ENB vs. T

Last updated Jun 9, 2026

ENB (Enbridge Inc.) and T (AT&T Inc.) are both stocks. ENB operates in Oil & Gas Midstream (Energy), while T operates in Telecom Services (Communication Services). Over the past 10 years, ENB returned 9.34%/yr vs 2.86%/yr for T. At a 0.20 correlation, their price movements are largely independent.

Performance

ENB vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enbridge Inc. (ENB) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENB achieves a 18.72% return, which is significantly higher than T's -7.40% return. Over the past 10 years, ENB has outperformed T with an annualized return of 9.34%, while T has yielded a comparatively lower 2.86% annualized return.

ENB

• 1D: -1.74%
• 1M: 4.56%
• YTD: 18.72%
• 6M: 17.84%
• 1Y: 25.57%
• 3Y*: 20.90%
• 5Y*: 13.89%
• 10Y*: 9.34%

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENB vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENB Enbridge Inc.	18.72%	19.51%	26.35%	-1.13%	6.46%	30.83%	-13.60%	36.05%	-15.53%	-2.73%
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between ENB and T is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 28, 1990	0.20

The correlation between ENB and T shifts across timeframes, from 0.20 (all time) to 0.37 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS ENB : $4.92 T : $3.04
PE Ratio ENB : 11.24 T : 7.39
PEG Ratio ENB : 0.51 T : 0.31
PS Ratio ENB : 1.32 T : 1.29
Total Revenue (TTM) ENB : $69.05B T : $125.65B
Gross Profit (TTM) ENB : $15.35B T : $105.41B
EBITDA (TTM) ENB : $17.09B T : $54.70B

Return for Risk

ENB vs. T — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENB

ENB Risk / Return Rank: 81
ENB Sharpe Ratio Rank: 84
ENB Sortino Ratio Rank: 81
ENB Omega Ratio Rank: 78
ENB Calmar Ratio Rank: 82
ENB Martin Ratio Rank: 82

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENB vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and AT&T Inc. (T). 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.

	ENB	T	Difference
Sharpe ratio: Return per unit of total volatility	1.58	-0.75	+2.33
Sortino ratio: Return per unit of downside risk	2.28	-0.98	+3.26
Omega ratio: Gain probability vs. loss probability	1.27	0.89	+0.39
Calmar ratio: Return relative to maximum drawdown	2.82	-0.75	+3.57
Martin ratio: Return relative to average drawdown	7.09	-1.59	+8.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENB vs. T - Sharpe Ratio Comparison

The current ENB Sharpe Ratio is 1.58, which is higher than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of ENB and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENB	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	-0.75	+2.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.28	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.12	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.38	+0.15

Drawdowns

ENB vs. T - Drawdown Comparison

The maximum ENB drawdown since its inception was -46.35%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for ENB and T.

Drawdown Indicators

	ENB	T	Difference
Max Drawdown Largest peak-to-trough decline	-46.35%	-64.15%	+17.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-21.87%	+12.77%
Max Drawdown (3Y) Largest decline over 3 years	-15.78%	-21.87%	+6.09%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-32.01%	+3.69%
Max Drawdown (10Y) Largest decline over 10 years	-44.07%	-42.35%	-1.72%
Current Drawdown Current decline from peak	-4.67%	-21.87%	+17.20%
Average Drawdown Average peak-to-trough decline	-10.83%	-15.72%	+4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	10.34%	-6.72%

Volatility

ENB vs. T - Volatility Comparison

The current volatility for Enbridge Inc. (ENB) is 6.10%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that ENB experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENB	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	7.50%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	17.57%	-4.57%
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	21.98%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.64%	23.97%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.34%	23.71%	+0.63%

Dividends

ENB vs. T - Dividend Comparison

ENB's dividend yield for the trailing twelve months is around 5.01%, more than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENB Enbridge Inc.	5.01%	5.66%	6.28%	7.31%	6.80%	6.85%	7.55%	5.58%	6.68%	4.71%	4.13%	4.71%
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Financials

Frequently Asked Questions

Can I hold both ENB and T in my portfolio?

ENB and T have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENB or T?

T has higher volatility (7.50%) compared to ENB (6.10%). In terms of maximum drawdown, ENB dropped -46.35% vs T's -64.15%.

Which has better risk-adjusted returns?

ENB currently has the higher Sharpe Ratio (1.58 vs -0.75), 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.