ENB vs. BIP-UN.TO
ENB (Enbridge Inc.) and BIP-UN.TO (Brookfield Infrastructure Partners L.P) are both stocks. ENB operates in Oil & Gas Midstream (Energy), while BIP-UN.TO operates in Utilities - Diversified (Utilities). Over the past 10 years, ENB returned 9.34%/yr vs 28.77%/yr for BIP-UN.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
ENB vs. BIP-UN.TO - Performance Comparison
Loading charts...
Different Trading Currencies
ENB is traded in USD, while BIP-UN.TO is traded in CAD. To make them comparable, the BIP-UN.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENB achieves a 18.72% return, which is significantly higher than BIP-UN.TO's 13.82% return. Over the past 10 years, ENB has underperformed BIP-UN.TO with an annualized return of 9.34%, while BIP-UN.TO has yielded a comparatively higher 28.77% annualized return.
ENB
- 1D
- -1.74%
- 1M
- 4.56%
- YTD
- 18.72%
- 6M
- 17.84%
- 1Y
- 25.57%
- 3Y*
- 20.90%
- 5Y*
- 13.89%
- 10Y*
- 9.34%
BIP-UN.TO
- 1D
- -0.39%
- 1M
- 6.39%
- YTD
- 13.82%
- 6M
- 12.37%
- 1Y
- 20.99%
- 3Y*
- 7.00%
- 5Y*
- 14.92%
- 10Y*
- 28.77%
ENB vs. BIP-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 18.72% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -13.60% | 36.05% | -15.53% | -2.73% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 13.82% | 15.30% | 6.27% | 7.08% | 20.25% | 27.91% | 17.32% | 52.53% | -17.94% | 42.93% |
Correlation
The correlation between ENB and BIP-UN.TO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2009 | 0.23 |
The correlation between ENB and BIP-UN.TO shifts across timeframes, from 0.09 (1 year) to 0.31 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
ENB:
$4.92
BIP-UN.TO:
CA$0.91
ENB:
11.24
BIP-UN.TO:
59.66
ENB:
0.51
BIP-UN.TO:
0.31
ENB:
1.32
BIP-UN.TO:
1.04
ENB:
$69.05B
BIP-UN.TO:
CA$24.01B
ENB:
$15.35B
BIP-UN.TO:
CA$6.49B
ENB:
$17.09B
BIP-UN.TO:
CA$11.14B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENB vs. BIP-UN.TO — Risk / Return Rank
ENB
BIP-UN.TO
ENB vs. BIP-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and Brookfield Infrastructure Partners L.P (BIP-UN.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.
| ENB | BIP-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.75 | +1.07 |
| Martin ratioReturn relative to average drawdown | 7.09 | 3.79 | +3.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ENB | BIP-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.15 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.45 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.74 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.90 | -0.38 |
Drawdowns
ENB vs. BIP-UN.TO - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, smaller than the maximum BIP-UN.TO drawdown of -51.41%. Use the drawdown chart below to compare losses from any high point for ENB and BIP-UN.TO.
Loading charts...
Drawdown Indicators
| ENB | BIP-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.35% | -51.41% | +5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -12.06% | +2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -41.17% | +25.39% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -47.89% | +19.57% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | -51.41% | +7.34% |
Current DrawdownCurrent decline from peak | -4.67% | -1.52% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -7.80% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 5.55% | -1.93% |
Volatility
ENB vs. BIP-UN.TO - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 6.10% compared to Brookfield Infrastructure Partners L.P (BIP-UN.TO) at 4.78%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than BIP-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENB | BIP-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 4.78% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 14.26% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 18.41% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 33.34% | -14.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 38.92% | -14.58% |
Dividends
ENB vs. BIP-UN.TO - Dividend Comparison
ENB's dividend yield for the trailing twelve months is around 5.01%, more than BIP-UN.TO's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP-UN.TO Brookfield Infrastructure Partners L.P | 4.51% | 5.04% | 4.85% | 5.00% | 4.23% | 3.97% | 5.61% | 5.62% | 6.65% | 5.64% | 5.16% | 10.13% |
ENB Enbridge Inc. | 5.01% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
Financials
ENB vs. BIP-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and Brookfield Infrastructure Partners L.P. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ENB vs. BIP-UN.TO - Profitability Comparison
ENB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported a gross profit of 0.00 and revenue of 22.36B. Therefore, the gross margin over that period was 0.0%.
BIP-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a gross profit of 1.70B and revenue of 6.30B. Therefore, the gross margin over that period was 26.9%.
ENB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported an operating income of 3.23B and revenue of 22.36B, resulting in an operating margin of 14.4%.
BIP-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported an operating income of 1.59B and revenue of 6.30B, resulting in an operating margin of 25.2%.
ENB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported a net income of 2.95B and revenue of 22.36B, resulting in a net margin of 13.2%.
BIP-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a net income of -86.00M and revenue of 6.30B, resulting in a net margin of -1.4%.
Frequently Asked Questions
ENB and BIP-UN.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ENB and BIP-UN.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer