HES vs. ENB-PP.TO
HES (Hess Corporation) and ENB-PP.TO (Enbridge Inc.) are both stocks. Both are in the Energy sector — HES in Oil & Gas E&P, ENB-PP.TO in Oil & Gas Midstream. At a 0.17 correlation, their price movements are largely independent.
Performance
HES vs. ENB-PP.TO - Performance Comparison
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Different Trading Currencies
HES is traded in USD, while ENB-PP.TO is traded in CAD. To make them comparable, the ENB-PP.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
HES
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENB-PP.TO
- 1D
- 0.07%
- 1M
- -2.81%
- YTD
- 7.63%
- 6M
- 10.07%
- 1Y
- 21.87%
- 3Y*
- 20.61%
- 5Y*
- 8.04%
- 10Y*
- 10.54%
HES vs. ENB-PP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HES Hess Corporation | 0.00% | 12.77% | -6.49% | 2.90% | 94.02% | 42.08% | -19.14% | 67.71% | -13.14% | -22.06% |
ENB-PP.TO Enbridge Inc. | 7.63% | 24.97% | 20.28% | 17.54% | -22.53% | 44.86% | -1.66% | 11.22% | -22.43% | 28.12% |
Correlation
The correlation between HES and ENB-PP.TO is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2012 | 0.17 |
The correlation between HES and ENB-PP.TO shifts across timeframes, from 0.06 (3 years) to 0.19 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
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Return for Risk
HES vs. ENB-PP.TO — Risk / Return Rank
HES
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ENB-PP.TO
HES vs. ENB-PP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hess Corporation (HES) and Enbridge Inc. (ENB-PP.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.
| HES | ENB-PP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.82 | — |
| Martin ratioReturn relative to average drawdown | — | 14.65 | — |
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Drawdowns
HES vs. ENB-PP.TO - Drawdown Comparison
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Drawdown Indicators
| HES | ENB-PP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -64.12% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.82% | — |
Current DrawdownCurrent decline from peak | — | -2.81% | — |
Average DrawdownAverage peak-to-trough decline | — | -21.31% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.54% | — |
Volatility
HES vs. ENB-PP.TO - Volatility Comparison
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Volatility by Period
| HES | ENB-PP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 8.81% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 14.48% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 19.01% | — |
Dividends
HES vs. ENB-PP.TO - Dividend Comparison
HES has not paid dividends to shareholders, while ENB-PP.TO's dividend yield for the trailing twelve months is around 6.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB-PP.TO Enbridge Inc. | 6.15% | 6.55% | 6.81% | 6.54% | 5.26% | 4.14% | 7.62% | 6.60% | 6.15% | 4.92% | 5.59% | 5.93% |
HES Hess Corporation | 0.34% | 0.67% | 1.41% | 1.21% | 1.06% | 1.35% | 1.89% | 1.50% | 2.47% | 2.11% | 1.61% | 2.06% |
Financials
HES vs. ENB-PP.TO - Financials Comparison
This section allows you to compare key financial metrics between Hess Corporation 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
Frequently Asked Questions
HES and ENB-PP.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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