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IXJ vs. PPL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXJ vs. PPL.TO

Last updated Jun 14, 2026

IXJ (iShares Global Healthcare ETF) is Health & Biotech Equities fund tracking the S&P Global Healthcare Sector Index, while PPL.TO (Pembina Pipeline Corporation) is a stock. Over the past 10 years, IXJ returned 8.43%/yr vs 10.60%/yr for PPL.TO. At a 0.25 correlation, their price movements are largely independent.

Performance

IXJ vs. PPL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Healthcare ETF (IXJ) and Pembina Pipeline Corporation (PPL.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IXJ 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, IXJ achieves a -1.18% return, which is significantly lower than PPL.TO's 28.18% return. Over the past 10 years, IXJ has underperformed PPL.TO with an annualized return of 8.43%, while PPL.TO has yielded a comparatively higher 10.60% annualized return.

IXJ

1D
-0.24%
1M
3.58%
YTD
-1.18%
6M
-0.09%
1Y
11.25%
3Y*
5.65%
5Y*
4.37%
10Y*
8.43%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXJ vs. PPL.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXJ
iShares Global Healthcare ETF		-1.18%14.99%0.55%3.62%-4.94%19.60%12.74%23.23%2.83%20.44%
PPL.TO
Pembina Pipeline Corporation		28.18%8.72%13.13%8.13%19.09%36.19%-30.75%30.11%-13.55%22.01%

Correlation

The correlation between IXJ and PPL.TO is -0.03, 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

-0.03

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

0.16

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

0.21

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

0.26

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.25

The correlation between IXJ and PPL.TO shifts across timeframes, from -0.03 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Healthcare ETF

Pembina Pipeline Corporation

Often compared with IXJ:
IXJ vs. XLVIXJ vs. VHTIXJ vs. IHIIXJ vs. XDWH.LIXJ vs. FHLCIXJ vs. IVVIXJ vs. HLTH.L
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

IXJ vs. PPL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXJ
IXJ Risk / Return Rank: 2222
Overall Rank
IXJ Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
IXJ Sortino Ratio Rank: 2323
Sortino Ratio Rank
IXJ Omega Ratio Rank: 2121
Omega Ratio Rank
IXJ Calmar Ratio Rank: 2323
Calmar Ratio Rank
IXJ Martin Ratio Rank: 2121
Martin Ratio Rank
PPL.TO
PPL.TO Risk / Return Rank: 8686
Overall Rank
PPL.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
PPL.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
PPL.TO Omega Ratio Rank: 8686
Omega Ratio Rank
PPL.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
PPL.TO Martin Ratio Rank: 8383
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.

IXJ vs. PPL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) 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.

IXJPPL.TODifference
Sharpe ratioReturn per unit of total volatility
0.69
1.77

-1.09

Sortino ratioReturn per unit of downside risk
1.14
2.41

-1.27

Omega ratioGain probability vs. loss probability

1.13

1.31

-0.18

Calmar ratioReturn relative to maximum drawdown

0.95

2.80

-1.85

Martin ratioReturn relative to average drawdown

2.29

6.47

-4.18

IXJ vs. PPL.TO - Sharpe Ratio Comparison

The current IXJ Sharpe Ratio is 0.69, which is lower than the PPL.TO Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of IXJ 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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Drawdowns

IXJ vs. PPL.TO - Drawdown Comparison

The maximum IXJ drawdown since its inception was -40.60%, smaller than the maximum PPL.TO drawdown of -71.00%. Use the drawdown chart below to compare losses from any high point for IXJ and PPL.TO.

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Drawdown Indicators

IXJPPL.TODifference

Max Drawdown

Largest peak-to-trough decline

-40.60%

-71.00%

+30.40%

Max Drawdown (1Y)

Largest decline over 1 year

-10.78%

-12.40%

+1.62%

Max Drawdown (3Y)

Largest decline over 3 years

-18.14%

-19.03%

+0.89%

Max Drawdown (5Y)

Largest decline over 5 years

-18.14%

-26.90%

+8.76%

Max Drawdown (10Y)

Largest decline over 10 years

-27.35%

-71.00%

+43.65%

Current Drawdown

Current decline from peak

-5.37%

-2.65%

-2.72%

Average Drawdown

Average peak-to-trough decline

-6.92%

-14.11%

+7.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.52%

5.35%

-0.83%

Volatility

IXJ vs. PPL.TO - Volatility Comparison

The current volatility for iShares Global Healthcare ETF (IXJ) is 4.81%, while Pembina Pipeline Corporation (PPL.TO) has a volatility of 6.14%. This indicates that IXJ 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

IXJPPL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.81%

6.14%

-1.33%

Volatility (6M)

Calculated over the trailing 6-month period

10.46%

13.80%

-3.34%

Volatility (1Y)

Calculated over the trailing 1-year period

14.92%

19.58%

-4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.26%

19.85%

-5.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.70%

31.56%

-15.86%

Dividends

IXJ vs. PPL.TO - Dividend Comparison

IXJ's dividend yield for the trailing twelve months is around 1.41%, less than PPL.TO's 4.20% yield.

PositionTTM20252024202320222021202020192018201720162015
IXJ
iShares Global Healthcare ETF		1.41%1.40%1.50%1.38%1.17%1.12%1.27%1.42%2.11%1.46%1.73%2.85%
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

IXJ and PPL.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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