UTHY vs. PPL.TO
UTHY (US Treasury 30 Year Bond ETF) is Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while PPL.TO (Pembina Pipeline Corporation) is a stock. Over the past 3 years, UTHY returned -1.74%/yr vs 22.00%/yr for PPL.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
UTHY vs. PPL.TO - Performance Comparison
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Different Trading Currencies
UTHY 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, UTHY achieves a 0.07% return, which is significantly lower than PPL.TO's 28.18% return.
UTHY
- 1D
- -0.30%
- 1M
- 1.32%
- YTD
- 0.07%
- 6M
- 0.39%
- 1Y
- 3.41%
- 3Y*
- -1.74%
- 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%
UTHY vs. PPL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | 0.07% | 3.47% | -8.07% | -2.77% |
PPL.TO Pembina Pipeline Corporation | 28.18% | 8.72% | 13.13% | 16.93% |
Correlation
The correlation between UTHY and PPL.TO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.05 |
The correlation between UTHY and PPL.TO shifts across timeframes, from -0.06 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UTHY vs. PPL.TO — Risk / Return Rank
UTHY
PPL.TO
UTHY vs. PPL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) 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.
| UTHY | PPL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.31 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 2.80 | -2.47 |
| Martin ratioReturn relative to average drawdown | 0.81 | 6.47 | -5.66 |
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Drawdowns
UTHY vs. PPL.TO - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, smaller than the maximum PPL.TO drawdown of -71.00%. Use the drawdown chart below to compare losses from any high point for UTHY and PPL.TO.
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Drawdown Indicators
| UTHY | PPL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -71.00% | +49.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -12.40% | +5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -19.03% | +0.45% |
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 | -11.07% | -2.65% | -8.42% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -14.11% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 5.35% | -2.35% |
Volatility
UTHY vs. PPL.TO - Volatility Comparison
The current volatility for US Treasury 30 Year Bond ETF (UTHY) is 2.79%, while Pembina Pipeline Corporation (PPL.TO) has a volatility of 6.14%. This indicates that UTHY 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.
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Volatility by Period
| UTHY | PPL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 6.14% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 13.80% | -7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 19.58% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 19.85% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 31.56% | -17.94% |
Dividends
UTHY vs. PPL.TO - Dividend Comparison
UTHY's dividend yield for the trailing twelve months is around 4.62%, more 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% |
UTHY US Treasury 30 Year Bond ETF | 4.62% | 4.53% | 4.58% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTHY and PPL.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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