ENB-PP.TO vs. MPLX
ENB-PP.TO (Enbridge Inc.) and MPLX (MPLX LP) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, ENB-PP.TO returned 11.49%/yr vs 16.84%/yr for MPLX. At a 0.12 correlation, their price movements are largely independent.
Performance
ENB-PP.TO vs. MPLX - Performance Comparison
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Different Trading Currencies
ENB-PP.TO is traded in CAD, while MPLX is traded in USD. To make them comparable, the MPLX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENB-PP.TO achieves a 9.81% return, which is significantly lower than MPLX's 13.01% return. Over the past 10 years, ENB-PP.TO has underperformed MPLX with an annualized return of 11.49%, while MPLX has yielded a comparatively higher 16.84% annualized return.
ENB-PP.TO
- 1D
- 0.25%
- 1M
- -0.91%
- YTD
- 9.81%
- 6M
- 11.64%
- 1Y
- 25.24%
- 3Y*
- 22.41%
- 5Y*
- 11.21%
- 10Y*
- 11.49%
MPLX
- 1D
- 0.86%
- 1M
- 4.34%
- YTD
- 13.01%
- 6M
- 9.32%
- 1Y
- 21.86%
- 3Y*
- 31.36%
- 5Y*
- 27.27%
- 10Y*
- 16.84%
ENB-PP.TO vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENB-PP.TO Enbridge Inc. | 9.81% | 19.26% | 30.47% | 14.74% | -17.62% | 44.79% | -3.99% | 6.63% | -15.91% | 19.44% |
MPLX MPLX LP | 13.01% | 15.04% | 53.72% | 19.54% | 28.76% | 53.84% | -4.12% | -12.03% | -0.73% | 1.62% |
Correlation
The correlation between ENB-PP.TO and MPLX is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.12 |
The correlation between ENB-PP.TO and MPLX shifts across timeframes, from -0.01 (1 year) to 0.15 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
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Return for Risk
ENB-PP.TO vs. MPLX — Risk / Return Rank
ENB-PP.TO
MPLX
ENB-PP.TO vs. MPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB-PP.TO) and MPLX LP (MPLX). 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.
| ENB-PP.TO | MPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.23 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 5.99 | 2.57 | +3.41 |
| Martin ratioReturn relative to average drawdown | 25.80 | 6.20 | +19.60 |
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Drawdowns
ENB-PP.TO vs. MPLX - Drawdown Comparison
The maximum ENB-PP.TO drawdown since its inception was -50.40%, smaller than the maximum MPLX drawdown of -83.75%. Use the drawdown chart below to compare losses from any high point for ENB-PP.TO and MPLX.
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Drawdown Indicators
| ENB-PP.TO | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.40% | -83.75% | +33.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -8.30% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -10.83% | -15.36% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -16.13% | -10.14% |
Max Drawdown (10Y)Largest decline over 10 years | -50.40% | -72.88% | +22.48% |
Current DrawdownCurrent decline from peak | -1.31% | -0.54% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -28.44% | +17.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 3.44% | -2.46% |
Volatility
ENB-PP.TO vs. MPLX - Volatility Comparison
The current volatility for Enbridge Inc. (ENB-PP.TO) is 1.49%, while MPLX LP (MPLX) has a volatility of 4.89%. This indicates that ENB-PP.TO experiences smaller price fluctuations and is considered to be less risky than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENB-PP.TO | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 4.89% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 11.87% | -7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.23% | 16.13% | -8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 20.03% | -7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 31.23% | -13.89% |
Dividends
ENB-PP.TO vs. MPLX - Dividend Comparison
ENB-PP.TO's dividend yield for the trailing twelve months is around 6.15%, less than MPLX's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB-PP.TO Enbridge Inc. | 6.15% | 6.55% | 6.81% | 6.54% | 5.26% | 4.14% | 7.62% | 6.60% | 6.15% | 4.92% | 5.59% | 5.93% |
MPLX MPLX LP | 7.36% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
Financials
ENB-PP.TO vs. MPLX - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and MPLX LP. 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
Frequently Asked Questions
ENB-PP.TO and MPLX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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