PPL.TO vs. REMX
PPL.TO (Pembina Pipeline Corporation) is a stock, while REMX (VanEck Rare Earth and Strategic Metals ETF) is Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Over the past 10 years, PPL.TO returned 11.55%/yr vs 11.26%/yr for REMX. At a 0.28 correlation, their price movements are largely independent.
Performance
PPL.TO vs. REMX - Performance Comparison
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Different Trading Currencies
PPL.TO is traded in CAD, while REMX is traded in USD. To make them comparable, the REMX values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with PPL.TO having a 30.78% return and REMX slightly higher at 31.81%. Both investments have delivered pretty close results over the past 10 years, with PPL.TO having a 11.55% annualized return and REMX not far behind at 11.26%.
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%
REMX
- 1D
- 2.92%
- 1M
- -2.49%
- YTD
- 31.81%
- 6M
- 36.12%
- 1Y
- 152.10%
- 3Y*
- 6.73%
- 5Y*
- 7.87%
- 10Y*
- 11.26%
PPL.TO vs. REMX - 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% |
REMX VanEck Rare Earth and Strategic Metals ETF | 31.81% | 84.14% | -29.51% | -21.11% | -26.76% | 79.72% | 60.91% | -3.42% | -45.40% | 70.24% |
Correlation
The correlation between PPL.TO and REMX is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010 | 0.28 |
Over the past year, the correlation between PPL.TO and REMX has dropped to 0.00 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
PPL.TO vs. REMX — Risk / Return Rank
PPL.TO
REMX
PPL.TO vs. REMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PPL.TO) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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 | REMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 6.57 | -3.63 |
| Martin ratioReturn relative to average drawdown | 6.93 | 17.56 | -10.63 |
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Drawdowns
PPL.TO vs. REMX - Drawdown Comparison
The maximum PPL.TO drawdown since its inception was -68.76%, smaller than the maximum REMX drawdown of -85.86%. Use the drawdown chart below to compare losses from any high point for PPL.TO and REMX.
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Drawdown Indicators
| PPL.TO | REMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -85.86% | +17.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -22.97% | +10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -59.08% | +42.72% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -69.70% | +49.51% |
Max Drawdown (10Y)Largest decline over 10 years | -68.76% | -69.70% | +0.94% |
Current DrawdownCurrent decline from peak | -1.26% | -36.08% | +34.82% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -58.95% | +48.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 8.58% | -3.15% |
Volatility
PPL.TO vs. REMX - Volatility Comparison
The current volatility for Pembina Pipeline Corporation (PPL.TO) is 6.30%, while VanEck Rare Earth and Strategic Metals ETF (REMX) has a volatility of 17.69%. This indicates that PPL.TO experiences smaller price fluctuations and is considered to be less risky than REMX 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 | REMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 17.69% | -11.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 37.34% | -23.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 49.57% | -30.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 40.98% | -22.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.89% | 37.53% | -6.64% |
Dividends
PPL.TO vs. REMX - Dividend Comparison
PPL.TO's dividend yield for the trailing twelve months is around 4.20%, more than REMX's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPL.TO Pembina Pipeline Corporation | 4.20% | 5.39% | 5.15% | 5.82% | 5.55% | 6.57% | 8.37% | 4.90% | 5.53% | 4.48% | 4.52% | 5.97% |
REMX VanEck Rare Earth and Strategic Metals ETF | 1.36% | 1.76% | 2.56% | 0.00% | 1.56% | 5.25% | 0.81% | 1.64% | 12.43% | 2.89% | 2.23% | 4.77% |
Frequently Asked Questions
PPL.TO and REMX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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