VEA vs. BIP-UN.TO

Last updated Jun 9, 2026

VEA (Vanguard FTSE Developed Markets ETF) is Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index, while BIP-UN.TO (Brookfield Infrastructure Partners L.P) is a stock. Over the past 10 years, VEA returned 10.14%/yr vs 28.77%/yr for BIP-UN.TO. At a 0.25 correlation, their price movements are largely independent.

Performance

VEA vs. BIP-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Developed Markets ETF (VEA) and Brookfield Infrastructure Partners L.P (BIP-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VEA 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, VEA achieves a 12.02% return, which is significantly lower than BIP-UN.TO's 13.82% return. Over the past 10 years, VEA has underperformed BIP-UN.TO with an annualized return of 10.14%, while BIP-UN.TO has yielded a comparatively higher 28.77% annualized return.

VEA

• 1D: 1.00%
• 1M: -1.37%
• YTD: 12.02%
• 6M: 14.95%
• 1Y: 28.06%
• 3Y*: 18.65%
• 5Y*: 9.09%
• 10Y*: 10.14%

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%

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

VEA vs. BIP-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEA Vanguard FTSE Developed Markets ETF	12.02%	35.16%	3.15%	17.93%	-15.34%	11.66%	9.71%	22.62%	-14.75%	26.42%
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 VEA and BIP-UN.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 11, 2009	0.25

The correlation between VEA and BIP-UN.TO shifts across timeframes, from 0.25 (all time) to 0.46 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

VEA vs. BIP-UN.TO — Risk / Return Rank

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

VEA

VEA Risk / Return Rank: 56
VEA Sharpe Ratio Rank: 57
VEA Sortino Ratio Rank: 55
VEA Omega Ratio Rank: 57
VEA Calmar Ratio Rank: 54
VEA Martin Ratio Rank: 58

BIP-UN.TO

BIP-UN.TO Risk / Return Rank: 75
BIP-UN.TO Sharpe Ratio Rank: 79
BIP-UN.TO Sortino Ratio Rank: 74
BIP-UN.TO Omega Ratio Rank: 71
BIP-UN.TO Calmar Ratio Rank: 75
BIP-UN.TO Martin Ratio Rank: 74

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.

VEA vs. BIP-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Markets ETF (VEA) 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.

	VEA	BIP-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.15	+0.60
Sortino ratio: Return per unit of downside risk	2.39	1.70	+0.69
Omega ratio: Gain probability vs. loss probability	1.32	1.20	+0.12
Calmar ratio: Return relative to maximum drawdown	2.42	1.75	+0.68
Martin ratio: Return relative to average drawdown	9.39	3.79	+5.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEA vs. BIP-UN.TO - Sharpe Ratio Comparison

The current VEA Sharpe Ratio is 1.75, which is higher than the BIP-UN.TO Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of VEA and BIP-UN.TO, 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

	VEA	BIP-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	1.15	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.45	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.74	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.90	-0.66

Drawdowns

VEA vs. BIP-UN.TO - Drawdown Comparison

The maximum VEA drawdown since its inception was -60.68%, 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 VEA and BIP-UN.TO.

Drawdown Indicators

	VEA	BIP-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-60.68%	-51.41%	-9.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-12.06%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-13.45%	-41.17%	+27.72%
Max Drawdown (5Y) Largest decline over 5 years	-29.71%	-47.89%	+18.18%
Max Drawdown (10Y) Largest decline over 10 years	-35.73%	-51.41%	+15.68%
Current Drawdown Current decline from peak	-3.40%	-1.52%	-1.88%
Average Drawdown Average peak-to-trough decline	-13.29%	-7.80%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	5.55%	-2.55%

Volatility

VEA vs. BIP-UN.TO - Volatility Comparison

Vanguard FTSE Developed Markets ETF (VEA) has a higher volatility of 6.03% compared to Brookfield Infrastructure Partners L.P (BIP-UN.TO) at 4.78%. This indicates that VEA'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.

Volatility by Period

	VEA	BIP-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	4.78%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	14.26%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	18.41%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	33.34%	-16.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	38.92%	-21.52%

Dividends

VEA vs. BIP-UN.TO - Dividend Comparison

VEA's dividend yield for the trailing twelve months is around 2.69%, 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%
VEA Vanguard FTSE Developed Markets ETF	2.69%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

Frequently Asked Questions

Can I hold both VEA and BIP-UN.TO in my portfolio?

VEA and BIP-UN.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.