-PF.TO vs. XLY - Volatility Comparison

The current volatility for Brookfield Infrastructure Partners L.P. (BIP-PF.TO) is 2.25%, while Consumer Discretionary Select Sector SPDR Fund (XLY) has a volatility of 5.11%. This indicates that BIP-PF.TO experiences smaller price fluctuations and is considered to be less risky than XLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIP-PF.TO	XLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	5.11%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	5.10%	12.93%	-7.83%
Volatility (1Y) Calculated over the trailing 1-year period	7.44%	17.86%	-10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.00%	22.09%	-7.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	20.43%	-2.35%

Dividends

BIP-PF.TO vs. XLY - Dividend Comparison

BIP-PF.TO's dividend yield for the trailing twelve months is around 6.23%, more than XLY's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIP-PF.TO Brookfield Infrastructure Partners L.P.	6.23%	6.28%	6.88%	6.50%	6.64%	4.95%	5.31%	5.76%	1.72%	0.00%	0.00%	0.00%
XLY Consumer Discretionary Select Sector SPDR Fund	0.78%	0.79%	0.72%	0.78%	1.00%	0.53%	0.82%	1.28%	1.34%	1.20%	1.71%	1.43%

Frequently Asked Questions

Can I hold both BIP-PF.TO and XLY in my portfolio?

BIP-PF.TO and XLY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.