AOS vs. ENB
AOS (A. O. Smith Corporation) and ENB (Enbridge Inc.) are both stocks. AOS operates in Specialty Industrial Machinery (Industrials), while ENB operates in Oil & Gas Midstream (Energy). Over the past 10 years, AOS returned 5.11%/yr vs 9.66%/yr for ENB. At a 0.21 correlation, their price movements are largely independent.
Performance
AOS vs. ENB - Performance Comparison
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Returns By Period
In the year-to-date period, AOS achieves a -14.27% return, which is significantly lower than ENB's 19.75% return. Over the past 10 years, AOS has underperformed ENB with an annualized return of 5.11%, while ENB has yielded a comparatively higher 9.66% annualized return.
AOS
- 1D
- -0.05%
- 1M
- -3.62%
- YTD
- -14.27%
- 6M
- -14.83%
- 1Y
- -9.49%
- 3Y*
- -4.15%
- 5Y*
- -1.99%
- 10Y*
- 5.11%
ENB
- 1D
- -0.91%
- 1M
- 3.29%
- YTD
- 19.75%
- 6M
- 19.95%
- 1Y
- 25.18%
- 3Y*
- 21.79%
- 5Y*
- 14.50%
- 10Y*
- 9.66%
AOS vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOS A. O. Smith Corporation | -14.27% | 0.07% | -15.92% | 47.30% | -32.07% | 59.28% | 17.46% | 13.65% | -29.35% | 30.78% |
ENB Enbridge Inc. | 19.75% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -13.60% | 36.05% | -15.53% | -2.73% |
Correlation
The correlation between AOS and ENB is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 1990 | 0.21 |
The correlation between AOS and ENB shifts across timeframes, from 0.13 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AOS:
$3.75
ENB:
$4.92
AOS:
15.13
ENB:
11.34
AOS:
0.62
ENB:
0.52
AOS:
2.09
ENB:
1.33
AOS:
$3.81B
ENB:
$69.05B
AOS:
$1.48B
ENB:
$15.35B
AOS:
$794.70M
ENB:
$17.09B
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Return for Risk
AOS vs. ENB — Risk / Return Rank
AOS
ENB
AOS vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for A. O. Smith Corporation (AOS) and Enbridge Inc. (ENB). 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.
| AOS | ENB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.27 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.78 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.77 | 6.97 | -7.74 |
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
| AOS | ENB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 1.57 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.78 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.40 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.53 | -0.11 |
Drawdowns
AOS vs. ENB - Drawdown Comparison
The maximum AOS drawdown since its inception was -66.07%, which is greater than ENB's maximum drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for AOS and ENB.
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Drawdown Indicators
| AOS | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.07% | -46.35% | -19.72% |
Max Drawdown (1Y)Largest decline over 1 year | -30.29% | -9.10% | -21.19% |
Max Drawdown (3Y)Largest decline over 3 years | -36.93% | -16.40% | -20.53% |
Max Drawdown (5Y)Largest decline over 5 years | -42.68% | -28.32% | -14.36% |
Max Drawdown (10Y)Largest decline over 10 years | -46.81% | -44.07% | -2.74% |
Current DrawdownCurrent decline from peak | -35.86% | -3.84% | -32.02% |
Average DrawdownAverage peak-to-trough decline | -20.47% | -10.83% | -9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 3.69% | +8.61% |
Volatility
AOS vs. ENB - Volatility Comparison
A. O. Smith Corporation (AOS) has a higher volatility of 7.88% compared to Enbridge Inc. (ENB) at 5.73%. This indicates that AOS's price experiences larger fluctuations and is considered to be riskier than ENB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOS | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 5.73% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.90% | 12.90% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.73% | 16.06% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 18.62% | +8.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 24.34% | +2.72% |
Dividends
AOS vs. ENB - Dividend Comparison
AOS's dividend yield for the trailing twelve months is around 2.50%, less than ENB's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOS A. O. Smith Corporation | 2.50% | 2.06% | 1.91% | 1.84% | 1.99% | 1.23% | 1.79% | 1.89% | 1.78% | 0.91% | 1.01% | 0.99% |
ENB Enbridge Inc. | 4.97% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
Financials
AOS vs. ENB - Financials Comparison
This section allows you to compare key financial metrics between A. O. Smith Corporation and Enbridge Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AOS vs. ENB - Profitability Comparison
AOS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, A. O. Smith Corporation reported a gross profit of 365.70M and revenue of 945.60M. Therefore, the gross margin over that period was 38.7%.
ENB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported a gross profit of 0.00 and revenue of 22.36B. Therefore, the gross margin over that period was 0.0%.
AOS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, A. O. Smith Corporation reported an operating income of 161.80M and revenue of 945.60M, resulting in an operating margin of 17.1%.
ENB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported an operating income of 3.23B and revenue of 22.36B, resulting in an operating margin of 14.4%.
AOS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, A. O. Smith Corporation reported a net income of 118.00M and revenue of 945.60M, resulting in a net margin of 12.5%.
ENB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported a net income of 2.95B and revenue of 22.36B, resulting in a net margin of 13.2%.
Frequently Asked Questions
AOS and ENB 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.
AOS has higher volatility (7.88%) compared to ENB (5.73%). In terms of maximum drawdown, AOS dropped -66.07% vs ENB's -46.35%.
ENB currently has the higher Sharpe Ratio (1.57 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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