PPL-PO.TO vs. TRP.TO
PPL-PO.TO (Pembina Pipeline Corporation) and TRP.TO (TC Energy Corporation) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, PPL-PO.TO returned 12.59%/yr vs 12.29%/yr for TRP.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
PPL-PO.TO vs. TRP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PPL-PO.TO achieves a 3.97% return, which is significantly lower than TRP.TO's 27.97% return. Both investments have delivered pretty close results over the past 10 years, with PPL-PO.TO having a 12.59% annualized return and TRP.TO not far behind at 12.29%.
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%
TRP.TO
- 1D
- 1.60%
- 1M
- 7.06%
- YTD
- 27.97%
- 6M
- 29.50%
- 1Y
- 42.73%
- 3Y*
- 31.78%
- 5Y*
- 17.29%
- 10Y*
- 12.29%
PPL-PO.TO vs. TRP.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% |
TRP.TO TC Energy Corporation | 27.97% | 18.35% | 51.38% | 3.03% | -2.77% | 20.35% | -20.74% | 48.50% | -16.00% | 5.23% |
Correlation
The correlation between PPL-PO.TO and TRP.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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2012 | 0.09 |
Fundamentals
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Return for Risk
PPL-PO.TO vs. TRP.TO — Risk / Return Rank
PPL-PO.TO
TRP.TO
PPL-PO.TO vs. TRP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PPL-PO.TO) and TC Energy Corporation (TRP.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 | TRP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 4.89 | -1.18 |
| Martin ratioReturn relative to average drawdown | 13.83 | 11.72 | +2.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPL-PO.TO | TRP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.50 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.90 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.54 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.54 | -0.33 |
Drawdowns
PPL-PO.TO vs. TRP.TO - Drawdown Comparison
The maximum PPL-PO.TO drawdown since its inception was -63.75%, which is greater than TRP.TO's maximum drawdown of -60.13%. Use the drawdown chart below to compare losses from any high point for PPL-PO.TO and TRP.TO.
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Drawdown Indicators
| PPL-PO.TO | TRP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -60.13% | -3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.88% | -8.75% | +4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -17.31% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.96% | -33.81% | +11.85% |
Max Drawdown (10Y)Largest decline over 10 years | -62.70% | -36.30% | -26.40% |
Current DrawdownCurrent decline from peak | -2.88% | -2.20% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -8.97% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 3.67% | -2.63% |
Volatility
PPL-PO.TO vs. TRP.TO - Volatility Comparison
The current volatility for Pembina Pipeline Corporation (PPL-PO.TO) is 3.61%, while TC Energy Corporation (TRP.TO) has a volatility of 5.79%. This indicates that PPL-PO.TO experiences smaller price fluctuations and is considered to be less risky than TRP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPL-PO.TO | TRP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 5.79% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 5.89% | 12.97% | -7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.96% | 17.12% | -9.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 19.23% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 23.07% | -1.54% |
Dividends
PPL-PO.TO vs. TRP.TO - Dividend Comparison
PPL-PO.TO's dividend yield for the trailing twelve months is around 5.92%, more than TRP.TO's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRP.TO TC Energy Corporation | 3.58% | 4.50% | 5.15% | 7.19% | 6.67% | 5.92% | 6.27% | 4.34% | 5.67% | 4.09% | 3.74% | 4.61% |
Financials
PPL-PO.TO vs. TRP.TO - Financials Comparison
This section allows you to compare key financial metrics between Pembina Pipeline Corporation and TC Energy 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.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
PPL-PO.TO and TRP.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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