XUS.TO vs. PPLN.TO
XUS.TO (iShares Core S&P 500 Index ETF) and PPLN.TO (Global X Equal Weight Canadian Pipelines Index ETF) are both exchange-traded funds - XUS.TO is a S&P 500 fund tracking the S&P 500 Index, 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, XUS.TO returned 15.98%/yr vs 10.87%/yr for PPLN.TO. At a 0.25 correlation, their price movements are largely independent. XUS.TO charges 0.09%/yr vs 0.31%/yr for PPLN.TO.
Performance
XUS.TO vs. PPLN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XUS.TO achieves a 12.21% return, which is significantly lower than PPLN.TO's 29.04% return. Over the past 10 years, XUS.TO has outperformed PPLN.TO with an annualized return of 15.98%, while PPLN.TO has yielded a comparatively lower 10.87% annualized return.
XUS.TO
- 1D
- -0.31%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.39%
- 1Y
- 29.30%
- 3Y*
- 23.52%
- 5Y*
- 16.78%
- 10Y*
- 15.98%
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%
XUS.TO vs. PPLN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUS.TO iShares Core S&P 500 Index ETF | 12.21% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | 3.31% | 13.56% |
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 XUS.TO and PPLN.TO is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.25 |
The correlation between XUS.TO and PPLN.TO shifts across timeframes, from -0.16 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUS.TO vs. PPLN.TO — Risk / Return Rank
XUS.TO
PPLN.TO
XUS.TO vs. PPLN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 Index ETF (XUS.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.
| XUS.TO | PPLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.85 | -0.44 |
| Martin ratioReturn relative to average drawdown | 12.94 | 10.25 | +2.69 |
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
| XUS.TO | PPLN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 2.73 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.81 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.47 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.33 | +0.75 |
Drawdowns
XUS.TO vs. PPLN.TO - Drawdown Comparison
The maximum XUS.TO drawdown since its inception was -27.23%, smaller than the maximum PPLN.TO drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for XUS.TO and PPLN.TO.
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Drawdown Indicators
| XUS.TO | PPLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.23% | -59.05% | +31.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -10.22% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -15.31% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -18.54% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -27.23% | -59.05% | +31.82% |
Current DrawdownCurrent decline from peak | -0.31% | -2.93% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -9.47% | +6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.84% | -1.57% |
Volatility
XUS.TO vs. PPLN.TO - Volatility Comparison
The current volatility for iShares Core S&P 500 Index ETF (XUS.TO) is 3.19%, while Global X Equal Weight Canadian Pipelines Index ETF (PPLN.TO) has a volatility of 5.77%. This indicates that XUS.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
| XUS.TO | PPLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 5.77% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 11.56% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 14.40% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 17.40% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 23.20% | -6.72% |
XUS.TO vs. PPLN.TO - Expense Ratio Comparison
XUS.TO has a 0.09% expense ratio, which is lower than PPLN.TO's 0.31% expense ratio.
Dividends
XUS.TO vs. PPLN.TO - Dividend Comparison
XUS.TO's dividend yield for the trailing twelve months is around 1.12%, less 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% |
XUS.TO iShares Core S&P 500 Index ETF | 1.12% | 1.26% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% |
Frequently Asked Questions
XUS.TO and PPLN.TO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.31% for PPLN.TO.
XUS.TO is categorized as S&P 500, while PPLN.TO is Energy Equities. XUS.TO tracks S&P 500 Index, 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: 0.09% for XUS.TO and 0.31% for PPLN.TO.
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