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BIPC.TO vs. XBM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIPC.TO vs. XBM.TO

Last updated Jun 4, 2026

BIPC.TO (Brookfield Infrastructure Corporation) is a stock, while XBM.TO (iShares S&P/TSX Global Base Metals Index ETF) is Energy Equities fund tracking the Morningstar Can Natural Resource NR CAD. Over the past 5 years, BIPC.TO returned 3.48%/yr vs 19.70%/yr for XBM.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

BIPC.TO vs. XBM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brookfield Infrastructure Corporation (BIPC.TO) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BIPC.TO achieves a -6.05% return, which is significantly lower than XBM.TO's 38.48% return.

BIPC.TO

1D
0.53%
1M
14.91%
YTD
-6.05%
6M
-10.55%
1Y
7.09%
3Y*
1.00%
5Y*
3.48%
10Y*
—

XBM.TO

1D
-3.17%
1M
21.23%
YTD
38.48%
6M
46.72%
1Y
119.30%
3Y*
29.93%
5Y*
19.70%
10Y*
20.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BIPC.TO vs. XBM.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
BIPC.TO
Brookfield Infrastructure Corporation		-6.05%12.64%28.84%-7.81%-5.61%-3.30%92.29%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		38.48%50.69%5.96%2.84%3.69%32.04%113.10%

Correlation

The correlation between BIPC.TO and XBM.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Apr 1, 2020

0.28

Compare stocks, funds, or ETFs

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Brookfield Infrastructure Corporation

iShares S&P/TSX Global Base Metals Index ETF

Often compared with BIPC.TO:
BIPC.TO vs. BAMBIPC.TO vs. FTSBIPC.TO vs. PWI.TOBIPC.TO vs. BCE.TOBIPC.TO vs. BEPC.TOBIPC.TO vs. ^GSPCBIPC.TO vs. SPY
Often compared with XBM.TO:
XBM.TO vs. XMEXBM.TO vs. ZMT.TOXBM.TO vs. XEG.TOXBM.TO vs. XETM.TOXBM.TO vs. GDXXBM.TO vs. VDEXBM.TO vs. XMA.TO

Return for Risk

BIPC.TO vs. XBM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BIPC.TO
BIPC.TO Risk / Return Rank: 4646
Overall Rank
BIPC.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
BIPC.TO Sortino Ratio Rank: 4242
Sortino Ratio Rank
BIPC.TO Omega Ratio Rank: 4242
Omega Ratio Rank
BIPC.TO Calmar Ratio Rank: 4646
Calmar Ratio Rank
BIPC.TO Martin Ratio Rank: 4949
Martin Ratio Rank
XBM.TO
XBM.TO Risk / Return Rank: 8585
Overall Rank
XBM.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XBM.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XBM.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XBM.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XBM.TO Martin Ratio Rank: 8888
Martin Ratio Rank
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.

BIPC.TO vs. XBM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Corporation (BIPC.TO) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO). 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.

BIPC.TOXBM.TODifference
Sharpe ratioReturn per unit of total volatility
0.26
3.37

-3.11

Sortino ratioReturn per unit of downside risk
0.51
3.67

-3.15

Omega ratioGain probability vs. loss probability

1.07

1.49

-0.42

Calmar ratioReturn relative to maximum drawdown

0.24

5.02

-4.78

Martin ratioReturn relative to average drawdown

0.73

19.44

-18.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIPC.TO vs. XBM.TO - Sharpe Ratio Comparison

The current BIPC.TO Sharpe Ratio is 0.26, which is lower than the XBM.TO Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of BIPC.TO and XBM.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BIPC.TOXBM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.26

3.37

-3.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.60

-0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.62

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.25

+0.23

Drawdowns

BIPC.TO vs. XBM.TO - Drawdown Comparison

The maximum BIPC.TO drawdown since its inception was -43.93%, smaller than the maximum XBM.TO drawdown of -67.40%. Use the drawdown chart below to compare losses from any high point for BIPC.TO and XBM.TO.

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Drawdown Indicators

BIPC.TOXBM.TODifference

Max Drawdown

Largest peak-to-trough decline

-43.93%

-67.40%

+23.47%

Max Drawdown (1Y)

Largest decline over 1 year

-29.22%

-23.88%

-5.34%

Max Drawdown (3Y)

Largest decline over 3 years

-43.73%

-37.45%

-6.28%

Max Drawdown (5Y)

Largest decline over 5 years

-43.93%

-40.57%

-3.36%

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.24%

—

Current Drawdown

Current decline from peak

-15.40%

-3.17%

-12.23%

Average Drawdown

Average peak-to-trough decline

-11.81%

-25.80%

+13.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.67%

6.16%

+3.51%

Volatility

BIPC.TO vs. XBM.TO - Volatility Comparison

The current volatility for Brookfield Infrastructure Corporation (BIPC.TO) is 7.04%, while iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) has a volatility of 13.03%. This indicates that BIPC.TO experiences smaller price fluctuations and is considered to be less risky than XBM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BIPC.TOXBM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.04%

13.03%

-5.99%

Volatility (6M)

Calculated over the trailing 6-month period

22.00%

29.68%

-7.68%

Volatility (1Y)

Calculated over the trailing 1-year period

27.32%

35.62%

-8.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.37%

33.06%

-5.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.93%

32.66%

-3.73%

Dividends

BIPC.TO vs. XBM.TO - Dividend Comparison

BIPC.TO's dividend yield for the trailing twelve months is around 4.26%, more than XBM.TO's 0.62% yield.

PositionTTM20252024202320222021202020192018201720162015
BIPC.TO
Brookfield Infrastructure Corporation		4.26%3.87%3.84%4.38%3.62%2.99%2.09%0.00%0.00%0.00%0.00%0.00%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		0.62%0.86%1.25%2.09%4.83%3.01%1.81%3.71%3.43%1.63%2.42%5.70%

Frequently Asked Questions

BIPC.TO and XBM.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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