BIP vs. XLU
BIP (Brookfield Infrastructure Partners L.P.) is a stock, while XLU (State Street Utilities Select Sector SPDR ETF) is Utilities Equities fund tracking the Utilities Select Sector Index. Over the past 10 years, BIP returned 13.71%/yr vs 8.92%/yr for XLU. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
BIP vs. XLU - Performance Comparison
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Returns By Period
In the year-to-date period, BIP achieves a 25.51% return, which is significantly higher than XLU's 5.28% return. Over the past 10 years, BIP has outperformed XLU with an annualized return of 13.71%, while XLU has yielded a comparatively lower 8.92% annualized return.
BIP
- 1D
- -1.49%
- 1M
- 12.83%
- 6M
- 20.62%
- YTD
- 25.51%
- 1Y
- 43.65%
- 3Y*
- 12.49%
- 5Y*
- 8.28%
- 10Y*
- 13.71%
- ALL TIME*
- 15.30%
XLU
- 1D
- -0.69%
- 1M
- -3.08%
- 6M
- 3.92%
- YTD
- 5.28%
- 1Y
- 6.26%
- 3Y*
- 13.58%
- 5Y*
- 9.34%
- 10Y*
- 8.92%
- ALL TIME*
- 7.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $61.30M | $44.61M | $33.88M | |
| $827.32M | $819.54M | $911.53M |
BIP vs. XLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners L.P. | 25.51% | 15.15% | 6.40% | 6.64% | -20.73% | 27.77% | 15.45% | 51.38% | -19.15% | 39.72% |
XLU State Street Utilities Select Sector SPDR ETF | 5.28% | 16.03% | 23.31% | -7.18% | 1.44% | 17.70% | 0.51% | 25.93% | 3.94% | 12.05% |
Correlation
The correlation between BIP and XLU is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2008 | 0.33 |
Over the past year, the correlation between BIP and XLU has dropped to 0.13 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
BIP vs. XLU — Risk / Return Rank
BIP
XLU
BIP vs. XLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Partners L.P. (BIP) and State Street Utilities Select Sector SPDR ETF (XLU). 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 | XLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.08 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 0.70 | +2.86 |
| Martin ratioReturn relative to average drawdown | 9.74 | 1.44 | +8.30 |
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Drawdowns
BIP vs. XLU - Drawdown Comparison
The maximum BIP drawdown since its inception was -56.07%, which is greater than XLU's maximum drawdown of -51.98%. Use the drawdown chart below to compare losses from any high point for BIP and XLU.
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Drawdown Indicators
| BIP | XLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -51.98% | -4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -9.18% | -3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -35.02% | -13.15% | -21.87% |
Max Drawdown (5Y)Largest decline over 5 years | -49.85% | -25.26% | -24.59% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -36.07% | -15.26% |
Current DrawdownCurrent decline from peak | -2.02% | -5.83% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -10.19% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 4.48% | -0.01% |
Volatility
BIP vs. XLU - Volatility Comparison
Brookfield Infrastructure Partners L.P. (BIP) has a higher volatility of 6.12% compared to State Street Utilities Select Sector SPDR ETF (XLU) at 4.59%. This indicates that BIP's price experiences larger fluctuations and is considered to be riskier than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIP | XLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 4.59% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 12.01% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.46% | 15.00% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.84% | 17.34% | +9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 19.30% | +8.68% |
Dividends
BIP vs. XLU - Dividend Comparison
BIP's dividend yield for the trailing twelve months is around 6.07%, more than XLU's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners L.P. | 6.07% | 4.95% | 5.10% | 4.86% | 4.65% | 3.35% | 3.92% | 4.02% | 5.44% | 3.88% | 4.62% | 5.59% |
XLU State Street Utilities Select Sector SPDR ETF | 2.70% | 2.71% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.41% | 3.67% |
Frequently Asked Questions
BIP and XLU have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIP has higher volatility (6.12%) compared to XLU (4.59%). In terms of maximum drawdown, BIP dropped -56.07% vs XLU's -51.98%.
BIP currently has the higher Sharpe Ratio (2.13 vs 0.43), 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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