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ENB.TO vs. QQC-F.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENB.TO vs. QQC-F.TO

Last updated Jul 2, 2026
See Documentation

ENB.TO (Enbridge Inc.) is a stock, while QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, ENB.TO returned 10.02%/yr vs 20.46%/yr for QQC-F.TO. At a 0.22 correlation, their price movements are largely independent.

Performance

ENB.TO vs. QQC-F.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Enbridge Inc. (ENB.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ENB.TO achieves a 20.18% return, which is significantly higher than QQC-F.TO's 18.52% return. Over the past 10 years, ENB.TO has underperformed QQC-F.TO with an annualized return of 10.02%, while QQC-F.TO has yielded a comparatively higher 20.46% annualized return.

ENB.TO

1D
-2.18%
1M
1.09%
YTD
20.18%
6M
20.18%
1Y
31.49%
3Y*
23.67%
5Y*
16.36%
10Y*
10.02%

QQC-F.TO

1D
1.76%
1M
-1.07%
YTD
18.52%
6M
18.52%
1Y
31.28%
3Y*
24.50%
5Y*
14.84%
10Y*
20.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENB.TO vs. QQC-F.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ENB.TO
Enbridge Inc.		20.18%14.09%37.18%-3.28%13.96%29.98%-15.30%29.43%-8.30%-8.84%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		18.52%18.79%24.19%52.81%-33.42%27.15%45.04%37.63%-2.23%31.94%

Correlation

The correlation between ENB.TO and QQC-F.TO is -0.28, 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

-0.28

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (10Y)
Calculated over the trailing 10-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2012

0.22

The correlation between ENB.TO and QQC-F.TO shifts across timeframes, from -0.28 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Enbridge Inc.

Invesco NASDAQ 100 Index ETF CAD Hedged

Often compared with ENB.TO:
ENB.TO vs. CNQ.TOENB.TO vs. PPL.TOENB.TO vs. SU.TOENB.TO vs. WCP.TOENB.TO vs. TRP.TOENB.TO vs. TD.TOENB.TO vs. BCE.TO
Often compared with QQC-F.TO:
QQC-F.TO vs. QQC.TOQQC-F.TO vs. XEQT.TOQQC-F.TO vs. QQQQQC-F.TO vs. HXQ.TOQQC-F.TO vs. QQQMQQC-F.TO vs. XQQ.TOQQC-F.TO vs. VFV.TO

Return for Risk

ENB.TO vs. QQC-F.TO — 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: 8888
Overall Rank
ENB.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
ENB.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
ENB.TO Omega Ratio Rank: 8686
Omega Ratio Rank
ENB.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
ENB.TO Martin Ratio Rank: 8888
Martin Ratio Rank
QQC-F.TO
QQC-F.TO Risk / Return Rank: 5959
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 5858
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 5757
Martin Ratio Rank
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. QQC-F.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). 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.TOQQC-F.TODifference
Sharpe ratioReturn per unit of total volatility
2.01
1.76

+0.25

Sortino ratioReturn per unit of downside risk
2.85
2.37

+0.47

Omega ratioGain probability vs. loss probability

1.34

1.31

+0.03

Calmar ratioReturn relative to maximum drawdown

3.36

2.42

+0.94

Martin ratioReturn relative to average drawdown

9.07

8.64

+0.43

ENB.TO vs. QQC-F.TO - Sharpe Ratio Comparison

The current ENB.TO Sharpe Ratio is 2.01, which is comparable to the QQC-F.TO Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ENB.TO and QQC-F.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ENB.TO vs. QQC-F.TO - Drawdown Comparison

The maximum ENB.TO drawdown since its inception was -39.47%, which is greater than QQC-F.TO's maximum drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for ENB.TO and QQC-F.TO.

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Drawdown Indicators

ENB.TOQQC-F.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.47%

-36.03%

-3.44%

Max Drawdown (1Y)

Largest decline over 1 year

-9.42%

-12.98%

+3.56%

Max Drawdown (3Y)

Largest decline over 3 years

-11.56%

-22.76%

+11.20%

Max Drawdown (5Y)

Largest decline over 5 years

-21.38%

-36.03%

+14.65%

Max Drawdown (10Y)

Largest decline over 10 years

-39.47%

-36.03%

-3.44%

Current Drawdown

Current decline from peak

-4.09%

-1.38%

-2.71%

Average Drawdown

Average peak-to-trough decline

-8.35%

-5.48%

-2.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.50%

3.63%

-0.13%

Volatility

ENB.TO vs. QQC-F.TO - Volatility Comparison

The current volatility for Enbridge Inc. (ENB.TO) is 5.65%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 9.13%. This indicates that ENB.TO experiences smaller price fluctuations and is considered to be less risky than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ENB.TOQQC-F.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.65%

9.13%

-3.48%

Volatility (6M)

Calculated over the trailing 6-month period

12.98%

14.57%

-1.59%

Volatility (1Y)

Calculated over the trailing 1-year period

15.79%

17.91%

-2.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.74%

22.76%

-7.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.44%

22.64%

-0.20%

Dividends

ENB.TO vs. QQC-F.TO - Dividend Comparison

ENB.TO's dividend yield for the trailing twelve months is around 4.97%, more than QQC-F.TO's 0.33% yield.

PositionTTM20252024202320222021202020192018201720162015
ENB.TO
Enbridge Inc.		4.97%5.74%6.00%7.44%6.50%6.76%7.96%5.72%6.33%4.91%3.75%4.04%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.33%0.39%0.50%0.57%0.89%0.66%0.49%0.64%0.77%0.66%0.81%0.76%

Frequently Asked Questions

ENB.TO and QQC-F.TO have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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