ENB-PP.TO vs. MUSA
ENB-PP.TO (Enbridge Inc.) and MUSA (Murphy USA Inc.) are both stocks. ENB-PP.TO operates in Oil & Gas Midstream (Energy), while MUSA operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, ENB-PP.TO returned 11.49%/yr vs 25.99%/yr for MUSA. At a 0.03 correlation, their price movements are largely independent.
Performance
ENB-PP.TO vs. MUSA - Performance Comparison
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Different Trading Currencies
ENB-PP.TO is traded in CAD, while MUSA is traded in USD. To make them comparable, the MUSA 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 MUSA's 57.84% return. Over the past 10 years, ENB-PP.TO has underperformed MUSA with an annualized return of 11.49%, while MUSA has yielded a comparatively higher 25.99% 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%
MUSA
- 1D
- 0.26%
- 1M
- 10.28%
- YTD
- 57.84%
- 6M
- 55.79%
- 1Y
- 59.96%
- 3Y*
- 31.69%
- 5Y*
- 39.84%
- 10Y*
- 25.99%
ENB-PP.TO vs. MUSA - 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% |
MUSA Murphy USA Inc. | 57.84% | -22.84% | 53.23% | 25.15% | 49.96% | 53.26% | 9.40% | 46.37% | 3.39% | 21.88% |
Correlation
The correlation between ENB-PP.TO and MUSA is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2013 | 0.03 |
The correlation between ENB-PP.TO and MUSA shifts across timeframes, from -0.14 (1 year) to 0.04 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
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Return for Risk
ENB-PP.TO vs. MUSA — Risk / Return Rank
ENB-PP.TO
MUSA
ENB-PP.TO vs. MUSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB-PP.TO) and Murphy USA Inc. (MUSA). 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 | MUSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.27 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.99 | 2.53 | +3.46 |
| Martin ratioReturn relative to average drawdown | 25.80 | 6.06 | +19.74 |
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Drawdowns
ENB-PP.TO vs. MUSA - Drawdown Comparison
The maximum ENB-PP.TO drawdown since its inception was -50.40%, which is greater than MUSA's maximum drawdown of -36.74%. Use the drawdown chart below to compare losses from any high point for ENB-PP.TO and MUSA.
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Drawdown Indicators
| ENB-PP.TO | MUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.40% | -36.74% | -13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -21.59% | +17.34% |
Max Drawdown (3Y)Largest decline over 3 years | -10.83% | -36.74% | +25.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -36.74% | +10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -50.40% | -36.74% | -13.66% |
Current DrawdownCurrent decline from peak | -1.31% | 0.00% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -9.60% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 9.00% | -8.02% |
Volatility
ENB-PP.TO vs. MUSA - Volatility Comparison
The current volatility for Enbridge Inc. (ENB-PP.TO) is 1.49%, while Murphy USA Inc. (MUSA) has a volatility of 12.59%. This indicates that ENB-PP.TO experiences smaller price fluctuations and is considered to be less risky than MUSA 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 | MUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 12.59% | -11.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 30.64% | -26.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.23% | 39.55% | -32.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 31.27% | -18.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 32.36% | -15.02% |
Dividends
ENB-PP.TO vs. MUSA - Dividend Comparison
ENB-PP.TO's dividend yield for the trailing twelve months is around 6.15%, more than MUSA's 0.39% 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% |
MUSA Murphy USA Inc. | 0.39% | 0.53% | 0.36% | 0.43% | 0.45% | 0.52% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ENB-PP.TO vs. MUSA - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and Murphy USA 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
Frequently Asked Questions
ENB-PP.TO and MUSA have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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