GRN.TO vs. ENB
Compare and contrast key facts about Greenlane Renewables Inc. (GRN.TO) and Enbridge Inc. (ENB).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRN.TO or ENB.
Key characteristics
| GRN.TO | ENB | |
|---|---|---|
| YTD Return | -34.62% | 1.85% |
| 1Y Return | -77.63% | -2.58% |
| 3Y Return (Ann) | -63.83% | 4.55% |
| 5Y Return (Ann) | -20.52% | 6.51% |
| Sharpe Ratio | -1.17 | -0.08 |
| Daily Std Dev | 67.10% | 18.36% |
| Max Drawdown | -97.03% | -46.35% |
| Current Drawdown | -97.03% | -14.55% |
Fundamentals
| GRN.TO | ENB | |
|---|---|---|
| Market Cap | CA$13.09M | $76.19B |
| EPS | -CA$0.19 | $2.07 |
| Revenue (TTM) | CA$57.82M | $43.65B |
| Gross Profit (TTM) | CA$16.81M | $20.72B |
| EBITDA (TTM) | -CA$11.15M | $13.82B |
Correlation
The correlation between GRN.TO and ENB is 0.31, 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
GRN.TO vs. ENB - Performance Comparison
In the year-to-date period, GRN.TO achieves a -34.62% return, which is significantly lower than ENB's 1.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GRN.TO vs. ENB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Greenlane Renewables Inc. (GRN.TO) 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.
Dividends
GRN.TO vs. ENB - Dividend Comparison
GRN.TO has not paid dividends to shareholders, while ENB's dividend yield for the trailing twelve months is around 7.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRN.TO Greenlane Renewables Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ENB Enbridge Inc. | 7.35% | 7.29% | 6.78% | 6.86% | 7.54% | 5.57% | 6.69% | 4.73% | 3.78% | 4.41% | 2.47% | 2.82% |
Drawdowns
GRN.TO vs. ENB - Drawdown Comparison
The maximum GRN.TO drawdown since its inception was -97.03%, which is greater than ENB's maximum drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for GRN.TO and ENB. For additional features, visit the drawdowns tool.
Volatility
GRN.TO vs. ENB - Volatility Comparison
Greenlane Renewables Inc. (GRN.TO) has a higher volatility of 17.72% compared to Enbridge Inc. (ENB) at 5.97%. This indicates that GRN.TO'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.
Financials
GRN.TO vs. ENB - Financials Comparison
This section allows you to compare key financial metrics between Greenlane Renewables 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