PBA vs. VEA
PBA (Pembina Pipeline Corporation) is a stock, while VEA (Vanguard FTSE Developed Markets ETF) is Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Over the past 10 years, PBA returned 11.48%/yr vs 10.05%/yr for VEA. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
PBA vs. VEA - Performance Comparison
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Returns By Period
In the year-to-date period, PBA achieves a 31.50% return, which is significantly higher than VEA's 13.84% return. Over the past 10 years, PBA has outperformed VEA with an annualized return of 11.48%, while VEA has yielded a comparatively lower 10.05% annualized return.
PBA
- 1D
- -2.97%
- 1M
- 5.36%
- 6M
- 20.37%
- YTD
- 31.50%
- 1Y
- 38.13%
- 3Y*
- 22.61%
- 5Y*
- 14.19%
- 10Y*
- 11.48%
- ALL TIME*
- 11.31%
VEA
- 1D
- -0.66%
- 1M
- -0.27%
- 6M
- 7.42%
- YTD
- 13.84%
- 1Y
- 29.71%
- 3Y*
- 18.08%
- 5Y*
- 9.76%
- 10Y*
- 10.05%
- ALL TIME*
- 5.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.06M | $47.29M | $57.18M | |
| $674.44M | $796.70M | $806.62M |
PBA vs. VEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBA Pembina Pipeline Corporation | 31.50% | 8.55% | 13.16% | 7.81% | 18.33% | 36.99% | -30.57% | 31.15% | -13.66% | 21.15% |
VEA Vanguard FTSE Developed Markets ETF | 13.84% | 35.16% | 3.15% | 17.93% | -15.34% | 11.66% | 9.71% | 22.62% | -14.75% | 26.42% |
Correlation
The correlation between PBA and VEA is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2010 | 0.47 |
The correlation between PBA and VEA shifts across timeframes, from -0.02 (1 year) to 0.48 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PBA vs. VEA — Risk / Return Rank
PBA
VEA
PBA vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PBA) and Vanguard FTSE Developed Markets ETF (VEA). 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.
| PBA | VEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.53 | +0.65 |
| Martin ratioReturn relative to average drawdown | 7.21 | 9.44 | -2.24 |
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Drawdowns
PBA vs. VEA - Drawdown Comparison
The maximum PBA drawdown since its inception was -70.87%, which is greater than VEA's maximum drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for PBA and VEA.
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Drawdown Indicators
| PBA | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -60.68% | -10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -11.63% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -13.45% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -29.71% | +2.34% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -35.73% | -35.14% |
Current DrawdownCurrent decline from peak | -4.75% | -2.45% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -14.92% | -13.20% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 3.10% | +2.21% |
Volatility
PBA vs. VEA - Volatility Comparison
Pembina Pipeline Corporation (PBA) has a higher volatility of 7.30% compared to Vanguard FTSE Developed Markets ETF (VEA) at 5.40%. This indicates that PBA's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBA | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 5.40% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 15.40% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 17.25% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 16.84% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.88% | 17.21% | +15.67% |
Dividends
PBA vs. VEA - Dividend Comparison
PBA's dividend yield for the trailing twelve months is around 4.23%, more than VEA's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBA Pembina Pipeline Corporation | 4.23% | 5.34% | 5.39% | 5.70% | 5.78% | 6.71% | 8.56% | 4.80% | 5.81% | 4.36% | 4.19% | 6.48% |
VEA Vanguard FTSE Developed Markets ETF | 2.57% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Frequently Asked Questions
PBA and VEA have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBA has higher volatility (7.30%) compared to VEA (5.40%). In terms of maximum drawdown, PBA dropped -70.87% vs VEA's -60.68%.
PBA currently has the higher Sharpe Ratio (1.91 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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