PPL-PO.TO vs. FTS.TO

Last updated Jun 5, 2026

PPL-PO.TO (Pembina Pipeline Corporation) and FTS.TO (Fortis Inc.) are both stocks. PPL-PO.TO operates in Oil & Gas Midstream (Energy), while FTS.TO operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, PPL-PO.TO returned 12.59%/yr vs 10.52%/yr for FTS.TO. At a 0.02 correlation, their price movements are largely independent.

Performance

PPL-PO.TO vs. FTS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Pembina Pipeline Corporation (PPL-PO.TO) and Fortis Inc. (FTS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPL-PO.TO achieves a 3.97% return, which is significantly lower than FTS.TO's 9.34% return. Over the past 10 years, PPL-PO.TO has outperformed FTS.TO with an annualized return of 12.59%, while FTS.TO has yielded a comparatively lower 10.52% annualized return.

PPL-PO.TO

• 1D: 0.00%
• 1M: -0.15%
• YTD: 3.97%
• 6M: 5.31%
• 1Y: 14.48%
• 3Y*: 16.42%
• 5Y*: 9.74%
• 10Y*: 12.59%

FTS.TO

• 1D: 0.96%
• 1M: 0.99%
• YTD: 9.34%
• 6M: 10.39%
• 1Y: 20.92%
• 3Y*: 14.35%
• 5Y*: 10.94%
• 10Y*: 10.52%

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

PPL-PO.TO vs. FTS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPL-PO.TO Pembina Pipeline Corporation	3.97%	18.83%	28.07%	4.74%	-6.64%	49.97%	-1.38%	-2.91%	-14.28%	36.41%
FTS.TO Fortis Inc.	9.34%	23.93%	14.24%	4.76%	-7.87%	21.81%	0.04%	22.71%	2.74%	15.29%

Correlation

The correlation between PPL-PO.TO and FTS.TO is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Feb 15, 2012	0.02

Return for Risk

PPL-PO.TO vs. FTS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPL-PO.TO

PPL-PO.TO Risk / Return Rank: 86
PPL-PO.TO Sharpe Ratio Rank: 86
PPL-PO.TO Sortino Ratio Rank: 84
PPL-PO.TO Omega Ratio Rank: 85
PPL-PO.TO Calmar Ratio Rank: 86
PPL-PO.TO Martin Ratio Rank: 92

FTS.TO

FTS.TO Risk / Return Rank: 82
FTS.TO Sharpe Ratio Rank: 83
FTS.TO Sortino Ratio Rank: 80
FTS.TO Omega Ratio Rank: 78
FTS.TO Calmar Ratio Rank: 85
FTS.TO Martin Ratio Rank: 84

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.

PPL-PO.TO vs. FTS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PPL-PO.TO) and Fortis Inc. (FTS.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.

	PPL-PO.TO	FTS.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.59	+0.22
Sortino ratio: Return per unit of downside risk	2.60	2.33	+0.28
Omega ratio: Gain probability vs. loss probability	1.35	1.28	+0.07
Calmar ratio: Return relative to maximum drawdown	3.71	3.38	+0.33
Martin ratio: Return relative to average drawdown	13.83	8.14	+5.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPL-PO.TO vs. FTS.TO - Sharpe Ratio Comparison

The current PPL-PO.TO Sharpe Ratio is 1.81, which is comparable to the FTS.TO Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of PPL-PO.TO and FTS.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.

Sharpe Ratios by Period

	PPL-PO.TO	FTS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.59	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.76	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.63	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.65	-0.44

Drawdowns

PPL-PO.TO vs. FTS.TO - Drawdown Comparison

The maximum PPL-PO.TO drawdown since its inception was -63.75%, which is greater than FTS.TO's maximum drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for PPL-PO.TO and FTS.TO.

Drawdown Indicators

	PPL-PO.TO	FTS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-63.75%	-35.48%	-28.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.88%	-6.09%	+2.21%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-11.08%	-6.34%
Max Drawdown (5Y) Largest decline over 5 years	-21.96%	-24.01%	+2.05%
Max Drawdown (10Y) Largest decline over 10 years	-62.70%	-28.27%	-34.43%
Current Drawdown Current decline from peak	-2.88%	-3.40%	+0.52%
Average Drawdown Average peak-to-trough decline	-14.12%	-6.52%	-7.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	2.55%	-1.51%

Volatility

PPL-PO.TO vs. FTS.TO - Volatility Comparison

The current volatility for Pembina Pipeline Corporation (PPL-PO.TO) is 3.61%, while Fortis Inc. (FTS.TO) has a volatility of 4.81%. This indicates that PPL-PO.TO experiences smaller price fluctuations and is considered to be less risky than FTS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPL-PO.TO	FTS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	4.81%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	5.89%	10.36%	-4.47%
Volatility (1Y) Calculated over the trailing 1-year period	7.96%	12.95%	-4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	14.42%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	16.84%	+4.69%

Dividends

PPL-PO.TO vs. FTS.TO - Dividend Comparison

PPL-PO.TO's dividend yield for the trailing twelve months is around 5.92%, more than FTS.TO's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTS.TO Fortis Inc.	3.30%	3.48%	3.99%	4.19%	4.01%	3.36%	3.73%	3.39%	3.79%	3.52%	3.68%	3.73%
PPL-PO.TO Pembina Pipeline Corporation	5.92%	6.07%	6.77%	8.07%	6.19%	4.99%	7.10%	6.41%	5.82%	3.53%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both PPL-PO.TO and FTS.TO in my portfolio?

PPL-PO.TO and FTS.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.