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FRU.TO vs. ENB.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

FRU.TO vs. ENB.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Freehold Royalties Ltd. (FRU.TO) and Enbridge Inc. (ENB.TO).

Performance

FRU.TO vs. ENB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Freehold Royalties Ltd. (FRU.TO) and Enbridge Inc. (ENB.TO). The values are adjusted to include any dividend payments, if applicable.

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FRU.TO vs. ENB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FRU.TO
Freehold Royalties Ltd.		15.56%28.81%0.98%-6.86%45.15%135.56%-23.25%-4.51%-37.74%3.37%
ENB.TO
Enbridge Inc.		16.35%14.10%37.18%-3.27%13.96%29.98%-15.30%29.43%-8.30%-8.84%

Fundamentals

Market Cap

FRU.TO:

CA$2.85B

ENB.TO:

CA$165.39B

EPS

FRU.TO:

CA$0.56

ENB.TO:

CA$3.42

PE Ratio

FRU.TO:

31.07

ENB.TO:

22.03

PEG Ratio

FRU.TO:

1.31

ENB.TO:

1.01

PS Ratio

FRU.TO:

9.10

ENB.TO:

2.53

PB Ratio

FRU.TO:

2.85

ENB.TO:

2.98

Total Revenue (TTM)

FRU.TO:

CA$313.46M

ENB.TO:

CA$65.16B

Gross Profit (TTM)

FRU.TO:

CA$193.18M

ENB.TO:

CA$22.86B

EBITDA (TTM)

FRU.TO:

CA$258.03M

ENB.TO:

CA$19.72B

Returns By Period

In the year-to-date period, FRU.TO achieves a 15.56% return, which is significantly lower than ENB.TO's 16.35% return. Over the past 10 years, FRU.TO has outperformed ENB.TO with an annualized return of 12.33%, while ENB.TO has yielded a comparatively lower 10.93% annualized return.

FRU.TO

1D
-0.23%
1M
-1.25%
YTD
15.56%
6M
29.74%
1Y
46.30%
3Y*
14.44%
5Y*
26.83%
10Y*
12.33%

ENB.TO

1D
-0.34%
1M
4.06%
YTD
16.35%
6M
10.38%
1Y
25.32%
3Y*
21.18%
5Y*
17.67%
10Y*
10.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Freehold Royalties Ltd.

Enbridge Inc.

Often compared with FRU.TO:
FRU.TO vs. CNQ.TOFRU.TO vs. ATD.TOFRU.TO vs. ALA.TOFRU.TO vs. BIR.TOFRU.TO vs. POW.TOFRU.TO vs. ARCCFRU.TO vs. FIE.TO
Often compared with ENB.TO:
ENB.TO vs. CNQ.TOENB.TO vs. PPL.TOENB.TO vs. WCP.TOENB.TO vs. SU.TOENB.TO vs. TD.TOENB.TO vs. TRP.TOENB.TO vs. BCE.TO

Return for Risk

FRU.TO vs. ENB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FRU.TO
FRU.TO Risk / Return Rank: 8888
Overall Rank
FRU.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FRU.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
FRU.TO Omega Ratio Rank: 8989
Omega Ratio Rank
FRU.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
FRU.TO Martin Ratio Rank: 9191
Martin Ratio Rank
ENB.TO
ENB.TO Risk / Return Rank: 8383
Overall Rank
ENB.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
ENB.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
ENB.TO Omega Ratio Rank: 8080
Omega Ratio Rank
ENB.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
ENB.TO Martin Ratio Rank: 8282
Martin Ratio Rank
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.

FRU.TO vs. ENB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freehold Royalties Ltd. (FRU.TO) and Enbridge Inc. (ENB.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.

FRU.TOENB.TODifference

Sharpe ratio

Return per unit of total volatility

1.91

1.60

+0.31

Sortino ratio

Return per unit of downside risk

2.32

2.17

+0.15

Omega ratio

Gain probability vs. loss probability

1.37

1.28

+0.09

Calmar ratio

Return relative to maximum drawdown

2.90

2.65

+0.24

Martin ratio

Return relative to average drawdown

11.65

6.54

+5.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRU.TO vs. ENB.TO - Sharpe Ratio Comparison

The current FRU.TO Sharpe Ratio is 1.91, which is comparable to the ENB.TO Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of FRU.TO and ENB.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FRU.TOENB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.91

1.60

+0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

1.15

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.49

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.61

-0.21

Correlation

The correlation between FRU.TO and ENB.TO is 0.24, 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.

Dividends

FRU.TO vs. ENB.TO - Dividend Comparison

FRU.TO's dividend yield for the trailing twelve months is around 5.70%, more than ENB.TO's 5.04% yield.

TTM20252024202320222021202020192018201720162015
FRU.TO
Freehold Royalties Ltd.		5.70%7.11%8.44%7.89%6.13%4.21%5.74%8.72%7.62%4.13%3.81%9.21%
ENB.TO
Enbridge Inc.		5.04%5.74%6.00%7.45%6.50%6.76%7.96%5.72%6.33%4.91%3.75%4.04%

Drawdowns

FRU.TO vs. ENB.TO - Drawdown Comparison

The maximum FRU.TO drawdown since its inception was -86.93%, which is greater than ENB.TO's maximum drawdown of -48.20%. Use the drawdown chart below to compare losses from any high point for FRU.TO and ENB.TO.

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Drawdown Indicators

FRU.TOENB.TODifference

Max Drawdown

Largest peak-to-trough decline

-86.93%

-48.20%

-38.73%

Max Drawdown (1Y)

Largest decline over 1 year

-15.89%

-9.59%

-6.30%

Max Drawdown (5Y)

Largest decline over 5 years

-28.41%

-21.38%

-7.03%

Max Drawdown (10Y)

Largest decline over 10 years

-81.39%

-39.47%

-41.92%

Current Drawdown

Current decline from peak

-3.34%

-0.55%

-2.79%

Average Drawdown

Average peak-to-trough decline

-22.80%

-10.28%

-12.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.95%

3.89%

+0.06%

Volatility

FRU.TO vs. ENB.TO - Volatility Comparison

Freehold Royalties Ltd. (FRU.TO) has a higher volatility of 6.68% compared to Enbridge Inc. (ENB.TO) at 3.70%. This indicates that FRU.TO's price experiences larger fluctuations and is considered to be riskier than ENB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FRU.TOENB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.68%

3.70%

+2.98%

Volatility (6M)

Calculated over the trailing 6-month period

14.16%

11.12%

+3.04%

Volatility (1Y)

Calculated over the trailing 1-year period

24.37%

15.87%

+8.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.60%

15.44%

+14.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.64%

22.42%

+13.22%

Financials

FRU.TO vs. ENB.TO - Financials Comparison

This section allows you to compare key financial metrics between Freehold Royalties Ltd. and Enbridge Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.005.00B10.00B15.00B20.00BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
69.76M
17.16B
(FRU.TO) Total Revenue
(ENB.TO) Total Revenue
Values in CAD except per share items

FRU.TO vs. ENB.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Freehold Royalties Ltd. and Enbridge Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
30.0%40.0%50.0%60.0%70.0%80.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
57.1%
33.1%
Portfolio components
FRU.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Freehold Royalties Ltd. reported a gross profit of 39.81M and revenue of 69.76M. Therefore, the gross margin over that period was 57.1%.

ENB.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Enbridge Inc. reported a gross profit of 5.67B and revenue of 17.16B. Therefore, the gross margin over that period was 33.1%.

FRU.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Freehold Royalties Ltd. reported an operating income of 30.80M and revenue of 69.76M, resulting in an operating margin of 44.2%.

ENB.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Enbridge Inc. reported an operating income of 2.97B and revenue of 17.16B, resulting in an operating margin of 17.3%.

FRU.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Freehold Royalties Ltd. reported a net income of 14.08M and revenue of 69.76M, resulting in a net margin of 20.2%.

ENB.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Enbridge Inc. reported a net income of 2.06B and revenue of 17.16B, resulting in a net margin of 12.0%.