ENB vs. INDA
ENB (Enbridge Inc.) is a stock, while INDA (iShares MSCI India ETF) is India Equities fund tracking the MSCI India Index. Over the past 10 years, ENB returned 9.89%/yr vs 6.45%/yr for INDA. At a 0.30 correlation, their price movements are largely independent.
Performance
ENB vs. INDA - Performance Comparison
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Returns By Period
In the year-to-date period, ENB achieves a 19.58% return, which is significantly higher than INDA's -10.18% return. Over the past 10 years, ENB has outperformed INDA with an annualized return of 9.89%, while INDA has yielded a comparatively lower 6.45% annualized return.
ENB
- 1D
- -1.73%
- 1M
- 2.16%
- 6M
- 20.18%
- YTD
- 19.58%
- 1Y
- 30.49%
- 3Y*
- 21.77%
- 5Y*
- 14.74%
- 10Y*
- 9.89%
- ALL TIME*
- 13.17%
INDA
- 1D
- -0.74%
- 1M
- -2.08%
- 6M
- -8.14%
- YTD
- -10.18%
- 1Y
- -10.92%
- 3Y*
- 3.30%
- 5Y*
- 3.36%
- 10Y*
- 6.45%
- ALL TIME*
- 5.26%
ENB vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 19.58% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -13.60% | 36.05% | -15.53% | -2.73% |
INDA iShares MSCI India ETF | -10.18% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Correlation
The correlation between ENB and INDA 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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.30 |
The correlation between ENB and INDA shifts across timeframes, from -0.01 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENB vs. INDA — Risk / Return Rank
ENB
INDA
ENB vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and iShares MSCI India ETF (INDA). 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 | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.89 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | -0.61 | +3.98 |
| Martin ratioReturn relative to average drawdown | 8.28 | -1.37 | +9.65 |
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Drawdowns
ENB vs. INDA - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, roughly equal to the maximum INDA drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for ENB and INDA.
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Drawdown Indicators
| ENB | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.35% | -45.07% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -17.85% | +8.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.29% | -22.72% | +7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -22.72% | -5.60% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | -45.07% | +1.00% |
Current DrawdownCurrent decline from peak | -3.98% | -17.40% | +13.42% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -9.63% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 7.99% | -4.30% |
Volatility
ENB vs. INDA - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 6.09% compared to iShares MSCI India ETF (INDA) at 3.80%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENB | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 3.80% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 13.08% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 15.00% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 15.46% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.30% | 21.06% | +3.24% |
Dividends
ENB vs. INDA - Dividend Comparison
ENB's dividend yield for the trailing twelve months is around 4.98%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 4.98% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
ENB and INDA 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 (6.09%) compared to INDA (3.80%). In terms of maximum drawdown, ENB dropped -46.35% vs INDA's -45.07%.
ENB currently has the higher Sharpe Ratio (1.84 vs -0.73), 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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