EUAD vs. PPL.TO
EUAD (Select STOXX Europe Aerospace & Defense ETF) is Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while PPL.TO (Pembina Pipeline Corporation) is a stock. Over the past year, EUAD returned 3.14% vs 32.53% for PPL.TO. At a correlation of -0.06, they often move in opposite directions.
Performance
EUAD vs. PPL.TO - Performance Comparison
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Different Trading Currencies
EUAD is traded in USD, while PPL.TO is traded in CAD. To make them comparable, the PPL.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUAD achieves a -2.37% return, which is significantly lower than PPL.TO's 28.18% return.
EUAD
- 1D
- -0.77%
- 1M
- 5.27%
- YTD
- -2.37%
- 6M
- -0.54%
- 1Y
- 3.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPL.TO
- 1D
- -0.64%
- 1M
- -1.43%
- YTD
- 28.18%
- 6M
- 26.37%
- 1Y
- 32.53%
- 3Y*
- 22.00%
- 5Y*
- 13.84%
- 10Y*
- 10.60%
EUAD vs. PPL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | -2.37% | 74.51% | -6.86% |
PPL.TO Pembina Pipeline Corporation | 28.18% | 8.72% | -12.98% |
Correlation
The correlation between EUAD and PPL.TO is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | -0.06 |
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Return for Risk
EUAD vs. PPL.TO — Risk / Return Rank
EUAD
PPL.TO
EUAD vs. PPL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUAD | PPL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.80 | -2.67 |
| Martin ratioReturn relative to average drawdown | 0.30 | 6.47 | -6.17 |
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Drawdowns
EUAD vs. PPL.TO - Drawdown Comparison
The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum PPL.TO drawdown of -71.00%. Use the drawdown chart below to compare losses from any high point for EUAD and PPL.TO.
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Drawdown Indicators
| EUAD | PPL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -71.00% | +48.96% |
Max Drawdown (1Y)Largest decline over 1 year | -22.04% | -12.40% | -9.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.00% | — |
Current DrawdownCurrent decline from peak | -14.81% | -2.65% | -12.16% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -14.11% | +8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 5.35% | +3.99% |
Volatility
EUAD vs. PPL.TO - Volatility Comparison
Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 9.65% compared to Pembina Pipeline Corporation (PPL.TO) at 6.14%. This indicates that EUAD's price experiences larger fluctuations and is considered to be riskier 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
| EUAD | PPL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 6.14% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 24.40% | 13.80% | +10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.15% | 19.58% | +9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.90% | 19.85% | +10.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.90% | 31.56% | -1.66% |
Dividends
EUAD vs. PPL.TO - Dividend Comparison
EUAD's dividend yield for the trailing twelve months is around 0.41%, less than PPL.TO's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.41% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PPL.TO Pembina Pipeline Corporation | 4.20% | 5.39% | 5.15% | 5.82% | 5.55% | 6.57% | 8.37% | 4.90% | 5.53% | 4.48% | 4.52% | 5.97% |
Frequently Asked Questions
EUAD and PPL.TO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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