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ENB.TO vs. XFN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENB.TO vs. XFN.TO

Last updated Jun 13, 2026

ENB.TO (Enbridge Inc.) is a stock, while XFN.TO (iShares S&P/TSX Capped Financials Index ETF) is Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD. Over the past 10 years, ENB.TO returned 10.59%/yr vs 15.21%/yr for XFN.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

ENB.TO vs. XFN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Enbridge Inc. (ENB.TO) and iShares S&P/TSX Capped Financials Index ETF (XFN.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 23.42% return, which is significantly higher than XFN.TO's 17.97% return. Over the past 10 years, ENB.TO has underperformed XFN.TO with an annualized return of 10.59%, while XFN.TO has yielded a comparatively higher 15.21% 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%

XFN.TO

1D
0.81%
1M
7.31%
YTD
17.97%
6M
19.57%
1Y
49.33%
3Y*
31.45%
5Y*
18.22%
10Y*
15.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENB.TO vs. XFN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ENB.TO
Enbridge Inc.		23.42%14.09%37.18%-3.28%13.96%29.98%-15.30%29.43%-8.30%-8.84%
XFN.TO
iShares S&P/TSX Capped Financials Index ETF		17.97%34.40%29.32%13.09%-9.92%35.57%0.99%20.66%-9.76%12.54%

Correlation

The correlation between ENB.TO and XFN.TO is -0.00, 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

-0.00

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

0.29

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

0.39

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

0.40

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.42

The correlation between ENB.TO and XFN.TO shifts across timeframes, from -0.00 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

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Enbridge Inc.

iShares S&P/TSX Capped Financials Index ETF

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 XFN.TO:
XFN.TO vs. VDY.TOXFN.TO vs. CEW.TOXFN.TO vs. FIE.TOXFN.TO vs. XIU.TOXFN.TO vs. VFV.TOXFN.TO vs. RY.TOXFN.TO vs. XUS-U.TO

Return for Risk

ENB.TO vs. XFN.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: 8787
Overall Rank
ENB.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ENB.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
ENB.TO Omega Ratio Rank: 8585
Omega Ratio Rank
ENB.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
ENB.TO Martin Ratio Rank: 8686
Martin Ratio Rank
XFN.TO
XFN.TO Risk / Return Rank: 9595
Overall Rank
XFN.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XFN.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
XFN.TO Omega Ratio Rank: 9696
Omega Ratio Rank
XFN.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
XFN.TO Martin Ratio Rank: 9595
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. XFN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB.TO) and iShares S&P/TSX Capped Financials Index ETF (XFN.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.TOXFN.TODifference
Sharpe ratioReturn per unit of total volatility
2.00
3.95

-1.95

Sortino ratioReturn per unit of downside risk
2.83
5.49

-2.65

Omega ratioGain probability vs. loss probability

1.34

1.70

-0.36

Calmar ratioReturn relative to maximum drawdown

3.30

6.20

-2.90

Martin ratioReturn relative to average drawdown

8.61

25.03

-16.42

ENB.TO vs. XFN.TO - Sharpe Ratio Comparison

The current ENB.TO Sharpe Ratio is 2.00, which is lower than the XFN.TO Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of ENB.TO and XFN.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. XFN.TO - Drawdown Comparison

The maximum ENB.TO drawdown since its inception was -39.47%, smaller than the maximum XFN.TO drawdown of -55.53%. Use the drawdown chart below to compare losses from any high point for ENB.TO and XFN.TO.

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Drawdown Indicators

ENB.TOXFN.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.47%

-55.53%

+16.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.42%

-7.80%

-1.62%

Max Drawdown (3Y)

Largest decline over 3 years

-11.56%

-12.37%

+0.81%

Max Drawdown (5Y)

Largest decline over 5 years

-21.38%

-21.90%

+0.52%

Max Drawdown (10Y)

Largest decline over 10 years

-39.47%

-39.93%

+0.46%

Current Drawdown

Current decline from peak

-1.51%

0.00%

-1.51%

Average Drawdown

Average peak-to-trough decline

-8.34%

-6.95%

-1.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.66%

1.93%

+1.73%

Volatility

ENB.TO vs. XFN.TO - Volatility Comparison

Enbridge Inc. (ENB.TO) has a higher volatility of 5.97% compared to iShares S&P/TSX Capped Financials Index ETF (XFN.TO) at 4.08%. This indicates that ENB.TO's price experiences larger fluctuations and is considered to be riskier than XFN.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.TOXFN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.97%

4.08%

+1.89%

Volatility (6M)

Calculated over the trailing 6-month period

12.62%

10.20%

+2.42%

Volatility (1Y)

Calculated over the trailing 1-year period

15.64%

12.24%

+3.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.69%

13.50%

+2.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.43%

16.54%

+5.89%

Dividends

ENB.TO vs. XFN.TO - Dividend Comparison

ENB.TO's dividend yield for the trailing twelve months is around 4.84%, more than XFN.TO's 2.07% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XFN.TO
iShares S&P/TSX Capped Financials Index ETF		2.07%2.39%3.16%3.60%3.48%2.67%3.35%3.00%3.43%2.73%2.83%3.17%

Frequently Asked Questions

ENB.TO and XFN.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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