BRO vs. BIP-UN.TO
BRO (Brown & Brown, Inc.) and BIP-UN.TO (Brookfield Infrastructure Partners L.P) are both stocks. BRO operates in Insurance Brokers (Financial Services), while BIP-UN.TO operates in Utilities - Diversified (Utilities). Over the past 10 years, BRO returned 13.27%/yr vs 28.77%/yr for BIP-UN.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
BRO vs. BIP-UN.TO - Performance Comparison
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Different Trading Currencies
BRO 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, BRO achieves a -26.85% return, which is significantly lower than BIP-UN.TO's 13.82% return. Over the past 10 years, BRO has underperformed BIP-UN.TO with an annualized return of 13.27%, while BIP-UN.TO has yielded a comparatively higher 28.77% annualized return.
BRO
- 1D
- -1.46%
- 1M
- 3.05%
- YTD
- -26.85%
- 6M
- -24.91%
- 1Y
- -47.08%
- 3Y*
- -2.56%
- 5Y*
- 3.04%
- 10Y*
- 13.27%
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%
BRO vs. BIP-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | -26.85% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
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 BRO and BIP-UN.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009 | 0.17 |
The correlation between BRO and BIP-UN.TO shifts across timeframes, from 0.03 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BRO:
$4.76
BIP-UN.TO:
CA$0.91
BRO:
12.18
BIP-UN.TO:
59.66
BRO:
0.89
BIP-UN.TO:
0.31
BRO:
2.18
BIP-UN.TO:
1.04
BRO:
$6.43B
BIP-UN.TO:
CA$24.01B
BRO:
$3.82B
BIP-UN.TO:
CA$6.49B
BRO:
$1.51B
BIP-UN.TO:
CA$11.14B
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Return for Risk
BRO vs. BIP-UN.TO — Risk / Return Rank
BRO
BIP-UN.TO
BRO vs. BIP-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) 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.
| BRO | BIP-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -4.18 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.20 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 1.75 | -2.68 |
| Martin ratioReturn relative to average drawdown | -1.59 | 3.79 | -5.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRO | BIP-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.66 | 1.15 | -2.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.45 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.74 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.90 | -0.40 |
Drawdowns
BRO vs. BIP-UN.TO - Drawdown Comparison
The maximum BRO drawdown since its inception was -55.85%, which is greater than BIP-UN.TO's maximum drawdown of -51.41%. Use the drawdown chart below to compare losses from any high point for BRO and BIP-UN.TO.
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Drawdown Indicators
| BRO | BIP-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -51.41% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -12.06% | -38.49% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -41.17% | -14.68% |
Max Drawdown (5Y)Largest decline over 5 years | -55.85% | -47.89% | -7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -51.41% | -4.44% |
Current DrawdownCurrent decline from peak | -52.91% | -1.52% | -51.39% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -7.80% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.57% | 5.55% | +24.02% |
Volatility
BRO vs. BIP-UN.TO - Volatility Comparison
Brown & Brown, Inc. (BRO) has a higher volatility of 9.52% compared to Brookfield Infrastructure Partners L.P (BIP-UN.TO) at 4.78%. This indicates that BRO'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
| BRO | BIP-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.52% | 4.78% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 14.26% | +7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.53% | 18.41% | +10.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.81% | 33.34% | -8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 38.92% | -15.23% |
Dividends
BRO vs. BIP-UN.TO - Dividend Comparison
BRO's dividend yield for the trailing twelve months is around 1.11%, 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% |
BRO Brown & Brown, Inc. | 1.11% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
Financials
BRO vs. BIP-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Brown & Brown, Inc. 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
BRO vs. BIP-UN.TO - Profitability Comparison
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a gross profit of 994.00M and revenue of 1.90B. Therefore, the gross margin over that period was 52.3%.
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%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.90B, resulting in an operating margin of 0.0%.
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%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a net income of 426.00M and revenue of 1.90B, resulting in a net margin of 22.4%.
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
BRO and BIP-UN.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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