ENB-PD.TO vs. CNQ.TO
Compare and contrast key facts about Enbridge Inc. (ENB-PD.TO) and Canadian Natural Resources Limited (CNQ.TO).
Performance
ENB-PD.TO vs. CNQ.TO - Performance Comparison
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ENB-PD.TO vs. CNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENB-PD.TO Enbridge Inc. | 1.16% | 21.84% | 24.80% | 3.12% | -7.44% | 55.01% | -6.20% | 1.97% | -10.49% | 21.15% |
CNQ.TO Canadian Natural Resources Limited | 40.30% | 10.42% | 7.11% | 21.06% | 49.65% | 82.41% | -20.75% | 32.78% | -24.17% | 7.75% |
Fundamentals
Returns By Period
In the year-to-date period, ENB-PD.TO achieves a 1.16% return, which is significantly lower than CNQ.TO's 40.30% return. Over the past 10 years, ENB-PD.TO has underperformed CNQ.TO with an annualized return of 11.61%, while CNQ.TO has yielded a comparatively higher 20.00% annualized return.
ENB-PD.TO
- 1D
- 0.32%
- 1M
- -0.55%
- YTD
- 1.16%
- 6M
- 8.65%
- 1Y
- 19.56%
- 3Y*
- 14.68%
- 5Y*
- 13.04%
- 10Y*
- 11.61%
CNQ.TO
- 1D
- -4.75%
- 1M
- 7.67%
- YTD
- 40.30%
- 6M
- 49.30%
- 1Y
- 51.36%
- 3Y*
- 25.86%
- 5Y*
- 33.14%
- 10Y*
- 20.00%
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Return for Risk
ENB-PD.TO vs. CNQ.TO — Risk / Return Rank
ENB-PD.TO
CNQ.TO
ENB-PD.TO vs. CNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB-PD.TO) and Canadian Natural Resources Limited (CNQ.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.
| ENB-PD.TO | CNQ.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.85 | 1.66 | +0.18 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.19 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.30 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.60 | -0.92 |
Martin ratioReturn relative to average drawdown | 7.36 | 8.44 | -1.09 |
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
| ENB-PD.TO | CNQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.66 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 1.11 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.53 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.63 | -0.33 |
Correlation
The correlation between ENB-PD.TO and CNQ.TO is 0.16, 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
ENB-PD.TO vs. CNQ.TO - Dividend Comparison
ENB-PD.TO's dividend yield for the trailing twelve months is around 6.21%, more than CNQ.TO's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB-PD.TO Enbridge Inc. | 6.21% | 6.19% | 7.05% | 7.79% | 6.42% | 5.60% | 8.15% | 7.03% | 6.50% | 5.07% | 5.83% | 6.19% |
CNQ.TO Canadian Natural Resources Limited | 3.70% | 5.06% | 4.82% | 4.26% | 6.12% | 3.66% | 5.44% | 3.50% | 3.98% | 2.40% | 2.15% | 3.02% |
Drawdowns
ENB-PD.TO vs. CNQ.TO - Drawdown Comparison
The maximum ENB-PD.TO drawdown since its inception was -49.63%, smaller than the maximum CNQ.TO drawdown of -76.20%. Use the drawdown chart below to compare losses from any high point for ENB-PD.TO and CNQ.TO.
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Drawdown Indicators
| ENB-PD.TO | CNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -76.20% | +26.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -20.44% | +8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -33.11% | +11.16% |
Max Drawdown (10Y)Largest decline over 10 years | -49.63% | -76.20% | +26.57% |
Current DrawdownCurrent decline from peak | -1.27% | -6.94% | +5.67% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -18.95% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 6.30% | -3.65% |
Volatility
ENB-PD.TO vs. CNQ.TO - Volatility Comparison
The current volatility for Enbridge Inc. (ENB-PD.TO) is 1.81%, while Canadian Natural Resources Limited (CNQ.TO) has a volatility of 9.33%. This indicates that ENB-PD.TO experiences smaller price fluctuations and is considered to be less risky than CNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENB-PD.TO | CNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 9.33% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.36% | 19.80% | -14.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 31.06% | -20.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.43% | 30.17% | -17.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 37.89% | -20.56% |
Financials
ENB-PD.TO vs. CNQ.TO - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and Canadian Natural Resources Limited. 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