BN vs. ENB
BN (Brookfield Corporation) and ENB (Enbridge Inc.) are both stocks. BN operates in Asset Management (Financial Services), while ENB operates in Oil & Gas Midstream (Energy). Over the past 10 years, BN returned 14.55%/yr vs 9.34%/yr for ENB. At a 0.35 correlation, their price movements are largely independent.
Performance
BN vs. ENB - Performance Comparison
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Returns By Period
In the year-to-date period, BN achieves a -3.44% return, which is significantly lower than ENB's 18.72% return. Over the past 10 years, BN has outperformed ENB with an annualized return of 14.55%, while ENB has yielded a comparatively lower 9.34% annualized return.
BN
- 1D
- -0.83%
- 1M
- -6.05%
- YTD
- -3.44%
- 6M
- -4.46%
- 1Y
- 13.31%
- 3Y*
- 28.82%
- 5Y*
- 11.64%
- 10Y*
- 14.55%
ENB
- 1D
- -1.74%
- 1M
- 4.56%
- YTD
- 18.72%
- 6M
- 17.84%
- 1Y
- 25.57%
- 3Y*
- 20.90%
- 5Y*
- 13.89%
- 10Y*
- 9.34%
BN vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BN Brookfield Corporation | -3.44% | 20.54% | 44.18% | 28.60% | -34.80% | 49.30% | 8.99% | 52.68% | -10.65% | 33.82% |
ENB Enbridge Inc. | 18.72% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -13.60% | 36.05% | -15.53% | -2.73% |
Correlation
The correlation between BN and ENB is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 1990 | 0.35 |
Over the past year, the correlation between BN and ENB has dropped to 0.02 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
BN:
$0.56
ENB:
$4.92
BN:
78.31
ENB:
11.24
BN:
171.62
ENB:
0.51
BN:
1.36
ENB:
1.32
BN:
$76.58B
ENB:
$69.05B
BN:
$27.02B
ENB:
$15.35B
BN:
$31.07B
ENB:
$17.09B
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Return for Risk
BN vs. ENB — Risk / Return Rank
BN
ENB
BN vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Corporation (BN) 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.
| BN | ENB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.82 | -2.22 |
| Martin ratioReturn relative to average drawdown | 1.68 | 7.09 | -5.41 |
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
| BN | ENB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 1.58 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.75 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.39 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.53 | -0.22 |
Drawdowns
BN vs. ENB - Drawdown Comparison
The maximum BN drawdown since its inception was -82.22%, which is greater than ENB's maximum drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for BN and ENB.
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Drawdown Indicators
| BN | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.22% | -46.35% | -35.87% |
Max Drawdown (1Y)Largest decline over 1 year | -22.05% | -9.10% | -12.95% |
Max Drawdown (3Y)Largest decline over 3 years | -27.84% | -15.78% | -12.06% |
Max Drawdown (5Y)Largest decline over 5 years | -41.85% | -28.32% | -13.53% |
Max Drawdown (10Y)Largest decline over 10 years | -51.42% | -44.07% | -7.35% |
Current DrawdownCurrent decline from peak | -9.89% | -4.67% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -28.52% | -10.83% | -17.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 3.62% | +4.31% |
Volatility
BN vs. ENB - Volatility Comparison
Brookfield Corporation (BN) has a higher volatility of 9.72% compared to Enbridge Inc. (ENB) at 6.10%. This indicates that BN'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
| BN | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.72% | 6.10% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 22.37% | 13.00% | +9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.67% | 16.24% | +12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.24% | 18.64% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.20% | 24.34% | +5.86% |
Dividends
BN vs. ENB - Dividend Comparison
BN's dividend yield for the trailing twelve months is around 0.57%, less than ENB's 5.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BN Brookfield Corporation | 0.57% | 0.52% | 0.56% | 0.70% | 1.44% | 1.12% | 1.55% | 1.11% | 1.56% | 1.29% | 1.58% | 1.50% |
ENB Enbridge Inc. | 5.01% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
Financials
BN vs. ENB - 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 vs. ENB - Profitability Comparison
BN - 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 4.43B and revenue of 18.39B. Therefore, the gross margin over that period was 24.1%.
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%.
BN - 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 4.39B and revenue of 18.39B, resulting in an operating margin of 23.9%.
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%.
BN - 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 100.59M and revenue of 18.39B, resulting in a net margin of 0.6%.
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
BN and ENB have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BN has higher volatility (9.72%) compared to ENB (6.10%). In terms of maximum drawdown, BN dropped -82.22% vs ENB's -46.35%.
ENB currently has the higher Sharpe Ratio (1.58 vs 0.47), 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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