PPLN.TO vs. HXQ.TO
PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, PPLN.TO returned 10.30%/yr vs 21.30%/yr for HXQ.TO. Their 0.16 correlation means their historical movements had little consistent relationship. PPLN.TO charges 0.31%/yr vs 0.25%/yr for HXQ.TO.
Performance
PPLN.TO vs. HXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PPLN.TO achieves a 29.42% return, which is significantly higher than HXQ.TO's 20.91% return. Over the past 10 years, PPLN.TO has underperformed HXQ.TO with an annualized return of 10.30%, while HXQ.TO has yielded a comparatively higher 21.30% annualized return.
PPLN.TO
- 1D
- -1.88%
- 1M
- 0.67%
- 6M
- 22.74%
- YTD
- 29.42%
- 1Y
- 39.27%
- 3Y*
- 16.60%
- 5Y*
- 14.53%
- 10Y*
- 10.30%
- ALL TIME*
- 7.69%
HXQ.TO
- 1D
- 5.54%
- 1M
- -0.77%
- 6M
- 21.27%
- YTD
- 20.91%
- 1Y
- 33.47%
- 3Y*
- 27.41%
- 5Y*
- 17.58%
- 10Y*
- 21.30%
- ALL TIME*
- 21.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$3.30M | CA$3.05M | CA$3.96M | |
| CA$660.10K | CA$655.42K | CA$723.74K |
PPLN.TO vs. HXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 29.42% | 4.14% | 17.18% | 8.45% | 16.63% | 33.83% | -17.80% | 20.50% | -11.54% | -2.67% |
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF | 20.91% | 15.05% | 35.98% | 51.16% | -27.84% | 26.20% | 45.58% | 32.26% | 6.71% | 23.12% |
Correlation
The correlation between PPLN.TO and HXQ.TO is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016 | 0.16 |
The correlation between PPLN.TO and HXQ.TO shifts across timeframes, from -0.25 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PPLN.TO vs. HXQ.TO — Risk / Return Rank
PPLN.TO
HXQ.TO
PPLN.TO vs. HXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.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.
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.
| PPLN.TO | HXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.31 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.71 | +1.15 |
| Martin ratioReturn relative to average drawdown | 10.10 | 7.81 | +2.29 |
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Drawdowns
PPLN.TO vs. HXQ.TO - Drawdown Comparison
The maximum PPLN.TO drawdown since its inception was -59.05%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and HXQ.TO.
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Drawdown Indicators
| PPLN.TO | HXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -31.60% | -27.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -12.43% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -22.58% | +7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -31.60% | +13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | -31.60% | -27.45% |
Current DrawdownCurrent decline from peak | -5.97% | -2.69% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -5.72% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 4.30% | -0.40% |
Volatility
PPLN.TO vs. HXQ.TO - Volatility Comparison
The current volatility for Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) is 6.13%, while Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) has a volatility of 8.65%. This indicates that PPLN.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPLN.TO | HXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 8.65% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 16.51% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 19.63% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 21.43% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 21.12% | +2.08% |
PPLN.TO vs. HXQ.TO - Expense Ratio Comparison
PPLN.TO has a 0.31% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.
Dividends
PPLN.TO vs. HXQ.TO - Dividend Comparison
PPLN.TO's dividend yield for the trailing twelve months is around 4.27%, while HXQ.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 4.27% | 4.35% | 2.94% | 3.77% | 3.23% | 3.47% | 5.76% | 4.40% | 5.21% | 4.31% | 3.99% | 4.41% |
Frequently Asked Questions
PPLN.TO and HXQ.TO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.31% for PPLN.TO.
PPLN.TO is categorized as Energy Equities, while HXQ.TO is Nasdaq-100. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while HXQ.TO tracks NASDAQ-100 Index. Their fees differ too: 0.31% for PPLN.TO and 0.25% for HXQ.TO.
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