IBAT vs. ENB
IBAT (iShares Energy Storage & Materials ETF) is Alternative Energy Equities fund tracking the STOXX Global Energy Storage and Materials, while ENB (Enbridge Inc.) is a stock. Over the past year, IBAT returned 124.45% vs 25.18% for ENB. At a 0.15 correlation, their price movements are largely independent.
Performance
IBAT vs. ENB - Performance Comparison
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Returns By Period
In the year-to-date period, IBAT achieves a 64.52% return, which is significantly higher than ENB's 19.75% return.
IBAT
- 1D
- -1.22%
- 1M
- 10.03%
- YTD
- 64.52%
- 6M
- 57.93%
- 1Y
- 124.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENB
- 1D
- -0.91%
- 1M
- 3.29%
- YTD
- 19.75%
- 6M
- 19.95%
- 1Y
- 25.18%
- 3Y*
- 21.79%
- 5Y*
- 14.50%
- 10Y*
- 9.66%
IBAT vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBAT iShares Energy Storage & Materials ETF | 64.52% | 32.09% | -13.19% |
ENB Enbridge Inc. | 19.75% | 19.51% | 24.64% |
Correlation
The correlation between IBAT and ENB is 0.00, 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 | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024 | 0.15 |
The correlation between IBAT and ENB shifts across timeframes, from 0.00 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBAT vs. ENB — Risk / Return Rank
IBAT
ENB
IBAT vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Energy Storage & Materials ETF (IBAT) 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.
| IBAT | ENB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.27 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 10.21 | 2.78 | +7.44 |
| Martin ratioReturn relative to average drawdown | 26.91 | 6.97 | +19.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBAT | ENB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.75 | 1.57 | +3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.41 | 0.53 | +0.89 |
Drawdowns
IBAT vs. ENB - Drawdown Comparison
The maximum IBAT drawdown since its inception was -28.26%, smaller than the maximum ENB drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for IBAT and ENB.
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Drawdown Indicators
| IBAT | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.26% | -46.35% | +18.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -9.10% | -3.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.07% | — |
Current DrawdownCurrent decline from peak | -1.25% | -3.84% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -10.83% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 3.69% | +0.95% |
Volatility
IBAT vs. ENB - Volatility Comparison
iShares Energy Storage & Materials ETF (IBAT) has a higher volatility of 10.25% compared to Enbridge Inc. (ENB) at 5.73%. This indicates that IBAT'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.
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Volatility by Period
| IBAT | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.25% | 5.73% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 12.90% | +7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.35% | 16.06% | +10.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.83% | 18.62% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 24.34% | -0.51% |
Dividends
IBAT vs. ENB - Dividend Comparison
IBAT's dividend yield for the trailing twelve months is around 0.70%, less than ENB's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 4.97% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
IBAT iShares Energy Storage & Materials ETF | 0.70% | 1.15% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBAT and ENB have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBAT has higher volatility (10.25%) compared to ENB (5.73%). In terms of maximum drawdown, IBAT dropped -28.26% vs ENB's -46.35%.
IBAT currently has the higher Sharpe Ratio (4.75 vs 1.57), 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.
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