ENB.TO vs. AVDE

Last updated Jun 13, 2026

ENB.TO (Enbridge Inc.) is a stock, while AVDE (Avantis International Equity ETF) is Foreign Large Cap Equities fund actively managed by Avantis. Over the past 5 years, ENB.TO returned 17.63%/yr vs 13.21%/yr for AVDE. At a 0.35 correlation, their price movements are largely independent.

Performance

ENB.TO vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Enbridge Inc. (ENB.TO) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ENB.TO is traded in CAD, while AVDE is traded in USD. To make them comparable, the AVDE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ENB.TO achieves a 23.42% return, which is significantly higher than AVDE's 13.12% return.

ENB.TO

• 1D: 0.13%
• 1M: 3.74%
• YTD: 23.42%
• 6M: 23.83%
• 1Y: 31.58%
• 3Y*: 24.19%
• 5Y*: 17.63%
• 10Y*: 10.59%

AVDE

• 1D: 0.78%
• 1M: 2.03%
• YTD: 13.12%
• 6M: 14.02%
• 1Y: 31.03%
• 3Y*: 21.35%
• 5Y*: 13.21%
• 10Y*: —

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

ENB.TO vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ENB.TO Enbridge Inc.	23.42%	14.09%	37.18%	-3.28%	13.96%	29.98%	-15.30%	11.74%
AVDE Avantis International Equity ETF	13.12%	31.74%	13.76%	14.40%	-8.21%	13.56%	5.69%	6.35%

Correlation

The correlation between ENB.TO and AVDE is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.35

The correlation between ENB.TO and AVDE shifts across timeframes, from -0.04 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ENB.TO vs. AVDE — Risk / Return Rank

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

ENB.TO

ENB.TO Risk / Return Rank: 87
ENB.TO Sharpe Ratio Rank: 89
ENB.TO Sortino Ratio Rank: 88
ENB.TO Omega Ratio Rank: 85
ENB.TO Calmar Ratio Rank: 86
ENB.TO Martin Ratio Rank: 86

AVDE

AVDE Risk / Return Rank: 58
AVDE Sharpe Ratio Rank: 60
AVDE Sortino Ratio Rank: 60
AVDE Omega Ratio Rank: 59
AVDE Calmar Ratio Rank: 52
AVDE Martin Ratio Rank: 58

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.TO vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB.TO) and Avantis International Equity ETF (AVDE). 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.TO	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.89	+0.10
Sortino ratio: Return per unit of downside risk	2.83	2.64	+0.20
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	3.30	2.60	+0.69
Martin ratio: Return relative to average drawdown	8.61	10.36	-1.75

ENB.TO vs. AVDE - Sharpe Ratio Comparison

The current ENB.TO Sharpe Ratio is 2.00, which is comparable to the AVDE Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of ENB.TO and AVDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENB.TO vs. AVDE - Drawdown Comparison

The maximum ENB.TO drawdown since its inception was -39.47%, which is greater than AVDE's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for ENB.TO and AVDE.

Drawdown Indicators

	ENB.TO	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-39.47%	-31.83%	-7.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-11.26%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	-11.56%	-13.88%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-21.38%	-22.94%	+1.56%
Max Drawdown (10Y) Largest decline over 10 years	-39.47%	—	—
Current Drawdown Current decline from peak	-1.51%	0.00%	-1.51%
Average Drawdown Average peak-to-trough decline	-8.34%	-4.42%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	2.83%	+0.83%

Volatility

ENB.TO vs. AVDE - Volatility Comparison

Enbridge Inc. (ENB.TO) and Avantis International Equity ETF (AVDE) have volatilities of 5.97% and 5.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENB.TO	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	5.72%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	12.62%	13.15%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	15.64%	15.48%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	17.37%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.43%	19.86%	+2.57%

Dividends

ENB.TO vs. AVDE - Dividend Comparison

ENB.TO's dividend yield for the trailing twelve months is around 4.84%, more than AVDE's 3.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	3.84%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
ENB.TO Enbridge Inc.	4.84%	5.74%	6.00%	7.44%	6.50%	6.76%	7.96%	5.72%	6.33%	4.91%	3.75%	4.04%

Frequently Asked Questions

Can I hold both ENB.TO and AVDE in my portfolio?

ENB.TO and AVDE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.