ENB.TO vs. RAAX
ENB.TO (Enbridge Inc.) is a stock, while RAAX (VanEck Inflation Allocation ETF) is Diversified Portfolio fund actively managed by VanEck. Over the past 5 years, ENB.TO returned 17.63%/yr vs 16.49%/yr for RAAX. At a 0.31 correlation, their price movements are largely independent.
Performance
ENB.TO vs. RAAX - Performance Comparison
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Different Trading Currencies
ENB.TO is traded in CAD, while RAAX is traded in USD. To make them comparable, the RAAX 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 RAAX's 20.02% 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%
RAAX
- 1D
- 2.45%
- 1M
- -0.06%
- YTD
- 20.02%
- 6M
- 19.24%
- 1Y
- 35.74%
- 3Y*
- 23.17%
- 5Y*
- 16.49%
- 10Y*
- —
ENB.TO vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ENB.TO Enbridge Inc. | 23.42% | 14.09% | 37.18% | -3.28% | 13.96% | 29.98% | -15.30% | 29.43% | 10.46% |
RAAX VanEck Inflation Allocation ETF | 20.02% | 20.96% | 22.02% | 4.18% | 7.95% | 21.50% | -10.44% | 1.77% | 4.66% |
Correlation
The correlation between ENB.TO and RAAX is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.31 |
Over the past year, the correlation between ENB.TO and RAAX has dropped to 0.07 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
ENB.TO vs. RAAX — Risk / Return Rank
ENB.TO
RAAX
ENB.TO vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB.TO) and VanEck Inflation Allocation ETF (RAAX). 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 | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.46 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 5.76 | -2.47 |
| Martin ratioReturn relative to average drawdown | 8.61 | 21.64 | -13.03 |
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Drawdowns
ENB.TO vs. RAAX - Drawdown Comparison
The maximum ENB.TO drawdown since its inception was -39.47%, which is greater than RAAX's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for ENB.TO and RAAX.
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Drawdown Indicators
| ENB.TO | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.47% | -29.03% | -10.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -6.34% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.56% | -11.92% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.38% | -17.70% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -39.47% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -1.74% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -5.19% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 1.69% | +1.97% |
Volatility
ENB.TO vs. RAAX - Volatility Comparison
Enbridge Inc. (ENB.TO) has a higher volatility of 5.97% compared to VanEck Inflation Allocation ETF (RAAX) at 4.84%. This indicates that ENB.TO's price experiences larger fluctuations and is considered to be riskier than RAAX 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 | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 4.84% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 12.44% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 14.43% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 16.55% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 16.76% | +5.67% |
Dividends
ENB.TO vs. RAAX - Dividend Comparison
ENB.TO's dividend yield for the trailing twelve months is around 4.84%, more than RAAX's 1.99% 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% |
RAAX VanEck Inflation Allocation ETF | 1.99% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ENB.TO and RAAX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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