IPX.L vs. ENB
IPX.L (Impax Asset Management Group plc) and ENB (Enbridge Inc.) are both stocks. IPX.L operates in Asset Management (Financial Services), while ENB operates in Oil & Gas Midstream (Energy). Over the past 10 years, IPX.L returned 12.14%/yr vs 10.43%/yr for ENB. At a 0.08 correlation, their price movements are largely independent.
Performance
IPX.L vs. ENB - Performance Comparison
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Different Trading Currencies
IPX.L is traded in GBp, while ENB is traded in USD. To make them comparable, the ENB values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IPX.L achieves a -29.71% return, which is significantly lower than ENB's 22.24% return. Over the past 10 years, IPX.L has outperformed ENB with an annualized return of 12.14%, while ENB has yielded a comparatively lower 10.43% annualized return.
IPX.L
- 1D
- 2.94%
- 1M
- 3.58%
- YTD
- -29.71%
- 6M
- -27.81%
- 1Y
- -43.43%
- 3Y*
- -40.97%
- 5Y*
- -33.99%
- 10Y*
- 12.14%
ENB
- 1D
- 1.67%
- 1M
- 5.61%
- YTD
- 22.24%
- 6M
- 20.13%
- 1Y
- 29.63%
- 3Y*
- 19.52%
- 5Y*
- 16.12%
- 10Y*
- 10.43%
IPX.L vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPX.L Impax Asset Management Group plc | -29.71% | -29.43% | -52.49% | -21.30% | -49.68% | 113.29% | 82.14% | 91.88% | 23.13% | 171.77% |
ENB Enbridge Inc. | 22.24% | 10.99% | 28.56% | -6.07% | 19.11% | 32.07% | -16.14% | 30.87% | -10.52% | -11.14% |
Correlation
The correlation between IPX.L and ENB is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007 | 0.08 |
The correlation between IPX.L and ENB shifts across timeframes, from -0.07 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IPX.L:
£0.35
ENB:
$4.92
IPX.L:
2.89
ENB:
11.53
IPX.L:
0.44
ENB:
1.35
IPX.L:
£287.01M
ENB:
$69.05B
IPX.L:
£225.50M
ENB:
$15.35B
IPX.L:
£72.26M
ENB:
$17.09B
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Return for Risk
IPX.L vs. ENB — Risk / Return Rank
IPX.L
ENB
IPX.L vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impax Asset Management Group plc (IPX.L) 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.
| IPX.L | ENB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.30 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.06 | -3.88 |
| Martin ratioReturn relative to average drawdown | -1.61 | 8.14 | -9.75 |
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
| IPX.L | ENB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 1.79 | -2.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.71 | 0.93 | -1.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.44 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.59 | -0.47 |
Drawdowns
IPX.L vs. ENB - Drawdown Comparison
The maximum IPX.L drawdown since its inception was -93.18%, which is greater than ENB's maximum drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for IPX.L and ENB.
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Drawdown Indicators
| IPX.L | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.18% | -43.35% | -49.83% |
Max Drawdown (1Y)Largest decline over 1 year | -52.68% | -9.73% | -42.95% |
Max Drawdown (3Y)Largest decline over 3 years | -81.50% | -13.60% | -67.90% |
Max Drawdown (5Y)Largest decline over 5 years | -91.40% | -26.34% | -65.06% |
Max Drawdown (10Y)Largest decline over 10 years | -91.40% | -38.09% | -53.31% |
Current DrawdownCurrent decline from peak | -90.73% | -2.14% | -88.59% |
Average DrawdownAverage peak-to-trough decline | -40.62% | -9.73% | -30.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.93% | 3.65% | +23.28% |
Volatility
IPX.L vs. ENB - Volatility Comparison
Impax Asset Management Group plc (IPX.L) has a higher volatility of 10.59% compared to Enbridge Inc. (ENB) at 6.35%. This indicates that IPX.L'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
| IPX.L | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 6.35% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 37.91% | 13.40% | +24.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.18% | 16.70% | +26.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.91% | 17.39% | +30.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.37% | 23.92% | +23.45% |
Dividends
IPX.L vs. ENB - Dividend Comparison
IPX.L's dividend yield for the trailing twelve months is around 11.83%, more than ENB's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 4.89% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
IPX.L Impax Asset Management Group plc | 11.83% | 17.70% | 11.17% | 5.02% | 3.00% | 0.71% | 0.83% | 1.16% | 2.86% | 1.33% | 3.36% | 3.60% |
Financials
IPX.L vs. ENB - Financials Comparison
This section allows you to compare key financial metrics between Impax Asset Management Group plc 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
IPX.L vs. ENB - Profitability Comparison
IPX.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Impax Asset Management Group plc reported a gross profit of 54.42M and revenue of 59.67M. Therefore, the gross margin over that period was 91.2%.
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%.
IPX.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Impax Asset Management Group plc reported an operating income of 8.12M and revenue of 59.67M, resulting in an operating margin of 13.6%.
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%.
IPX.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Impax Asset Management Group plc reported a net income of 5.42M and revenue of 59.67M, resulting in a net margin of 9.1%.
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
IPX.L and ENB have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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