PPLN.TO vs. XCLN.TO

Last updated Aug 5, 2026

PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and XCLN.TO (iShares Global Clean Energy Index ETF) are both exchange-traded funds - PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index, while XCLN.TO is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 3 years, PPLN.TO returned 16.60%/yr vs 4.53%/yr for XCLN.TO. Their 0.10 correlation means their historical movements had little consistent relationship. PPLN.TO charges 0.31%/yr vs 0.35%/yr for XCLN.TO.

Performance

PPLN.TO vs. XCLN.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 iShares Global Clean Energy Index ETF (XCLN.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 29.42% return, which is significantly higher than XCLN.TO's 16.27% 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%

XCLN.TO

• 1D: 4.72%
• 1M: -7.99%
• 6M: 3.70%
• YTD: 16.27%
• 1Y: 37.05%
• 3Y*: 4.53%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.66%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF	CA$660.10K	CA$655.42K	CA$723.74K
XCLN.TO iShares Global Clean Energy Index ETF	CA$54.59K	CA$78.19K	CA$109.63K

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

	2026 (YTD)	2025	2024	2023	2022
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF	29.42%	4.14%	17.18%	8.45%	5.46%
XCLN.TO iShares Global Clean Energy Index ETF	16.27%	35.62%	-19.86%	-21.98%	8.76%

Correlation

The correlation between PPLN.TO and XCLN.TO is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.07
Correlation (3Y) Balances recent behavior with more history.	0.03
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.10

The correlation between PPLN.TO and XCLN.TO shifts across timeframes, from -0.07 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

PPLN.TO

PPLN.TO Risk / Return Rank: 86
PPLN.TO Sharpe Ratio Rank: 91
PPLN.TO Sortino Ratio Rank: 91
PPLN.TO Omega Ratio Rank: 88
PPLN.TO Calmar Ratio Rank: 88
PPLN.TO Martin Ratio Rank: 72

XCLN.TO

XCLN.TO Risk / Return Rank: 39
XCLN.TO Sharpe Ratio Rank: 41
XCLN.TO Sortino Ratio Rank: 40
XCLN.TO Omega Ratio Rank: 39
XCLN.TO Calmar Ratio Rank: 36
XCLN.TO Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PPLN.TO vs. XCLN.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 iShares Global Clean Energy Index ETF (XCLN.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	XCLN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.51	1.18	+1.33
Sortino ratio: Return per unit of downside risk	3.51	1.68	+1.84
Omega ratio: Gain probability vs. loss probability	1.43	1.21	+0.22
Calmar ratio: Return relative to maximum drawdown	3.86	1.41	+2.45
Martin ratio: Return relative to average drawdown	10.10	4.79	+5.31

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

The current PPLN.TO Sharpe Ratio is 2.51, which is higher than the XCLN.TO Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of PPLN.TO and XCLN.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.

Drawdowns

PPLN.TO vs. XCLN.TO - Drawdown Comparison

The maximum PPLN.TO drawdown since its inception was -59.05%, which is greater than XCLN.TO's maximum drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and XCLN.TO.

Drawdown Indicators

	PPLN.TO	XCLN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-49.29%	-9.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.22%	-26.42%	+16.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.31%	-33.68%	+18.37%
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	-5.97%	-19.53%	+13.56%
Average Drawdown Average peak-to-trough decline	-9.36%	-25.25%	+15.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	7.76%	-3.86%

Volatility

PPLN.TO vs. XCLN.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) is 6.13%, while iShares Global Clean Energy Index ETF (XCLN.TO) has a volatility of 11.05%. This indicates that PPLN.TO experiences smaller price fluctuations and is considered to be less risky than XCLN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPLN.TO	XCLN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	11.05%	-4.92%
Volatility (6M) Calculated over the trailing 6-month period	12.49%	25.34%	-12.85%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	31.61%	-15.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	26.45%	-8.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	26.45%	-3.25%

PPLN.TO vs. XCLN.TO - Expense Ratio Comparison

PPLN.TO has a 0.31% expense ratio, which is lower than XCLN.TO's 0.35% expense ratio.

Dividends

PPLN.TO vs. XCLN.TO - Dividend Comparison

PPLN.TO's dividend yield for the trailing twelve months is around 4.27%, more than XCLN.TO's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF	4.27%	4.35%	2.94%	3.77%	3.23%	3.47%	5.76%	4.40%	5.21%	4.31%	3.99%	4.41%
XCLN.TO iShares Global Clean Energy Index ETF	0.88%	1.51%	1.24%	1.15%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

PPLN.TO and XCLN.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PPLN.TO or XCLN.TO?

On fees, PPLN.TO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PPLN.TO or XCLN.TO?

PPLN.TO is cheaper with a 0.31% expense ratio, compared with 0.35% for XCLN.TO.

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

PPLN.TO is categorized as Energy Equities, while XCLN.TO is Alternative Energy Equities. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while XCLN.TO tracks S&P Global Clean Energy Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.31% for PPLN.TO and 0.35% for XCLN.TO.