PPL.TO vs. KEY.TO
Compare and contrast key facts about Pembina Pipeline Corporation (PPL.TO) and Keyera Corp. (KEY.TO).
Performance
PPL.TO vs. KEY.TO - Performance Comparison
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PPL.TO vs. KEY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPL.TO Pembina Pipeline Corporation | 20.48% | 3.76% | 25.16% | 7.89% | 28.42% | 42.17% | -29.26% | 24.75% | -6.28% | 13.75% |
KEY.TO Keyera Corp. | 23.53% | 5.61% | 47.74% | 18.18% | 13.34% | 38.37% | -25.07% | 42.73% | -23.29% | -8.60% |
Fundamentals
PPL.TO:
CA$36.24B
KEY.TO:
CA$12.34B
PPL.TO:
CA$2.91
KEY.TO:
CA$1.89
PPL.TO:
21.39
KEY.TO:
28.53
PPL.TO:
0.82
KEY.TO:
3.88
PPL.TO:
4.63
KEY.TO:
1.80
PPL.TO:
2.41
KEY.TO:
4.46
PPL.TO:
CA$7.82B
KEY.TO:
CA$6.86B
PPL.TO:
CA$3.01B
KEY.TO:
CA$2.64B
PPL.TO:
CA$3.50B
KEY.TO:
CA$1.21B
Returns By Period
In the year-to-date period, PPL.TO achieves a 20.48% return, which is significantly lower than KEY.TO's 23.53% return. Over the past 10 years, PPL.TO has outperformed KEY.TO with an annualized return of 13.92%, while KEY.TO has yielded a comparatively lower 10.88% annualized return.
PPL.TO
- 1D
- -1.08%
- 1M
- 5.09%
- YTD
- 20.48%
- 6M
- 13.45%
- 1Y
- 13.92%
- 3Y*
- 20.21%
- 5Y*
- 19.71%
- 10Y*
- 13.92%
KEY.TO
- 1D
- -0.68%
- 1M
- 4.40%
- YTD
- 23.53%
- 6M
- 17.83%
- 1Y
- 26.03%
- 3Y*
- 30.57%
- 5Y*
- 24.38%
- 10Y*
- 10.88%
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Return for Risk
PPL.TO vs. KEY.TO — Risk / Return Rank
PPL.TO
KEY.TO
PPL.TO vs. KEY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PPL.TO) and Keyera Corp. (KEY.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.TO | KEY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 1.21 | -0.52 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.70 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.65 | -0.72 |
Martin ratioReturn relative to average drawdown | 1.63 | 4.23 | -2.60 |
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.TO | KEY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.21 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.20 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.36 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.67 | -0.09 |
Correlation
The correlation between PPL.TO and KEY.TO is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PPL.TO vs. KEY.TO - Dividend Comparison
PPL.TO's dividend yield for the trailing twelve months is around 4.56%, more than KEY.TO's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPL.TO Pembina Pipeline Corporation | 4.56% | 5.39% | 7.09% | 7.93% | 6.97% | 10.89% | 13.89% | 4.90% | 5.53% | 4.48% | 4.53% | 5.98% |
KEY.TO Keyera Corp. | 3.98% | 5.28% | 6.51% | 8.68% | 9.16% | 9.36% | 11.76% | 7.52% | 6.70% | 4.66% | 3.81% | 3.51% |
Drawdowns
PPL.TO vs. KEY.TO - Drawdown Comparison
The maximum PPL.TO drawdown since its inception was -68.48%, smaller than the maximum KEY.TO drawdown of -72.36%. Use the drawdown chart below to compare losses from any high point for PPL.TO and KEY.TO.
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Drawdown Indicators
| PPL.TO | KEY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.48% | -72.36% | +3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -15.97% | -16.25% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.27% | -19.61% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -68.48% | -70.75% | +2.27% |
Current DrawdownCurrent decline from peak | -2.04% | -1.10% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -10.88% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.06% | 6.32% | +2.74% |
Volatility
PPL.TO vs. KEY.TO - Volatility Comparison
Pembina Pipeline Corporation (PPL.TO) has a higher volatility of 3.78% compared to Keyera Corp. (KEY.TO) at 3.38%. This indicates that PPL.TO's price experiences larger fluctuations and is considered to be riskier than KEY.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.TO | KEY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.38% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 14.74% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 21.68% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 20.49% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.82% | 30.09% | +0.73% |
Financials
PPL.TO vs. KEY.TO - Financials Comparison
This section allows you to compare key financial metrics between Pembina Pipeline Corporation and Keyera Corp.. 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
PPL.TO vs. KEY.TO - Profitability Comparison
PPL.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pembina Pipeline Corporation reported a gross profit of 678.00M and revenue of 1.96B. Therefore, the gross margin over that period was 34.7%.
KEY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Keyera Corp. reported a gross profit of 1.70B and revenue of 1.70B. Therefore, the gross margin over that period was 100.0%.
PPL.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pembina Pipeline Corporation reported an operating income of 572.00M and revenue of 1.96B, resulting in an operating margin of 29.2%.
KEY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Keyera Corp. reported an operating income of 0.00 and revenue of 1.70B, resulting in an operating margin of 0.0%.
PPL.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pembina Pipeline Corporation reported a net income of 489.00M and revenue of 1.96B, resulting in a net margin of 25.0%.
KEY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Keyera Corp. reported a net income of 90.27M and revenue of 1.70B, resulting in a net margin of 5.3%.