PM vs. BIP-UN.TO
PM (Philip Morris International Inc.) and BIP-UN.TO (Brookfield Infrastructure Partners L.P) are both stocks. PM operates in Tobacco (Consumer Defensive), while BIP-UN.TO operates in Utilities - Diversified (Utilities). Over the past 10 years, PM returned 11.71%/yr vs 28.99%/yr for BIP-UN.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
PM vs. BIP-UN.TO - Performance Comparison
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Different Trading Currencies
PM 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, PM achieves a 15.93% return, which is significantly higher than BIP-UN.TO's 12.53% return. Over the past 10 years, PM has underperformed BIP-UN.TO with an annualized return of 11.71%, while BIP-UN.TO has yielded a comparatively higher 28.99% annualized return.
PM
- 1D
- 1.95%
- 1M
- -1.92%
- YTD
- 15.93%
- 6M
- 22.12%
- 1Y
- 3.66%
- 3Y*
- 31.18%
- 5Y*
- 18.78%
- 10Y*
- 11.71%
BIP-UN.TO
- 1D
- -0.36%
- 1M
- 1.15%
- YTD
- 12.53%
- 6M
- 12.91%
- 1Y
- 19.48%
- 3Y*
- 6.64%
- 5Y*
- 14.97%
- 10Y*
- 28.99%
PM vs. BIP-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 15.93% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 12.53% | 15.30% | 6.27% | 7.08% | 20.25% | 27.91% | 17.32% | 52.53% | -17.94% | 42.93% |
Correlation
The correlation between PM and BIP-UN.TO is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009 | 0.17 |
The correlation between PM and BIP-UN.TO shifts across timeframes, from 0.06 (1 year) to 0.19 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PM:
$288.03B
BIP-UN.TO:
CA$24.64B
PM:
$7.12
BIP-UN.TO:
$0.91
PM:
25.90
BIP-UN.TO:
42.33
PM:
2.81
BIP-UN.TO:
0.22
PM:
6.93
BIP-UN.TO:
0.74
PM:
$41.49B
BIP-UN.TO:
$24.01B
PM:
$27.93B
BIP-UN.TO:
$6.49B
PM:
$17.74B
BIP-UN.TO:
$11.14B
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Return for Risk
PM vs. BIP-UN.TO — Risk / Return Rank
PM
BIP-UN.TO
PM vs. BIP-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) 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.
| PM | BIP-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.62 | -1.44 |
| Martin ratioReturn relative to average drawdown | 0.34 | 3.52 | -3.19 |
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Drawdowns
PM vs. BIP-UN.TO - Drawdown Comparison
The maximum PM drawdown since its inception was -42.87%, smaller than the maximum BIP-UN.TO drawdown of -51.41%. Use the drawdown chart below to compare losses from any high point for PM and BIP-UN.TO.
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Drawdown Indicators
| PM | BIP-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.87% | -51.41% | +8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -20.64% | -12.06% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -41.09% | +20.45% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -47.89% | +25.11% |
Max Drawdown (10Y)Largest decline over 10 years | -42.87% | -51.41% | +8.54% |
Current DrawdownCurrent decline from peak | -3.94% | -2.64% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -10.02% | -7.79% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.81% | 5.55% | +5.26% |
Volatility
PM vs. BIP-UN.TO - Volatility Comparison
Philip Morris International Inc. (PM) has a higher volatility of 7.76% compared to Brookfield Infrastructure Partners L.P (BIP-UN.TO) at 4.57%. This indicates that PM'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
| PM | BIP-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 4.57% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 21.07% | 14.19% | +6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 18.40% | +9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 33.33% | -10.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.46% | 38.91% | -14.45% |
Dividends
PM vs. BIP-UN.TO - Dividend Comparison
PM's dividend yield for the trailing twelve months is around 3.13%, 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% |
PM Philip Morris International Inc. | 3.13% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
PM vs. BIP-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Philip Morris International 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
PM vs. BIP-UN.TO - Profitability Comparison
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
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%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
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%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
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
PM and BIP-UN.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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