PPLN.TO vs. XSB.TO
PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index, while XSB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, PPLN.TO returned 10.87%/yr vs 1.96%/yr for XSB.TO. At a correlation of -0.05, they often move in opposite directions. PPLN.TO charges 0.31%/yr vs 0.10%/yr for XSB.TO.
Performance
PPLN.TO vs. XSB.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 XSB.TO's 1.03% return. Over the past 10 years, PPLN.TO has outperformed XSB.TO with an annualized return of 10.87%, while XSB.TO has yielded a comparatively lower 1.96% 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%
XSB.TO
- 1D
- 0.04%
- 1M
- 0.93%
- YTD
- 1.03%
- 6M
- 0.80%
- 1Y
- 2.95%
- 3Y*
- 4.75%
- 5Y*
- 2.02%
- 10Y*
- 1.96%
PPLN.TO vs. XSB.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% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.03% | 3.70% | 5.87% | 4.67% | -4.04% | -1.11% | 5.20% | 3.20% | 1.60% | 0.13% |
Correlation
The correlation between PPLN.TO and XSB.TO is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | -0.05 |
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Return for Risk
PPLN.TO vs. XSB.TO — Risk / Return Rank
PPLN.TO
XSB.TO
PPLN.TO vs. XSB.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 Canadian Short Term Bond Index ETF (XSB.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 | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.29 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.01 | +1.83 |
| Martin ratioReturn relative to average drawdown | 10.25 | 6.68 | +3.58 |
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 | XSB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 1.48 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.75 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.58 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 1.11 | -0.77 |
Drawdowns
PPLN.TO vs. XSB.TO - Drawdown Comparison
The maximum PPLN.TO drawdown since its inception was -59.05%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and XSB.TO.
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Drawdown Indicators
| PPLN.TO | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -8.65% | -50.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -1.47% | -8.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -1.47% | -13.84% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -6.99% | -11.55% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | -8.65% | -50.40% |
Current DrawdownCurrent decline from peak | -2.93% | -0.12% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -0.83% | -8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 0.44% | +3.40% |
Volatility
PPLN.TO vs. XSB.TO - Volatility Comparison
Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has a higher volatility of 5.77% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.78%. This indicates that PPLN.TO's price experiences larger fluctuations and is considered to be riskier than XSB.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 | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 0.78% | +4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 1.68% | +9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 2.00% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 2.72% | +14.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 3.40% | +19.80% |
PPLN.TO vs. XSB.TO - Expense Ratio Comparison
PPLN.TO has a 0.31% expense ratio, which is higher than XSB.TO's 0.10% expense ratio.
Dividends
PPLN.TO vs. XSB.TO - Dividend Comparison
PPLN.TO's dividend yield for the trailing twelve months is around 4.26%, more than XSB.TO's 3.11% 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% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.11% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
Frequently Asked Questions
PPLN.TO and XSB.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSB.TO is cheaper with a 0.10% expense ratio, compared with 0.31% for PPLN.TO.
PPLN.TO is categorized as Energy Equities, while XSB.TO is Canadian Government Bonds. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while XSB.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.31% for PPLN.TO and 0.10% for XSB.TO.
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