BN vs. ICE

Last updated Jun 9, 2026

BN (Brookfield Corporation) and ICE (Intercontinental Exchange, Inc.) are both stocks. Both are in the Financial Services sector — BN in Asset Management, ICE in Financial Data & Stock Exchanges. Over the past 10 years, BN returned 14.55%/yr vs 11.69%/yr for ICE. At a 0.39 correlation, their price movements are largely independent.

Performance

BN vs. ICE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Corporation (BN) and Intercontinental Exchange, Inc. (ICE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BN achieves a -3.44% return, which is significantly higher than ICE's -13.87% return. Over the past 10 years, BN has outperformed ICE with an annualized return of 14.55%, while ICE has yielded a comparatively lower 11.69% annualized return.

BN

• 1D: -0.83%
• 1M: -6.05%
• YTD: -3.44%
• 6M: -4.46%
• 1Y: 13.31%
• 3Y*: 28.82%
• 5Y*: 11.64%
• 10Y*: 14.55%

ICE

• 1D: -1.73%
• 1M: -10.76%
• YTD: -13.87%
• 6M: -10.90%
• 1Y: -21.27%
• 3Y*: 9.51%
• 5Y*: 6.00%
• 10Y*: 11.69%

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

BN vs. ICE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BN Brookfield Corporation	-3.44%	20.54%	44.18%	28.60%	-34.80%	49.30%	8.99%	52.68%	-10.65%	33.82%
ICE Intercontinental Exchange, Inc.	-13.87%	9.92%	17.46%	27.12%	-23.91%	19.94%	26.15%	24.47%	8.11%	26.60%

Correlation

The correlation between BN and ICE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Nov 17, 2005	0.39

The correlation between BN and ICE shifts across timeframes, from 0.26 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BN : $104.69B ICE : $79.26B
EPS BN : $0.56 ICE : $6.85
PE Ratio BN : 78.31 ICE : 20.31
PEG Ratio BN : 171.62 ICE : 2.45
PS Ratio BN : 1.36 ICE : 6.09
PB Ratio BN : 2.44 ICE : 2.68
Total Revenue (TTM) BN : $76.58B ICE : $13.08B
Gross Profit (TTM) BN : $27.02B ICE : $8.93B
EBITDA (TTM) BN : $31.07B ICE : $7.05B

Return for Risk

BN vs. ICE — Risk / Return Rank

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

BN

BN Risk / Return Rank: 55
BN Sharpe Ratio Rank: 59
BN Sortino Ratio Rank: 51
BN Omega Ratio Rank: 50
BN Calmar Ratio Rank: 57
BN Martin Ratio Rank: 60

ICE

ICE Risk / Return Rank: 7
ICE Sharpe Ratio Rank: 5
ICE Sortino Ratio Rank: 8
ICE Omega Ratio Rank: 9
ICE Calmar Ratio Rank: 10
ICE Martin Ratio Rank: 4

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.

BN vs. ICE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Corporation (BN) and Intercontinental Exchange, Inc. (ICE). 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.

	BN	ICE	Difference
Sharpe ratio: Return per unit of total volatility	0.47	-0.98	+1.45
Sortino ratio: Return per unit of downside risk	0.83	-1.26	+2.09
Omega ratio: Gain probability vs. loss probability	1.10	0.84	+0.26
Calmar ratio: Return relative to maximum drawdown	0.61	-0.82	+1.43
Martin ratio: Return relative to average drawdown	1.68	-1.59	+3.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BN vs. ICE - Sharpe Ratio Comparison

The current BN Sharpe Ratio is 0.47, which is higher than the ICE Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of BN and ICE, 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

	BN	ICE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	-0.98	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.29	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.53	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.42	-0.12

Drawdowns

BN vs. ICE - Drawdown Comparison

The maximum BN drawdown since its inception was -82.22%, which is greater than ICE's maximum drawdown of -73.94%. Use the drawdown chart below to compare losses from any high point for BN and ICE.

Drawdown Indicators

	BN	ICE	Difference
Max Drawdown Largest peak-to-trough decline	-82.22%	-73.94%	-8.28%
Max Drawdown (1Y) Largest decline over 1 year	-22.05%	-25.87%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	-27.84%	-25.87%	-1.97%
Max Drawdown (5Y) Largest decline over 5 years	-41.85%	-34.32%	-7.53%
Max Drawdown (10Y) Largest decline over 10 years	-51.42%	-34.32%	-17.10%
Current Drawdown Current decline from peak	-9.89%	-25.55%	+15.66%
Average Drawdown Average peak-to-trough decline	-28.52%	-16.46%	-12.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.93%	13.38%	-5.45%

Volatility

BN vs. ICE - Volatility Comparison

Brookfield Corporation (BN) has a higher volatility of 9.72% compared to Intercontinental Exchange, Inc. (ICE) at 5.89%. This indicates that BN's price experiences larger fluctuations and is considered to be riskier than ICE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BN	ICE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	5.89%	+3.83%
Volatility (6M) Calculated over the trailing 6-month period	22.37%	18.45%	+3.92%
Volatility (1Y) Calculated over the trailing 1-year period	28.67%	21.84%	+6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.24%	21.05%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.20%	22.20%	+8.00%

Dividends

BN vs. ICE - Dividend Comparison

BN's dividend yield for the trailing twelve months is around 0.57%, less than ICE's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BN Brookfield Corporation	0.57%	0.52%	0.56%	0.70%	1.44%	1.12%	1.55%	1.11%	1.56%	1.29%	1.58%	1.50%
ICE Intercontinental Exchange, Inc.	1.41%	1.19%	1.21%	1.31%	1.48%	0.97%	1.04%	1.19%	1.27%	1.13%	1.21%	1.13%

Financials

BN vs. ICE - Profitability Comparison

The chart below illustrates the profitability comparison between Brookfield Corporation and Intercontinental Exchange, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BN - 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 4.43B and revenue of 18.39B. Therefore, the gross margin over that period was 24.1%.

ICE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported a gross profit of 2.89B and revenue of 3.67B. Therefore, the gross margin over that period was 78.8%.

BN - 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 4.39B and revenue of 18.39B, resulting in an operating margin of 23.9%.

ICE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported an operating income of 1.67B and revenue of 3.67B, resulting in an operating margin of 45.4%.

BN - 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 100.59M and revenue of 18.39B, resulting in a net margin of 0.6%.

ICE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported a net income of 1.41B and revenue of 3.67B, resulting in a net margin of 38.5%.

Frequently Asked Questions

Can I hold both BN and ICE in my portfolio?

BN and ICE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BN or ICE?

BN has higher volatility (9.72%) compared to ICE (5.89%). In terms of maximum drawdown, BN dropped -82.22% vs ICE's -73.94%.

Which has better risk-adjusted returns?

BN currently has the higher Sharpe Ratio (0.47 vs -0.98), 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.