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BIP-UN.TO vs. XUT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIP-UN.TO vs. XUT.TO

Last updated Jun 4, 2026

BIP-UN.TO (Brookfield Infrastructure Partners L.P) is a stock, while XUT.TO (iShares S&P/TSX Capped Utilities Index ETF) is Utilities Equities fund tracking the Morningstar Gbl GR CAD. Over the past 10 years, BIP-UN.TO returned 16.50%/yr vs 9.43%/yr for XUT.TO. At a 0.43 correlation, their price movements are largely independent.

Performance

BIP-UN.TO vs. XUT.TO - 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 iShares S&P/TSX Capped Utilities Index ETF (XUT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BIP-UN.TO achieves a 16.80% return, which is significantly higher than XUT.TO's 14.90% return. Over the past 10 years, BIP-UN.TO has outperformed XUT.TO with an annualized return of 16.50%, while XUT.TO has yielded a comparatively lower 9.43% annualized return.

BIP-UN.TO

1D
0.56%
1M
12.76%
YTD
16.80%
6M
9.78%
1Y
26.38%
3Y*
10.62%
5Y*
10.73%
10Y*
16.50%

XUT.TO

1D
0.14%
1M
3.21%
YTD
14.90%
6M
13.55%
1Y
23.81%
3Y*
12.29%
5Y*
7.97%
10Y*
9.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
BIP-UN.TO
Brookfield Infrastructure Partners L.P		16.80%12.32%17.67%6.51%-14.06%28.75%13.73%47.32%-9.97%34.02%
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		14.90%18.91%13.09%-0.45%-11.02%10.80%14.74%36.63%-8.30%10.16%

Correlation

The correlation between BIP-UN.TO and XUT.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2011

0.43

Over the past year, the correlation between BIP-UN.TO and XUT.TO has dropped to 0.22 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

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Brookfield Infrastructure Partners L.P

iShares S&P/TSX Capped Utilities Index ETF

Often compared with BIP-UN.TO:
BIP-UN.TO vs. BIPCBIP-UN.TO vs. BEP-UN.TOBIP-UN.TO vs. FTS.TOBIP-UN.TO vs. BIPBIP-UN.TO vs. ATD.TOBIP-UN.TO vs. EIF.TOBIP-UN.TO vs. SPY
Often compared with XUT.TO:
XUT.TO vs. ZUT.TOXUT.TO vs. XEI.TOXUT.TO vs. ZLB.TOXUT.TO vs. XIU.TOXUT.TO vs. XLUXUT.TO vs. UTES.TOXUT.TO vs. VPU

Return for Risk

BIP-UN.TO vs. XUT.TO — 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: 7676
Overall Rank
BIP-UN.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
BIP-UN.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
BIP-UN.TO Omega Ratio Rank: 7373
Omega Ratio Rank
BIP-UN.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
BIP-UN.TO Martin Ratio Rank: 7575
Martin Ratio Rank
XUT.TO
XUT.TO Risk / Return Rank: 8484
Overall Rank
XUT.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XUT.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XUT.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XUT.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
XUT.TO Martin Ratio Rank: 6767
Martin Ratio Rank
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. XUT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners L.P (BIP-UN.TO) and iShares S&P/TSX Capped Utilities Index ETF (XUT.TO). 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.TOXUT.TODifference
Sharpe ratioReturn per unit of total volatility
1.46
2.99

-1.54

Sortino ratioReturn per unit of downside risk
2.07
4.20

-2.13

Omega ratioGain probability vs. loss probability

1.25

1.57

-0.32

Calmar ratioReturn relative to maximum drawdown

2.22

4.78

-2.56

Martin ratioReturn relative to average drawdown

5.00

12.45

-7.45

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-UN.TO vs. XUT.TO - Sharpe Ratio Comparison

The current BIP-UN.TO Sharpe Ratio is 1.46, which is lower than the XUT.TO Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of BIP-UN.TO and XUT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BIP-UN.TOXUT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

2.99

-1.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.63

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.59

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

0.54

+0.32

Drawdowns

BIP-UN.TO vs. XUT.TO - Drawdown Comparison

The maximum BIP-UN.TO drawdown since its inception was -46.93%, which is greater than XUT.TO's maximum drawdown of -37.65%. Use the drawdown chart below to compare losses from any high point for BIP-UN.TO and XUT.TO.

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Drawdown Indicators

BIP-UN.TOXUT.TODifference

Max Drawdown

Largest peak-to-trough decline

-46.93%

-37.65%

-9.28%

Max Drawdown (1Y)

Largest decline over 1 year

-11.91%

-5.00%

-6.91%

Max Drawdown (3Y)

Largest decline over 3 years

-38.89%

-19.77%

-19.12%

Max Drawdown (5Y)

Largest decline over 5 years

-43.43%

-28.54%

-14.89%

Max Drawdown (10Y)

Largest decline over 10 years

-46.93%

-37.65%

-9.28%

Current Drawdown

Current decline from peak

-0.13%

-1.20%

+1.07%

Average Drawdown

Average peak-to-trough decline

-6.12%

-5.70%

-0.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.29%

1.94%

+3.35%

Volatility

BIP-UN.TO vs. XUT.TO - Volatility Comparison

Brookfield Infrastructure Partners L.P (BIP-UN.TO) has a higher volatility of 5.18% compared to iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) at 2.50%. This indicates that BIP-UN.TO's price experiences larger fluctuations and is considered to be riskier than XUT.TO 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.TOXUT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.18%

2.50%

+2.68%

Volatility (6M)

Calculated over the trailing 6-month period

14.17%

6.68%

+7.49%

Volatility (1Y)

Calculated over the trailing 1-year period

18.18%

8.05%

+10.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.56%

12.65%

+11.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.38%

16.09%

+10.29%

Dividends

BIP-UN.TO vs. XUT.TO - Dividend Comparison

BIP-UN.TO's dividend yield for the trailing twelve months is around 6.28%, more than XUT.TO's 3.23% yield.

PositionTTM20252024202320222021202020192018201720162015
BIP-UN.TO
Brookfield Infrastructure Partners L.P		6.28%7.00%6.74%6.91%6.20%4.60%5.85%6.32%7.93%6.14%6.96%7.96%
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		3.23%3.79%4.00%3.90%3.80%2.99%4.51%3.57%4.52%3.57%3.74%4.05%

Frequently Asked Questions

BIP-UN.TO and XUT.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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