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BEP vs. BIPC

Last updated Jun 3, 2023

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


BEPBIPC
YTD Return26.77%23.17%
1Y Return-8.62%1.66%
5Y Return (Ann)19.33%32.09%
10Y Return (Ann)14.39%32.09%
Sharpe Ratio-0.210.12
Daily Std Dev26.65%28.53%
Max Drawdown-46.16%-28.34%

Fundamentals


BEPBIPC
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

0.34
-1.001.00

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.


-15.00%-10.00%-5.00%0.00%5.00%10.00%2023FebruaryMarchAprilMayJune
10.43%
8.60%
BEP
BIPC

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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.


TTM20222021202020192018201720162015201420132012
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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BEP
Brookfield Renewable Partners L.P.
-0.21
BIPC
Brookfield Infrastructure Corporation
0.12

BEP vs. BIPC - Sharpe Ratio Comparison

The current BEP Sharpe Ratio is -0.21, which is lower than the BIPC Sharpe Ratio of 0.12. The chart below compares the 12-month rolling Sharpe Ratio of BEP and BIPC.


-1.00-0.500.000.502023FebruaryMarchAprilMayJune
-0.21
0.12
BEP
BIPC

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


-50.00%-40.00%-30.00%-20.00%-10.00%2023FebruaryMarchAprilMayJune
-30.32%
-6.75%
BEP
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.


5.00%6.00%7.00%8.00%9.00%10.00%2023FebruaryMarchAprilMayJune
8.71%
7.02%
BEP
BIPC