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

ETF · Currency in CAD · Last updated Jun 5, 2026

PPLN.TO is a passive ETF by Global X tracking the investment results of the Mirae Asset Equal Weight Canadian Pipeline Index. PPLN.TO launched on Jul 14, 2014 and has a 0.31% expense ratio.

Looking to diversify beyond PPLN.TO? The ETFs below have the lowest correlation with PPLN.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PPLN.TO.

Best Diversifiers for PPLN.TO

22 ETFs have low correlation with PPLN.TO (below 0.3), 16 of which are negatively correlated. The least correlated is BMO Covered Call Technology ETF (ZWT.TO) (Technology Equities) with a 1Y correlation of -0.26, down from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZWT.TO
BMO Covered Call Technology ETF-0.260.020.14
68
Technology Equities, Derivative IncomePPLN.TO vs ZWT.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF-0.210.060.20
82
Nasdaq-100, Derivative IncomePPLN.TO vs QQCC.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF-0.19——
82
Nasdaq-100, Derivative IncomePPLN.TO vs QQCL.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETF-0.170.120.24
75
S&P 500PPLN.TO vs HXS.TO
XUS.TO
iShares Core S&P 500 Index ETF-0.160.120.24
78
S&P 500PPLN.TO vs XUS.TO
See all 36 diversifiers for PPLN.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PPLN.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPLN.TO and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP.TO) (Energy) with a 1Y correlation of 0.73, up from 0.54 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
TRP.TO
TC Energy Corporation0.730.530.54
91
Energy
ENB.TO
Enbridge Inc.0.800.550.59
85
Energy

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Diversification Analysis

Build a portfolio that complements PPLN.TO

Add PPLN.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with PPLN.TO