NXG vs. ENB-PD.TO

Last updated Apr 2, 2026

Compare and contrast key facts about NXG NextGen Infrastructure Income Fund (NXG) and Enbridge Inc. (ENB-PD.TO).

NXG is an actively managed fund by NXG. It was launched on Sep 28, 2012.

Performance

NXG vs. ENB-PD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NXG NextGen Infrastructure Income Fund (NXG) and Enbridge Inc. (ENB-PD.TO). The values are adjusted to include any dividend payments, if applicable.

NXG vs. ENB-PD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXG NXG NextGen Infrastructure Income Fund	11.11%	28.75%	51.16%	4.54%	-5.68%
ENB-PD.TO Enbridge Inc.	-0.02%	27.68%	14.94%	5.47%	-2.50%

Different Trading Currencies

NXG is traded in USD, while ENB-PD.TO is traded in CAD. To make them comparable, the ENB-PD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NXG achieves a 11.11% return, which is significantly higher than ENB-PD.TO's -0.02% return.

NXG

• 1D: -0.92%
• 1M: -0.04%
• YTD: 11.11%
• 6M: 18.12%
• 1Y: 35.48%
• 3Y*: 32.28%
• 5Y*: —
• 10Y*: —

ENB-PD.TO

• 1D: 0.43%
• 1M: -2.03%
• YTD: -0.02%
• 6M: 9.04%
• 1Y: 23.11%
• 3Y*: 13.65%
• 5Y*: 10.77%
• 10Y*: 10.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NXG vs. ENB-PD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXG

NXG Risk / Return Rank: 70
NXG Sharpe Ratio Rank: 75
NXG Sortino Ratio Rank: 69
NXG Omega Ratio Rank: 75
NXG Calmar Ratio Rank: 69
NXG Martin Ratio Rank: 60

ENB-PD.TO

ENB-PD.TO Risk / Return Rank: 84
ENB-PD.TO Sharpe Ratio Rank: 88
ENB-PD.TO Sortino Ratio Rank: 82
ENB-PD.TO Omega Ratio Rank: 92
ENB-PD.TO Calmar Ratio Rank: 72
ENB-PD.TO Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXG vs. ENB-PD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NXG NextGen Infrastructure Income Fund (NXG) and Enbridge Inc. (ENB-PD.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.

	NXG	ENB-PD.TO	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.90	-0.51
Sortino ratio Return per unit of downside risk	1.77	2.38	-0.61
Omega ratio Gain probability vs. loss probability	1.30	1.41	-0.11
Calmar ratio Return relative to maximum drawdown	1.66	2.23	-0.57
Martin ratio Return relative to average drawdown	5.98	9.29	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXG vs. ENB-PD.TO - Sharpe Ratio Comparison

The current NXG Sharpe Ratio is 1.39, which is comparable to the ENB-PD.TO Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of NXG and ENB-PD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NXG	ENB-PD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.90	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.16	+0.77

Correlation

The correlation between NXG and ENB-PD.TO is 0.23, 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.

Dividends

NXG vs. ENB-PD.TO - Dividend Comparison

NXG's dividend yield for the trailing twelve months is around 11.82%, more than ENB-PD.TO's 6.21% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NXG NXG NextGen Infrastructure Income Fund	11.82%	12.67%	14.15%	12.00%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ENB-PD.TO Enbridge Inc.	6.21%	6.19%	7.05%	7.79%	6.42%	5.60%	8.15%	7.03%	6.50%	5.07%	5.83%	6.19%

Drawdowns

NXG vs. ENB-PD.TO - Drawdown Comparison

The maximum NXG drawdown since its inception was -26.14%, smaller than the maximum ENB-PD.TO drawdown of -64.14%. Use the drawdown chart below to compare losses from any high point for NXG and ENB-PD.TO.

Drawdown Indicators

	NXG	ENB-PD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-49.63%	+23.49%
Max Drawdown (1Y) Largest decline over 1 year	-20.94%	-11.57%	-9.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.63%	—
Current Drawdown Current decline from peak	-3.72%	-1.27%	-2.45%
Average Drawdown Average peak-to-trough decline	-6.77%	-10.48%	+3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	2.65%	+3.16%

Volatility

NXG vs. ENB-PD.TO - Volatility Comparison

NXG NextGen Infrastructure Income Fund (NXG) has a higher volatility of 7.41% compared to Enbridge Inc. (ENB-PD.TO) at 2.30%. This indicates that NXG's price experiences larger fluctuations and is considered to be riskier than ENB-PD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXG	ENB-PD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	2.30%	+5.11%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	6.64%	+5.37%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	12.23%	+13.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.90%	15.19%	+11.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.90%	20.03%	+6.87%