BIV vs. BIP-UN.TO

Last updated Jun 9, 2026

BIV (Vanguard Intermediate-Term Bond Index ETF) is Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index, while BIP-UN.TO (Brookfield Infrastructure Partners L.P) is a stock. Over the past 10 years, BIV returned 1.83%/yr vs 28.77%/yr for BIP-UN.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

BIV vs. BIP-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Bond Index ETF (BIV) and Brookfield Infrastructure Partners L.P (BIP-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BIV is traded in USD, while BIP-UN.TO is traded in CAD. To make them comparable, the BIP-UN.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BIV achieves a -0.67% return, which is significantly lower than BIP-UN.TO's 13.82% return. Over the past 10 years, BIV has underperformed BIP-UN.TO with an annualized return of 1.83%, while BIP-UN.TO has yielded a comparatively higher 28.77% annualized return.

BIV

• 1D: -0.05%
• 1M: -0.94%
• YTD: -0.67%
• 6M: -0.33%
• 1Y: 4.70%
• 3Y*: 4.27%
• 5Y*: 0.08%
• 10Y*: 1.83%

BIP-UN.TO

• 1D: -0.39%
• 1M: 6.39%
• YTD: 13.82%
• 6M: 12.37%
• 1Y: 20.99%
• 3Y*: 7.00%
• 5Y*: 14.92%
• 10Y*: 28.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BIV vs. BIP-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIV Vanguard Intermediate-Term Bond Index ETF	-0.67%	8.52%	1.57%	6.07%	-13.21%	-2.40%	9.67%	10.34%	-0.19%	3.65%
BIP-UN.TO Brookfield Infrastructure Partners L.P	13.82%	15.30%	6.27%	7.08%	20.25%	27.91%	17.32%	52.53%	-17.94%	42.93%

Correlation

The correlation between BIV and BIP-UN.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Sep 11, 2009	0.03

The correlation between BIV and BIP-UN.TO shifts across timeframes, from 0.03 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BIV vs. BIP-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIV

BIV Risk / Return Rank: 34
BIV Sharpe Ratio Rank: 36
BIV Sortino Ratio Rank: 37
BIV Omega Ratio Rank: 33
BIV Calmar Ratio Rank: 33
BIV Martin Ratio Rank: 32

BIP-UN.TO

BIP-UN.TO Risk / Return Rank: 75
BIP-UN.TO Sharpe Ratio Rank: 79
BIP-UN.TO Sortino Ratio Rank: 74
BIP-UN.TO Omega Ratio Rank: 71
BIP-UN.TO Calmar Ratio Rank: 75
BIP-UN.TO Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIV vs. BIP-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index ETF (BIV) and Brookfield Infrastructure Partners L.P (BIP-UN.TO). 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.

	BIV	BIP-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.15	+0.04
Sortino ratio: Return per unit of downside risk	1.76	1.70	+0.06
Omega ratio: Gain probability vs. loss probability	1.21	1.20	0.00
Calmar ratio: Return relative to maximum drawdown	1.49	1.75	-0.26
Martin ratio: Return relative to average drawdown	4.40	3.79	+0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIV vs. BIP-UN.TO - Sharpe Ratio Comparison

The current BIV Sharpe Ratio is 1.18, which is comparable to the BIP-UN.TO Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of BIV and BIP-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BIV	BIP-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	1.15	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.45	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.74	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.90	-0.26

Drawdowns

BIV vs. BIP-UN.TO - Drawdown Comparison

The maximum BIV drawdown since its inception was -18.95%, smaller than the maximum BIP-UN.TO drawdown of -51.41%. Use the drawdown chart below to compare losses from any high point for BIV and BIP-UN.TO.

Drawdown Indicators

	BIV	BIP-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.95%	-51.41%	+32.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-12.06%	+8.88%
Max Drawdown (3Y) Largest decline over 3 years	-6.07%	-41.17%	+35.10%
Max Drawdown (5Y) Largest decline over 5 years	-18.74%	-47.89%	+29.15%
Max Drawdown (10Y) Largest decline over 10 years	-18.95%	-51.41%	+32.46%
Current Drawdown Current decline from peak	-2.46%	-1.52%	-0.94%
Average Drawdown Average peak-to-trough decline	-3.39%	-7.80%	+4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	5.55%	-4.48%

Volatility

BIV vs. BIP-UN.TO - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Bond Index ETF (BIV) is 1.35%, while Brookfield Infrastructure Partners L.P (BIP-UN.TO) has a volatility of 4.78%. This indicates that BIV experiences smaller price fluctuations and is considered to be less risky than BIP-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIV	BIP-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	4.78%	-3.43%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	14.26%	-11.33%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	18.41%	-14.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.40%	33.34%	-26.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.51%	38.92%	-33.41%

Dividends

BIV vs. BIP-UN.TO - Dividend Comparison

BIV's dividend yield for the trailing twelve months is around 4.24%, less than BIP-UN.TO's 4.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIP-UN.TO Brookfield Infrastructure Partners L.P	4.51%	5.04%	4.85%	5.00%	4.23%	3.97%	5.61%	5.62%	6.65%	5.64%	5.16%	10.13%
BIV Vanguard Intermediate-Term Bond Index ETF	4.24%	4.01%	3.79%	3.09%	2.41%	3.42%	2.95%	2.75%	2.88%	2.69%	3.01%	3.02%

Frequently Asked Questions

Can I hold both BIV and BIP-UN.TO in my portfolio?

BIV and BIP-UN.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.