BIP vs. VEA

Last updated Jun 4, 2026

BIP (Brookfield Infrastructure Partners LP) is a stock, while VEA (Vanguard FTSE Developed Markets ETF) is Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Over the past 10 years, BIP returned 13.56%/yr vs 10.17%/yr for VEA. At a 0.44 correlation, their price movements are largely independent.

Performance

BIP vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Infrastructure Partners LP (BIP) and Vanguard FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BIP having a 14.34% return and VEA slightly higher at 14.92%. Over the past 10 years, BIP has outperformed VEA with an annualized return of 13.56%, while VEA has yielded a comparatively lower 10.17% 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%

VEA

• 1D: -0.90%
• 1M: 5.54%
• YTD: 14.92%
• 6M: 18.15%
• 1Y: 32.48%
• 3Y*: 19.77%
• 5Y*: 9.60%
• 10Y*: 10.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BIP vs. VEA - 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%
VEA Vanguard FTSE Developed Markets ETF	14.92%	35.16%	3.15%	17.93%	-15.34%	11.66%	9.71%	22.62%	-14.75%	26.42%

Correlation

The correlation between BIP and VEA is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 23, 2008	0.44

The correlation between BIP and VEA shifts across timeframes, from 0.42 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BIP vs. VEA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIP

BIP Risk / Return Rank: 70
BIP Sharpe Ratio Rank: 74
BIP Sortino Ratio Rank: 69
BIP Omega Ratio Rank: 65
BIP Calmar Ratio Rank: 72
BIP Martin Ratio Rank: 70

VEA

VEA Risk / Return Rank: 59
VEA Sharpe Ratio Rank: 60
VEA Sortino Ratio Rank: 60
VEA Omega Ratio Rank: 60
VEA Calmar Ratio Rank: 55
VEA Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIP vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners LP (BIP) and Vanguard FTSE Developed Markets ETF (VEA). 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	VEA	Difference
Sharpe ratio: Return per unit of total volatility	1.14	2.09	-0.95
Sortino ratio: Return per unit of downside risk	1.69	2.87	-1.18
Omega ratio: Gain probability vs. loss probability	1.20	1.38	-0.17
Calmar ratio: Return relative to maximum drawdown	1.79	2.81	-1.02
Martin ratio: Return relative to average drawdown	3.87	10.94	-7.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIP vs. VEA - Sharpe Ratio Comparison

The current BIP Sharpe Ratio is 1.14, which is lower than the VEA Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of BIP and VEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BIP	VEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	2.09	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.58	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.59	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.25	+0.25

Drawdowns

BIP vs. VEA - Drawdown Comparison

The maximum BIP drawdown since its inception was -56.07%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for BIP and VEA.

Drawdown Indicators

	BIP	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-56.07%	-60.68%	+4.61%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-11.63%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-41.53%	-13.45%	-28.08%
Max Drawdown (5Y) Largest decline over 5 years	-49.85%	-29.71%	-20.14%
Max Drawdown (10Y) Largest decline over 10 years	-51.33%	-35.73%	-15.60%
Current Drawdown Current decline from peak	-1.20%	-0.90%	-0.30%
Average Drawdown Average peak-to-trough decline	-10.26%	-13.29%	+3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	2.98%	+2.77%

Volatility

BIP vs. VEA - Volatility Comparison

Brookfield Infrastructure Partners LP (BIP) and Vanguard FTSE Developed Markets ETF (VEA) have volatilities of 5.60% and 5.66%, 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.

Volatility by Period

	BIP	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	5.66%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	15.18%	13.32%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	19.60%	15.66%	+3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.67%	16.55%	+10.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.03%	17.36%	+10.67%

Dividends

BIP vs. VEA - Dividend Comparison

BIP's dividend yield for the trailing twelve months is around 4.56%, more than VEA's 2.62% 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%
VEA Vanguard FTSE Developed Markets ETF	2.62%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

Frequently Asked Questions

Can I hold both BIP and VEA in my portfolio?

BIP and VEA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIP or VEA?

VEA has higher volatility (5.66%) compared to BIP (5.60%). In terms of maximum drawdown, BIP dropped -56.07% vs VEA's -60.68%.

Which has better risk-adjusted returns?

VEA currently has the higher Sharpe Ratio (2.09 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.