ETN vs. SOBO.TO
ETN (Eaton Corporation plc) and SOBO.TO (South Bow Corp) are both stocks. ETN operates in Specialty Industrial Machinery (Industrials), while SOBO.TO operates in Oil & Gas Midstream (Energy). Over the past year, ETN returned 19.85% vs 50.32% for SOBO.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
ETN vs. SOBO.TO - Performance Comparison
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Different Trading Currencies
ETN is traded in USD, while SOBO.TO is traded in CAD. To make them comparable, the SOBO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETN achieves a 23.61% return, which is significantly lower than SOBO.TO's 40.32% return.
ETN
- 1D
- -0.57%
- 1M
- -3.82%
- YTD
- 23.61%
- 6M
- 18.59%
- 1Y
- 19.85%
- 3Y*
- 28.04%
- 5Y*
- 23.65%
- 10Y*
- 23.38%
SOBO.TO
- 1D
- 0.96%
- 1M
- 5.83%
- YTD
- 40.32%
- 6M
- 44.41%
- 1Y
- 50.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETN vs. SOBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETN Eaton Corporation plc | 23.61% | -2.79% | 1.65% |
SOBO.TO South Bow Corp | 40.32% | 25.61% | 15.72% |
Correlation
The correlation between ETN and SOBO.TO is 0.00, 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 | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.05 |
Fundamentals
ETN:
$152.33B
SOBO.TO:
CA$11.12B
ETN:
$10.22
SOBO.TO:
$2.03
ETN:
38.28
SOBO.TO:
18.81
ETN:
2.08
SOBO.TO:
3.47
ETN:
5.36
SOBO.TO:
4.37
ETN:
7.71
SOBO.TO:
2.99
ETN:
$28.52B
SOBO.TO:
$1.82B
ETN:
$7.87B
SOBO.TO:
$893.03M
ETN:
$4.75B
SOBO.TO:
$851.07M
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Return for Risk
ETN vs. SOBO.TO — Risk / Return Rank
ETN
SOBO.TO
ETN vs. SOBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Corporation plc (ETN) and South Bow Corp (SOBO.TO). 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.
| ETN | SOBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 3.99 | -2.94 |
| Martin ratioReturn relative to average drawdown | 2.25 | 11.40 | -9.16 |
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Drawdowns
ETN vs. SOBO.TO - Drawdown Comparison
The maximum ETN drawdown since its inception was -68.95%, which is greater than SOBO.TO's maximum drawdown of -27.09%. Use the drawdown chart below to compare losses from any high point for ETN and SOBO.TO.
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Drawdown Indicators
| ETN | SOBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.95% | -27.09% | -41.86% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -12.68% | -6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.55% | — | — |
Current DrawdownCurrent decline from peak | -9.36% | -0.37% | -8.99% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -4.27% | -10.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.86% | 4.44% | +4.42% |
Volatility
ETN vs. SOBO.TO - Volatility Comparison
Eaton Corporation plc (ETN) has a higher volatility of 13.57% compared to South Bow Corp (SOBO.TO) at 7.09%. This indicates that ETN's price experiences larger fluctuations and is considered to be riskier than SOBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETN | SOBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 7.09% | +6.48% |
Volatility (6M)Calculated over the trailing 6-month period | 26.78% | 14.83% | +11.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.48% | 20.21% | +13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.24% | 44.59% | -14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 44.59% | -14.49% |
Dividends
ETN vs. SOBO.TO - Dividend Comparison
ETN's dividend yield for the trailing twelve months is around 1.09%, less than SOBO.TO's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 1.09% | 1.31% | 1.13% | 1.43% | 2.06% | 1.76% | 1.88% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% |
SOBO.TO South Bow Corp | 5.18% | 7.37% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ETN vs. SOBO.TO - Financials Comparison
This section allows you to compare key financial metrics between Eaton Corporation plc and South Bow Corp. 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
ETN vs. SOBO.TO - Profitability Comparison
ETN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a gross profit of 0.00 and revenue of 7.45B. Therefore, the gross margin over that period was 0.0%.
SOBO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a gross profit of 91.48M and revenue of 416.07M. Therefore, the gross margin over that period was 22.0%.
ETN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported an operating income of 0.00 and revenue of 7.45B, resulting in an operating margin of 0.0%.
SOBO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported an operating income of 91.48M and revenue of 416.07M, resulting in an operating margin of 22.0%.
ETN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a net income of 866.00M and revenue of 7.45B, resulting in a net margin of 11.6%.
SOBO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, South Bow Corp reported a net income of 75.74M and revenue of 416.07M, resulting in a net margin of 18.2%.
Frequently Asked Questions
ETN and SOBO.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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