PPM.AX vs. LBS.TO

Last updated Jun 5, 2026

PPM.AX (Pepper Money Limited) and LBS.TO (Life & Banc Split Corp.) are both stocks. Both are in the Financial Services sector — PPM.AX in Credit Services, LBS.TO in Asset Management. Over the past 5 years, PPM.AX returned -1.51%/yr vs 28.76%/yr for LBS.TO. At a correlation of -0.02, they often move in opposite directions.

Performance

PPM.AX vs. LBS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Pepper Money Limited (PPM.AX) and Life & Banc Split Corp. (LBS.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PPM.AX is traded in AUD, while LBS.TO is traded in CAD. To make them comparable, the LBS.TO values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PPM.AX achieves a -20.64% return, which is significantly lower than LBS.TO's 38.48% return.

PPM.AX

• 1D: -3.22%
• 1M: -2.65%
• YTD: -20.64%
• 6M: -26.75%
• 1Y: 2.27%
• 3Y*: 18.41%
• 5Y*: -1.51%
• 10Y*: —

LBS.TO

• 1D: 1.45%
• 1M: 7.71%
• YTD: 38.48%
• 6M: 47.40%
• 1Y: 87.93%
• 3Y*: 43.01%
• 5Y*: 28.76%
• 10Y*: 23.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PPM.AX vs. LBS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PPM.AX Pepper Money Limited	-20.64%	78.62%	22.33%	-7.90%	-28.26%	-17.24%
LBS.TO Life & Banc Split Corp.	38.48%	48.56%	37.67%	10.72%	-1.39%	17.04%

Correlation

The correlation between PPM.AX and LBS.TO is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (All Time) Calculated using the full available price history since May 26, 2021	-0.02

Return for Risk

PPM.AX vs. LBS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPM.AX

PPM.AX Risk / Return Rank: 42
PPM.AX Sharpe Ratio Rank: 43
PPM.AX Sortino Ratio Rank: 41
PPM.AX Omega Ratio Rank: 40
PPM.AX Calmar Ratio Rank: 42
PPM.AX Martin Ratio Rank: 42

LBS.TO

LBS.TO Risk / Return Rank: 93
LBS.TO Sharpe Ratio Rank: 94
LBS.TO Sortino Ratio Rank: 91
LBS.TO Omega Ratio Rank: 97
LBS.TO Calmar Ratio Rank: 89
LBS.TO Martin Ratio Rank: 95

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.

PPM.AX vs. LBS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pepper Money Limited (PPM.AX) and Life & Banc Split Corp. (LBS.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.

	PPM.AX	LBS.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.04	2.31	-2.27
Sortino ratio: Return per unit of downside risk	0.43	2.90	-2.46
Omega ratio: Gain probability vs. loss probability	1.05	1.62	-0.57
Calmar ratio: Return relative to maximum drawdown	0.05	3.56	-3.51
Martin ratio: Return relative to average drawdown	0.11	15.13	-15.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPM.AX vs. LBS.TO - Sharpe Ratio Comparison

The current PPM.AX Sharpe Ratio is 0.04, which is lower than the LBS.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of PPM.AX and LBS.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.

Sharpe Ratios by Period

	PPM.AX	LBS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	2.31	-2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	1.01	-1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.37	-0.40

Drawdowns

PPM.AX vs. LBS.TO - Drawdown Comparison

The maximum PPM.AX drawdown since its inception was -57.28%, smaller than the maximum LBS.TO drawdown of -82.27%. Use the drawdown chart below to compare losses from any high point for PPM.AX and LBS.TO.

Drawdown Indicators

	PPM.AX	LBS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-57.28%	-82.27%	+24.99%
Max Drawdown (1Y) Largest decline over 1 year	-32.82%	-24.82%	-8.00%
Max Drawdown (3Y) Largest decline over 3 years	-32.82%	-34.38%	+1.56%
Max Drawdown (5Y) Largest decline over 5 years	-57.28%	-35.31%	-21.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.66%	—
Current Drawdown Current decline from peak	-31.16%	0.00%	-31.16%
Average Drawdown Average peak-to-trough decline	-30.42%	-14.15%	-16.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.55%	5.83%	+9.72%

Volatility

PPM.AX vs. LBS.TO - Volatility Comparison

Pepper Money Limited (PPM.AX) has a higher volatility of 9.91% compared to Life & Banc Split Corp. (LBS.TO) at 4.24%. This indicates that PPM.AX's price experiences larger fluctuations and is considered to be riskier than LBS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPM.AX	LBS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.91%	4.24%	+5.67%
Volatility (6M) Calculated over the trailing 6-month period	39.31%	35.42%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	47.95%	38.30%	+9.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.94%	28.61%	+12.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.08%	39.16%	+1.92%

Dividends

PPM.AX vs. LBS.TO - Dividend Comparison

PPM.AX's dividend yield for the trailing twelve months is around 16.13%, more than LBS.TO's 8.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LBS.TO Life & Banc Split Corp.	8.30%	11.53%	15.29%	17.52%	15.98%	13.68%	6.39%	17.32%	20.65%	13.86%	14.20%	17.14%
PPM.AX Pepper Money Limited	16.13%	12.04%	7.12%	6.99%	10.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both PPM.AX and LBS.TO in my portfolio?

PPM.AX and LBS.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.