BN.TO vs. BIP-UN.TO
BN.TO (Brookfield Corporation) and BIP-UN.TO (Brookfield Infrastructure Partners L.P) are both stocks. BN.TO operates in Asset Management (Financial Services), while BIP-UN.TO operates in Utilities - Diversified (Utilities). Over the past 10 years, BN.TO returned 30.86%/yr vs 30.11%/yr for BIP-UN.TO. At a 0.36 correlation, their price movements are largely independent.
Performance
BN.TO vs. BIP-UN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BN.TO achieves a 0.47% return, which is significantly lower than BIP-UN.TO's 14.93% return. Both investments have delivered pretty close results over the past 10 years, with BN.TO having a 30.86% annualized return and BIP-UN.TO not far behind at 30.11%.
BN.TO
- 1D
- 0.62%
- 1M
- 0.83%
- YTD
- 0.47%
- 6M
- 0.84%
- 1Y
- 82.01%
- 3Y*
- 49.71%
- 5Y*
- 31.01%
- 10Y*
- 30.86%
BIP-UN.TO
- 1D
- -0.07%
- 1M
- 3.74%
- YTD
- 14.93%
- 6M
- 14.64%
- 1Y
- 25.40%
- 3Y*
- 8.28%
- 5Y*
- 18.36%
- 10Y*
- 30.11%
BN.TO vs. BIP-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BN.TO Brookfield Corporation | 0.47% | 73.06% | 57.07% | 27.06% | -12.87% | 47.98% | 62.13% | 48.67% | -0.53% | 29.78% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 14.93% | 10.04% | 15.27% | 4.54% | 27.87% | 27.84% | 14.53% | 46.25% | -11.04% | 33.26% |
Correlation
The correlation between BN.TO and BIP-UN.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009 | 0.36 |
The correlation between BN.TO and BIP-UN.TO shifts across timeframes, from 0.33 (1 year) to 0.51 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BN.TO:
CA$145.56B
BIP-UN.TO:
CA$24.64B
BN.TO:
$0.63
BIP-UN.TO:
$0.91
BN.TO:
72.25
BIP-UN.TO:
42.33
BN.TO:
1.27
BIP-UN.TO:
0.74
BN.TO:
2.44
BIP-UN.TO:
3.82
BN.TO:
$76.56B
BIP-UN.TO:
$24.01B
BN.TO:
$18.76B
BIP-UN.TO:
$6.49B
BN.TO:
$33.73B
BIP-UN.TO:
$11.14B
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Return for Risk
BN.TO vs. BIP-UN.TO — Risk / Return Rank
BN.TO
BIP-UN.TO
BN.TO vs. BIP-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Corporation (BN.TO) 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.
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.
| BN.TO | BIP-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.22 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.88 | +1.60 |
| Martin ratioReturn relative to average drawdown | 10.01 | 4.20 | +5.81 |
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Drawdowns
BN.TO vs. BIP-UN.TO - Drawdown Comparison
The maximum BN.TO drawdown since its inception was -63.63%, which is greater than BIP-UN.TO's maximum drawdown of -46.85%. Use the drawdown chart below to compare losses from any high point for BN.TO and BIP-UN.TO.
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Drawdown Indicators
| BN.TO | BIP-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -46.85% | -16.78% |
Max Drawdown (1Y)Largest decline over 1 year | -22.47% | -11.91% | -10.56% |
Max Drawdown (3Y)Largest decline over 3 years | -28.87% | -38.40% | +9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -32.27% | -44.39% | +12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -46.45% | -46.85% | +0.40% |
Current DrawdownCurrent decline from peak | -6.75% | -1.43% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -10.40% | -6.46% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 5.33% | +2.46% |
Volatility
BN.TO vs. BIP-UN.TO - Volatility Comparison
Brookfield Corporation (BN.TO) has a higher volatility of 10.04% compared to Brookfield Infrastructure Partners L.P (BIP-UN.TO) at 4.57%. This indicates that BN.TO's price experiences larger fluctuations and is considered to be riskier than BIP-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BN.TO | BIP-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 4.57% | +5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 14.01% | +8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.52% | 18.22% | +33.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.86% | 32.95% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.66% | 38.57% | -1.91% |
Dividends
BN.TO vs. BIP-UN.TO - Dividend Comparison
BN.TO's dividend yield for the trailing twelve months is around 0.54%, less than BIP-UN.TO's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP-UN.TO Brookfield Infrastructure Partners L.P | 4.55% | 5.04% | 4.85% | 5.00% | 4.23% | 3.97% | 5.61% | 5.62% | 6.65% | 5.64% | 5.16% | 10.13% |
BN.TO Brookfield Corporation | 0.41% | 0.53% | 0.80% | 1.48% | 2.09% | 1.58% | 2.27% | 3.15% | 4.14% | 4.51% | 4.35% | 4.36% |
Financials
BN.TO vs. BIP-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Corporation and Brookfield Infrastructure Partners L.P. 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
BN.TO vs. BIP-UN.TO - Profitability Comparison
BN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a gross profit of 1.83B and revenue of 18.35B. Therefore, the gross margin over that period was 10.0%.
BIP-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a gross profit of 1.70B and revenue of 6.30B. Therefore, the gross margin over that period was 26.9%.
BN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported an operating income of 4.38B and revenue of 18.35B, resulting in an operating margin of 23.9%.
BIP-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported an operating income of 1.59B and revenue of 6.30B, resulting in an operating margin of 25.2%.
BN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a net income of 100.33M and revenue of 18.35B, resulting in a net margin of 0.6%.
BIP-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a net income of -86.00M and revenue of 6.30B, resulting in a net margin of -1.4%.
Frequently Asked Questions
BN.TO and BIP-UN.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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