UTEN vs. PPL.TO
UTEN (US Treasury 10 Year Note ETF) is Government Bonds fund tracking the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross, while PPL.TO (Pembina Pipeline Corporation) is a stock. Over the past 3 years, UTEN returned 2.29%/yr vs 22.00%/yr for PPL.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
UTEN vs. PPL.TO - Performance Comparison
Loading charts...
Different Trading Currencies
UTEN is traded in USD, while PPL.TO is traded in CAD. To make them comparable, the PPL.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UTEN achieves a -0.49% return, which is significantly lower than PPL.TO's 28.18% return.
UTEN
- 1D
- -0.21%
- 1M
- 0.36%
- YTD
- -0.49%
- 6M
- -0.13%
- 1Y
- 3.90%
- 3Y*
- 2.29%
- 5Y*
- —
- 10Y*
- —
PPL.TO
- 1D
- -0.64%
- 1M
- -1.43%
- YTD
- 28.18%
- 6M
- 26.37%
- 1Y
- 32.53%
- 3Y*
- 22.00%
- 5Y*
- 13.84%
- 10Y*
- 10.60%
UTEN vs. PPL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UTEN US Treasury 10 Year Note ETF | -0.49% | 7.82% | -1.67% | 3.18% | -7.81% |
PPL.TO Pembina Pipeline Corporation | 28.18% | 8.72% | 13.13% | 8.13% | -3.17% |
Correlation
The correlation between UTEN and PPL.TO is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.02 |
The correlation between UTEN and PPL.TO shifts across timeframes, from -0.12 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.
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
UTEN vs. PPL.TO — Risk / Return Rank
UTEN
PPL.TO
UTEN vs. PPL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) and Pembina Pipeline Corporation (PPL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UTEN | PPL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.80 | -2.04 |
| Martin ratioReturn relative to average drawdown | 2.16 | 6.47 | -4.31 |
Loading charts...
Drawdowns
UTEN vs. PPL.TO - Drawdown Comparison
The maximum UTEN drawdown since its inception was -13.36%, smaller than the maximum PPL.TO drawdown of -71.00%. Use the drawdown chart below to compare losses from any high point for UTEN and PPL.TO.
Loading charts...
Drawdown Indicators
| UTEN | PPL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.36% | -71.00% | +57.64% |
Max Drawdown (1Y)Largest decline over 1 year | -4.57% | -12.40% | +7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -8.60% | -19.03% | +10.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.00% | — |
Current DrawdownCurrent decline from peak | -2.85% | -2.65% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -14.11% | +9.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 5.35% | -3.75% |
Volatility
UTEN vs. PPL.TO - Volatility Comparison
The current volatility for US Treasury 10 Year Note ETF (UTEN) is 1.79%, while Pembina Pipeline Corporation (PPL.TO) has a volatility of 6.14%. This indicates that UTEN experiences smaller price fluctuations and is considered to be less risky than PPL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UTEN | PPL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 6.14% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 13.80% | -10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 19.58% | -14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 19.85% | -11.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 31.56% | -23.52% |
Dividends
UTEN vs. PPL.TO - Dividend Comparison
UTEN's dividend yield for the trailing twelve months is around 4.04%, less than PPL.TO's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPL.TO Pembina Pipeline Corporation | 4.20% | 5.39% | 5.15% | 5.82% | 5.55% | 6.57% | 8.37% | 4.90% | 5.53% | 4.48% | 4.52% | 5.97% |
UTEN US Treasury 10 Year Note ETF | 4.04% | 4.11% | 4.13% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTEN and PPL.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for UTEN and PPL.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