PPL.TO vs. UTEN
PPL.TO (Pembina Pipeline Corporation) is a stock, while UTEN (US Treasury 10 Year Note ETF) is Government Bonds fund tracking the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross. Over the past 3 years, PPL.TO returned 23.83%/yr vs 3.82%/yr for UTEN. At a correlation of -0.01, they often move in opposite directions.
Performance
PPL.TO vs. UTEN - Performance Comparison
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Different Trading Currencies
PPL.TO is traded in CAD, while UTEN is traded in USD. To make them comparable, the UTEN 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 UTEN's 1.53% 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%
UTEN
- 1D
- -0.02%
- 1M
- 2.32%
- YTD
- 1.53%
- 6M
- 1.29%
- 1Y
- 6.77%
- 3Y*
- 3.82%
- 5Y*
- —
- 10Y*
- —
PPL.TO vs. UTEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PPL.TO Pembina Pipeline Corporation | 30.78% | 3.76% | 22.71% | 5.56% | 1.38% |
UTEN US Treasury 10 Year Note ETF | 1.53% | 2.89% | 6.65% | 0.73% | -2.83% |
Correlation
The correlation between PPL.TO and UTEN is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.01 |
The correlation between PPL.TO and UTEN shifts across timeframes, from -0.10 (1 year) to 0.00 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PPL.TO vs. UTEN — Risk / Return Rank
PPL.TO
UTEN
PPL.TO vs. UTEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PPL.TO) and US Treasury 10 Year Note ETF (UTEN). 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 | UTEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.14 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.00 | +1.94 |
| Martin ratioReturn relative to average drawdown | 6.93 | 2.14 | +4.79 |
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Drawdowns
PPL.TO vs. UTEN - Drawdown Comparison
The maximum PPL.TO drawdown since its inception was -68.76%, which is greater than UTEN's maximum drawdown of -10.42%. Use the drawdown chart below to compare losses from any high point for PPL.TO and UTEN.
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Drawdown Indicators
| PPL.TO | UTEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -10.42% | -58.34% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -5.78% | -7.04% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -6.95% | -9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.76% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -2.45% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -3.64% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 2.70% | +2.73% |
Volatility
PPL.TO vs. UTEN - Volatility Comparison
Pembina Pipeline Corporation (PPL.TO) has a higher volatility of 6.30% compared to US Treasury 10 Year Note ETF (UTEN) at 2.00%. This indicates that PPL.TO's price experiences larger fluctuations and is considered to be riskier than UTEN 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 | UTEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 2.00% | +4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 4.69% | +8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 7.11% | +11.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 9.99% | +8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.89% | 9.99% | +20.90% |
Dividends
PPL.TO vs. UTEN - Dividend Comparison
PPL.TO's dividend yield for the trailing twelve months is around 4.20%, more than UTEN's 4.04% 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% |
UTEN US Treasury 10 Year Note ETF | 4.04% | 4.11% | 4.13% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPL.TO and UTEN have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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