BPYPM vs. BPYPN

Last updated Jun 3, 2026

BPYPM (Brookfield Property Preferred L.P.) and BPYPN (Brookfield Property Partners L.P.) are both stocks. Over the past 3 years, BPYPM returned 15.22%/yr vs 15.10%/yr for BPYPN. At a 0.45 correlation, their price movements are largely independent.

Performance

BPYPM vs. BPYPN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Property Preferred L.P. (BPYPM) and Brookfield Property Partners L.P. (BPYPN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPYPM achieves a 14.27% return, which is significantly higher than BPYPN's 8.49% return.

BPYPM

• 1D: -0.88%
• 1M: 3.21%
• YTD: 14.27%
• 6M: 13.75%
• 1Y: 20.34%
• 3Y*: 15.22%
• 5Y*: —
• 10Y*: —

BPYPN

• 1D: -1.58%
• 1M: 0.61%
• YTD: 8.49%
• 6M: 7.68%
• 1Y: 18.35%
• 3Y*: 15.10%
• 5Y*: -2.20%
• 10Y*: —

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

BPYPM vs. BPYPN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BPYPM Brookfield Property Preferred L.P.	14.27%	11.40%	37.58%	-2.75%	-41.30%	6.77%
BPYPN Brookfield Property Partners L.P.	8.49%	19.12%	20.99%	-5.46%	-37.80%	-2.49%

Correlation

The correlation between BPYPM and BPYPN is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021	0.45

Over the past year, the correlation between BPYPM and BPYPN has dropped to 0.22 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

BPYPM vs. BPYPN — Risk / Return Rank

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

BPYPM

BPYPM Risk / Return Rank: 74
BPYPM Sharpe Ratio Rank: 72
BPYPM Sortino Ratio Rank: 69
BPYPM Omega Ratio Rank: 70
BPYPM Calmar Ratio Rank: 82
BPYPM Martin Ratio Rank: 80

BPYPN

BPYPN Risk / Return Rank: 72
BPYPN Sharpe Ratio Rank: 72
BPYPN Sortino Ratio Rank: 66
BPYPN Omega Ratio Rank: 67
BPYPN Calmar Ratio Rank: 78
BPYPN Martin Ratio Rank: 79

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.

BPYPM vs. BPYPN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Property Preferred L.P. (BPYPM) and Brookfield Property Partners L.P. (BPYPN). 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.

	BPYPM	BPYPN	Difference
Sharpe ratio Return per unit of total volatility	1.03	1.05	-0.02
Sortino ratio Return per unit of downside risk	1.73	1.59	+0.15
Omega ratio Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio Return relative to maximum drawdown	3.02	2.47	+0.55
Martin ratio Return relative to average drawdown	6.63	6.46	+0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPYPM vs. BPYPN - Sharpe Ratio Comparison

The current BPYPM Sharpe Ratio is 1.03, which is comparable to the BPYPN Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of BPYPM and BPYPN, 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

	BPYPM	BPYPN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.05	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	-0.01	+0.07

Drawdowns

BPYPM vs. BPYPN - Drawdown Comparison

The maximum BPYPM drawdown since its inception was -47.92%, smaller than the maximum BPYPN drawdown of -68.71%. Use the drawdown chart below to compare losses from any high point for BPYPM and BPYPN.

Drawdown Indicators

	BPYPM	BPYPN	Difference
Max Drawdown Largest peak-to-trough decline	-47.92%	-68.71%	+20.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-7.25%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-26.21%	-28.79%	+2.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-53.27%	—
Current Drawdown Current decline from peak	-0.93%	-11.14%	+10.21%
Average Drawdown Average peak-to-trough decline	-21.10%	-22.58%	+1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	2.77%	+1.00%

Volatility

BPYPM vs. BPYPN - Volatility Comparison

The current volatility for Brookfield Property Preferred L.P. (BPYPM) is 1.94%, while Brookfield Property Partners L.P. (BPYPN) has a volatility of 3.52%. This indicates that BPYPM experiences smaller price fluctuations and is considered to be less risky than BPYPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPYPM	BPYPN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	3.52%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	10.39%	+3.09%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	17.54%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.12%	24.40%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.12%	38.86%	-14.74%

Dividends

BPYPM vs. BPYPN - Dividend Comparison

BPYPM's dividend yield for the trailing twelve months is around 9.25%, less than BPYPN's 10.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BPYPM Brookfield Property Preferred L.P.	9.25%	10.08%	10.15%	12.57%	11.03%	2.54%	0.00%
BPYPN Brookfield Property Partners L.P.	10.49%	10.81%	11.57%	12.51%	10.62%	6.10%	5.82%

Financials

Frequently Asked Questions

Can I hold both BPYPM and BPYPN in my portfolio?

BPYPM and BPYPN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPYPM or BPYPN?

BPYPN has higher volatility (3.52%) compared to BPYPM (1.94%). In terms of maximum drawdown, BPYPM dropped -47.92% vs BPYPN's -68.71%.

Which has better risk-adjusted returns?

BPYPN currently has the higher Sharpe Ratio (1.05 vs 1.03), 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.