BIP vs. FENY
BIP (Brookfield Infrastructure Partners LP) is a stock, while FENY (Fidelity MSCI Energy Index ETF) is Energy Equities fund tracking the MSCI USA IMI Energy Index. Over the past 10 years, BIP returned 13.56%/yr vs 9.57%/yr for FENY. At a 0.35 correlation, their price movements are largely independent.
Performance
BIP vs. FENY - Performance Comparison
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Returns By Period
In the year-to-date period, BIP achieves a 14.34% return, which is significantly lower than FENY's 32.28% return. Over the past 10 years, BIP has outperformed FENY with an annualized return of 13.56%, while FENY has yielded a comparatively lower 9.57% annualized return.
BIP
- 1D
- 0.03%
- 1M
- 9.91%
- YTD
- 14.34%
- 6M
- 9.10%
- 1Y
- 22.23%
- 3Y*
- 7.19%
- 5Y*
- 5.71%
- 10Y*
- 13.56%
FENY
- 1D
- 1.12%
- 1M
- -2.02%
- YTD
- 32.28%
- 6M
- 29.37%
- 1Y
- 45.42%
- 3Y*
- 17.98%
- 5Y*
- 20.48%
- 10Y*
- 9.57%
BIP vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners LP | 14.34% | 15.15% | 6.40% | 6.64% | -20.73% | 27.77% | 15.45% | 51.38% | -19.15% | 39.72% |
FENY Fidelity MSCI Energy Index ETF | 32.28% | 7.27% | 6.62% | -0.04% | 62.94% | 55.62% | -33.15% | 9.11% | -19.99% | -2.30% |
Correlation
The correlation between BIP and FENY is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013 | 0.35 |
Over the past year, the correlation between BIP and FENY has dropped to 0.06 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
BIP vs. FENY — Risk / Return Rank
BIP
FENY
BIP vs. FENY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners LP (BIP) and Fidelity MSCI Energy Index ETF (FENY). 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 | FENY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.36 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.87 | -2.09 |
| Martin ratioReturn relative to average drawdown | 3.87 | 11.41 | -7.54 |
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 | FENY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 2.24 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.78 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.32 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.20 | +0.30 |
Drawdowns
BIP vs. FENY - Drawdown Comparison
The maximum BIP drawdown since its inception was -56.07%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for BIP and FENY.
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Drawdown Indicators
| BIP | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -74.35% | +18.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -11.78% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -41.53% | -21.47% | -20.06% |
Max Drawdown (5Y)Largest decline over 5 years | -49.85% | -26.64% | -23.21% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -69.07% | +17.74% |
Current DrawdownCurrent decline from peak | -1.20% | -6.35% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -23.12% | +12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 3.99% | +1.76% |
Volatility
BIP vs. FENY - Volatility Comparison
The current volatility for Brookfield Infrastructure Partners LP (BIP) is 5.60%, while Fidelity MSCI Energy Index ETF (FENY) has a volatility of 7.96%. This indicates that BIP experiences smaller price fluctuations and is considered to be less risky than FENY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIP | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 7.96% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 16.33% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 20.39% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.67% | 26.46% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.03% | 29.80% | -1.77% |
Dividends
BIP vs. FENY - Dividend Comparison
BIP's dividend yield for the trailing twelve months is around 4.56%, more than FENY's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners LP | 4.56% | 4.95% | 5.10% | 4.86% | 4.65% | 3.35% | 3.92% | 4.02% | 5.44% | 3.88% | 4.62% | 5.59% |
FENY Fidelity MSCI Energy Index ETF | 2.41% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
Frequently Asked Questions
BIP and FENY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FENY has higher volatility (7.96%) compared to BIP (5.60%). In terms of maximum drawdown, BIP dropped -56.07% vs FENY's -74.35%.
FENY currently has the higher Sharpe Ratio (2.24 vs 1.14), 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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