PPLN.TO vs. XDIV.TO
PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, PPLN.TO returned 14.07%/yr vs 16.42%/yr for XDIV.TO. A 0.54 correlation means they provide meaningful diversification when combined. PPLN.TO charges 0.31%/yr vs 0.11%/yr for XDIV.TO.
Performance
PPLN.TO vs. XDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PPLN.TO achieves a 29.04% return, which is significantly higher than XDIV.TO's 19.17% 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%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
PPLN.TO vs. XDIV.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 | 29.04% | 4.14% | 17.18% | 8.45% | 16.63% | 33.83% | -17.80% | 20.50% | -11.54% | -3.55% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Correlation
The correlation between PPLN.TO and XDIV.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.54 |
The correlation between PPLN.TO and XDIV.TO shifts across timeframes, from 0.34 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PPLN.TO vs. XDIV.TO — Risk / Return Rank
PPLN.TO
XDIV.TO
PPLN.TO vs. XDIV.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 Core MSCI Canadian Quality Dividend Index ETF (XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 2.03 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 16.64 | -12.79 |
| Martin ratioReturn relative to average drawdown | 10.25 | 56.55 | -46.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPLN.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 4.94 | -2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.57 | -0.76 |
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 | 0.81 | -0.47 |
Drawdowns
PPLN.TO vs. XDIV.TO - Drawdown Comparison
The maximum PPLN.TO drawdown since its inception was -59.05%, which is greater than XDIV.TO's maximum drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and XDIV.TO.
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Drawdown Indicators
| PPLN.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -41.30% | -17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -2.33% | -7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -10.53% | -4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -17.60% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -0.09% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -4.25% | -5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 0.69% | +3.15% |
Volatility
PPLN.TO vs. XDIV.TO - Volatility Comparison
Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has a higher volatility of 5.77% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that PPLN.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 2.81% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 6.36% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 7.85% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 10.53% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 16.01% | +7.19% |
PPLN.TO vs. XDIV.TO - Expense Ratio Comparison
PPLN.TO has a 0.31% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Dividends
PPLN.TO vs. XDIV.TO - Dividend Comparison
PPLN.TO's dividend yield for the trailing twelve months is around 4.26%, more than XDIV.TO's 3.28% 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% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% | 0.00% |
Frequently Asked Questions
PPLN.TO and XDIV.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.31% for PPLN.TO.
PPLN.TO is categorized as Energy Equities, while XDIV.TO is Dividend. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.31% for PPLN.TO and 0.11% for XDIV.TO.
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