ENB-PD.TO vs. RPF.TO

Last updated Jun 4, 2026

ENB-PD.TO (Enbridge Inc.) is a stock, while RPF.TO (RBC Canadian Preferred Share ETF) is Preferred Stock/Convertible Bonds fund actively managed by RBC. Over the past 5 years, ENB-PD.TO returned 11.42%/yr vs 7.30%/yr for RPF.TO. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

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

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

Returns By Period

In the year-to-date period, ENB-PD.TO achieves a 8.25% return, which is significantly higher than RPF.TO's 6.52% return.

ENB-PD.TO

• 1D: -0.04%
• 1M: 2.40%
• YTD: 8.25%
• 6M: 12.04%
• 1Y: 25.10%
• 3Y*: 17.66%
• 5Y*: 11.42%
• 10Y*: 12.12%

RPF.TO

• 1D: 0.08%
• 1M: 1.08%
• YTD: 6.52%
• 6M: 7.86%
• 1Y: 19.77%
• 3Y*: 19.97%
• 5Y*: 7.30%
• 10Y*: —

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

ENB-PD.TO vs. RPF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENB-PD.TO Enbridge Inc.	8.25%	21.84%	24.80%	3.12%	-7.44%	55.01%	-6.20%	1.97%	-10.49%	21.15%
RPF.TO RBC Canadian Preferred Share ETF	6.52%	19.23%	28.54%	3.28%	-18.37%	23.47%	6.47%	0.25%	-9.87%	16.06%

Correlation

The correlation between ENB-PD.TO and RPF.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016	0.52

The correlation between ENB-PD.TO and RPF.TO has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.

Return for Risk

ENB-PD.TO vs. RPF.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: 96
ENB-PD.TO Sharpe Ratio Rank: 96
ENB-PD.TO Sortino Ratio Rank: 98
ENB-PD.TO Omega Ratio Rank: 97
ENB-PD.TO Calmar Ratio Rank: 93
ENB-PD.TO Martin Ratio Rank: 97

RPF.TO

RPF.TO Risk / Return Rank: 97
RPF.TO Sharpe Ratio Rank: 97
RPF.TO Sortino Ratio Rank: 98
RPF.TO Omega Ratio Rank: 98
RPF.TO Calmar Ratio Rank: 96
RPF.TO Martin Ratio Rank: 98

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. RPF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB-PD.TO) and RBC Canadian Preferred Share ETF (RPF.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	RPF.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.60	4.79	-1.19
Sortino ratio: Return per unit of downside risk	5.41	7.23	-1.82
Omega ratio: Gain probability vs. loss probability	1.72	2.05	-0.34
Calmar ratio: Return relative to maximum drawdown	6.04	9.39	-3.35
Martin ratio: Return relative to average drawdown	26.24	54.91	-28.66
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. RPF.TO - Sharpe Ratio Comparison

The current ENB-PD.TO Sharpe Ratio is 3.60, which is comparable to the RPF.TO Sharpe Ratio of 4.79. The chart below compares the historical Sharpe Ratios of ENB-PD.TO and RPF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENB-PD.TO	RPF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.60	4.79	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.86	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.63	-0.30

Drawdowns

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

The maximum ENB-PD.TO drawdown since its inception was -49.63%, which is greater than RPF.TO's maximum drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for ENB-PD.TO and RPF.TO.

Drawdown Indicators

	ENB-PD.TO	RPF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-45.69%	-3.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.17%	-2.11%	-2.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.56%	-9.19%	-7.37%
Max Drawdown (5Y) Largest decline over 5 years	-21.95%	-26.37%	+4.42%
Max Drawdown (10Y) Largest decline over 10 years	-49.63%	—	—
Current Drawdown Current decline from peak	-0.95%	-0.31%	-0.64%
Average Drawdown Average peak-to-trough decline	-10.36%	-7.63%	-2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.36%	+0.60%

Volatility

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

Enbridge Inc. (ENB-PD.TO) has a higher volatility of 2.28% compared to RBC Canadian Preferred Share ETF (RPF.TO) at 1.13%. This indicates that ENB-PD.TO's price experiences larger fluctuations and is considered to be riskier than RPF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENB-PD.TO	RPF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	1.13%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	4.44%	2.82%	+1.62%
Volatility (1Y) Calculated over the trailing 1-year period	7.01%	4.15%	+2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.35%	8.49%	+3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	12.34%	+4.89%

Dividends

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

ENB-PD.TO's dividend yield for the trailing twelve months is around 5.89%, more than RPF.TO's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENB-PD.TO Enbridge Inc.	5.89%	6.19%	7.05%	7.79%	6.42%	5.60%	8.15%	7.03%	6.50%	5.07%	5.83%	6.19%
RPF.TO RBC Canadian Preferred Share ETF	4.95%	5.08%	5.48%	6.17%	5.65%	4.22%	5.24%	5.06%	4.51%	3.94%	1.10%	0.00%

Frequently Asked Questions

Can I hold both ENB-PD.TO and RPF.TO in my portfolio?

ENB-PD.TO and RPF.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.