BIP vs. VEA
BIP (Brookfield Infrastructure Partners L.P.) 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 12.92%/yr vs 10.02%/yr for VEA. At a 0.44 correlation, their price movements are largely independent.
Performance
BIP vs. VEA - Performance Comparison
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Returns By Period
In the year-to-date period, BIP achieves a 17.70% return, which is significantly higher than VEA's 12.88% return. Over the past 10 years, BIP has outperformed VEA with an annualized return of 12.92%, while VEA has yielded a comparatively lower 10.02% annualized return.
BIP
- 1D
- 1.11%
- 1M
- 2.81%
- 6M
- 17.39%
- YTD
- 17.70%
- 1Y
- 29.27%
- 3Y*
- 9.23%
- 5Y*
- 6.62%
- 10Y*
- 12.92%
VEA
- 1D
- -1.12%
- 1M
- -2.66%
- 6M
- 8.56%
- YTD
- 12.88%
- 1Y
- 27.21%
- 3Y*
- 17.68%
- 5Y*
- 9.88%
- 10Y*
- 10.02%
BIP vs. VEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners L.P. | 17.70% | 15.15% | 6.40% | 6.64% | -20.73% | 27.77% | 15.45% | 51.38% | -19.15% | 39.72% |
VEA Vanguard FTSE Developed Markets ETF | 12.88% | 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 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2008 | 0.44 |
The correlation between BIP and VEA shifts across timeframes, from 0.37 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BIP vs. VEA — Risk / Return Rank
BIP
VEA
BIP vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners L.P. (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIP | VEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.35 | +0.05 |
| Martin ratioReturn relative to average drawdown | 6.16 | 8.89 | -2.72 |
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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.
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Drawdown Indicators
| BIP | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -60.68% | +4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -11.63% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -39.90% | -13.45% | -26.45% |
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 DrawdownCurrent decline from peak | 0.00% | -3.26% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -13.22% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 3.07% | +1.69% |
Volatility
BIP vs. VEA - Volatility Comparison
Brookfield Infrastructure Partners L.P. (BIP) has a higher volatility of 6.43% compared to Vanguard FTSE Developed Markets ETF (VEA) at 5.28%. This indicates that BIP's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIP | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 5.28% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 15.12% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.94% | 17.03% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 16.80% | +9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.97% | 17.17% | +10.80% |
Dividends
BIP vs. VEA - Dividend Comparison
BIP's dividend yield for the trailing twelve months is around 6.47%, more than VEA's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners L.P. | 6.47% | 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 | 2.59% | 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
BIP and VEA have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIP has higher volatility (6.43%) compared to VEA (5.28%). In terms of maximum drawdown, BIP dropped -56.07% vs VEA's -60.68%.
VEA currently has the higher Sharpe Ratio (1.61 vs 1.47), 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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