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CSW-B.TO vs. PPL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

CSW-B.TO vs. PPL.TO

Last updated Jun 5, 2026

CSW-B.TO (Corby Spirit and Wine Limited) and PPL.TO (Pembina Pipeline Corporation) are both stocks. CSW-B.TO operates in Beverages - Wineries & Distilleries (Consumer Defensive), while PPL.TO operates in Oil & Gas Midstream (Energy). Over the past 10 years, CSW-B.TO returned 3.77%/yr vs 13.10%/yr for PPL.TO. At a 0.07 correlation, their price movements are largely independent.

Performance

CSW-B.TO vs. PPL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Corby Spirit and Wine Limited (CSW-B.TO) and Pembina Pipeline Corporation (PPL.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSW-B.TO achieves a 3.47% return, which is significantly lower than PPL.TO's 32.40% return. Over the past 10 years, CSW-B.TO has underperformed PPL.TO with an annualized return of 3.77%, while PPL.TO has yielded a comparatively higher 13.10% annualized return.

CSW-B.TO

1D
-0.42%
1M
1.36%
YTD
3.47%
6M
7.01%
1Y
18.54%
3Y*
9.19%
5Y*
1.75%
10Y*
3.77%

PPL.TO

1D
1.41%
1M
11.91%
YTD
32.40%
6M
28.23%
1Y
39.65%
3Y*
24.86%
5Y*
20.54%
10Y*
13.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSW-B.TO vs. PPL.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSW-B.TO
Corby Spirit and Wine Limited		3.47%24.68%12.32%-15.07%-9.11%11.08%14.37%-8.13%-12.87%8.09%
PPL.TO
Pembina Pipeline Corporation		32.40%3.76%25.16%7.89%28.42%42.17%-29.26%24.75%-6.28%13.75%

Correlation

The correlation between CSW-B.TO and PPL.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Oct 26, 1998

0.07

Fundamentals

Market Cap

CSW-B.TO:

CA$405.40M

PPL.TO:

CA$39.83B

EPS

CSW-B.TO:

CA$1.16

PPL.TO:

CA$2.90

PE Ratio

CSW-B.TO:

12.23

PPL.TO:

23.57

PS Ratio

CSW-B.TO:

1.49

PPL.TO:

5.24

PB Ratio

CSW-B.TO:

2.13

PPL.TO:

2.62

Total Revenue (TTM)

CSW-B.TO:

CA$272.58M

PPL.TO:

CA$7.61B

Gross Profit (TTM)

CSW-B.TO:

CA$132.34M

PPL.TO:

CA$2.90B

EBITDA (TTM)

CSW-B.TO:

CA$67.23M

PPL.TO:

CA$3.41B

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Corby Spirit and Wine Limited

Pembina Pipeline Corporation

Often compared with CSW-B.TO:
CSW-B.TO vs. BIPCSW-B.TO vs. CDUAFCSW-B.TO vs. TRP.TOCSW-B.TO vs. CNQ.TOCSW-B.TO vs. ENB.TOCSW-B.TO vs. GEI.TOCSW-B.TO vs. HMAX.TO
Often compared with PPL.TO:
PPL.TO vs. ENB.TOPPL.TO vs. KEY.TOPPL.TO vs. CNQ.TOPPL.TO vs. ALA.TOPPL.TO vs. CVE.TOPPL.TO vs. ARX.TOPPL.TO vs. TVE.TO

Return for Risk

CSW-B.TO vs. PPL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSW-B.TO
CSW-B.TO Risk / Return Rank: 8080
Overall Rank
CSW-B.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
CSW-B.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
CSW-B.TO Omega Ratio Rank: 7272
Omega Ratio Rank
CSW-B.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
CSW-B.TO Martin Ratio Rank: 8484
Martin Ratio Rank
PPL.TO
PPL.TO Risk / Return Rank: 8585
Overall Rank
PPL.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
PPL.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
PPL.TO Omega Ratio Rank: 8686
Omega Ratio Rank
PPL.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
PPL.TO Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSW-B.TO vs. PPL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Corby Spirit and Wine Limited (CSW-B.TO) and Pembina Pipeline Corporation (PPL.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.

CSW-B.TOPPL.TODifference
Sharpe ratioReturn per unit of total volatility
1.36
2.09

-0.73

Sortino ratioReturn per unit of downside risk
2.06
2.82

-0.76

Omega ratioGain probability vs. loss probability

1.24

1.37

-0.13

Calmar ratioReturn relative to maximum drawdown

3.73

3.09

+0.64

Martin ratioReturn relative to average drawdown

8.46

7.27

+1.19

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSW-B.TO vs. PPL.TO - Sharpe Ratio Comparison

The current CSW-B.TO Sharpe Ratio is 1.36, which is lower than the PPL.TO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of CSW-B.TO and PPL.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CSW-B.TOPPL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

2.09

-0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

1.11

-1.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

0.43

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.59

-0.30

Drawdowns

CSW-B.TO vs. PPL.TO - Drawdown Comparison

The maximum CSW-B.TO drawdown since its inception was -70.11%, roughly equal to the maximum PPL.TO drawdown of -68.48%. Use the drawdown chart below to compare losses from any high point for CSW-B.TO and PPL.TO.

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Drawdown Indicators

CSW-B.TOPPL.TODifference

Max Drawdown

Largest peak-to-trough decline

-70.11%

-68.48%

-1.63%

Max Drawdown (1Y)

Largest decline over 1 year

-4.92%

-12.82%

+7.90%

Max Drawdown (3Y)

Largest decline over 3 years

-17.38%

-15.97%

-1.41%

Max Drawdown (5Y)

Largest decline over 5 years

-29.27%

-19.27%

-10.00%

Max Drawdown (10Y)

Largest decline over 10 years

-34.87%

-68.48%

+33.61%

Current Drawdown

Current decline from peak

-2.33%

-0.03%

-2.30%

Average Drawdown

Average peak-to-trough decline

-16.74%

-8.73%

-8.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

5.43%

-3.28%

Volatility

CSW-B.TO vs. PPL.TO - Volatility Comparison

The current volatility for Corby Spirit and Wine Limited (CSW-B.TO) is 3.01%, while Pembina Pipeline Corporation (PPL.TO) has a volatility of 7.13%. This indicates that CSW-B.TO experiences smaller price fluctuations and is considered to be less risky than PPL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSW-B.TOPPL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.01%

7.13%

-4.12%

Volatility (6M)

Calculated over the trailing 6-month period

9.18%

13.40%

-4.22%

Volatility (1Y)

Calculated over the trailing 1-year period

13.48%

18.91%

-5.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.49%

18.63%

-2.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.55%

30.84%

-13.29%

Dividends

CSW-B.TO vs. PPL.TO - Dividend Comparison

CSW-B.TO's dividend yield for the trailing twelve months is around 6.60%, more than PPL.TO's 4.15% yield.

PositionTTM20252024202320222021202020192018201720162015
CSW-B.TO
Corby Spirit and Wine Limited		6.60%6.47%7.05%7.21%6.43%5.11%5.22%5.91%7.72%4.04%3.84%7.97%
PPL.TO
Pembina Pipeline Corporation		4.15%5.39%7.09%7.93%6.97%10.89%13.89%4.90%5.53%4.48%4.53%5.98%

Financials

CSW-B.TO vs. PPL.TO - Financials Comparison

This section allows you to compare key financial metrics between Corby Spirit and Wine Limited and Pembina Pipeline Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.00500.00M1.00B1.50B2.00B2.50B3.00B3.50B20222023202420252026
58.27M
2.07B
(CSW-B.TO) Total Revenue
(PPL.TO) Total Revenue
Values in CAD except per share items

CSW-B.TO vs. PPL.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Corby Spirit and Wine Limited and Pembina Pipeline Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
0.0%10.0%20.0%30.0%40.0%50.0%60.0%20222023202420252026
51.0%
38.5%
Portfolio components
CSW-B.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Corby Spirit and Wine Limited reported a gross profit of 29.73M and revenue of 58.27M. Therefore, the gross margin over that period was 51.0%.

PPL.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported a gross profit of 795.00M and revenue of 2.07B. Therefore, the gross margin over that period was 38.5%.

CSW-B.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Corby Spirit and Wine Limited reported an operating income of 11.86M and revenue of 58.27M, resulting in an operating margin of 20.4%.

PPL.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported an operating income of 669.00M and revenue of 2.07B, resulting in an operating margin of 32.4%.

CSW-B.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Corby Spirit and Wine Limited reported a net income of 7.93M and revenue of 58.27M, resulting in a net margin of 13.6%.

PPL.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported a net income of 498.00M and revenue of 2.07B, resulting in a net margin of 24.1%.

Frequently Asked Questions

CSW-B.TO and PPL.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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