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BIPC vs. PAVE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BIPCPAVE
YTD Return3.40%15.53%
1Y Return-17.01%43.91%
3Y Return (Ann)-7.19%18.12%
Sharpe Ratio-0.462.67
Daily Std Dev34.12%17.17%
Max Drawdown-48.51%-44.08%
Current Drawdown-26.20%0.00%

Correlation

0.46
-1.001.00

The correlation between BIPC and PAVE is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

BIPC vs. PAVE - Performance Comparison

In the year-to-date period, BIPC achieves a 3.40% return, which is significantly lower than PAVE's 15.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


50.00%100.00%150.00%200.00%OctoberNovemberDecember2024FebruaryMarch
91.26%
231.98%
BIPC
PAVE

Compare stocks, funds, or ETFs


Brookfield Infrastructure Corporation

Global X US Infrastructure Development ETF

Risk-Adjusted Performance

BIPC vs. PAVE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Corporation (BIPC) and Global X US Infrastructure Development ETF (PAVE). 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
BIPC
Brookfield Infrastructure Corporation
-0.46
PAVE
Global X US Infrastructure Development ETF
2.67

BIPC vs. PAVE - Sharpe Ratio Comparison

The current BIPC Sharpe Ratio is -0.46, which is lower than the PAVE Sharpe Ratio of 2.67. The chart below compares the 12-month rolling Sharpe Ratio of BIPC and PAVE.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
-0.46
2.67
BIPC
PAVE

Dividends

BIPC vs. PAVE - Dividend Comparison

BIPC's dividend yield for the trailing twelve months is around 4.31%, more than PAVE's 0.59% yield.


TTM2023202220212020201920182017
BIPC
Brookfield Infrastructure Corporation
4.31%4.34%3.70%2.99%2.01%0.00%0.00%0.00%
PAVE
Global X US Infrastructure Development ETF
0.59%0.68%0.84%0.48%0.44%0.67%0.78%0.30%

Drawdowns

BIPC vs. PAVE - Drawdown Comparison

The maximum BIPC drawdown since its inception was -48.51%, which is greater than PAVE's maximum drawdown of -44.08%. The drawdown chart below compares losses from any high point along the way for BIPC and PAVE


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-26.20%
0
BIPC
PAVE

Volatility

BIPC vs. PAVE - Volatility Comparison

Brookfield Infrastructure Corporation (BIPC) has a higher volatility of 7.27% compared to Global X US Infrastructure Development ETF (PAVE) at 3.38%. This indicates that BIPC's price experiences larger fluctuations and is considered to be riskier than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%OctoberNovemberDecember2024FebruaryMarch
7.27%
3.38%
BIPC
PAVE