GWO.TO vs. ENB.TO
GWO.TO (Great-West Lifeco Inc.) and ENB.TO (Enbridge Inc.) are both stocks. GWO.TO operates in Insurance - Life (Financial Services), while ENB.TO operates in Oil & Gas Midstream (Energy). Over the past 10 years, GWO.TO returned 14.86%/yr vs 10.59%/yr for ENB.TO. At a 0.27 correlation, their price movements are largely independent.
Performance
GWO.TO vs. ENB.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GWO.TO achieves a 25.54% return, which is significantly higher than ENB.TO's 23.42% return. Over the past 10 years, GWO.TO has outperformed ENB.TO with an annualized return of 14.86%, while ENB.TO has yielded a comparatively lower 10.59% annualized return.
GWO.TO
- 1D
- 0.58%
- 1M
- 8.18%
- YTD
- 25.54%
- 6M
- 27.21%
- 1Y
- 69.48%
- 3Y*
- 35.82%
- 5Y*
- 23.88%
- 10Y*
- 14.86%
ENB.TO
- 1D
- 0.13%
- 1M
- 3.74%
- YTD
- 23.42%
- 6M
- 23.83%
- 1Y
- 31.58%
- 3Y*
- 24.19%
- 5Y*
- 17.63%
- 10Y*
- 10.59%
GWO.TO vs. ENB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWO.TO Great-West Lifeco Inc. | 25.54% | 48.38% | 14.28% | 47.70% | -12.58% | 31.45% | -2.64% | 24.53% | -15.76% | 4.08% |
ENB.TO Enbridge Inc. | 23.42% | 14.09% | 37.18% | -3.28% | 13.96% | 29.98% | -15.30% | 29.43% | -8.30% | -8.84% |
Correlation
The correlation between GWO.TO and ENB.TO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.27 |
The correlation between GWO.TO and ENB.TO shifts across timeframes, from -0.03 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GWO.TO:
CA$75.72B
ENB.TO:
CA$172.81B
GWO.TO:
CA$4.85
ENB.TO:
CA$3.46
GWO.TO:
17.20
ENB.TO:
22.84
GWO.TO:
1.91
ENB.TO:
1.05
GWO.TO:
2.21
ENB.TO:
2.22
GWO.TO:
2.80
ENB.TO:
2.13
GWO.TO:
CA$34.77B
ENB.TO:
CA$77.79B
GWO.TO:
CA$15.81B
ENB.TO:
CA$25.33B
GWO.TO:
CA$6.15B
ENB.TO:
CA$20.88B
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
GWO.TO vs. ENB.TO — Risk / Return Rank
GWO.TO
ENB.TO
GWO.TO vs. ENB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Lifeco Inc. (GWO.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.
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.
| GWO.TO | ENB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.34 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 5.76 | 3.30 | +2.46 |
| Martin ratioReturn relative to average drawdown | 21.70 | 8.61 | +13.09 |
Loading charts...
Drawdowns
GWO.TO vs. ENB.TO - Drawdown Comparison
The maximum GWO.TO drawdown since its inception was -67.52%, which is greater than ENB.TO's maximum drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for GWO.TO and ENB.TO.
Loading charts...
Drawdown Indicators
| GWO.TO | ENB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.52% | -39.47% | -28.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -9.42% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -11.56% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -27.64% | -21.38% | -6.26% |
Max Drawdown (10Y)Largest decline over 10 years | -44.96% | -39.47% | -5.49% |
Current DrawdownCurrent decline from peak | 0.00% | -1.51% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -8.34% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.66% | -0.39% |
Volatility
GWO.TO vs. ENB.TO - Volatility Comparison
The current volatility for Great-West Lifeco Inc. (GWO.TO) is 4.80%, while Enbridge Inc. (ENB.TO) has a volatility of 5.97%. This indicates that GWO.TO experiences smaller price fluctuations and is considered to be less risky than ENB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GWO.TO | ENB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 5.97% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 12.62% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 15.64% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 15.69% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 22.43% | -1.68% |
Dividends
GWO.TO vs. ENB.TO - Dividend Comparison
GWO.TO's dividend yield for the trailing twelve months is around 3.07%, less than ENB.TO's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB.TO Enbridge Inc. | 4.84% | 5.74% | 6.00% | 7.44% | 6.50% | 6.76% | 7.96% | 5.72% | 6.33% | 4.91% | 3.75% | 4.04% |
GWO.TO Great-West Lifeco Inc. | 3.07% | 3.60% | 4.66% | 4.74% | 6.26% | 4.75% | 5.77% | 4.97% | 5.52% | 4.18% | 3.94% | 3.78% |
Financials
GWO.TO vs. ENB.TO - Financials Comparison
This section allows you to compare key financial metrics between Great-West Lifeco 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
GWO.TO vs. ENB.TO - Profitability Comparison
GWO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported a gross profit of 3.62B and revenue of 7.73B. Therefore, the gross margin over that period was 46.9%.
ENB.TO - 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 8.60B and revenue of 31.19B. Therefore, the gross margin over that period was 27.6%.
GWO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported an operating income of 1.61B and revenue of 7.73B, resulting in an operating margin of 20.8%.
ENB.TO - 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 5.06B and revenue of 31.19B, resulting in an operating margin of 16.2%.
GWO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported a net income of 1.24B and revenue of 7.73B, resulting in a net margin of 16.1%.
ENB.TO - 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 2.44B and revenue of 31.19B, resulting in a net margin of 7.8%.
Frequently Asked Questions
GWO.TO and ENB.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GWO.TO and ENB.TO
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