BN.TO vs. ENB.TO
BN.TO (Brookfield Corporation) and ENB.TO (Enbridge Inc.) are both stocks. BN.TO operates in Asset Management (Financial Services), while ENB.TO operates in Oil & Gas Midstream (Energy). Over the past 10 years, BN.TO returned 30.86%/yr vs 10.59%/yr for ENB.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
BN.TO vs. ENB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BN.TO achieves a 0.47% return, which is significantly lower than ENB.TO's 23.42% return. Over the past 10 years, BN.TO has outperformed ENB.TO with an annualized return of 30.86%, while ENB.TO has yielded a comparatively lower 10.59% annualized return.
BN.TO
- 1D
- 0.62%
- 1M
- 0.83%
- YTD
- 0.47%
- 6M
- 0.84%
- 1Y
- 82.01%
- 3Y*
- 49.71%
- 5Y*
- 31.01%
- 10Y*
- 30.86%
ENB.TO
- 1D
- 0.13%
- 1M
- 3.74%
- YTD
- 23.42%
- 6M
- 23.83%
- 1Y
- 31.58%
- 3Y*
- 24.19%
- 5Y*
- 17.63%
- 10Y*
- 10.59%
BN.TO vs. ENB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BN.TO Brookfield Corporation | 0.47% | 73.06% | 57.07% | 27.06% | -12.87% | 47.98% | 62.13% | 48.67% | -0.53% | 29.78% |
ENB.TO Enbridge Inc. | 23.42% | 14.09% | 37.18% | -3.28% | 13.96% | 29.98% | -15.30% | 29.43% | -8.30% | -8.84% |
Correlation
The correlation between BN.TO and ENB.TO is -0.06, 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 | -0.06 |
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 | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.34 |
The correlation between BN.TO and ENB.TO shifts across timeframes, from -0.06 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BN.TO:
CA$145.56B
ENB.TO:
CA$172.81B
BN.TO:
$0.63
ENB.TO:
CA$3.46
BN.TO:
72.25
ENB.TO:
22.84
BN.TO:
1.27
ENB.TO:
2.22
BN.TO:
2.44
ENB.TO:
2.13
BN.TO:
$76.56B
ENB.TO:
CA$77.79B
BN.TO:
$18.76B
ENB.TO:
CA$25.33B
BN.TO:
$33.73B
ENB.TO:
CA$20.88B
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Return for Risk
BN.TO vs. ENB.TO — Risk / Return Rank
BN.TO
ENB.TO
BN.TO vs. ENB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Corporation (BN.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.
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.
| BN.TO | ENB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 3.30 | +0.18 |
| Martin ratioReturn relative to average drawdown | 10.01 | 8.61 | +1.40 |
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Drawdowns
BN.TO vs. ENB.TO - Drawdown Comparison
The maximum BN.TO drawdown since its inception was -63.63%, which is greater than ENB.TO's maximum drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for BN.TO and ENB.TO.
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Drawdown Indicators
| BN.TO | ENB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -39.47% | -24.16% |
Max Drawdown (1Y)Largest decline over 1 year | -22.47% | -9.42% | -13.05% |
Max Drawdown (3Y)Largest decline over 3 years | -28.87% | -11.56% | -17.31% |
Max Drawdown (5Y)Largest decline over 5 years | -32.27% | -21.38% | -10.89% |
Max Drawdown (10Y)Largest decline over 10 years | -46.45% | -39.47% | -6.98% |
Current DrawdownCurrent decline from peak | -6.75% | -1.51% | -5.24% |
Average DrawdownAverage peak-to-trough decline | -10.40% | -8.34% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 3.66% | +4.13% |
Volatility
BN.TO vs. ENB.TO - Volatility Comparison
Brookfield Corporation (BN.TO) has a higher volatility of 10.04% compared to Enbridge Inc. (ENB.TO) at 5.97%. This indicates that BN.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
| BN.TO | ENB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 5.97% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 12.62% | +9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.52% | 15.64% | +35.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.86% | 15.69% | +20.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.66% | 22.43% | +14.23% |
Dividends
BN.TO vs. ENB.TO - Dividend Comparison
BN.TO's dividend yield for the trailing twelve months is around 0.54%, less than ENB.TO's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BN.TO Brookfield Corporation | 0.41% | 0.53% | 0.80% | 1.48% | 2.09% | 1.58% | 2.27% | 3.15% | 4.14% | 4.51% | 4.35% | 4.36% |
ENB.TO Enbridge Inc. | 4.84% | 5.74% | 6.00% | 7.44% | 6.50% | 6.76% | 7.96% | 5.72% | 6.33% | 4.91% | 3.75% | 4.04% |
Financials
BN.TO vs. ENB.TO - Financials Comparison
This section allows you to compare key financial metrics between Brookfield 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
BN.TO vs. ENB.TO - Profitability Comparison
BN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a gross profit of 1.83B and revenue of 18.35B. Therefore, the gross margin over that period was 10.0%.
ENB.TO - 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 8.60B and revenue of 31.19B. Therefore, the gross margin over that period was 27.6%.
BN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported an operating income of 4.38B and revenue of 18.35B, resulting in an operating margin of 23.9%.
ENB.TO - 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 5.06B and revenue of 31.19B, resulting in an operating margin of 16.2%.
BN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a net income of 100.33M and revenue of 18.35B, resulting in a net margin of 0.6%.
ENB.TO - 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 2.44B and revenue of 31.19B, resulting in a net margin of 7.8%.
Frequently Asked Questions
BN.TO and ENB.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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