ENB vs. JNJ
ENB (Enbridge Inc.) and JNJ (Johnson & Johnson) are both stocks. ENB operates in Oil & Gas Midstream (Energy), while JNJ operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, ENB returned 9.68%/yr vs 10.46%/yr for JNJ. At a 0.17 correlation, their price movements are largely independent.
Performance
ENB vs. JNJ - 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 JNJ's 17.68% return. Over the past 10 years, ENB has underperformed JNJ with an annualized return of 9.68%, while JNJ has yielded a comparatively higher 10.46% annualized 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%
JNJ
- 1D
- 1.07%
- 1M
- 5.14%
- YTD
- 17.68%
- 6M
- 15.11%
- 1Y
- 57.60%
- 3Y*
- 17.82%
- 5Y*
- 10.94%
- 10Y*
- 10.46%
ENB vs. JNJ - 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% |
JNJ Johnson & Johnson | 17.68% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
Correlation
The correlation between ENB and JNJ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.17 |
The correlation between ENB and JNJ shifts across timeframes, from 0.17 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ENB:
$4.92
JNJ:
$8.65
ENB:
11.48
JNJ:
27.85
ENB:
0.53
JNJ:
0.93
ENB:
1.34
JNJ:
6.08
ENB:
$69.05B
JNJ:
$96.36B
ENB:
$15.35B
JNJ:
$66.60B
ENB:
$17.09B
JNJ:
$31.62B
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Return for Risk
ENB vs. JNJ — Risk / Return Rank
ENB
JNJ
ENB vs. JNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and Johnson & Johnson (JNJ). 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 | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.61 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 5.28 | -2.25 |
| Martin ratioReturn relative to average drawdown | 7.64 | 15.52 | -7.88 |
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Drawdowns
ENB vs. JNJ - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, smaller than the maximum JNJ drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for ENB and JNJ.
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Drawdown Indicators
| ENB | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.35% | -50.67% | +4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -10.96% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -15.29% | -15.95% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -18.41% | -9.91% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | -27.37% | -16.70% |
Current DrawdownCurrent decline from peak | -2.65% | -2.54% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -11.90% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.72% | -0.08% |
Volatility
ENB vs. JNJ - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 5.99% compared to Johnson & Johnson (JNJ) at 5.47%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENB | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 5.47% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 12.16% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 16.94% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 16.87% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.33% | 18.48% | +5.85% |
Dividends
ENB vs. JNJ - Dividend Comparison
ENB's dividend yield for the trailing twelve months is around 4.91%, more than JNJ's 2.18% 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% |
JNJ Johnson & Johnson | 2.18% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
Financials
ENB vs. JNJ - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and Johnson & Johnson. 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. JNJ - 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%.
JNJ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.
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%.
JNJ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.
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%.
JNJ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.
Frequently Asked Questions
ENB and JNJ have a correlation of 0.32, 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 JNJ (5.47%). In terms of maximum drawdown, ENB dropped -46.35% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (3.42 vs 1.71), 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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