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BMO.TO vs. ENB.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

BMO.TO vs. ENB.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Bank of Montreal (BMO.TO) and Enbridge Inc. (ENB.TO).

Performance

BMO.TO vs. ENB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Bank of Montreal (BMO.TO) and Enbridge Inc. (ENB.TO). The values are adjusted to include any dividend payments, if applicable.

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BMO.TO vs. ENB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BMO.TO
Bank of Montreal		7.78%33.33%11.74%12.19%-5.39%46.90%2.39%17.51%-7.94%7.99%
ENB.TO
Enbridge Inc.		15.01%14.10%37.18%-3.27%13.96%29.98%-15.30%29.43%-8.30%-8.84%

Fundamentals

Market Cap

BMO.TO:

CA$135.24B

ENB.TO:

CA$163.49B

EPS

BMO.TO:

CA$12.62

ENB.TO:

CA$3.42

PE Ratio

BMO.TO:

15.09

ENB.TO:

21.78

PEG Ratio

BMO.TO:

0.69

ENB.TO:

1.00

PS Ratio

BMO.TO:

1.78

ENB.TO:

2.50

PB Ratio

BMO.TO:

1.61

ENB.TO:

2.94

Total Revenue (TTM)

BMO.TO:

CA$77.01B

ENB.TO:

CA$65.16B

Gross Profit (TTM)

BMO.TO:

CA$33.31B

ENB.TO:

CA$22.86B

EBITDA (TTM)

BMO.TO:

CA$13.89B

ENB.TO:

CA$19.72B

Returns By Period

In the year-to-date period, BMO.TO achieves a 7.78% return, which is significantly lower than ENB.TO's 15.01% return. Over the past 10 years, BMO.TO has outperformed ENB.TO with an annualized return of 14.26%, while ENB.TO has yielded a comparatively lower 10.80% annualized return.

BMO.TO

1D
1.07%
1M
-4.25%
YTD
7.78%
6M
6.65%
1Y
43.69%
3Y*
22.01%
5Y*
16.23%
10Y*
14.26%

ENB.TO

1D
-1.15%
1M
1.11%
YTD
15.01%
6M
10.77%
1Y
23.69%
3Y*
20.72%
5Y*
17.40%
10Y*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Bank of Montreal

Enbridge Inc.

Often compared with BMO.TO:
BMO.TO vs. RY.TOBMO.TO vs. TDBMO.TO vs. CM.TOBMO.TO vs. VDY.TOBMO.TO vs. BNS.TOBMO.TO vs. NA.TOBMO.TO vs. LB.TO
Often compared with ENB.TO:
ENB.TO vs. CNQ.TOENB.TO vs. PPL.TOENB.TO vs. WCP.TOENB.TO vs. SU.TOENB.TO vs. TD.TOENB.TO vs. TRP.TOENB.TO vs. BCE.TO

Return for Risk

BMO.TO vs. ENB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BMO.TO
BMO.TO Risk / Return Rank: 9191
Overall Rank
BMO.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
BMO.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
BMO.TO Omega Ratio Rank: 9191
Omega Ratio Rank
BMO.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
BMO.TO Martin Ratio Rank: 9292
Martin Ratio Rank
ENB.TO
ENB.TO Risk / Return Rank: 8080
Overall Rank
ENB.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
ENB.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
ENB.TO Omega Ratio Rank: 7676
Omega Ratio Rank
ENB.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
ENB.TO Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMO.TO vs. ENB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.TO) and Enbridge Inc. (ENB.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.

BMO.TOENB.TODifference

Sharpe ratio

Return per unit of total volatility

2.29

1.50

+0.79

Sortino ratio

Return per unit of downside risk

2.90

2.04

+0.86

Omega ratio

Gain probability vs. loss probability

1.42

1.26

+0.16

Calmar ratio

Return relative to maximum drawdown

4.05

2.49

+1.56

Martin ratio

Return relative to average drawdown

13.03

6.13

+6.90

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMO.TO vs. ENB.TO - Sharpe Ratio Comparison

The current BMO.TO Sharpe Ratio is 2.29, which is higher than the ENB.TO Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of BMO.TO and ENB.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

BMO.TOENB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

1.50

+0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

1.13

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.48

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.61

-0.03

Correlation

The correlation between BMO.TO and ENB.TO is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BMO.TO vs. ENB.TO - Dividend Comparison

BMO.TO's dividend yield for the trailing twelve months is around 3.42%, less than ENB.TO's 5.10% yield.

TTM20252024202320222021202020192018201720162015
BMO.TO
Bank of Montreal		3.42%3.61%4.39%4.42%5.32%3.74%5.20%4.03%4.24%3.54%3.84%4.15%
ENB.TO
Enbridge Inc.		5.10%5.74%6.00%7.45%6.50%6.76%7.96%5.72%6.33%4.91%3.75%4.04%

Drawdowns

BMO.TO vs. ENB.TO - Drawdown Comparison

The maximum BMO.TO drawdown since its inception was -62.39%, which is greater than ENB.TO's maximum drawdown of -48.20%. Use the drawdown chart below to compare losses from any high point for BMO.TO and ENB.TO.

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Drawdown Indicators

BMO.TOENB.TODifference

Max Drawdown

Largest peak-to-trough decline

-62.39%

-48.20%

-14.19%

Max Drawdown (1Y)

Largest decline over 1 year

-10.94%

-9.59%

-1.35%

Max Drawdown (5Y)

Largest decline over 5 years

-26.85%

-21.38%

-5.47%

Max Drawdown (10Y)

Largest decline over 10 years

-45.59%

-39.47%

-6.12%

Current Drawdown

Current decline from peak

-6.48%

-1.70%

-4.78%

Average Drawdown

Average peak-to-trough decline

-10.58%

-10.28%

-0.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.40%

3.89%

-0.49%

Volatility

BMO.TO vs. ENB.TO - Volatility Comparison

Bank of Montreal (BMO.TO) has a higher volatility of 7.57% compared to Enbridge Inc. (ENB.TO) at 3.84%. This indicates that BMO.TO's price experiences larger fluctuations and is considered to be riskier than ENB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BMO.TOENB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.57%

3.84%

+3.73%

Volatility (6M)

Calculated over the trailing 6-month period

14.15%

11.11%

+3.04%

Volatility (1Y)

Calculated over the trailing 1-year period

19.18%

15.92%

+3.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.17%

15.44%

+2.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.88%

22.42%

-1.54%

Financials

BMO.TO vs. ENB.TO - Financials Comparison

This section allows you to compare key financial metrics between Bank of Montreal 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

5.00B10.00B15.00B20.00B20222023202420252026
19.30B
17.16B
(BMO.TO) Total Revenue
(ENB.TO) Total Revenue
Values in CAD except per share items

BMO.TO vs. ENB.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Bank of Montreal and Enbridge Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
20.0%40.0%60.0%80.0%100.0%20222023202420252026
46.8%
33.1%
Portfolio components
BMO.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported a gross profit of 9.03B and revenue of 19.30B. Therefore, the gross margin over that period was 46.8%.

ENB.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Enbridge Inc. reported a gross profit of 5.67B and revenue of 17.16B. Therefore, the gross margin over that period was 33.1%.

BMO.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported an operating income of 3.33B and revenue of 19.30B, resulting in an operating margin of 17.2%.

ENB.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Enbridge Inc. reported an operating income of 2.97B and revenue of 17.16B, resulting in an operating margin of 17.3%.

BMO.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported a net income of 2.49B and revenue of 19.30B, resulting in a net margin of 12.9%.

ENB.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Enbridge Inc. reported a net income of 2.06B and revenue of 17.16B, resulting in a net margin of 12.0%.