PPLN.TO vs. ZGI.TO
PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) and ZGI.TO (BMO Global Infrastructure Index ETF) are both exchange-traded funds - PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index, while ZGI.TO is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure North American Listed Index. Both are passively managed. Over the past 10 years, PPLN.TO returned 10.82%/yr vs 8.90%/yr for ZGI.TO. At a 0.38 correlation, their price movements are largely independent. PPLN.TO charges 0.31%/yr vs 0.61%/yr for ZGI.TO.
Performance
PPLN.TO vs. ZGI.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPLN.TO achieves a 30.75% return, which is significantly higher than ZGI.TO's 14.93% return. Over the past 10 years, PPLN.TO has outperformed ZGI.TO with an annualized return of 10.82%, while ZGI.TO has yielded a comparatively lower 8.90% annualized return.
PPLN.TO
- 1D
- 1.33%
- 1M
- 8.27%
- YTD
- 30.75%
- 6M
- 29.08%
- 1Y
- 41.37%
- 3Y*
- 19.39%
- 5Y*
- 14.37%
- 10Y*
- 10.82%
ZGI.TO
- 1D
- 1.08%
- 1M
- 0.53%
- YTD
- 14.93%
- 6M
- 10.20%
- 1Y
- 13.90%
- 3Y*
- 14.75%
- 5Y*
- 11.20%
- 10Y*
- 8.90%
PPLN.TO vs. ZGI.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 | 30.75% | 4.14% | 17.18% | 8.45% | 16.63% | 33.83% | -17.80% | 20.50% | -11.54% | -2.67% |
ZGI.TO BMO Global Infrastructure Index ETF | 14.93% | 0.94% | 25.35% | -0.72% | 4.48% | 26.79% | -10.51% | 25.17% | -0.82% | 2.90% |
Correlation
The correlation between PPLN.TO and ZGI.TO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.38 |
Over the past year, PPLN.TO and ZGI.TO have become more correlated (0.60) than their long-term average of 0.38, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PPLN.TO vs. ZGI.TO — Risk / Return Rank
PPLN.TO
ZGI.TO
PPLN.TO vs. ZGI.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 Global Infrastructure Index ETF (ZGI.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 | ZGI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.20 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 2.10 | +1.97 |
| Martin ratioReturn relative to average drawdown | 10.84 | 5.83 | +5.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PPLN.TO | ZGI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.88 | 1.15 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.85 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.56 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.81 | -0.47 |
Drawdowns
PPLN.TO vs. ZGI.TO - Drawdown Comparison
The maximum PPLN.TO drawdown since its inception was -59.05%, which is greater than ZGI.TO's maximum drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for PPLN.TO and ZGI.TO.
Loading charts...
Drawdown Indicators
| PPLN.TO | ZGI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -34.76% | -24.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -6.66% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -10.07% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -16.70% | -1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -59.05% | -34.76% | -24.29% |
Current DrawdownCurrent decline from peak | -1.64% | -2.32% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -4.39% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.40% | +1.43% |
Volatility
PPLN.TO vs. ZGI.TO - Volatility Comparison
Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has a higher volatility of 5.77% compared to BMO Global Infrastructure Index ETF (ZGI.TO) at 5.18%. This indicates that PPLN.TO's price experiences larger fluctuations and is considered to be riskier than ZGI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPLN.TO | ZGI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 5.18% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 9.79% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 12.23% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 13.25% | +4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 15.93% | +7.27% |
PPLN.TO vs. ZGI.TO - Expense Ratio Comparison
PPLN.TO has a 0.31% expense ratio, which is lower than ZGI.TO's 0.61% expense ratio.
Dividends
PPLN.TO vs. ZGI.TO - Dividend Comparison
PPLN.TO's dividend yield for the trailing twelve months is around 4.20%, more than ZGI.TO's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 4.20% | 4.35% | 2.94% | 3.77% | 3.23% | 3.47% | 5.76% | 4.40% | 5.21% | 4.31% | 3.99% | 4.41% |
ZGI.TO BMO Global Infrastructure Index ETF | 2.30% | 2.72% | 2.75% | 3.25% | 2.94% | 2.98% | 3.66% | 2.78% | 2.92% | 2.53% | 3.21% | 2.90% |
Frequently Asked Questions
PPLN.TO and ZGI.TO have a correlation of 0.60, 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 0.61% for ZGI.TO.
PPLN.TO is categorized as Energy Equities, while ZGI.TO is Industrials Equities. PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index, while ZGI.TO tracks Dow Jones Brookfield Global Infrastructure North American Listed Index. They also come from different issuers: Global X and BMO. Their fees differ too: 0.31% for PPLN.TO and 0.61% for ZGI.TO.
Find the right allocation for PPLN.TO and ZGI.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer