BIP-UN.TO vs. BRO
BIP-UN.TO (Brookfield Infrastructure Partners L.P) and BRO (Brown & Brown, Inc.) are both stocks. BIP-UN.TO operates in Utilities - Diversified (Utilities), while BRO operates in Insurance Brokers (Financial Services). Over the past 10 years, BIP-UN.TO returned 29.95%/yr vs 14.31%/yr for BRO. At a 0.16 correlation, their price movements are largely independent.
Performance
BIP-UN.TO vs. BRO - Performance Comparison
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Different Trading Currencies
BIP-UN.TO is traded in CAD, while BRO is traded in USD. To make them comparable, the BRO 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 15.90% return, which is significantly higher than BRO's -25.51% return. Over the past 10 years, BIP-UN.TO has outperformed BRO with an annualized return of 29.95%, while BRO has yielded a comparatively lower 14.31% annualized return.
BIP-UN.TO
- 1D
- -0.11%
- 1M
- 8.60%
- YTD
- 15.90%
- 6M
- 13.26%
- 1Y
- 23.45%
- 3Y*
- 8.53%
- 5Y*
- 18.21%
- 10Y*
- 29.95%
BRO
- 1D
- -1.19%
- 1M
- 5.19%
- YTD
- -25.51%
- 6M
- -24.31%
- 1Y
- -46.00%
- 3Y*
- -1.16%
- 5Y*
- 5.98%
- 10Y*
- 14.31%
BIP-UN.TO vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIP-UN.TO Brookfield Infrastructure Partners L.P | 15.90% | 10.04% | 15.27% | 4.54% | 27.87% | 27.84% | 14.53% | 46.25% | -11.04% | 33.26% |
BRO Brown & Brown, Inc. | -25.51% | -24.96% | 56.54% | 22.74% | -13.22% | 49.24% | 18.19% | 38.71% | 17.41% | 8.29% |
Correlation
The correlation between BIP-UN.TO and BRO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2009 | 0.16 |
The correlation between BIP-UN.TO and BRO shifts across timeframes, from 0.06 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BIP-UN.TO:
CA$0.91
BRO:
$4.76
BIP-UN.TO:
59.66
BRO:
12.18
BIP-UN.TO:
0.31
BRO:
0.89
BIP-UN.TO:
1.04
BRO:
2.18
BIP-UN.TO:
CA$24.01B
BRO:
$6.43B
BIP-UN.TO:
CA$6.49B
BRO:
$3.82B
BIP-UN.TO:
CA$11.14B
BRO:
$1.51B
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Return for Risk
BIP-UN.TO vs. BRO — Risk / Return Rank
BIP-UN.TO
BRO
BIP-UN.TO vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners L.P (BIP-UN.TO) and Brown & Brown, Inc. (BRO). 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-UN.TO | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +4.21 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.70 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.91 | +2.89 |
| Martin ratioReturn relative to average drawdown | 4.41 | -1.57 | +5.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIP-UN.TO | BRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | -1.58 | +2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.23 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.59 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.42 | +0.57 |
Drawdowns
BIP-UN.TO vs. BRO - Drawdown Comparison
The maximum BIP-UN.TO drawdown since its inception was -46.85%, smaller than the maximum BRO drawdown of -57.87%. Use the drawdown chart below to compare losses from any high point for BIP-UN.TO and BRO.
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Drawdown Indicators
| BIP-UN.TO | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.85% | -57.87% | +11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -50.69% | +38.78% |
Max Drawdown (3Y)Largest decline over 3 years | -39.18% | -57.87% | +18.69% |
Max Drawdown (5Y)Largest decline over 5 years | -44.39% | -57.87% | +13.48% |
Max Drawdown (10Y)Largest decline over 10 years | -46.85% | -57.87% | +11.02% |
Current DrawdownCurrent decline from peak | -0.46% | -54.25% | +53.79% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -16.28% | +9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 29.32% | -23.99% |
Volatility
BIP-UN.TO vs. BRO - Volatility Comparison
The current volatility for Brookfield Infrastructure Partners L.P (BIP-UN.TO) is 4.72%, while Brown & Brown, Inc. (BRO) has a volatility of 9.70%. This indicates that BIP-UN.TO experiences smaller price fluctuations and is considered to be less risky than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIP-UN.TO | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 9.70% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.10% | 22.73% | -8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 29.28% | -11.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.96% | 25.67% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.59% | 24.51% | +14.08% |
Dividends
BIP-UN.TO vs. BRO - Dividend Comparison
BIP-UN.TO's dividend yield for the trailing twelve months is around 4.51%, more than BRO's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP-UN.TO Brookfield Infrastructure Partners L.P | 4.51% | 5.04% | 4.85% | 5.00% | 4.23% | 3.97% | 5.61% | 5.62% | 6.65% | 5.64% | 5.16% | 10.13% |
BRO Brown & Brown, Inc. | 1.11% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
Financials
BIP-UN.TO vs. BRO - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Infrastructure Partners L.P and Brown & Brown, Inc.. 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
BIP-UN.TO vs. BRO - Profitability Comparison
BIP-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a gross profit of 994.00M and revenue of 1.90B. Therefore, the gross margin over that period was 52.3%.
BIP-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.90B, resulting in an operating margin of 0.0%.
BIP-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a net income of 426.00M and revenue of 1.90B, resulting in a net margin of 22.4%.
Frequently Asked Questions
BIP-UN.TO and BRO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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