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.
Correlation
The correlation between OVV and ENB is 0.46, 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.
Performance
OVV vs. ENB - Performance Comparison
Key characteristics
OVV:
0.14
ENB:
2.03
OVV:
0.41
ENB:
2.79
OVV:
1.05
ENB:
1.35
OVV:
0.06
ENB:
1.39
OVV:
0.23
ENB:
11.13
OVV:
18.78%
ENB:
2.71%
OVV:
31.20%
ENB:
14.88%
OVV:
-98.88%
ENB:
-46.35%
OVV:
-73.20%
ENB:
-6.25%
Fundamentals
OVV:
$11.82B
ENB:
$92.20B
OVV:
$7.58
ENB:
$1.65
OVV:
5.99
ENB:
25.64
OVV:
$7.04B
ENB:
$53.47B
OVV:
$2.73B
ENB:
$6.93B
OVV:
$3.51B
ENB:
$8.34B
Returns By Period
In the year-to-date period, OVV achieves a 12.44% return, which is significantly higher than ENB's 0.42% return. Over the past 10 years, OVV has underperformed ENB with an annualized return of -1.52%, while ENB has yielded a comparatively higher 4.57% annualized return.
OVV
12.44%
0.29%
8.50%
1.06%
27.42%
-1.52%
ENB
0.42%
-5.96%
10.82%
28.74%
7.19%
4.57%
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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.
Dividends
OVV vs. ENB - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 2.64%, less than ENB's 6.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVV Ovintiv Inc. | 2.64% | 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. | 6.34% | 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. For additional features, visit the drawdowns tool.
Volatility
OVV vs. ENB - Volatility Comparison
Ovintiv Inc. (OVV) has a higher volatility of 11.51% compared to Enbridge Inc. (ENB) at 5.99%. 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.
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