BIP-UN.TO vs. BIV

Last updated Jun 13, 2026

BIP-UN.TO (Brookfield Infrastructure Partners L.P) is a stock, while BIV (Vanguard Intermediate-Term Bond Index ETF) is Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. Over the past 10 years, BIP-UN.TO returned 30.11%/yr vs 2.78%/yr for BIV. At a 0.00 correlation, their price movements are largely independent.

Performance

BIP-UN.TO vs. BIV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brookfield Infrastructure Partners L.P (BIP-UN.TO) and Vanguard Intermediate-Term Bond Index ETF (BIV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, BIP-UN.TO achieves a 14.93% return, which is significantly higher than BIV's 2.08% return. Over the past 10 years, BIP-UN.TO has outperformed BIV with an annualized return of 30.11%, while BIV has yielded a comparatively lower 2.78% annualized return.

BIP-UN.TO

• 1D: -0.07%
• 1M: 3.28%
• YTD: 14.93%
• 6M: 14.64%
• 1Y: 22.29%
• 3Y*: 8.28%
• 5Y*: 18.36%
• 10Y*: 30.11%

BIV

• 1D: 0.16%
• 1M: 2.30%
• YTD: 2.08%
• 6M: 1.85%
• 1Y: 6.74%
• 3Y*: 6.22%
• 5Y*: 3.12%
• 10Y*: 2.78%

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

BIP-UN.TO vs. BIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIP-UN.TO Brookfield Infrastructure Partners L.P	14.93%	10.04%	15.27%	4.54%	27.87%	27.84%	14.53%	46.25%	-11.04%	33.26%
BIV Vanguard Intermediate-Term Bond Index ETF	2.08%	3.57%	10.17%	3.55%	-7.71%	-2.45%	7.06%	5.79%	8.21%	-3.37%

Correlation

The correlation between BIP-UN.TO and BIV is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009	0.00

The correlation between BIP-UN.TO and BIV shifts across timeframes, from 0.00 (all time) to 0.14 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BIP-UN.TO vs. BIV — Risk / Return Rank

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

BIP-UN.TO

BIP-UN.TO Risk / Return Rank: 74
BIP-UN.TO Sharpe Ratio Rank: 78
BIP-UN.TO Sortino Ratio Rank: 73
BIP-UN.TO Omega Ratio Rank: 71
BIP-UN.TO Calmar Ratio Rank: 75
BIP-UN.TO Martin Ratio Rank: 74

BIV

BIV Risk / Return Rank: 32
BIV Sharpe Ratio Rank: 34
BIV Sortino Ratio Rank: 34
BIV Omega Ratio Rank: 31
BIV Calmar Ratio Rank: 31
BIV Martin Ratio Rank: 31

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-UN.TO vs. BIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners L.P (BIP-UN.TO) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.

	BIP-UN.TO	BIV	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.09	+0.14
Sortino ratio: Return per unit of downside risk	1.78	1.61	+0.17
Omega ratio: Gain probability vs. loss probability	1.22	1.19	+0.03
Calmar ratio: Return relative to maximum drawdown	1.88	1.40	+0.48
Martin ratio: Return relative to average drawdown	4.20	3.03	+1.17

BIP-UN.TO vs. BIV - Sharpe Ratio Comparison

The current BIP-UN.TO Sharpe Ratio is 1.23, which is comparable to the BIV Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of BIP-UN.TO and BIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BIP-UN.TO vs. BIV - Drawdown Comparison

The maximum BIP-UN.TO drawdown since its inception was -46.85%, which is greater than BIV's maximum drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for BIP-UN.TO and BIV.

Drawdown Indicators

	BIP-UN.TO	BIV	Difference
Max Drawdown Largest peak-to-trough decline	-46.85%	-19.92%	-26.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.91%	-4.84%	-7.07%
Max Drawdown (3Y) Largest decline over 3 years	-38.88%	-5.74%	-33.14%
Max Drawdown (5Y) Largest decline over 5 years	-44.39%	-14.39%	-30.00%
Max Drawdown (10Y) Largest decline over 10 years	-46.85%	-19.92%	-26.93%
Current Drawdown Current decline from peak	-1.43%	-1.39%	-0.04%
Average Drawdown Average peak-to-trough decline	-6.46%	-6.23%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	2.24%	+3.09%

Volatility

BIP-UN.TO vs. BIV - Volatility Comparison

Brookfield Infrastructure Partners L.P (BIP-UN.TO) has a higher volatility of 4.57% compared to Vanguard Intermediate-Term Bond Index ETF (BIV) at 1.67%. This indicates that BIP-UN.TO's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIP-UN.TO	BIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	1.67%	+2.90%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	4.17%	+9.84%
Volatility (1Y) Calculated over the trailing 1-year period	18.22%	6.21%	+12.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.95%	8.97%	+23.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.57%	8.54%	+30.03%

Dividends

BIP-UN.TO vs. BIV - Dividend Comparison

BIP-UN.TO's dividend yield for the trailing twelve months is around 4.55%, more than BIV's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIP-UN.TO Brookfield Infrastructure Partners L.P	4.55%	5.04%	4.85%	5.00%	4.23%	3.97%	5.61%	5.62%	6.65%	5.64%	5.16%	10.13%
BIV Vanguard Intermediate-Term Bond Index ETF	4.21%	4.01%	3.79%	3.09%	2.41%	3.42%	2.95%	2.75%	2.88%	2.69%	3.01%	3.02%

Frequently Asked Questions

Can I hold both BIP-UN.TO and BIV in my portfolio?

BIP-UN.TO and BIV have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.