ENB-PD.TO vs. CPD.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Enbridge Inc. (ENB-PD.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO).

CPD.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Preferred Share TR. It was launched on Apr 10, 2007.

Performance

ENB-PD.TO vs. CPD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Enbridge Inc. (ENB-PD.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO). The values are adjusted to include any dividend payments, if applicable.

ENB-PD.TO vs. CPD.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%
CPD.TO iShares S&P/TSX Canadian Preferred Share Index ETF	0.33%	16.10%	23.31%	6.23%	-19.19%	18.85%	5.35%	3.35%	-9.05%	13.44%

Returns By Period

In the year-to-date period, ENB-PD.TO achieves a 1.16% return, which is significantly higher than CPD.TO's 0.33% return. Over the past 10 years, ENB-PD.TO has outperformed CPD.TO with an annualized return of 11.61%, while CPD.TO has yielded a comparatively lower 6.41% 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%

CPD.TO

• 1D: 0.22%
• 1M: -0.71%
• YTD: 0.33%
• 6M: 4.71%
• 1Y: 13.28%
• 3Y*: 14.07%
• 5Y*: 6.09%
• 10Y*: 6.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ENB-PD.TO vs. CPD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENB-PD.TO

ENB-PD.TO Risk / Return Rank: 84
ENB-PD.TO Sharpe Ratio Rank: 88
ENB-PD.TO Sortino Ratio Rank: 82
ENB-PD.TO Omega Ratio Rank: 92
ENB-PD.TO Calmar Ratio Rank: 72
ENB-PD.TO Martin Ratio Rank: 83

CPD.TO

CPD.TO Risk / Return Rank: 83
CPD.TO Sharpe Ratio Rank: 89
CPD.TO Sortino Ratio Rank: 86
CPD.TO Omega Ratio Rank: 96
CPD.TO Calmar Ratio Rank: 66
CPD.TO Martin Ratio Rank: 78

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.

ENB-PD.TO vs. CPD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB-PD.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.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	CPD.TO	Difference
Sharpe ratio Return per unit of total volatility	1.85	1.97	-0.12
Sortino ratio Return per unit of downside risk	2.28	2.37	-0.10
Omega ratio Gain probability vs. loss probability	1.44	1.50	-0.06
Calmar ratio Return relative to maximum drawdown	1.69	1.77	-0.08
Martin ratio Return relative to average drawdown	7.36	8.93	-1.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENB-PD.TO vs. CPD.TO - Sharpe Ratio Comparison

The current ENB-PD.TO Sharpe Ratio is 1.85, which is comparable to the CPD.TO Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of ENB-PD.TO and CPD.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.

Sharpe Ratios by Period

	ENB-PD.TO	CPD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	1.97	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	0.79	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.60	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.31	0.00

Correlation

The correlation between ENB-PD.TO and CPD.TO is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ENB-PD.TO vs. CPD.TO - Dividend Comparison

ENB-PD.TO's dividend yield for the trailing twelve months is around 6.21%, more than CPD.TO's 5.10% 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%
CPD.TO iShares S&P/TSX Canadian Preferred Share Index ETF	5.10%	4.96%	5.11%	5.88%	5.53%	4.17%	4.96%	5.02%	4.74%	4.33%	4.85%	5.44%

Drawdowns

ENB-PD.TO vs. CPD.TO - Drawdown Comparison

The maximum ENB-PD.TO drawdown since its inception was -49.63%, which is greater than CPD.TO's maximum drawdown of -40.92%. Use the drawdown chart below to compare losses from any high point for ENB-PD.TO and CPD.TO.

Drawdown Indicators

	ENB-PD.TO	CPD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-40.92%	-8.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-7.57%	-4.00%
Max Drawdown (5Y) Largest decline over 5 years	-21.95%	-24.12%	+2.17%
Max Drawdown (10Y) Largest decline over 10 years	-49.63%	-40.92%	-8.71%
Current Drawdown Current decline from peak	-1.27%	-0.85%	-0.42%
Average Drawdown Average peak-to-trough decline	-10.48%	-6.78%	-3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	1.50%	+1.15%

Volatility

ENB-PD.TO vs. CPD.TO - Volatility Comparison

The current volatility for Enbridge Inc. (ENB-PD.TO) is 1.81%, while iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) has a volatility of 1.96%. This indicates that ENB-PD.TO experiences smaller price fluctuations and is considered to be less risky than CPD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENB-PD.TO	CPD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	1.96%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	5.36%	3.45%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	10.64%	6.79%	+3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.43%	7.72%	+4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	10.66%	+6.67%