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PPLN.TO vs. XUS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PPLN.TO vs. XUS.TO

Last updated Jun 4, 2026

PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, PPLN.TO returned 10.87%/yr vs 15.98%/yr for XUS.TO. At a 0.25 correlation, their price movements are largely independent. PPLN.TO charges 0.31%/yr vs 0.09%/yr for XUS.TO.

Performance

PPLN.TO vs. XUS.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 Core S&P 500 Index ETF (XUS.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PPLN.TO achieves a 29.04% return, which is significantly higher than XUS.TO's 12.21% return. Over the past 10 years, PPLN.TO has underperformed XUS.TO with an annualized return of 10.87%, while XUS.TO has yielded a comparatively higher 15.98% 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%

XUS.TO

1D
-0.31%
1M
7.22%
YTD
12.21%
6M
10.39%
1Y
29.30%
3Y*
23.52%
5Y*
16.78%
10Y*
15.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
XUS.TO
iShares Core S&P 500 Index ETF		12.21%12.19%35.16%23.31%-12.59%27.20%15.56%24.57%3.31%13.56%

Correlation

The correlation between PPLN.TO and XUS.TO is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2014

0.25

The correlation between PPLN.TO and XUS.TO shifts across timeframes, from -0.16 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Global X Equal Weight Canadian Pipelines Index ETF

iShares Core S&P 500 Index ETF

Often compared with PPLN.TO:
PPLN.TO vs. XEG.TOPPLN.TO vs. CBIL.TOPPLN.TO vs. ZWEN.TOPPLN.TO vs. CIF.TOPPLN.TO vs. OILY.TOPPLN.TO vs. NNRG.NEOPPLN.TO vs. ZMT.TO
Often compared with XUS.TO:
XUS.TO vs. XSP.TOXUS.TO vs. XEQT.TOXUS.TO vs. XUU.TOXUS.TO vs. ZSP.TOXUS.TO vs. VOOXUS.TO vs. XEF.TOXUS.TO vs. HXS.TO

Return for Risk

PPLN.TO vs. XUS.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: 7777
Overall Rank
PPLN.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
PPLN.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
PPLN.TO Omega Ratio Rank: 8080
Omega Ratio Rank
PPLN.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
PPLN.TO Martin Ratio Rank: 5858
Martin Ratio Rank
XUS.TO
XUS.TO Risk / Return Rank: 7373
Overall Rank
XUS.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XUS.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
XUS.TO Omega Ratio Rank: 7777
Omega Ratio Rank
XUS.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
XUS.TO Martin Ratio Rank: 6868
Martin Ratio Rank
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. XUS.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 500 Index ETF (XUS.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.TOXUS.TODifference
Sharpe ratioReturn per unit of total volatility
2.73
2.55

+0.19

Sortino ratioReturn per unit of downside risk
3.85
3.47

+0.38

Omega ratioGain probability vs. loss probability

1.47

1.47

+0.01

Calmar ratioReturn relative to maximum drawdown

3.85

3.41

+0.44

Martin ratioReturn relative to average drawdown

10.25

12.94

-2.69

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. XUS.TO - Sharpe Ratio Comparison

The current PPLN.TO Sharpe Ratio is 2.73, which is comparable to the XUS.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of PPLN.TO and XUS.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.

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Sharpe Ratios by Period

PPLN.TOXUS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.73

2.55

+0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

1.13

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.98

-0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

1.08

-0.75

Drawdowns

PPLN.TO vs. XUS.TO - Drawdown Comparison

The maximum PPLN.TO drawdown since its inception was -59.05%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and XUS.TO.

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Drawdown Indicators

PPLN.TOXUS.TODifference

Max Drawdown

Largest peak-to-trough decline

-59.05%

-27.23%

-31.82%

Max Drawdown (1Y)

Largest decline over 1 year

-10.22%

-8.63%

-1.59%

Max Drawdown (3Y)

Largest decline over 3 years

-15.31%

-18.96%

+3.65%

Max Drawdown (5Y)

Largest decline over 5 years

-18.54%

-21.85%

+3.31%

Max Drawdown (10Y)

Largest decline over 10 years

-59.05%

-27.23%

-31.82%

Current Drawdown

Current decline from peak

-2.93%

-0.31%

-2.62%

Average Drawdown

Average peak-to-trough decline

-9.47%

-3.46%

-6.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

2.27%

+1.57%

Volatility

PPLN.TO vs. XUS.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 500 Index ETF (XUS.TO) at 3.19%. This indicates that PPLN.TO's price experiences larger fluctuations and is considered to be riskier than XUS.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.TOXUS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.77%

3.19%

+2.58%

Volatility (6M)

Calculated over the trailing 6-month period

11.56%

8.66%

+2.90%

Volatility (1Y)

Calculated over the trailing 1-year period

14.40%

11.58%

+2.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.40%

14.92%

+2.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.20%

16.48%

+6.72%

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

PPLN.TO has a 0.31% expense ratio, which is higher than XUS.TO's 0.09% expense ratio.

Dividends

PPLN.TO vs. XUS.TO - Dividend Comparison

PPLN.TO's dividend yield for the trailing twelve months is around 4.26%, more than XUS.TO's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XUS.TO
iShares Core S&P 500 Index ETF		1.12%1.26%1.03%1.22%1.38%0.99%1.35%2.02%1.77%1.48%1.66%1.70%

Frequently Asked Questions

PPLN.TO and XUS.TO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.31% for PPLN.TO.

PPLN.TO is categorized as Energy Equities, while XUS.TO is S&P 500. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while XUS.TO tracks S&P 500 Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.31% for PPLN.TO and 0.09% for XUS.TO.

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