PPL.TO vs. JPYUSD=X
PPL.TO (Pembina Pipeline Corporation) is a stock, while JPYUSD=X (JPY/USD) is a currency. Over the past 10 years, PPL.TO returned 11.55%/yr vs -3.44%/yr for JPYUSD=X. At a correlation of -0.11, they often move in opposite directions.
Performance
PPL.TO vs. JPYUSD=X - Performance Comparison
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Different Trading Currencies
PPL.TO is traded in CAD, while JPYUSD=X is traded in USD. To make them comparable, the JPYUSD=X values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PPL.TO achieves a 30.78% return, which is significantly higher than JPYUSD=X's -0.24% return. Over the past 10 years, PPL.TO has outperformed JPYUSD=X with an annualized return of 11.55%, while JPYUSD=X has yielded a comparatively lower -3.44% annualized return.
PPL.TO
- 1D
- -0.46%
- 1M
- 0.36%
- YTD
- 30.78%
- 6M
- 28.18%
- 1Y
- 36.20%
- 3Y*
- 23.83%
- 5Y*
- 17.18%
- 10Y*
- 11.55%
JPYUSD=X
- 1D
- 0.00%
- 1M
- 0.87%
- YTD
- -0.24%
- 6M
- -1.35%
- 1Y
- -7.60%
- 3Y*
- -2.81%
- 5Y*
- -4.59%
- 10Y*
- -3.44%
PPL.TO vs. JPYUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPL.TO Pembina Pipeline Corporation | 30.78% | 3.76% | 22.71% | 5.56% | 26.63% | 36.13% | -32.39% | 24.75% | -6.28% | 13.75% |
JPYUSD=X JPY/USD | -0.24% | -4.25% | -2.66% | -9.25% | -6.66% | -10.29% | 2.69% | -3.30% | 11.46% | -3.12% |
Correlation
The correlation between PPL.TO and JPYUSD=X is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | -0.11 |
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Return for Risk
PPL.TO vs. JPYUSD=X — Risk / Return Rank
PPL.TO
JPYUSD=X
PPL.TO vs. JPYUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PPL.TO) and JPY/USD (JPYUSD=X). 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.
| PPL.TO | JPYUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.74 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.87 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.60 | +3.54 |
| Martin ratioReturn relative to average drawdown | 6.93 | -0.99 | +7.91 |
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Drawdowns
PPL.TO vs. JPYUSD=X - Drawdown Comparison
The maximum PPL.TO drawdown since its inception was -68.76%, which is greater than JPYUSD=X's maximum drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for PPL.TO and JPYUSD=X.
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Drawdown Indicators
| PPL.TO | JPYUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -39.93% | -28.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -10.21% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -13.30% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -28.04% | +7.85% |
Max Drawdown (10Y)Largest decline over 10 years | -68.76% | -36.69% | -32.07% |
Current DrawdownCurrent decline from peak | -1.26% | -37.91% | +36.65% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -19.88% | +9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 6.65% | -1.22% |
Volatility
PPL.TO vs. JPYUSD=X - Volatility Comparison
Pembina Pipeline Corporation (PPL.TO) has a higher volatility of 6.30% compared to JPY/USD (JPYUSD=X) at 1.04%. This indicates that PPL.TO's price experiences larger fluctuations and is considered to be riskier than JPYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPL.TO | JPYUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 1.04% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 5.67% | +7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 8.26% | +10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 11.22% | +7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.89% | 10.93% | +19.96% |
Frequently Asked Questions
PPL.TO and JPYUSD=X have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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