BIPC vs. ATO
BIPC (Brookfield Infrastructure Corporation) and ATO (Atmos Energy Corporation) are both stocks. BIPC operates in Asset Management (Financial Services), while ATO operates in Utilities - Regulated Gas (Utilities). Over the past year, BIPC returned 5.81% vs 11.29% for ATO. At a 0.23 correlation, their price movements are largely independent.
Performance
BIPC vs. ATO - Performance Comparison
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Returns By Period
In the year-to-date period, BIPC achieves a -7.13% return, which is significantly lower than ATO's 1.53% return.
BIPC
- 1D
- 0.17%
- 1M
- 12.65%
- YTD
- -7.13%
- 6M
- -10.06%
- 1Y
- 5.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ATO
- 1D
- -0.27%
- 1M
- -9.86%
- YTD
- 1.53%
- 6M
- -0.56%
- 1Y
- 11.29%
- 3Y*
- 16.50%
- 5Y*
- 13.60%
- 10Y*
- 11.05%
BIPC vs. ATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BIPC Brookfield Infrastructure Corporation | -7.13% | 18.32% | 4.74% |
ATO Atmos Energy Corporation | 1.53% | 23.07% | -0.06% |
Correlation
The correlation between BIPC and ATO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2024 | 0.23 |
Fundamentals
BIPC:
$5.50B
ATO:
$28.24B
BIPC:
-$6.15
ATO:
$8.23
BIPC:
1.40
ATO:
5.64
BIPC:
$3.63B
ATO:
$4.88B
BIPC:
$2.30B
ATO:
$1.61B
BIPC:
$2.59B
ATO:
$2.57B
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Return for Risk
BIPC vs. ATO — Risk / Return Rank
BIPC
ATO
BIPC vs. ATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Corporation (BIPC) and Atmos Energy Corporation (ATO). 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 | ATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.90 | -0.70 |
| Martin ratioReturn relative to average drawdown | 0.56 | 3.06 | -2.50 |
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
| BIPC | ATO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 0.73 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.52 | -0.17 |
Drawdowns
BIPC vs. ATO - Drawdown Comparison
The maximum BIPC drawdown since its inception was -29.77%, smaller than the maximum ATO drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for BIPC and ATO.
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Drawdown Indicators
| BIPC | ATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.77% | -51.94% | +22.17% |
Max Drawdown (1Y)Largest decline over 1 year | -29.77% | -12.58% | -17.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.91% | — |
Current DrawdownCurrent decline from peak | -17.32% | -11.98% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -8.56% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.38% | 3.70% | +6.68% |
Volatility
BIPC vs. ATO - Volatility Comparison
Brookfield Infrastructure Corporation (BIPC) has a higher volatility of 6.92% compared to Atmos Energy Corporation (ATO) at 4.88%. This indicates that BIPC's price experiences larger fluctuations and is considered to be riskier than ATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIPC | ATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 4.88% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 22.44% | 11.33% | +11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.93% | 15.45% | +12.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.72% | 18.57% | +11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.72% | 21.24% | +8.48% |
Dividends
BIPC vs. ATO - Dividend Comparison
BIPC's dividend yield for the trailing twelve months is around 4.28%, more than ATO's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATO Atmos Energy Corporation | 2.30% | 2.15% | 2.36% | 2.61% | 2.48% | 2.44% | 2.46% | 1.92% | 2.14% | 2.14% | 2.31% | 2.52% |
BIPC Brookfield Infrastructure Corporation | 4.28% | 3.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BIPC vs. ATO - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Infrastructure Corporation and Atmos 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
BIPC vs. ATO - Profitability Comparison
BIPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Corporation reported a gross profit of 531.53M and revenue of 871.76M. Therefore, the gross margin over that period was 61.0%.
ATO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported a gross profit of 0.00 and revenue of 1.96B. Therefore, the gross margin over that period was 0.0%.
BIPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Corporation reported an operating income of 510.82M and revenue of 871.76M, resulting in an operating margin of 58.6%.
ATO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported an operating income of 764.80M and revenue of 1.96B, resulting in an operating margin of 39.0%.
BIPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Corporation reported a net income of -110.45M and revenue of 871.76M, resulting in a net margin of -12.7%.
ATO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Atmos Energy Corporation reported a net income of 581.90M and revenue of 1.96B, resulting in a net margin of 29.7%.
Frequently Asked Questions
BIPC and ATO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIPC has higher volatility (6.92%) compared to ATO (4.88%). In terms of maximum drawdown, BIPC dropped -29.77% vs ATO's -51.94%.
ATO currently has the higher Sharpe Ratio (0.73 vs 0.21), 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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