BIP-UN.TO vs. VEA

Last updated Jun 13, 2026

BIP-UN.TO (Brookfield Infrastructure Partners L.P) is a stock, while VEA (Vanguard FTSE Developed Markets ETF) is Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Over the past 10 years, BIP-UN.TO returned 30.11%/yr vs 11.68%/yr for VEA. At a 0.23 correlation, their price movements are largely independent.

Performance

BIP-UN.TO vs. VEA - 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 FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BIP-UN.TO is traded in CAD, while VEA is traded in USD. To make them comparable, the VEA 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 lower than VEA's 17.18% return. Over the past 10 years, BIP-UN.TO has outperformed VEA with an annualized return of 30.11%, while VEA has yielded a comparatively lower 11.68% 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%

VEA

• 1D: 0.63%
• 1M: 3.45%
• YTD: 17.18%
• 6M: 18.44%
• 1Y: 32.87%
• 3Y*: 20.86%
• 5Y*: 12.74%
• 10Y*: 11.68%

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

BIP-UN.TO vs. VEA - 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%
VEA Vanguard FTSE Developed Markets ETF	17.18%	28.99%	11.88%	15.13%	-9.98%	11.61%	7.11%	17.57%	-7.58%	17.86%

Correlation

The correlation between BIP-UN.TO and VEA is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009	0.23

The correlation between BIP-UN.TO and VEA shifts across timeframes, from 0.23 (all time) to 0.43 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BIP-UN.TO vs. VEA — 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

VEA

VEA Risk / Return Rank: 62
VEA Sharpe Ratio Rank: 63
VEA Sortino Ratio Rank: 62
VEA Omega Ratio Rank: 63
VEA Calmar Ratio Rank: 59
VEA Martin Ratio Rank: 63

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. VEA - 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 FTSE Developed Markets ETF (VEA). 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	VEA	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.95	-0.72
Sortino ratio: Return per unit of downside risk	1.78	2.68	-0.90
Omega ratio: Gain probability vs. loss probability	1.22	1.34	-0.13
Calmar ratio: Return relative to maximum drawdown	1.88	2.92	-1.04
Martin ratio: Return relative to average drawdown	4.20	11.49	-7.29

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

The current BIP-UN.TO Sharpe Ratio is 1.23, which is lower than the VEA Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of BIP-UN.TO and VEA, 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. VEA - Drawdown Comparison

The maximum BIP-UN.TO drawdown since its inception was -46.85%, roughly equal to the maximum VEA drawdown of -48.22%. Use the drawdown chart below to compare losses from any high point for BIP-UN.TO and VEA.

Drawdown Indicators

	BIP-UN.TO	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-46.85%	-48.22%	+1.37%
Max Drawdown (1Y) Largest decline over 1 year	-11.91%	-11.32%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-38.88%	-13.97%	-24.91%
Max Drawdown (5Y) Largest decline over 5 years	-44.39%	-23.82%	-20.57%
Max Drawdown (10Y) Largest decline over 10 years	-46.85%	-30.28%	-16.57%
Current Drawdown Current decline from peak	-1.43%	-0.01%	-1.42%
Average Drawdown Average peak-to-trough decline	-6.46%	-10.50%	+4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	2.88%	+2.45%

Volatility

BIP-UN.TO vs. VEA - Volatility Comparison

The current volatility for Brookfield Infrastructure Partners L.P (BIP-UN.TO) is 4.57%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 6.95%. This indicates that BIP-UN.TO experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIP-UN.TO	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	6.95%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	14.69%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	18.22%	16.97%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.95%	17.72%	+15.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.57%	18.49%	+20.08%

Dividends

BIP-UN.TO vs. VEA - Dividend Comparison

BIP-UN.TO's dividend yield for the trailing twelve months is around 4.55%, more than VEA's 2.62% 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%
VEA Vanguard FTSE Developed Markets ETF	2.62%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

Frequently Asked Questions

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

BIP-UN.TO and VEA have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.