BIPC vs IGR: Correlation
Brookfield Infrastructure Corporation (BIPC) and CBRE Global Real Estate Income Fund (IGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIPC and IGR?
Over the past 3 years, BIPC and IGR moved with a correlation of 0.59, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.59 over 3 years. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 475.0 %².
By 3-year correlation, IGR places #5 of the 12 assets tracked against BIPC. Over the last 12 months IGR came out ahead by 6.6 percentage points (+1.2% against +7.8%).
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.
BIPC vs IGR: side by side
| BIPC (Brookfield Infrastructure Corporation) | IGR (CBRE Global Real Estate Income Fund) | |
|---|---|---|
| 1-year return | +1.2% | +7.8% |
| 5-year return | +13.3% | -4.7% |
| Volatility (ann.) | 30.4% | 26.5% |
| Beta vs S&P 500 | 0.95 | 0.81 |
| Max drawdown (3Y) | -33.7% | -29.5% |
| Market cap | $4.8B | $0.7B |
| P/E (trailing) | – | 15.4 |
| Dividend yield | 4.47% | 7.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIPC | IGR |
|---|---|---|
| 2022 | -11.9% | -35.5% |
| 2023 | -5.7% | +8.6% |
| 2024 | +18.4% | +1.2% |
| 2025 | +18.3% | +5.2% |
| 2026 | -11.5% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIPC and IGR good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BIPC and IGR?
The BIPC/IGR correlation stands at 0.59 on a 3-year window (1 year: 0.31, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is IGR a good diversifier for BIPC?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bipc-vs-igr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bipc-vs-igr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIPC correlations · IGR correlations
