GFL vs. ENB
GFL (GFL Environmental Inc.) and ENB (Enbridge Inc.) are both stocks. GFL operates in Waste Management (Industrials), while ENB operates in Oil & Gas Midstream (Energy). Over the past 5 years, GFL returned 1.78%/yr vs 13.89%/yr for ENB. At a 0.29 correlation, their price movements are largely independent.
Performance
GFL vs. ENB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GFL achieves a -18.68% return, which is significantly lower than ENB's 18.72% return.
GFL
- 1D
- -1.72%
- 1M
- -5.01%
- YTD
- -18.68%
- 6M
- -21.93%
- 1Y
- -29.67%
- 3Y*
- -2.02%
- 5Y*
- 1.78%
- 10Y*
- —
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%
GFL vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | -18.68% | -3.44% | 29.26% | 18.24% | -22.65% | 29.88% | 67.01% |
ENB Enbridge Inc. | 18.72% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -11.32% |
Correlation
The correlation between GFL and ENB 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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.29 |
Fundamentals
GFL:
$0.57
ENB:
$4.92
GFL:
61.76
ENB:
11.24
GFL:
1.92
ENB:
1.32
GFL:
$6.70B
ENB:
$69.05B
GFL:
$1.38B
ENB:
$15.35B
GFL:
$2.14B
ENB:
$17.09B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GFL vs. ENB — Risk / Return Rank
GFL
ENB
GFL vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GFL Environmental Inc. (GFL) and Enbridge Inc. (ENB). 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.
| GFL | ENB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.96 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.27 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.82 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.94 | 7.09 | -9.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GFL | ENB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | 1.58 | -2.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.75 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.53 | -0.14 |
Drawdowns
GFL vs. ENB - Drawdown Comparison
The maximum GFL drawdown since its inception was -42.76%, smaller than the maximum ENB drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for GFL and ENB.
Loading charts...
Drawdown Indicators
| GFL | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -46.35% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -34.20% | -9.10% | -25.10% |
Max Drawdown (3Y)Largest decline over 3 years | -34.88% | -15.78% | -19.10% |
Max Drawdown (5Y)Largest decline over 5 years | -42.76% | -28.32% | -14.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.07% | — |
Current DrawdownCurrent decline from peak | -32.24% | -4.67% | -27.57% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -10.83% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.34% | 3.62% | +11.72% |
Volatility
GFL vs. ENB - Volatility Comparison
GFL Environmental Inc. (GFL) has a higher volatility of 7.69% compared to Enbridge Inc. (ENB) at 6.10%. This indicates that GFL's price experiences larger fluctuations and is considered to be riskier than ENB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GFL | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 6.10% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 21.41% | 13.00% | +8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 16.24% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.80% | 18.64% | +11.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.96% | 24.34% | +8.62% |
Dividends
GFL vs. ENB - Dividend Comparison
GFL's dividend yield for the trailing twelve months is around 0.18%, less than ENB's 5.01% 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% |
GFL GFL Environmental Inc. | 0.18% | 0.14% | 0.12% | 0.15% | 0.16% | 0.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GFL vs. ENB - Financials Comparison
This section allows you to compare key financial metrics between GFL Environmental Inc. 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.
Total Revenue: Total amount of money received from sales and other business activities
GFL vs. ENB - Profitability Comparison
GFL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported a gross profit of 300.57M and revenue of 1.65B. Therefore, the gross margin over that period was 18.2%.
ENB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported a gross profit of 0.00 and revenue of 22.36B. Therefore, the gross margin over that period was 0.0%.
GFL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported an operating income of 34.09M and revenue of 1.65B, resulting in an operating margin of 2.1%.
ENB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported an operating income of 3.23B and revenue of 22.36B, resulting in an operating margin of 14.4%.
GFL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported a net income of -216.26M and revenue of 1.65B, resulting in a net margin of -13.1%.
ENB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enbridge Inc. reported a net income of 2.95B and revenue of 22.36B, resulting in a net margin of 13.2%.
Frequently Asked Questions
GFL and ENB 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.
GFL has higher volatility (7.69%) compared to ENB (6.10%). In terms of maximum drawdown, GFL dropped -42.76% vs ENB's -46.35%.
ENB currently has the higher Sharpe Ratio (1.58 vs -1.17), 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.
Find the right allocation for GFL and ENB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer