ENB vs. DLY
ENB (Enbridge Inc.) is a stock, while DLY (DoubleLine Yield Opportunities Fund) is Multisector Bonds fund actively managed by DoubleLine. Over the past 5 years, ENB returned 14.42%/yr vs 1.84%/yr for DLY. At a 0.24 correlation, their price movements are largely independent.
Performance
ENB vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, ENB achieves a 21.23% return, which is significantly higher than DLY's -0.52% return.
ENB
- 1D
- 0.07%
- 1M
- 3.68%
- YTD
- 21.23%
- 6M
- 21.95%
- 1Y
- 27.43%
- 3Y*
- 22.21%
- 5Y*
- 14.42%
- 10Y*
- 9.68%
DLY
- 1D
- 0.14%
- 1M
- -1.28%
- YTD
- -0.52%
- 6M
- -0.27%
- 1Y
- -2.75%
- 3Y*
- 8.64%
- 5Y*
- 1.84%
- 10Y*
- —
ENB vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 21.23% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -15.04% |
DLY DoubleLine Yield Opportunities Fund | -0.52% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
Correlation
The correlation between ENB and DLY is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.24 |
The correlation between ENB and DLY shifts across timeframes, from -0.05 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENB vs. DLY — Risk / Return Rank
ENB
DLY
ENB vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and DoubleLine Yield Opportunities Fund (DLY). 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 | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.95 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | -0.32 | +3.34 |
| Martin ratioReturn relative to average drawdown | 7.64 | -0.79 | +8.43 |
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Drawdowns
ENB vs. DLY - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, which is greater than DLY's maximum drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for ENB and DLY.
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Drawdown Indicators
| ENB | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.35% | -28.61% | -17.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -8.74% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.29% | -10.81% | -4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -28.61% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | — | — |
Current DrawdownCurrent decline from peak | -2.65% | -4.62% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -7.81% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.50% | +0.14% |
Volatility
ENB vs. DLY - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 5.99% compared to DoubleLine Yield Opportunities Fund (DLY) at 1.97%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENB | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 1.97% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 6.84% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 8.09% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 13.57% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.33% | 15.02% | +9.31% |
Dividends
ENB vs. DLY - Dividend Comparison
ENB's dividend yield for the trailing twelve months is around 4.91%, less than DLY's 10.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.08% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ENB Enbridge Inc. | 4.91% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
Frequently Asked Questions
ENB and DLY have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENB has higher volatility (5.99%) compared to DLY (1.97%). In terms of maximum drawdown, ENB dropped -46.35% vs DLY's -28.61%.
ENB currently has the higher Sharpe Ratio (1.71 vs -0.34), 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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