XRE.TO vs. PPLN.TO
XRE.TO (iShares S&P/TSX Capped REIT Index ETF) and PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) are both exchange-traded funds - XRE.TO is a REIT fund tracking the Morningstar DM REIT NR CAD, while PPLN.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Pipeline Index. Both are passively managed. Over the past 10 years, XRE.TO returned 4.75%/yr vs 10.87%/yr for PPLN.TO. At a 0.25 correlation, their price movements are largely independent. XRE.TO charges 0.61%/yr vs 0.31%/yr for PPLN.TO.
Performance
XRE.TO vs. PPLN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XRE.TO achieves a 9.55% return, which is significantly lower than PPLN.TO's 29.04% return. Over the past 10 years, XRE.TO has underperformed PPLN.TO with an annualized return of 4.75%, while PPLN.TO has yielded a comparatively higher 10.87% annualized return.
XRE.TO
- 1D
- -0.66%
- 1M
- 0.28%
- YTD
- 9.55%
- 6M
- 11.63%
- 1Y
- 11.43%
- 3Y*
- 4.83%
- 5Y*
- 1.88%
- 10Y*
- 4.75%
PPLN.TO
- 1D
- -0.24%
- 1M
- 6.16%
- YTD
- 29.04%
- 6M
- 28.59%
- 1Y
- 39.15%
- 3Y*
- 18.78%
- 5Y*
- 14.07%
- 10Y*
- 10.87%
XRE.TO vs. PPLN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 9.55% | 8.89% | -2.52% | 1.88% | -17.34% | 32.49% | -13.63% | 21.91% | 5.66% | 9.27% |
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 29.04% | 4.14% | 17.18% | 8.45% | 16.63% | 33.83% | -17.80% | 20.50% | -11.54% | -2.67% |
Correlation
The correlation between XRE.TO and PPLN.TO is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.25 |
The correlation between XRE.TO and PPLN.TO shifts across timeframes, from 0.07 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XRE.TO vs. PPLN.TO — Risk / Return Rank
XRE.TO
PPLN.TO
XRE.TO vs. PPLN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped REIT Index ETF (XRE.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.
| XRE.TO | PPLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.47 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 3.85 | -2.32 |
| Martin ratioReturn relative to average drawdown | 3.82 | 10.25 | -6.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XRE.TO | PPLN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.73 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.81 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.47 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.33 | +0.15 |
Drawdowns
XRE.TO vs. PPLN.TO - Drawdown Comparison
The maximum XRE.TO drawdown since its inception was -57.06%, roughly equal to the maximum PPLN.TO drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for XRE.TO and PPLN.TO.
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Drawdown Indicators
| XRE.TO | PPLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.06% | -59.05% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -10.22% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -20.91% | -15.31% | -5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -30.53% | -18.54% | -11.99% |
Max Drawdown (10Y)Largest decline over 10 years | -46.58% | -59.05% | +12.47% |
Current DrawdownCurrent decline from peak | -3.96% | -2.93% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -9.47% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.84% | -0.84% |
Volatility
XRE.TO vs. PPLN.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Capped REIT Index ETF (XRE.TO) is 3.30%, while Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has a volatility of 5.77%. This indicates that XRE.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
| XRE.TO | PPLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 5.77% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 11.56% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 14.40% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 17.40% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 23.20% | -5.63% |
XRE.TO vs. PPLN.TO - Expense Ratio Comparison
XRE.TO has a 0.61% expense ratio, which is higher than PPLN.TO's 0.31% expense ratio.
Dividends
XRE.TO vs. PPLN.TO - Dividend Comparison
XRE.TO's dividend yield for the trailing twelve months is around 4.49%, more than PPLN.TO's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPLN.TO Global X Equal Weight Canadian Pipelines Index ETF | 4.26% | 4.35% | 2.94% | 3.77% | 3.23% | 3.47% | 5.76% | 4.40% | 5.21% | 4.31% | 3.99% | 4.41% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.49% | 5.00% | 5.55% | 4.52% | 4.85% | 2.59% | 4.45% | 4.82% | 4.80% | 4.71% | 5.20% | 5.59% |
Frequently Asked Questions
XRE.TO and PPLN.TO have a correlation of 0.07, 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 XRE.TO.
XRE.TO is categorized as REIT, while PPLN.TO is Energy Equities. XRE.TO tracks Morningstar DM REIT NR CAD, while PPLN.TO tracks Mirae Asset Equal Weight Canadian Pipeline Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.61% for XRE.TO and 0.31% for PPLN.TO.
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