BEP vs. BIPC
Compare and contrast key facts about Brookfield Renewable Partners L.P. (BEP) and Brookfield Infrastructure Corporation (BIPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BEP or BIPC.
Key characteristics
| BEP | BIPC | |
|---|---|---|
| YTD Return | 26.77% | 23.17% |
| 1Y Return | -8.62% | 1.66% |
| 5Y Return (Ann) | 19.33% | 32.09% |
| 10Y Return (Ann) | 14.39% | 32.09% |
| Sharpe Ratio | -0.21 | 0.12 |
| Daily Std Dev | 26.65% | 28.53% |
| Max Drawdown | -46.16% | -28.34% |
Fundamentals
| BEP | BIPC | |
|---|---|---|
| Market Cap | $13.88B | $5.11B |
| EPS | -$0.53 | $10.55 |
| Revenue (TTM) | $4.93B | $1.92B |
| Gross Profit (TTM) | $3.30B | $1.34B |
| EBITDA (TTM) | $3.13B | $1.51B |
Correlation
The correlation between BEP and BIPC is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BEP vs. BIPC - Performance Comparison
In the year-to-date period, BEP achieves a 26.77% return, which is significantly higher than BIPC's 23.17% return. Over the past 10 years, BEP has underperformed BIPC with an annualized return of 14.39%, while BIPC has yielded a comparatively higher 32.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BEP vs. BIPC - Dividend Comparison
BEP's dividend yield for the trailing twelve months is around 6.23%, more than BIPC's 4.68% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 6.23% | 5.17% | 3.61% | 2.94% | 6.92% | 9.30% | 7.01% | 10.91% | 12.51% | 11.31% | 16.35% | 16.89% |
BIPC Brookfield Infrastructure Corporation | 4.68% | 3.76% | 3.13% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BEP vs. BIPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Renewable Partners L.P. (BEP) and Brookfield Infrastructure Corporation (BIPC). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | -0.21 | ||||
BIPC Brookfield Infrastructure Corporation | 0.12 |
BEP vs. BIPC - Drawdown Comparison
The maximum BEP drawdown for the period was -46.16%, lower than the maximum BIPC drawdown of -24.43%. The drawdown chart below compares losses from any high point along the way for BEP and BIPC
BEP vs. BIPC - Volatility Comparison
Brookfield Renewable Partners L.P. (BEP) has a higher volatility of 8.71% compared to Brookfield Infrastructure Corporation (BIPC) at 7.02%. This indicates that BEP's price experiences larger fluctuations and is considered to be riskier than BIPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.