ENB vs. BMEZ
ENB (Enbridge Inc.) and BMEZ (BlackRock Health Sciences Trust II) are both stocks. ENB operates in Oil & Gas Midstream (Energy), while BMEZ operates in Capital Markets (Financial Services). Over the past 5 years, ENB returned 13.89%/yr vs -3.85%/yr for BMEZ. At a 0.28 correlation, their price movements are largely independent.
Performance
ENB vs. BMEZ - Performance Comparison
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Returns By Period
In the year-to-date period, ENB achieves a 18.72% return, which is significantly higher than BMEZ's -1.89% 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%
BMEZ
- 1D
- -0.77%
- 1M
- 1.06%
- YTD
- -1.89%
- 6M
- -3.49%
- 1Y
- 6.83%
- 3Y*
- 6.74%
- 5Y*
- -3.85%
- 10Y*
- —
ENB vs. BMEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 18.72% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -16.45% |
BMEZ BlackRock Health Sciences Trust II | -1.89% | 18.69% | 9.54% | 5.07% | -32.65% | -6.00% | 48.77% |
Correlation
The correlation between ENB and BMEZ is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2020 | 0.28 |
Over the past year, the correlation between ENB and BMEZ has dropped to 0.01 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
ENB:
$69.05B
BMEZ:
$58.97M
ENB:
$15.35B
BMEZ:
$52.95M
ENB:
$17.09B
BMEZ:
$43.53M
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Return for Risk
ENB vs. BMEZ — Risk / Return Rank
ENB
BMEZ
ENB vs. BMEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and BlackRock Health Sciences Trust II (BMEZ). 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 | BMEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.09 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 0.61 | +2.21 |
| Martin ratioReturn relative to average drawdown | 7.09 | 1.51 | +5.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENB | BMEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.45 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | -0.19 | +0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.16 | +0.37 |
Drawdowns
ENB vs. BMEZ - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, roughly equal to the maximum BMEZ drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for ENB and BMEZ.
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Drawdown Indicators
| ENB | BMEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.35% | -46.19% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -11.24% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -18.41% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -46.17% | +17.85% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | — | — |
Current DrawdownCurrent decline from peak | -4.67% | -21.30% | +16.63% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -24.16% | +13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 4.56% | -0.94% |
Volatility
ENB vs. BMEZ - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 6.10% compared to BlackRock Health Sciences Trust II (BMEZ) at 5.13%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than BMEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENB | BMEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.13% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 11.52% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 15.28% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 19.91% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 24.15% | +0.19% |
Dividends
ENB vs. BMEZ - Dividend Comparison
ENB's dividend yield for the trailing twelve months is around 5.01%, less than BMEZ's 10.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | 10.86% | 12.43% | 11.74% | 10.80% | 11.28% | 6.51% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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. BMEZ - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and BlackRock Health Sciences Trust II. 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
Frequently Asked Questions
ENB and BMEZ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENB has higher volatility (6.10%) compared to BMEZ (5.13%). In terms of maximum drawdown, ENB dropped -46.35% vs BMEZ's -46.19%.
ENB currently has the higher Sharpe Ratio (1.58 vs 0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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