BIPC vs. BIP
BIPC (Brookfield Infrastructure Corporation) and BIP (Brookfield Infrastructure Partners LP) are both stocks. Both are in the Utilities sector — BIPC in Utilities - Regulated Gas, BIP in Utilities - Diversified. Over the past year, BIPC returned -3.34% vs 19.37% for BIP. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
BIPC vs. BIP - Performance Comparison
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Returns By Period
In the year-to-date period, BIPC achieves a -14.92% return, which is significantly lower than BIP's 8.95% return.
BIPC
- 1D
- -4.42%
- 1M
- -9.20%
- YTD
- -14.92%
- 6M
- -16.54%
- 1Y
- -3.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIP
- 1D
- -3.51%
- 1M
- -5.60%
- YTD
- 8.95%
- 6M
- 8.27%
- 1Y
- 19.37%
- 3Y*
- 7.17%
- 5Y*
- 5.32%
- 10Y*
- 13.01%
BIPC vs. BIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BIPC Brookfield Infrastructure Corporation | -14.92% | 18.32% | 3.65% |
BIP Brookfield Infrastructure Partners LP | 8.95% | 15.15% | -0.56% |
Correlation
The correlation between BIPC and BIP is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024 | 0.71 |
The correlation between BIPC and BIP has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
Fundamentals
BIPC:
$5.04B
BIP:
$16.67B
BIPC:
-$6.15
BIP:
$0.91
BIPC:
1.28
BIP:
0.70
BIPC:
$3.63B
BIP:
$24.01B
BIPC:
$2.30B
BIP:
$6.49B
BIPC:
$2.59B
BIP:
$11.14B
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Return for Risk
BIPC vs. BIP — Risk / Return Rank
BIPC
BIP
BIPC vs. BIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Corporation (BIPC) and Brookfield Infrastructure Partners LP (BIP). 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.
| BIPC | BIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.18 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.56 | -1.67 |
| Martin ratioReturn relative to average drawdown | -0.30 | 3.37 | -3.67 |
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Drawdowns
BIPC vs. BIP - Drawdown Comparison
The maximum BIPC drawdown since its inception was -29.77%, smaller than the maximum BIP drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for BIPC and BIP.
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Drawdown Indicators
| BIPC | BIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.77% | -56.07% | +26.30% |
Max Drawdown (1Y)Largest decline over 1 year | -29.77% | -12.50% | -17.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.33% | — |
Current DrawdownCurrent decline from peak | -24.26% | -5.86% | -18.40% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -10.24% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.20% | 5.76% | +5.44% |
Volatility
BIPC vs. BIP - Volatility Comparison
Brookfield Infrastructure Corporation (BIPC) has a higher volatility of 6.82% compared to Brookfield Infrastructure Partners LP (BIP) at 5.92%. This indicates that BIPC's price experiences larger fluctuations and is considered to be riskier than BIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIPC | BIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 5.92% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 22.83% | 15.47% | +7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.39% | 19.92% | +8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.67% | 26.74% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 28.05% | +1.62% |
Dividends
BIPC vs. BIP - Dividend Comparison
BIPC's dividend yield for the trailing twelve months is around 4.68%, less than BIP's 6.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP Brookfield Infrastructure Partners LP | 6.99% | 4.95% | 5.10% | 4.86% | 4.65% | 3.35% | 3.92% | 4.02% | 5.44% | 3.88% | 4.62% | 5.59% |
BIPC Brookfield Infrastructure Corporation | 4.68% | 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. BIP - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Infrastructure Corporation and Brookfield Infrastructure Partners LP. 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. BIP - 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%.
BIP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners LP reported a gross profit of 1.70B and revenue of 6.30B. Therefore, the gross margin over that period was 26.9%.
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%.
BIP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners LP reported an operating income of 1.59B and revenue of 6.30B, resulting in an operating margin of 25.2%.
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%.
BIP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners LP reported a net income of -86.00M and revenue of 6.30B, resulting in a net margin of -1.4%.
Frequently Asked Questions
BIPC and BIP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIPC has higher volatility (6.82%) compared to BIP (5.92%). In terms of maximum drawdown, BIPC dropped -29.77% vs BIP's -56.07%.
BIP currently has the higher Sharpe Ratio (0.98 vs -0.12), 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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