ENB vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Enbridge Inc. (ENB) and S&P 500 Index (^GSPC).

Performance

ENB vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enbridge Inc. (ENB) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

ENB vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENB Enbridge Inc.	13.67%	19.51%	26.35%	-1.13%	6.46%	30.83%	-13.60%	36.05%	-15.53%	-2.73%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ENB achieves a 13.67% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, ENB has underperformed ^GSPC with an annualized return of 10.07%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

ENB

• 1D: -0.91%
• 1M: -0.57%
• YTD: 13.67%
• 6M: 11.18%
• 1Y: 27.42%
• 3Y*: 19.61%
• 5Y*: 15.05%
• 10Y*: 10.07%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ENB vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENB

ENB Risk / Return Rank: 83
ENB Sharpe Ratio Rank: 85
ENB Sortino Ratio Rank: 80
ENB Omega Ratio Rank: 79
ENB Calmar Ratio Rank: 85
ENB Martin Ratio Rank: 84

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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 vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and S&P 500 Index (^GSPC). 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.

	ENB	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.61	0.92	+0.69
Sortino ratio Return per unit of downside risk	2.17	1.41	+0.75
Omega ratio Gain probability vs. loss probability	1.29	1.21	+0.07
Calmar ratio Return relative to maximum drawdown	3.00	1.41	+1.59
Martin ratio Return relative to average drawdown	7.45	6.61	+0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENB vs. ^GSPC - Sharpe Ratio Comparison

The current ENB Sharpe Ratio is 1.61, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ENB and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ENB	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	0.92	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.61	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.68	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.46	+0.06

Correlation

The correlation between ENB and ^GSPC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

ENB vs. ^GSPC - Drawdown Comparison

The maximum ENB drawdown since its inception was -46.35%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ENB and ^GSPC.

Drawdown Indicators

	ENB	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-46.35%	-56.78%	+10.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.37%	-12.14%	+2.77%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-25.43%	-2.89%
Max Drawdown (10Y) Largest decline over 10 years	-44.07%	-33.92%	-10.15%
Current Drawdown Current decline from peak	-1.70%	-5.78%	+4.08%
Average Drawdown Average peak-to-trough decline	-10.87%	-10.75%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	2.60%	+1.18%

Volatility

ENB vs. ^GSPC - Volatility Comparison

The current volatility for Enbridge Inc. (ENB) is 3.55%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that ENB experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENB	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	5.37%	-1.82%
Volatility (6M) Calculated over the trailing 6-month period	11.65%	9.55%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	18.33%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.49%	16.90%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.41%	18.05%	+6.36%