BIP vs. CVX
BIP (Brookfield Infrastructure Partners LP) and CVX (Chevron Corporation) are both stocks. BIP operates in Utilities - Diversified (Utilities), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, BIP returned 13.00%/yr vs 10.98%/yr for CVX. At a 0.32 correlation, their price movements are largely independent.
Performance
BIP vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, BIP achieves a 13.90% return, which is significantly lower than CVX's 26.53% return. Over the past 10 years, BIP has outperformed CVX with an annualized return of 13.00%, while CVX has yielded a comparatively lower 10.98% annualized return.
BIP
- 1D
- -0.34%
- 1M
- 6.39%
- YTD
- 13.90%
- 6M
- 12.38%
- 1Y
- 21.14%
- 3Y*
- 6.90%
- 5Y*
- 5.72%
- 10Y*
- 13.00%
CVX
- 1D
- 1.03%
- 1M
- 5.15%
- YTD
- 26.53%
- 6M
- 29.68%
- 1Y
- 40.62%
- 3Y*
- 10.57%
- 5Y*
- 16.60%
- 10Y*
- 10.98%
BIP vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners LP | 13.90% | 15.15% | 6.40% | 6.64% | -20.73% | 27.77% | 15.45% | 51.38% | -19.15% | 39.72% |
CVX Chevron Corporation | 26.53% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between BIP and CVX is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2008 | 0.32 |
The correlation between BIP and CVX shifts across timeframes, from -0.02 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BIP:
$17.78B
CVX:
$375.81B
BIP:
$0.91
CVX:
$5.75
BIP:
42.69
CVX:
32.89
BIP:
0.22
CVX:
3.20
BIP:
0.74
CVX:
1.95
BIP:
3.85
CVX:
2.05
BIP:
$24.01B
CVX:
$185.89B
BIP:
$6.49B
CVX:
$47.27B
BIP:
$11.14B
CVX:
$40.44B
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Return for Risk
BIP vs. CVX — Risk / Return Rank
BIP
CVX
BIP vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners LP (BIP) and Chevron Corporation (CVX). 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 | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.92 | -1.22 |
| Martin ratioReturn relative to average drawdown | 3.68 | 7.37 | -3.69 |
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 | CVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.86 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.66 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.38 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.38 | +0.12 |
Drawdowns
BIP vs. CVX - Drawdown Comparison
The maximum BIP drawdown since its inception was -56.07%, roughly equal to the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for BIP and CVX.
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Drawdown Indicators
| BIP | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -55.77% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -13.99% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -41.53% | -20.64% | -20.89% |
Max Drawdown (5Y)Largest decline over 5 years | -49.85% | -24.95% | -24.90% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -55.77% | +4.44% |
Current DrawdownCurrent decline from peak | -1.59% | -9.56% | +7.97% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -11.39% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 5.53% | +0.23% |
Volatility
BIP vs. CVX - Volatility Comparison
The current volatility for Brookfield Infrastructure Partners LP (BIP) is 5.18%, while Chevron Corporation (CVX) has a volatility of 7.14%. This indicates that BIP experiences smaller price fluctuations and is considered to be less risky than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIP | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 7.14% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.04% | 17.78% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 21.97% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.66% | 25.13% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.02% | 29.16% | -1.14% |
Dividends
BIP vs. CVX - Dividend Comparison
BIP's dividend yield for the trailing twelve months is around 4.58%, more than CVX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners LP | 4.58% | 4.95% | 5.10% | 4.86% | 4.65% | 3.35% | 3.92% | 4.02% | 5.44% | 3.88% | 4.62% | 5.59% |
CVX Chevron Corporation | 3.69% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
Financials
BIP vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Infrastructure Partners LP and Chevron Corporation. 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. CVX - Profitability Comparison
BIP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners LP reported a gross profit of 1.70B and revenue of 6.30B. Therefore, the gross margin over that period was 26.9%.
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a gross profit of 4.55B and revenue of 47.56B. Therefore, the gross margin over that period was 9.6%.
BIP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners LP reported an operating income of 1.59B and revenue of 6.30B, resulting in an operating margin of 25.2%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported an operating income of 3.24B and revenue of 47.56B, resulting in an operating margin of 6.8%.
BIP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners LP reported a net income of -86.00M and revenue of 6.30B, resulting in a net margin of -1.4%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a net income of 2.21B and revenue of 47.56B, resulting in a net margin of 4.7%.
Frequently Asked Questions
BIP and CVX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (7.14%) compared to BIP (5.18%). In terms of maximum drawdown, BIP dropped -56.07% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.86 vs 1.08), 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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