ENB vs. USMV
ENB (Enbridge Inc.) is a stock, while USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Over the past 10 years, ENB returned 9.34%/yr vs 9.75%/yr for USMV. At a 0.43 correlation, their price movements are largely independent.
Performance
ENB vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, ENB achieves a 18.72% return, which is significantly higher than USMV's 1.55% return. Both investments have delivered pretty close results over the past 10 years, with ENB having a 9.34% annualized return and USMV not far ahead at 9.75%.
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%
USMV
- 1D
- -0.43%
- 1M
- 1.28%
- YTD
- 1.55%
- 6M
- 2.27%
- 1Y
- 3.18%
- 3Y*
- 11.35%
- 5Y*
- 7.21%
- 10Y*
- 9.75%
ENB vs. USMV - 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% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.55% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
Correlation
The correlation between ENB and USMV is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.43 |
The correlation between ENB and USMV shifts across timeframes, from 0.27 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENB vs. USMV — Risk / Return Rank
ENB
USMV
ENB vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and iShares MSCI USA Min Vol Factor ETF (USMV). 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 | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.07 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 0.49 | +2.33 |
| Martin ratioReturn relative to average drawdown | 7.09 | 1.64 | +5.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENB | USMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.37 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.59 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.67 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.86 | -0.34 |
Drawdowns
ENB vs. USMV - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for ENB and USMV.
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Drawdown Indicators
| ENB | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.35% | -33.10% | -13.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -6.46% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -9.36% | -6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -17.93% | -10.39% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | -33.10% | -10.97% |
Current DrawdownCurrent decline from peak | -4.67% | -2.24% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -2.88% | -7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 1.94% | +1.68% |
Volatility
ENB vs. USMV - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 6.10% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.65%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENB | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 2.65% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 6.02% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 8.57% | +7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 12.36% | +6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 14.51% | +9.83% |
Dividends
ENB vs. USMV - Dividend Comparison
ENB's dividend yield for the trailing twelve months is around 5.01%, more than USMV's 1.54% 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% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.54% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Frequently Asked Questions
ENB and USMV have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENB has higher volatility (6.10%) compared to USMV (2.65%). In terms of maximum drawdown, ENB dropped -46.35% vs USMV's -33.10%.
ENB currently has the higher Sharpe Ratio (1.58 vs 0.37), 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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