Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Global X Equal Weight Canadian Pipelines Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has returned 20.06% so far this year and 24.92% over the past 12 months. Over the last ten years, PPLN.TO has returned 10.64% per year, falling short of the S&P 500 Index benchmark, which averaged 12.98% annually.

Based on dividend-adjusted daily data since Jul 15, 2014, PPLN.TO's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, your investment would double in approximately 7.4 years.

Historically, 57% of months were positive and 43% were negative. The best month was Apr 2020 with a return of +26.0%, while the worst month was Mar 2020 at -40.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PPLN.TO closed higher 45% of trading days. The best single day was Jun 5, 2020 with a return of +13.9%, while the worst single day was Mar 9, 2020 at -18.1%.

Global X Equal Weight Canadian Pipelines Index ETF has an annualized alpha of 2.24%, beta of 0.54, and R² of 0.13 versus S&P 500 Index. Calculated based on daily prices since July 16, 2014.

• This ETF participated in 56.80% of S&P 500 Index downside but only 48.81% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.54 may look defensive, but with R² of 0.13 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.13 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PPLN.TO has an expense ratio of 0.31%, placing it in the medium range.

PPLN.TO ranks 67 for risk / return — better than 67% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) and compare them to a chosen benchmark (S&P 500 Index).

Global X Equal Weight Canadian Pipelines Index ETF provided a 4.49% dividend yield over the last twelve months, with an annual payout of CA$0.62 per share.

The table displays the monthly dividend distributions for Global X Equal Weight Canadian Pipelines Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Global X Equal Weight Canadian Pipelines Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Global X Equal Weight Canadian Pipelines Index ETF was 59.05%, occurring on Mar 18, 2020. Recovery took 246 trading sessions.

The current Global X Equal Weight Canadian Pipelines Index ETF drawdown is 1.00%.

The chart below shows the rolling one-month volatility.