Which stocks are most correlated with BIP?

Based on one year of daily returns, the stocks most correlated with Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP) are BIPC (0.73), PID (0.49) and TLCI (0.41). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BIP?

Over the past year, the stocks most inversely correlated with Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP) are EPV (-0.34), EFZ (-0.32) and EFU (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP) — Stock Correlations & Overview

Over the past year, BIP has moved most closely with BIPC, PID, TLCI. Explore the stocks most correlated and inversely correlated with BIP below, along with its price, financials, and company profile.

Stocks correlated with BIP

Correlation of daily returns. Higher positive values move with BIP; negative values move opposite it. Informational only, not investment advice.

Most correlated with BIP

Symbol	Company	Correlation
BIPC	Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares	0.73
PID	Invesco International Dividend Achievers ETF	0.49
TLCI	Touchstone International Equity ETF	0.41
WDIV	State Street SPDR S&P Global Dividend ETF	0.40
IDLV	Invesco S&P International Developed Low Volatility ETF	0.39

Most inversely correlated with BIP

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.34
EFZ	ProShares Trust Short MSCI EAFE	-0.32
EFU	ProShares Trust UltraShort MSCI EAFE	-0.32
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.32
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.31

Frequently asked questions about BIP correlations

Which stocks are most correlated with BIP?: Based on one year of daily returns, the stocks most correlated with Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP) are BIPC (0.73), PID (0.49) and TLCI (0.41). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BIP?: Over the past year, the stocks most inversely correlated with Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP) are EPV (-0.34), EFZ (-0.32) and EFU (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BIP correlations calculated?: We compute the correlation of daily returns between BIP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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