ENB vs. ^GSPC
Compare and contrast key facts about Enbridge Inc. (ENB) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENB or ^GSPC.
Correlation
The correlation between ENB and ^GSPC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ENB vs. ^GSPC - Performance Comparison
Key characteristics
ENB:
1.54
^GSPC:
1.90
ENB:
2.24
^GSPC:
2.54
ENB:
1.26
^GSPC:
1.35
ENB:
1.03
^GSPC:
2.81
ENB:
6.94
^GSPC:
12.39
ENB:
3.22%
^GSPC:
1.93%
ENB:
14.48%
^GSPC:
12.58%
ENB:
-46.35%
^GSPC:
-56.78%
ENB:
-7.79%
^GSPC:
-3.58%
Returns By Period
In the year-to-date period, ENB achieves a 20.61% return, which is significantly lower than ^GSPC's 23.11% return. Over the past 10 years, ENB has underperformed ^GSPC with an annualized return of 3.88%, while ^GSPC has yielded a comparatively higher 11.01% annualized return.
ENB
20.61%
-4.84%
20.19%
20.94%
7.70%
3.88%
^GSPC
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
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Risk-Adjusted Performance
ENB vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Enbridge Inc. (ENB) and S&P 500 (^GSPC). 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.
Drawdowns
ENB vs. ^GSPC - Drawdown Comparison
The maximum ENB drawdown since its inception was -46.35%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ENB and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ENB vs. ^GSPC - Volatility Comparison
Enbridge Inc. (ENB) has a higher volatility of 4.45% compared to S&P 500 (^GSPC) at 3.64%. This indicates that ENB's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.