PPLN.TO vs. XIC.TO
PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. Both are passively managed. Over the past 10 years, PPLN.TO returned 10.87%/yr vs 12.48%/yr for XIC.TO. At a 0.48 correlation, their price movements are largely independent. PPLN.TO charges 0.31%/yr vs 0.06%/yr for XIC.TO.
Performance
PPLN.TO vs. XIC.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 XIC.TO's 10.75% return. Over the past 10 years, PPLN.TO has underperformed XIC.TO with an annualized return of 10.87%, while XIC.TO has yielded a comparatively higher 12.48% annualized 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%
XIC.TO
- 1D
- -1.05%
- 1M
- 3.59%
- YTD
- 10.75%
- 6M
- 12.90%
- 1Y
- 34.79%
- 3Y*
- 23.62%
- 5Y*
- 14.60%
- 10Y*
- 12.48%
PPLN.TO vs. XIC.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% | -2.67% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 10.75% | 31.51% | 21.48% | 11.73% | -5.82% | 23.42% | 5.61% | 22.76% | -8.72% | 8.99% |
Correlation
The correlation between PPLN.TO and XIC.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.48 |
Over the past year, the correlation between PPLN.TO and XIC.TO has dropped to 0.06 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
PPLN.TO vs. XIC.TO — Risk / Return Rank
PPLN.TO
XIC.TO
PPLN.TO vs. XIC.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 S&P/TSX Capped Composite Index ETF (XIC.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 | XIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.50 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.76 | +0.08 |
| Martin ratioReturn relative to average drawdown | 10.25 | 17.44 | -7.19 |
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 | XIC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 2.76 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.12 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.84 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.54 | -0.21 |
Drawdowns
PPLN.TO vs. XIC.TO - Drawdown Comparison
The maximum PPLN.TO drawdown since its inception was -59.05%, which is greater than XIC.TO's maximum drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and XIC.TO.
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Drawdown Indicators
| PPLN.TO | XIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -48.21% | -10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -9.29% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -12.27% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -16.24% | -2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | -37.21% | -21.84% |
Current DrawdownCurrent decline from peak | -2.93% | -1.05% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -7.04% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.00% | +1.84% |
Volatility
PPLN.TO vs. XIC.TO - Volatility Comparison
Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has a higher volatility of 5.77% compared to iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) at 3.48%. This indicates that PPLN.TO's price experiences larger fluctuations and is considered to be riskier than XIC.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 | XIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 3.48% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 10.33% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 12.67% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 13.13% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 14.96% | +8.24% |
PPLN.TO vs. XIC.TO - Expense Ratio Comparison
PPLN.TO has a 0.31% expense ratio, which is higher than XIC.TO's 0.06% expense ratio.
Dividends
PPLN.TO vs. XIC.TO - Dividend Comparison
PPLN.TO's dividend yield for the trailing twelve months is around 4.26%, more than XIC.TO's 2.02% 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% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.02% | 2.23% | 2.64% | 2.95% | 3.10% | 2.44% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% |
Frequently Asked Questions
PPLN.TO and XIC.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.31% for PPLN.TO.
PPLN.TO is categorized as Energy Equities, while XIC.TO is Canada Equities. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while XIC.TO tracks S&P/TSX Capped Composite Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.31% for PPLN.TO and 0.06% for XIC.TO.
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