ENB.TO vs. JNK
Compare and contrast key facts about Enbridge Inc. (ENB.TO) and SPDR Barclays High Yield Bond ETF (JNK).
JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENB.TO or JNK.
Key characteristics
| ENB.TO | JNK | |
|---|---|---|
| YTD Return | 25.70% | 7.12% |
| 1Y Return | 32.12% | 12.47% |
| 3Y Return (Ann) | 8.96% | 1.91% |
| 5Y Return (Ann) | 10.49% | 3.37% |
| 10Y Return (Ann) | 6.91% | 3.53% |
| Sharpe Ratio | 2.82 | 2.78 |
| Sortino Ratio | 4.20 | 4.39 |
| Omega Ratio | 1.49 | 1.55 |
| Calmar Ratio | 2.05 | 1.90 |
| Martin Ratio | 12.63 | 22.22 |
| Ulcer Index | 2.59% | 0.62% |
| Daily Std Dev | 11.62% | 4.82% |
| Max Drawdown | -48.19% | -38.48% |
| Current Drawdown | -2.09% | -0.77% |
Correlation
The correlation between ENB.TO and JNK is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ENB.TO vs. JNK - Performance Comparison
In the year-to-date period, ENB.TO achieves a 25.70% return, which is significantly higher than JNK's 7.12% return. Over the past 10 years, ENB.TO has outperformed JNK with an annualized return of 6.91%, while JNK has yielded a comparatively lower 3.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ENB.TO vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB.TO) and SPDR Barclays High Yield Bond ETF (JNK). 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.
Dividends
ENB.TO vs. JNK - Dividend Comparison
ENB.TO's dividend yield for the trailing twelve months is around 6.40%, less than JNK's 6.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB.TO Enbridge Inc. | 6.40% | 7.44% | 6.50% | 6.76% | 7.96% | 5.72% | 6.33% | 4.91% | 3.75% | 4.04% | 2.34% | 2.71% |
JNK SPDR Barclays High Yield Bond ETF | 6.59% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% | 5.99% | 6.05% |
Drawdowns
ENB.TO vs. JNK - Drawdown Comparison
The maximum ENB.TO drawdown since its inception was -48.19%, which is greater than JNK's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for ENB.TO and JNK. For additional features, visit the drawdowns tool.
Volatility
ENB.TO vs. JNK - Volatility Comparison
Enbridge Inc. (ENB.TO) has a higher volatility of 2.83% compared to SPDR Barclays High Yield Bond ETF (JNK) at 1.11%. This indicates that ENB.TO's price experiences larger fluctuations and is considered to be riskier than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.