ENB.TO vs. GOOGL
ENB.TO (Enbridge Inc.) and GOOGL (Alphabet Inc. Class A) are both stocks. ENB.TO operates in Oil & Gas Midstream (Energy), while GOOGL operates in Internet Content & Information (Communication Services). Over the past 10 years, ENB.TO returned 10.59%/yr vs 26.84%/yr for GOOGL. At a 0.18 correlation, their price movements are largely independent.
Performance
ENB.TO vs. GOOGL - Performance Comparison
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Different Trading Currencies
ENB.TO is traded in CAD, while GOOGL is traded in USD. To make them comparable, the GOOGL 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 GOOGL's 17.40% return. Over the past 10 years, ENB.TO has underperformed GOOGL with an annualized return of 10.59%, while GOOGL has yielded a comparatively higher 26.84% annualized 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%
GOOGL
- 1D
- 0.72%
- 1M
- -7.65%
- YTD
- 17.40%
- 6M
- 18.11%
- 1Y
- 112.22%
- 3Y*
- 45.24%
- 5Y*
- 28.11%
- 10Y*
- 26.84%
ENB.TO vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENB.TO Enbridge Inc. | 23.42% | 14.09% | 37.18% | -3.28% | 13.96% | 29.98% | -15.30% | 29.43% | -8.30% | -8.84% |
GOOGL Alphabet Inc. Class A | 17.40% | 58.42% | 47.52% | 54.56% | -35.23% | 65.21% | 27.75% | 22.89% | 7.54% | 23.93% |
Correlation
The correlation between ENB.TO and GOOGL is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.18 |
The correlation between ENB.TO and GOOGL shifts across timeframes, from -0.19 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ENB.TO:
CA$172.81B
GOOGL:
$4.40T
ENB.TO:
CA$3.46
GOOGL:
$13.11
ENB.TO:
22.84
GOOGL:
27.43
ENB.TO:
1.05
GOOGL:
1.35
ENB.TO:
2.22
GOOGL:
10.40
ENB.TO:
2.13
GOOGL:
9.19
ENB.TO:
CA$77.79B
GOOGL:
$422.57B
ENB.TO:
CA$25.33B
GOOGL:
$255.12B
ENB.TO:
CA$20.88B
GOOGL:
$174.08B
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Return for Risk
ENB.TO vs. GOOGL — Risk / Return Rank
ENB.TO
GOOGL
ENB.TO vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB.TO) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.61 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 5.86 | -2.56 |
| Martin ratioReturn relative to average drawdown | 8.61 | 19.93 | -11.32 |
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Drawdowns
ENB.TO vs. GOOGL - Drawdown Comparison
The maximum ENB.TO drawdown since its inception was -39.47%, smaller than the maximum GOOGL drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for ENB.TO and GOOGL.
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Drawdown Indicators
| ENB.TO | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.47% | -56.06% | +16.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -18.86% | +9.44% |
Max Drawdown (3Y)Largest decline over 3 years | -11.56% | -31.02% | +19.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.38% | -39.63% | +18.25% |
Max Drawdown (10Y)Largest decline over 10 years | -39.47% | -39.63% | +0.16% |
Current DrawdownCurrent decline from peak | -1.51% | -8.82% | +7.31% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -11.98% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 5.54% | -1.88% |
Volatility
ENB.TO vs. GOOGL - Volatility Comparison
The current volatility for Enbridge Inc. (ENB.TO) is 5.97%, while Alphabet Inc. Class A (GOOGL) has a volatility of 7.59%. This indicates that ENB.TO experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENB.TO | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 7.59% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 20.92% | -8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 29.27% | -13.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 31.92% | -16.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 29.84% | -7.41% |
Dividends
ENB.TO vs. GOOGL - Dividend Comparison
ENB.TO's dividend yield for the trailing twelve months is around 4.84%, more than GOOGL's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ENB.TO vs. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and Alphabet Inc. Class A. 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
ENB.TO vs. GOOGL - Profitability Comparison
ENB.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported a gross profit of 8.60B and revenue of 31.19B. Therefore, the gross margin over that period was 27.6%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
ENB.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported an operating income of 5.06B and revenue of 31.19B, resulting in an operating margin of 16.2%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
ENB.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported a net income of 2.44B and revenue of 31.19B, resulting in a net margin of 7.8%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
ENB.TO and GOOGL have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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