AWP vs BIPC: Correlation
abrdn Global Premier Properties Fund (AWP) and Brookfield Infrastructure Corporation (BIPC) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWP and BIPC?
Across a 3-year window, the weekly returns of AWP and BIPC correlate at 0.63, strong. The past 12 months show a weaker link (0.31) than the 3-year average (0.63). Stretching to 5 years gives 0.57, with an annualized covariance of 442.7 %².
By 3-year correlation, BIPC places #8 of the 16 assets tracked against AWP. Over the last 12 months AWP came out ahead by 8.9 percentage points (+10.1% against +1.2%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AWP vs BIPC: side by side
| AWP (abrdn Global Premier Properties Fund) | BIPC (Brookfield Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +10.1% | +1.2% |
| 5-year return | +2.9% | +13.3% |
| Volatility (ann.) | 23.0% | 30.4% |
| Beta vs S&P 500 | 0.73 | 0.95 |
| Max drawdown (3Y) | -23.1% | -33.7% |
| Market cap | $0.4B | $4.8B |
| P/E (trailing) | 6.6 | – |
| Dividend yield | 12.21% | 4.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWP | BIPC |
|---|---|---|
| 2022 | -37.1% | -11.9% |
| 2023 | +12.6% | -5.7% |
| 2024 | +12.2% | +18.4% |
| 2025 | +12.4% | +18.3% |
| 2026 | +10.1% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWP and BIPC good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AWP and BIPC?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.31 over the last year and 0.57 over 5 years.
Is BIPC a good diversifier for AWP?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AWP correlations · BIPC correlations
