XEQT.TO vs. PPLN.TO
XEQT.TO (iShares Core Equity ETF Portfolio) and PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index. XEQT.TO is actively managed, while PPLN.TO is passively managed. Over the past 5 years, XEQT.TO returned 13.37%/yr vs 15.16%/yr for PPLN.TO. At a 0.38 correlation, their price movements are largely independent. XEQT.TO charges 0.20%/yr vs 0.31%/yr for PPLN.TO.
Performance
XEQT.TO vs. PPLN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEQT.TO achieves a 13.88% return, which is significantly lower than PPLN.TO's 33.75% return.
XEQT.TO
- 1D
- -0.02%
- 1M
- 1.44%
- 6M
- 9.78%
- YTD
- 13.88%
- 1Y
- 27.48%
- 3Y*
- 21.61%
- 5Y*
- 13.37%
- 10Y*
- —
PPLN.TO
- 1D
- 0.40%
- 1M
- 1.07%
- 6M
- 35.33%
- YTD
- 33.75%
- 1Y
- 46.12%
- 3Y*
- 19.20%
- 5Y*
- 15.16%
- 10Y*
- 11.00%
XEQT.TO vs. PPLN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 13.88% | 20.57% | 24.38% | 17.27% | -10.99% | 18.98% | 11.85% | 8.56% |
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 33.75% | 4.14% | 17.18% | 8.45% | 16.63% | 33.83% | -17.80% | 4.98% |
Correlation
The correlation between XEQT.TO and PPLN.TO is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019 | 0.38 |
The correlation between XEQT.TO and PPLN.TO shifts across timeframes, from -0.13 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XEQT.TO vs. PPLN.TO — Risk / Return Rank
XEQT.TO
PPLN.TO
XEQT.TO vs. PPLN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and Global X Equal Weight Canadian Pipelines Index ETF (PPLN.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.
| XEQT.TO | PPLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.52 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 4.53 | -1.19 |
| Martin ratioReturn relative to average drawdown | 14.28 | 11.97 | +2.32 |
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Drawdowns
XEQT.TO vs. PPLN.TO - Drawdown Comparison
The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum PPLN.TO drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and PPLN.TO.
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Drawdown Indicators
| XEQT.TO | PPLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.74% | -59.05% | +29.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -10.22% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -15.31% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -18.54% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.05% | — |
Current DrawdownCurrent decline from peak | -1.21% | 0.00% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -9.40% | +5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.86% | -1.93% |
Volatility
XEQT.TO vs. PPLN.TO - Volatility Comparison
The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 2.83%, while Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has a volatility of 5.53%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than PPLN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEQT.TO | PPLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 5.53% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 11.78% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 15.26% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 17.50% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 23.22% | -7.70% |
XEQT.TO vs. PPLN.TO - Expense Ratio Comparison
XEQT.TO has a 0.20% expense ratio, which is lower than PPLN.TO's 0.31% expense ratio.
Dividends
XEQT.TO vs. PPLN.TO - Dividend Comparison
XEQT.TO's dividend yield for the trailing twelve months is around 1.60%, less than PPLN.TO's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 4.15% | 4.35% | 2.94% | 3.77% | 3.23% | 3.47% | 5.76% | 4.40% | 5.21% | 4.31% | 3.99% | 4.41% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.60% | 1.66% | 2.03% | 2.09% | 2.14% | 1.66% | 1.69% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEQT.TO and PPLN.TO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.31% for PPLN.TO.
XEQT.TO is categorized as Global Equities, while PPLN.TO is Energy Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for XEQT.TO and 0.31% for PPLN.TO.
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