BIP vs. BEP
BIP (Brookfield Infrastructure Partners L.P.) and BEP (Brookfield Renewable Partners L.P.) are both stocks. Both are in the Utilities sector — BIP in Utilities - Diversified, BEP in Utilities - Renewable. Over the past 10 years, BIP returned 12.59%/yr vs 13.01%/yr for BEP. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
BIP vs. BEP - Performance Comparison
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Returns By Period
In the year-to-date period, BIP achieves a 19.17% return, which is significantly lower than BEP's 24.03% return. Both investments have delivered pretty close results over the past 10 years, with BIP having a 12.59% annualized return and BEP not far ahead at 13.01%.
BIP
- 1D
- -0.65%
- 1M
- 6.27%
- 6M
- 12.59%
- YTD
- 19.17%
- 1Y
- 35.65%
- 3Y*
- 12.96%
- 5Y*
- 6.65%
- 10Y*
- 12.59%
- ALL TIME*
- 14.96%
BEP
- 1D
- -1.03%
- 1M
- -3.23%
- 6M
- 11.69%
- YTD
- 24.03%
- 1Y
- 32.34%
- 3Y*
- 12.98%
- 5Y*
- 1.42%
- 10Y*
- 13.01%
- ALL TIME*
- 18.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.18M | $33.77M | $30.05M | |
| $57.31M | $45.08M | $34.19M |
BIP vs. BEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners L.P. | 19.17% | 15.15% | 6.40% | 6.64% | -20.73% | 27.77% | 15.45% | 51.38% | -19.15% | 39.72% |
BEP Brookfield Renewable Partners L.P. | 24.03% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
Correlation
The correlation between BIP and BEP is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2008 | 0.34 |
The correlation between BIP and BEP shifts across timeframes, from 0.30 (1 year) to 0.46 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BIP:
$18.26B
BEP:
$10.01B
BIP:
$0.88
BEP:
$0.49
BIP:
44.95
BEP:
66.59
BIP:
0.23
BEP:
0.48
BIP:
0.73
BEP:
1.52
BIP:
$25.06B
BEP:
$6.34B
BIP:
$6.65B
BEP:
$1.55B
BIP:
$11.44B
BEP:
$4.54B
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Return for Risk
BIP vs. BEP — Risk / Return Rank
BIP
BEP
BIP vs. BEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Renewable Partners L.P. (BEP). 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 | BEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.22 | +0.71 |
| Martin ratioReturn relative to average drawdown | 8.05 | 4.87 | +3.18 |
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Drawdowns
BIP vs. BEP - Drawdown Comparison
The maximum BIP drawdown since its inception was -56.07%, roughly equal to the maximum BEP drawdown of -53.85%. Use the drawdown chart below to compare losses from any high point for BIP and BEP.
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Drawdown Indicators
| BIP | BEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -53.85% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -14.67% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -35.02% | -29.72% | -5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -49.85% | -47.46% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -53.85% | +2.52% |
Current DrawdownCurrent decline from peak | -6.97% | -13.51% | +6.54% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -13.60% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 6.70% | -2.22% |
Volatility
BIP vs. BEP - Volatility Comparison
Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Renewable Partners L.P. (BEP) have volatilities of 7.34% and 7.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIP | BEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 7.69% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | 19.28% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 28.01% | -7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.91% | 31.02% | -4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.00% | 30.04% | -2.04% |
Dividends
BIP vs. BEP - Dividend Comparison
BIP's dividend yield for the trailing twelve months is around 6.39%, more than BEP's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.68% | 5.53% | 6.23% | 5.14% | 5.05% | 4.42% | 2.68% | 4.42% | 7.57% | 5.36% | 5.99% | 6.34% |
BIP Brookfield Infrastructure Partners L.P. | 6.39% | 4.95% | 5.10% | 4.86% | 4.65% | 3.35% | 3.92% | 4.02% | 5.44% | 3.88% | 4.62% | 5.59% |
Financials
BIP vs. BEP - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Infrastructure Partners L.P. and Brookfield Renewable Partners L.P.. 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 vs. BEP - Profitability Comparison
BIP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Brookfield Infrastructure Partners L.P. reported a gross profit of 1.59B and revenue of 6.48B. Therefore, the gross margin over that period was 24.5%.
BEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Brookfield Renewable Partners L.P. reported a gross profit of 353.78M and revenue of 1.66B. Therefore, the gross margin over that period was 21.3%.
BIP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Brookfield Infrastructure Partners L.P. reported an operating income of 1.48B and revenue of 6.48B, resulting in an operating margin of 22.8%.
BEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Brookfield Renewable Partners L.P. reported an operating income of 278.74M and revenue of 1.66B, resulting in an operating margin of 16.8%.
BIP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Brookfield Infrastructure Partners L.P. reported a net income of 62.00M and revenue of 6.48B, resulting in a net margin of 1.0%.
BEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Brookfield Renewable Partners L.P. reported a net income of -101.36M and revenue of 1.66B, resulting in a net margin of -6.1%.
Frequently Asked Questions
BIP and BEP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEP has higher volatility (7.69%) compared to BIP (7.34%). In terms of maximum drawdown, BIP dropped -56.07% vs BEP's -53.85%.
BIP currently has the higher Sharpe Ratio (1.72 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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