BIP vs. TRP
Compare and contrast key facts about Brookfield Infrastructure Partners LP (BIP) and TC Energy Corporation (TRP).
Performance
BIP vs. TRP - Performance Comparison
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BIP vs. TRP - 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% |
TRP TC Energy Corporation | 14.62% | 24.02% | 39.88% | 6.09% | -7.83% | 20.99% | -19.09% | 56.30% | -22.64% | 13.51% |
Fundamentals
BIP:
$16.62B
TRP:
$65.17B
BIP:
$1.15
TRP:
$3.38
BIP:
31.46
TRP:
18.51
BIP:
0.16
TRP:
0.26
BIP:
0.72
TRP:
4.30
BIP:
3.40
TRP:
2.60
BIP:
$23.10B
TRP:
$15.14B
BIP:
$6.22B
TRP:
$7.55B
BIP:
$11.01B
TRP:
$10.71B
Returns By Period
In the year-to-date period, BIP achieves a 5.17% return, which is significantly lower than TRP's 14.62% return. Over the past 10 years, BIP has outperformed TRP with an annualized return of 13.09%, while TRP has yielded a comparatively lower 12.37% annualized return.
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%
TRP
- 1D
- 0.05%
- 1M
- -2.05%
- YTD
- 14.62%
- 6M
- 17.18%
- 1Y
- 38.37%
- 3Y*
- 28.54%
- 5Y*
- 15.06%
- 10Y*
- 12.37%
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Return for Risk
BIP vs. TRP — Risk / Return Rank
BIP
TRP
BIP vs. TRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners LP (BIP) and TC Energy Corporation (TRP). 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 | TRP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.99 | -0.81 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.72 | -1.02 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | 3.90 | -1.68 |
Martin ratioReturn relative to average drawdown | 5.26 | 10.25 | -4.99 |
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 | TRP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.99 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.70 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.50 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.46 | +0.02 |
Correlation
The correlation between BIP and TRP is 0.38, 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. TRP - Dividend Comparison
BIP's dividend yield for the trailing twelve months is around 4.83%, more than TRP's 3.68% 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% |
TRP TC Energy Corporation | 3.68% | 4.45% | 5.93% | 7.73% | 8.52% | 5.94% | 5.92% | 4.25% | 5.85% | 5.14% | 5.01% | 6.38% |
Drawdowns
BIP vs. TRP - Drawdown Comparison
The maximum BIP drawdown since its inception was -56.07%, smaller than the maximum TRP drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for BIP and TRP.
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Drawdown Indicators
| BIP | TRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -62.52% | +6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -9.65% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -49.85% | -37.05% | -12.80% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -41.64% | -9.69% |
Current DrawdownCurrent decline from peak | -8.97% | -3.13% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -11.77% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 3.68% | +1.61% |
Volatility
BIP vs. TRP - Volatility Comparison
Brookfield Infrastructure Partners LP (BIP) has a higher volatility of 8.57% compared to TC Energy Corporation (TRP) at 2.93%. This indicates that BIP's price experiences larger fluctuations and is considered to be riskier than TRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIP | TRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 2.93% | +5.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 12.54% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 19.38% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 21.65% | +4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 24.81% | +3.17% |
Financials
BIP vs. TRP - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Infrastructure Partners LP and TC Energy 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. TRP - 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%.
TRP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TC Energy Corporation reported a gross profit of 2.02B and revenue of 4.07B. Therefore, the gross margin over that period was 49.7%.
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%.
TRP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TC Energy Corporation reported an operating income of 1.80B and revenue of 4.07B, resulting in an operating margin of 44.2%.
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%.
TRP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TC Energy Corporation reported a net income of 1.01B and revenue of 4.07B, resulting in a net margin of 24.9%.