REMX vs. ENB
REMX (VanEck Rare Earth and Strategic Metals ETF) is Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index, while ENB (Enbridge Inc.) is a stock. Over the past 10 years, REMX returned 10.32%/yr vs 9.68%/yr for ENB. At a 0.36 correlation, their price movements are largely independent.
Performance
REMX vs. ENB - Performance Comparison
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Returns By Period
In the year-to-date period, REMX achieves a 29.19% return, which is significantly higher than ENB's 21.23% return. Over the past 10 years, REMX has outperformed ENB with an annualized return of 10.32%, while ENB has yielded a comparatively lower 9.68% annualized return.
REMX
- 1D
- 2.73%
- 1M
- -4.36%
- YTD
- 29.19%
- 6M
- 34.20%
- 1Y
- 145.31%
- 3Y*
- 5.16%
- 5Y*
- 4.80%
- 10Y*
- 10.32%
ENB
- 1D
- 0.07%
- 1M
- 2.15%
- YTD
- 21.23%
- 6M
- 21.95%
- 1Y
- 27.81%
- 3Y*
- 22.21%
- 5Y*
- 14.42%
- 10Y*
- 9.68%
REMX vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REMX VanEck Rare Earth and Strategic Metals ETF | 29.19% | 92.95% | -35.02% | -19.18% | -31.13% | 79.81% | 64.82% | 0.74% | -49.63% | 82.60% |
ENB Enbridge Inc. | 21.23% | 19.51% | 26.35% | -1.13% | 6.46% | 30.83% | -13.60% | 36.05% | -15.53% | -2.73% |
Correlation
The correlation between REMX and ENB is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010 | 0.36 |
Over the past year, the correlation between REMX and ENB has dropped to 0.06 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
REMX vs. ENB — Risk / Return Rank
REMX
ENB
REMX vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals ETF (REMX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| REMX | ENB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.23 | 3.03 | +3.20 |
| Martin ratioReturn relative to average drawdown | 16.82 | 7.64 | +9.18 |
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Drawdowns
REMX vs. ENB - Drawdown Comparison
The maximum REMX drawdown since its inception was -90.20%, which is greater than ENB's maximum drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for REMX and ENB.
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Drawdown Indicators
| REMX | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -46.35% | -43.85% |
Max Drawdown (1Y)Largest decline over 1 year | -23.35% | -9.10% | -14.25% |
Max Drawdown (3Y)Largest decline over 3 years | -62.11% | -15.29% | -46.82% |
Max Drawdown (5Y)Largest decline over 5 years | -73.34% | -28.32% | -45.02% |
Max Drawdown (10Y)Largest decline over 10 years | -73.34% | -44.07% | -29.27% |
Current DrawdownCurrent decline from peak | -56.27% | -2.65% | -53.62% |
Average DrawdownAverage peak-to-trough decline | -66.84% | -10.83% | -56.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.63% | 3.64% | +4.99% |
Volatility
REMX vs. ENB - Volatility Comparison
VanEck Rare Earth and Strategic Metals ETF (REMX) has a higher volatility of 17.56% compared to Enbridge Inc. (ENB) at 5.99%. This indicates that REMX'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
| REMX | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.56% | 5.99% | +11.57% |
Volatility (6M)Calculated over the trailing 6-month period | 37.14% | 12.96% | +24.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.74% | 16.21% | +33.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.64% | 18.65% | +21.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.14% | 24.33% | +12.81% |
Dividends
REMX vs. ENB - Dividend Comparison
REMX's dividend yield for the trailing twelve months is around 1.36%, less than ENB's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 4.91% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
REMX VanEck Rare Earth and Strategic Metals ETF | 1.36% | 1.76% | 2.56% | 0.00% | 1.56% | 5.25% | 0.81% | 1.64% | 12.43% | 2.89% | 2.23% | 4.77% |
Frequently Asked Questions
REMX and ENB have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REMX has higher volatility (17.56%) compared to ENB (5.99%). In terms of maximum drawdown, REMX dropped -90.20% vs ENB's -46.35%.
REMX currently has the higher Sharpe Ratio (2.93 vs 1.71), 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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