Correlation
The correlation between OVV and ENB is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
OVV vs. ENB
Compare and contrast key facts about Ovintiv Inc. (OVV) and Enbridge Inc. (ENB).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVV or ENB.
Performance
OVV vs. ENB - Performance Comparison
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Key characteristics
OVV:
-0.60
ENB:
2.34
OVV:
-0.54
ENB:
2.90
OVV:
0.93
ENB:
1.39
OVV:
-0.31
ENB:
2.30
OVV:
-1.29
ENB:
12.93
OVV:
19.37%
ENB:
2.86%
OVV:
45.06%
ENB:
16.52%
OVV:
-98.88%
ENB:
-46.35%
OVV:
-78.75%
ENB:
0.00%
Fundamentals
OVV:
$9.49B
ENB:
$101.33B
OVV:
$2.36
ENB:
$1.98
OVV:
15.48
ENB:
23.47
OVV:
1.06
ENB:
1.66
OVV:
0.94
ENB:
2.25
OVV:
$9.10B
ENB:
$60.94B
OVV:
$4.42B
ENB:
$21.97B
OVV:
$3.32B
ENB:
$18.75B
Returns By Period
In the year-to-date period, OVV achieves a -10.86% return, which is significantly lower than ENB's 12.87% return. Over the past 10 years, OVV has underperformed ENB with an annualized return of -3.39%, while ENB has yielded a comparatively higher 5.67% annualized return.
OVV
-10.86%
6.67%
-19.94%
-26.70%
-11.59%
39.48%
-3.39%
ENB
12.87%
1.07%
10.40%
38.31%
7.21%
15.01%
5.67%
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Risk-Adjusted Performance
OVV vs. ENB — Risk-Adjusted Performance Rank
OVV
ENB
OVV vs. ENB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ovintiv Inc. (OVV) 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.
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Dividends
OVV vs. ENB - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 3.35%, less than ENB's 5.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVV Ovintiv Inc. | 3.35% | 2.96% | 2.62% | 1.87% | 1.39% | 2.61% | 1.60% | 1.04% | 0.45% | 0.51% | 5.50% | 2.02% |
ENB Enbridge Inc. | 5.75% | 6.28% | 7.29% | 6.79% | 6.86% | 7.56% | 5.57% | 6.69% | 4.73% | 3.78% | 4.41% | 2.47% |
Drawdowns
OVV vs. ENB - Drawdown Comparison
The maximum OVV drawdown since its inception was -98.88%, which is greater than ENB's maximum drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for OVV and ENB.
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Volatility
OVV vs. ENB - Volatility Comparison
Ovintiv Inc. (OVV) has a higher volatility of 11.26% compared to Enbridge Inc. (ENB) at 4.80%. This indicates that OVV'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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Financials
OVV vs. ENB - Financials Comparison
This section allows you to compare key financial metrics between Ovintiv 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
OVV vs. ENB - Profitability Comparison
OVV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Ovintiv Inc. reported a gross profit of 1.34B and revenue of 2.38B. Therefore, the gross margin over that period was 56.5%.
ENB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Enbridge Inc. reported a gross profit of 7.55B and revenue of 18.50B. Therefore, the gross margin over that period was 40.8%.
OVV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Ovintiv Inc. reported an operating income of -89.00M and revenue of 2.38B, resulting in an operating margin of -3.7%.
ENB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Enbridge Inc. reported an operating income of 3.67B and revenue of 18.50B, resulting in an operating margin of 19.9%.
OVV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Ovintiv Inc. reported a net income of -159.00M and revenue of 2.38B, resulting in a net margin of -6.7%.
ENB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Enbridge Inc. reported a net income of 2.36B and revenue of 18.50B, resulting in a net margin of 12.8%.