ENB vs. NAD
ENB (Enbridge Inc.) and NAD (Nuveen Quality Municipal Income Fund) are both stocks. ENB operates in Oil & Gas Midstream (Energy), while NAD operates in Asset Management (Financial Services). Over the past 10 years, ENB returned 9.68%/yr vs 2.83%/yr for NAD. At a 0.12 correlation, their price movements are largely independent.
Performance
ENB vs. NAD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ENB achieves a 21.23% return, which is significantly higher than NAD's 2.38% return. Over the past 10 years, ENB has outperformed NAD with an annualized return of 9.68%, while NAD has yielded a comparatively lower 2.83% 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%
NAD
- 1D
- -0.42%
- 1M
- 1.28%
- YTD
- 2.38%
- 6M
- 2.47%
- 1Y
- 13.47%
- 3Y*
- 9.46%
- 5Y*
- 0.16%
- 10Y*
- 2.83%
ENB vs. NAD - 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% |
NAD Nuveen Quality Municipal Income Fund | 2.38% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
Correlation
The correlation between ENB and NAD is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 26, 1999 | 0.12 |
The correlation between ENB and NAD shifts across timeframes, from 0.07 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ENB:
$4.92
NAD:
$2.47
ENB:
11.48
NAD:
4.84
ENB:
0.53
NAD:
0.02
ENB:
1.34
NAD:
6.79
ENB:
$69.05B
NAD:
$410.48M
ENB:
$15.35B
NAD:
$385.55M
ENB:
$17.09B
NAD:
$744.52M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENB vs. NAD — Risk / Return Rank
ENB
NAD
ENB vs. NAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and Nuveen Quality Municipal Income Fund (NAD). 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 | NAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.68 | +1.35 |
| Martin ratioReturn relative to average drawdown | 7.64 | 6.58 | +1.07 |
Loading charts...
Drawdowns
ENB vs. NAD - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, roughly equal to the maximum NAD drawdown of -44.65%. Use the drawdown chart below to compare losses from any high point for ENB and NAD.
Loading charts...
Drawdown Indicators
| ENB | NAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.35% | -44.65% | -1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -8.08% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.29% | -14.69% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -35.58% | +7.26% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | -35.58% | -8.49% |
Current DrawdownCurrent decline from peak | -2.65% | -3.72% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -7.82% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.06% | +1.58% |
Volatility
ENB vs. NAD - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 5.99% compared to Nuveen Quality Municipal Income Fund (NAD) at 3.60%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than NAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENB | NAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 3.60% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 9.36% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 10.98% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 11.63% | +7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.33% | 11.93% | +12.40% |
Dividends
ENB vs. NAD - Dividend Comparison
ENB's dividend yield for the trailing twelve months is around 4.91%, less than NAD's 7.21% 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% |
NAD Nuveen Quality Municipal Income Fund | 7.21% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
Financials
ENB vs. NAD - Financials Comparison
This section allows you to compare key financial metrics between Enbridge Inc. and Nuveen Quality Municipal Income Fund. 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 NAD have a correlation of 0.07, 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 NAD (3.60%). In terms of maximum drawdown, ENB dropped -46.35% vs NAD's -44.65%.
ENB currently has the higher Sharpe Ratio (1.71 vs 1.23), 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.
Find the right allocation for ENB and NAD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer