BIP vs. BEP
Compare and contrast key facts about Brookfield Infrastructure Partners LP (BIP) and Brookfield Renewable Partners L.P. (BEP).
Performance
BIP vs. BEP - Performance Comparison
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BIP vs. BEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners LP | 5.17% | 15.15% | 6.40% | 6.64% | -20.73% | 27.77% | 15.45% | 51.38% | -19.15% | 39.72% |
BEP Brookfield Renewable Partners L.P. | 22.51% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
Fundamentals
BIP:
$16.62B
BEP:
$9.37B
BIP:
$1.15
BEP:
$0.74
BIP:
31.46
BEP:
43.96
BIP:
0.16
BEP:
0.32
BIP:
0.72
BEP:
1.45
BIP:
3.40
BEP:
2.36
BIP:
$23.10B
BEP:
$6.43B
BIP:
$6.22B
BEP:
$2.88B
BIP:
$11.01B
BEP:
$5.03B
Returns By Period
In the year-to-date period, BIP achieves a 5.17% return, which is significantly lower than BEP's 22.51% return. Both investments have delivered pretty close results over the past 10 years, with BIP having a 13.09% annualized return and BEP not far behind at 13.03%.
BIP
- 1D
- 2.58%
- 1M
- -7.48%
- YTD
- 5.17%
- 6M
- 12.42%
- 1Y
- 27.48%
- 3Y*
- 7.63%
- 5Y*
- 4.61%
- 10Y*
- 13.09%
BEP
- 1D
- 2.80%
- 1M
- 2.71%
- YTD
- 22.51%
- 6M
- 29.83%
- 1Y
- 55.72%
- 3Y*
- 6.93%
- 5Y*
- -0.43%
- 10Y*
- 13.03%
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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 LP (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.
| BIP | BEP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.80 | -0.63 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.47 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | 3.86 | -1.64 |
Martin ratioReturn relative to average drawdown | 5.26 | 8.80 | -3.55 |
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 | BEP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.80 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.01 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.44 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.53 | -0.05 |
Correlation
The correlation between BIP and BEP is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BIP vs. BEP - Dividend Comparison
BIP's dividend yield for the trailing twelve months is around 4.83%, more than BEP's 4.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners LP | 4.83% | 4.95% | 5.10% | 4.86% | 4.65% | 3.35% | 3.92% | 4.02% | 5.44% | 3.88% | 4.62% | 5.59% |
BEP Brookfield Renewable Partners L.P. | 4.63% | 5.53% | 6.23% | 5.14% | 5.05% | 4.42% | 2.68% | 4.42% | 7.57% | 5.36% | 5.99% | 6.34% |
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 | -12.50% | -14.25% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -49.85% | -48.29% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -53.85% | +2.52% |
Current DrawdownCurrent decline from peak | -8.97% | -14.58% | +5.61% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -13.66% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 6.26% | -0.97% |
Volatility
BIP vs. BEP - Volatility Comparison
Brookfield Infrastructure Partners LP (BIP) has a higher volatility of 8.57% compared to Brookfield Renewable Partners L.P. (BEP) at 7.73%. This indicates that BIP's price experiences larger fluctuations and is considered to be riskier than BEP based on this measure. 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 | 8.57% | 7.73% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 21.02% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 31.03% | -7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 30.84% | -4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 29.77% | -1.79% |
Financials
BIP vs. BEP - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Infrastructure Partners LP 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 Apr 2026, Brookfield Infrastructure Partners LP reported a gross profit of 1.80B and revenue of 6.30B. Therefore, the gross margin over that period was 28.6%.
BEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Brookfield Renewable Partners L.P. reported a gross profit of 110.68M and revenue of 1.56B. Therefore, the gross margin over that period was 7.1%.
BIP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Brookfield Infrastructure Partners LP reported an operating income of 1.69B and revenue of 6.30B, resulting in an operating margin of 26.8%.
BEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Brookfield Renewable Partners L.P. reported an operating income of 48.74M and revenue of 1.56B, resulting in an operating margin of 3.1%.
BIP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Brookfield Infrastructure Partners LP reported a net income of 219.00M and revenue of 6.30B, resulting in a net margin of 3.5%.
BEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Brookfield Renewable Partners L.P. reported a net income of 416.30M and revenue of 1.56B, resulting in a net margin of 26.6%.