Which stocks are most correlated with BIPC?

Based on one year of daily returns, the stocks most correlated with Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC) are BIP (0.73), CNI (0.47) and PID (0.45). 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 BIPC?

Over the past year, the stocks most inversely correlated with Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC) are SRS (-0.31), RDAC (-0.31) and REK (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC) — Stock Correlations & Overview

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

Stocks correlated with BIPC

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

Most correlated with BIPC

Symbol	Company	Correlation
BIP	Brookfield Infrastructure Partners L.P. Limited Partnership Units	0.73
CNI	Canadian National Railway	0.47
PID	Invesco International Dividend Achievers ETF	0.45
BEPC	Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares	0.41
WDIV	State Street SPDR S&P Global Dividend ETF	0.38

Most inversely correlated with BIPC

Symbol	Company	Correlation
SRS	ProShares UltraShort Real Estate	-0.31
RDAC	Rising Dragon Acquisition Corp. Ordinary SharesBLANK CHECKS	-0.31
REK	ProShares Short Real Estate	-0.31
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.30
EFZ	ProShares Trust Short MSCI EAFE	-0.30

Frequently asked questions about BIPC correlations

Which stocks are most correlated with BIPC?: Based on one year of daily returns, the stocks most correlated with Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC) are BIP (0.73), CNI (0.47) and PID (0.45). 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 BIPC?: Over the past year, the stocks most inversely correlated with Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC) are SRS (-0.31), RDAC (-0.31) and REK (-0.31). 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 BIPC correlations calculated?: We compute the correlation of daily returns between BIPC 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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