ENB vs. ENB-PP.TO
ENB (Enbridge Inc.) and ENB-PP.TO (Enbridge Inc.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, ENB returned 9.68%/yr vs 10.54%/yr for ENB-PP.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
ENB vs. ENB-PP.TO - Performance Comparison
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Different Trading Currencies
ENB is traded in USD, while ENB-PP.TO is traded in CAD. To make them comparable, the ENB-PP.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 21.23% return, which is significantly higher than ENB-PP.TO's 7.63% return. Over the past 10 years, ENB has underperformed ENB-PP.TO with an annualized return of 9.68%, while ENB-PP.TO has yielded a comparatively higher 10.54% annualized return.
ENB
- 1D
- 0.07%
- 1M
- 1.78%
- YTD
- 21.23%
- 6M
- 21.95%
- 1Y
- 27.81%
- 3Y*
- 22.21%
- 5Y*
- 14.42%
- 10Y*
- 9.68%
ENB-PP.TO
- 1D
- 0.07%
- 1M
- -2.81%
- YTD
- 7.63%
- 6M
- 10.07%
- 1Y
- 21.87%
- 3Y*
- 20.61%
- 5Y*
- 8.04%
- 10Y*
- 10.54%
ENB vs. ENB-PP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 21.23% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -13.60% | 36.05% | -15.53% | -2.73% |
ENB-PP.TO Enbridge Inc. | 7.63% | 24.97% | 20.28% | 17.54% | -22.53% | 44.86% | -1.66% | 11.22% | -22.43% | 28.12% |
Correlation
The correlation between ENB and ENB-PP.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 | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2012 | 0.18 |
The correlation between ENB and ENB-PP.TO shifts across timeframes, from 0.09 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
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Return for Risk
ENB vs. ENB-PP.TO — Risk / Return Rank
ENB
ENB-PP.TO
ENB vs. ENB-PP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and Enbridge Inc. (ENB-PP.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 | ENB-PP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.47 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 4.82 | -1.80 |
| Martin ratioReturn relative to average drawdown | 7.64 | 14.65 | -7.00 |
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Drawdowns
ENB vs. ENB-PP.TO - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, smaller than the maximum ENB-PP.TO drawdown of -64.12%. Use the drawdown chart below to compare losses from any high point for ENB and ENB-PP.TO.
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Drawdown Indicators
| ENB | ENB-PP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.35% | -64.12% | +17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -4.70% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.29% | -10.26% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -33.10% | +4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | -57.82% | +13.75% |
Current DrawdownCurrent decline from peak | -2.65% | -2.81% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -21.31% | +10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 1.54% | +2.10% |
Volatility
ENB vs. ENB-PP.TO - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 5.99% compared to Enbridge Inc. (ENB-PP.TO) at 1.87%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than ENB-PP.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 | ENB-PP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 1.87% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 5.85% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 8.81% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 14.48% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.33% | 19.01% | +5.32% |
Dividends
ENB vs. ENB-PP.TO - Dividend Comparison
ENB's dividend yield for the trailing twelve months is around 4.91%, less than ENB-PP.TO's 6.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ENB-PP.TO Enbridge Inc. | 6.15% | 6.55% | 6.81% | 6.54% | 5.26% | 4.14% | 7.62% | 6.60% | 6.15% | 4.92% | 5.59% | 5.93% |
Financials
ENB vs. ENB-PP.TO - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and Enbridge Inc.. 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 ENB-PP.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.
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