PPLN.TO vs. UTIL.TO

Last updated Jun 4, 2026

PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and UTIL.TO (Global X Equal Weight Canadian Utilities Index ETF) are both exchange-traded funds - PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index, while UTIL.TO is a Utilities Equities fund tracking the Mirae Asset Equal Weight Canadian Utilities Index. Both are passively managed. Over the past 3 years, PPLN.TO returned 18.78%/yr vs 13.20%/yr for UTIL.TO. At a 0.33 correlation, their price movements are largely independent.

Performance

PPLN.TO vs. UTIL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) and Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPLN.TO achieves a 29.04% return, which is significantly higher than UTIL.TO's 17.98% return.

PPLN.TO

• 1D: -0.24%
• 1M: 6.16%
• YTD: 29.04%
• 6M: 28.59%
• 1Y: 39.15%
• 3Y*: 18.78%
• 5Y*: 14.07%
• 10Y*: 10.87%

UTIL.TO

• 1D: -0.53%
• 1M: 5.15%
• YTD: 17.98%
• 6M: 15.99%
• 1Y: 26.91%
• 3Y*: 13.20%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PPLN.TO vs. UTIL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF	29.04%	4.14%	17.18%	8.45%	7.80%
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF	17.98%	19.08%	8.82%	-1.83%	-11.79%

Correlation

The correlation between PPLN.TO and UTIL.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Aug 11, 2022	0.33

The correlation between PPLN.TO and UTIL.TO shifts across timeframes, from 0.23 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PPLN.TO vs. UTIL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPLN.TO

PPLN.TO Risk / Return Rank: 77
PPLN.TO Sharpe Ratio Rank: 84
PPLN.TO Sortino Ratio Rank: 86
PPLN.TO Omega Ratio Rank: 80
PPLN.TO Calmar Ratio Rank: 76
PPLN.TO Martin Ratio Rank: 58

UTIL.TO

UTIL.TO Risk / Return Rank: 87
UTIL.TO Sharpe Ratio Rank: 85
UTIL.TO Sortino Ratio Rank: 86
UTIL.TO Omega Ratio Rank: 88
UTIL.TO Calmar Ratio Rank: 91
UTIL.TO Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PPLN.TO vs. UTIL.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 Equal Weight Canadian Utilities Index ETF (UTIL.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.

	PPLN.TO	UTIL.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.82	-0.09
Sortino ratio: Return per unit of downside risk	3.85	3.92	-0.06
Omega ratio: Gain probability vs. loss probability	1.47	1.56	-0.08
Calmar ratio: Return relative to maximum drawdown	3.85	5.86	-2.01
Martin ratio: Return relative to average drawdown	10.25	16.26	-6.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPLN.TO vs. UTIL.TO - Sharpe Ratio Comparison

The current PPLN.TO Sharpe Ratio is 2.73, which is comparable to the UTIL.TO Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of PPLN.TO and UTIL.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PPLN.TO	UTIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	2.82	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.61	-0.28

Drawdowns

PPLN.TO vs. UTIL.TO - Drawdown Comparison

The maximum PPLN.TO drawdown since its inception was -59.05%, which is greater than UTIL.TO's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and UTIL.TO.

Drawdown Indicators

	PPLN.TO	UTIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-25.61%	-33.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.22%	-4.62%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.31%	-17.44%	+2.13%
Max Drawdown (5Y) Largest decline over 5 years	-18.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.05%	—	—
Current Drawdown Current decline from peak	-2.93%	-1.15%	-1.78%
Average Drawdown Average peak-to-trough decline	-9.47%	-7.89%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	1.67%	+2.17%

Volatility

PPLN.TO vs. UTIL.TO - Volatility Comparison

Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has a higher volatility of 5.77% compared to Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) at 3.44%. This indicates that PPLN.TO's price experiences larger fluctuations and is considered to be riskier than UTIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPLN.TO	UTIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	3.44%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	7.87%	+3.69%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	9.60%	+4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	12.55%	+4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	12.55%	+10.65%

Dividends

PPLN.TO vs. UTIL.TO - Dividend Comparison

PPLN.TO's dividend yield for the trailing twelve months is around 4.26%, more than UTIL.TO's 3.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF	4.26%	4.35%	2.94%	3.77%	3.23%	3.47%	5.76%	4.40%	5.21%	4.31%	3.99%	4.41%
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF	3.39%	4.07%	4.38%	4.45%	1.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PPLN.TO and UTIL.TO in my portfolio?

PPLN.TO and UTIL.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between PPLN.TO and UTIL.TO?

PPLN.TO is categorized as Energy Equities, while UTIL.TO is Utilities Equities. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while UTIL.TO tracks Mirae Asset Equal Weight Canadian Utilities Index.