CIF.TO vs. PPLN.TO
CIF.TO (iShares Global Infrastructure Index ETF) and PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) are both Energy Equities funds - CIF.TO tracks the Manulife Investment Management Global Infrastructure Index while PPLN.TO tracks the Mirae Asset Equal Weight Canadian Pipeline Index. Both are passively managed. Over the past 10 years, CIF.TO returned 12.99%/yr vs 10.87%/yr for PPLN.TO. At a 0.40 correlation, their price movements are largely independent. CIF.TO charges 0.72%/yr vs 0.31%/yr for PPLN.TO.
Performance
CIF.TO vs. PPLN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIF.TO achieves a 25.20% return, which is significantly lower than PPLN.TO's 29.04% return. Over the past 10 years, CIF.TO has outperformed PPLN.TO with an annualized return of 12.99%, while PPLN.TO has yielded a comparatively lower 10.87% annualized return.
CIF.TO
- 1D
- 1.03%
- 1M
- 3.28%
- YTD
- 25.20%
- 6M
- 16.23%
- 1Y
- 35.22%
- 3Y*
- 25.10%
- 5Y*
- 18.52%
- 10Y*
- 12.99%
PPLN.TO
- 1D
- -0.24%
- 1M
- 6.16%
- YTD
- 29.04%
- 6M
- 28.59%
- 1Y
- 39.15%
- 3Y*
- 18.78%
- 5Y*
- 14.07%
- 10Y*
- 10.87%
CIF.TO vs. PPLN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIF.TO iShares Global Infrastructure Index ETF | 25.20% | 14.45% | 25.40% | 14.65% | 5.90% | 17.73% | -0.62% | 23.55% | -5.46% | 2.34% |
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 29.04% | 4.14% | 17.18% | 8.45% | 16.63% | 33.83% | -17.80% | 20.50% | -11.54% | -2.67% |
Correlation
The correlation between CIF.TO and PPLN.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.40 |
Over the past year, the correlation between CIF.TO and PPLN.TO has dropped to 0.13 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
CIF.TO vs. PPLN.TO — Risk / Return Rank
CIF.TO
PPLN.TO
CIF.TO vs. PPLN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure Index ETF (CIF.TO) and Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CIF.TO | PPLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 3.85 | -0.12 |
| Martin ratioReturn relative to average drawdown | 13.46 | 10.25 | +3.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIF.TO | PPLN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.73 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.81 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.47 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.33 | +0.20 |
Drawdowns
CIF.TO vs. PPLN.TO - Drawdown Comparison
The maximum CIF.TO drawdown since its inception was -42.37%, smaller than the maximum PPLN.TO drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for CIF.TO and PPLN.TO.
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Drawdown Indicators
| CIF.TO | PPLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -59.05% | +16.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -10.22% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -15.31% | -5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -18.54% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | -59.05% | +16.68% |
Current DrawdownCurrent decline from peak | -0.76% | -2.93% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -9.47% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.84% | -1.21% |
Volatility
CIF.TO vs. PPLN.TO - Volatility Comparison
iShares Global Infrastructure Index ETF (CIF.TO) and Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) have volatilities of 5.85% and 5.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIF.TO | PPLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 5.77% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 11.56% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 14.40% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 17.40% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 23.20% | -6.51% |
CIF.TO vs. PPLN.TO - Expense Ratio Comparison
CIF.TO has a 0.72% expense ratio, which is higher than PPLN.TO's 0.31% expense ratio.
Dividends
CIF.TO vs. PPLN.TO - Dividend Comparison
CIF.TO's dividend yield for the trailing twelve months is around 1.77%, less than PPLN.TO's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIF.TO iShares Global Infrastructure Index ETF | 1.77% | 2.05% | 2.84% | 2.36% | 2.53% | 2.24% | 2.06% | 1.83% | 2.45% | 2.27% | 1.81% | 2.41% |
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 4.26% | 4.35% | 2.94% | 3.77% | 3.23% | 3.47% | 5.76% | 4.40% | 5.21% | 4.31% | 3.99% | 4.41% |
Frequently Asked Questions
CIF.TO and PPLN.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPLN.TO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPLN.TO is cheaper with a 0.31% expense ratio, compared with 0.72% for CIF.TO.
CIF.TO tracks Manulife Investment Management Global Infrastructure Index, while PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.72% for CIF.TO and 0.31% for PPLN.TO.
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