PPLN.TO vs. ZCLN.TO
PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and ZCLN.TO (BMO 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 ZCLN.TO is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 5 years, PPLN.TO returned 14.07%/yr vs 4.92%/yr for ZCLN.TO. At a 0.20 correlation, their price movements are largely independent. PPLN.TO charges 0.31%/yr vs 0.39%/yr for ZCLN.TO.
Performance
PPLN.TO vs. ZCLN.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 lower than ZCLN.TO's 43.19% 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%
ZCLN.TO
- 1D
- -1.82%
- 1M
- 14.50%
- YTD
- 43.19%
- 6M
- 37.47%
- 1Y
- 83.05%
- 3Y*
- 9.66%
- 5Y*
- 4.92%
- 10Y*
- —
PPLN.TO vs. ZCLN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 29.04% | 4.14% | 17.18% | 8.45% | 16.63% | 24.60% |
ZCLN.TO BMO Clean Energy Index ETF | 43.19% | 37.90% | -20.23% | -20.37% | 1.41% | -34.06% |
Correlation
The correlation between PPLN.TO and ZCLN.TO is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021 | 0.20 |
The correlation between PPLN.TO and ZCLN.TO shifts across timeframes, from -0.07 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PPLN.TO vs. ZCLN.TO — Risk / Return Rank
PPLN.TO
ZCLN.TO
PPLN.TO vs. ZCLN.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 BMO Clean Energy Index ETF (ZCLN.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 | ZCLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.46 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 6.45 | -2.60 |
| Martin ratioReturn relative to average drawdown | 10.25 | 19.07 | -8.82 |
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 | ZCLN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 3.08 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.19 | +0.62 |
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 | -0.12 | +0.45 |
Drawdowns
PPLN.TO vs. ZCLN.TO - Drawdown Comparison
The maximum PPLN.TO drawdown since its inception was -59.05%, roughly equal to the maximum ZCLN.TO drawdown of -61.07%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and ZCLN.TO.
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Drawdown Indicators
| PPLN.TO | ZCLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -61.07% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -12.95% | +2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -38.80% | +23.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -50.26% | +31.72% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -16.13% | +13.20% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -40.49% | +31.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 4.37% | -0.53% |
Volatility
PPLN.TO vs. ZCLN.TO - Volatility Comparison
The current volatility for Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) is 5.77%, while BMO Clean Energy Index ETF (ZCLN.TO) has a volatility of 9.92%. This indicates that PPLN.TO experiences smaller price fluctuations and is considered to be less risky than ZCLN.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 | ZCLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 9.92% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 20.45% | -8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 27.21% | -12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 25.89% | -8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 27.06% | -3.86% |
PPLN.TO vs. ZCLN.TO - Expense Ratio Comparison
PPLN.TO has a 0.31% expense ratio, which is lower than ZCLN.TO's 0.39% expense ratio.
Dividends
PPLN.TO vs. ZCLN.TO - Dividend Comparison
PPLN.TO's dividend yield for the trailing twelve months is around 4.26%, more than ZCLN.TO's 1.19% 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% |
ZCLN.TO BMO Clean Energy Index ETF | 1.19% | 1.71% | 2.13% | 1.37% | 0.93% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPLN.TO and ZCLN.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.
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.
PPLN.TO is cheaper with a 0.31% expense ratio, compared with 0.39% for ZCLN.TO.
PPLN.TO is categorized as Energy Equities, while ZCLN.TO is Alternative Energy Equities. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while ZCLN.TO tracks S&P Global Clean Energy Index. They also come from different issuers: Global X and BMO. Their fees differ too: 0.31% for PPLN.TO and 0.39% for ZCLN.TO.
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