BEPC vs BIPC: Correlation
Measured on weekly returns over the past three years, Brookfield Renewable Corporation Brookfield Renewable (BEPC) and Brookfield Infrastructure Corporation (BIPC) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEPC and BIPC?
On 3 years of weekly data the BEPC/BIPC correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 563.6 %².
BIPC is one of the assets that tracks BEPC most closely: it ranks #3 out of the 11 assets we track against BEPC. Twelve-month performance is nearly a tie, at +0.4% for BEPC and +1.2% for BIPC.
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.
BEPC vs BIPC: side by side
| BEPC (Brookfield Renewable Corporation Brookfield Renewable) | BIPC (Brookfield Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +0.4% | +1.2% |
| 5-year return | -8.5% | +13.3% |
| Volatility (ann.) | 34.5% | 30.4% |
| Beta vs S&P 500 | 0.80 | 0.95 |
| Max drawdown (3Y) | -28.6% | -33.7% |
| Market cap | $6.1B | $4.8B |
| P/E (trailing) | – | – |
| Dividend yield | 2.33% | 4.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEPC | BIPC |
|---|---|---|
| 2022 | -22.5% | -11.9% |
| 2023 | +9.5% | -5.7% |
| 2024 | +1.0% | +18.4% |
| 2025 | +45.2% | +18.3% |
| 2026 | -12.3% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEPC and BIPC good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BEPC and BIPC?
The BEPC/BIPC correlation stands at 0.54 on a 3-year window (1 year: 0.49, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is BIPC a good diversifier for BEPC?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BEPC correlations · BIPC correlations
