TF.TO vs. ENB

Last updated Jun 13, 2026

TF.TO (Timbercreek Financial Corp.) and ENB (Enbridge Inc.) are both stocks. TF.TO operates in Mortgage Finance (Financial Services), while ENB operates in Oil & Gas Midstream (Energy). Over the past 5 years, TF.TO returned 1.70%/yr vs 17.77%/yr for ENB. At a 0.23 correlation, their price movements are largely independent.

Performance

TF.TO vs. ENB - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Timbercreek Financial Corp. (TF.TO) and Enbridge Inc. (ENB). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, TF.TO achieves a 0.53% return, which is significantly lower than ENB's 23.69% return.

TF.TO

• 1D: 1.23%
• 1M: 3.70%
• YTD: 0.53%
• 6M: 1.82%
• 1Y: -2.45%
• 3Y*: 5.74%
• 5Y*: 1.70%
• 10Y*: —

ENB

• 1D: 0.25%
• 1M: 3.77%
• YTD: 23.69%
• 6M: 23.69%
• 1Y: 31.35%
• 3Y*: 24.04%
• 5Y*: 17.77%
• 10Y*: 10.62%

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

TF.TO vs. ENB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TF.TO Timbercreek Financial Corp.	0.53%	6.58%	16.09%	3.20%	-19.62%	19.59%	-5.44%	22.00%	-1.96%	18.70%
ENB Enbridge Inc.	23.69%	14.05%	37.05%	-3.48%	13.20%	30.76%	-15.65%	30.44%	-8.43%	-9.31%

Correlation

The correlation between TF.TO and ENB is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 5, 2016	0.23

The correlation between TF.TO and ENB shifts across timeframes, from 0.12 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS TF.TO : CA$0.36 ENB : $4.92
PE Ratio TF.TO : 18.15 ENB : 11.48
PEG Ratio TF.TO : 0.84 ENB : 0.53
PS Ratio TF.TO : 3.74 ENB : 1.34
Total Revenue (TTM) TF.TO : CA$145.73M ENB : $69.05B
Gross Profit (TTM) TF.TO : CA$79.48M ENB : $15.35B
EBITDA (TTM) TF.TO : CA$55.87M ENB : $17.09B

Return for Risk

TF.TO vs. ENB — Risk / Return Rank

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

TF.TO

TF.TO Risk / Return Rank: 32
TF.TO Sharpe Ratio Rank: 34
TF.TO Sortino Ratio Rank: 28
TF.TO Omega Ratio Rank: 27
TF.TO Calmar Ratio Rank: 36
TF.TO Martin Ratio Rank: 34

ENB

ENB Risk / Return Rank: 84
ENB Sharpe Ratio Rank: 86
ENB Sortino Ratio Rank: 84
ENB Omega Ratio Rank: 81
ENB Calmar Ratio Rank: 84
ENB Martin Ratio Rank: 84

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.

TF.TO vs. ENB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timbercreek Financial Corp. (TF.TO) 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.

	TF.TO	ENB	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	1.85	-2.06
Sortino ratio: Return per unit of downside risk	-0.17	2.66	-2.82
Omega ratio: Gain probability vs. loss probability	0.98	1.32	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.21	3.12	-3.32
Martin ratio: Return relative to average drawdown	-0.48	8.39	-8.86

TF.TO vs. ENB - Sharpe Ratio Comparison

The current TF.TO Sharpe Ratio is -0.21, which is lower than the ENB Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of TF.TO and ENB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TF.TO vs. ENB - Drawdown Comparison

The maximum TF.TO drawdown since its inception was -40.43%, roughly equal to the maximum ENB drawdown of -39.63%. Use the drawdown chart below to compare losses from any high point for TF.TO and ENB.

Drawdown Indicators

	TF.TO	ENB	Difference
Max Drawdown Largest peak-to-trough decline	-40.43%	-39.63%	-0.80%
Max Drawdown (1Y) Largest decline over 1 year	-16.36%	-9.76%	-6.60%
Max Drawdown (3Y) Largest decline over 3 years	-23.05%	-12.18%	-10.87%
Max Drawdown (5Y) Largest decline over 5 years	-30.99%	-21.88%	-9.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.63%	—
Current Drawdown Current decline from peak	-8.19%	-1.26%	-6.93%
Average Drawdown Average peak-to-trough decline	-6.65%	-8.14%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.03%	3.72%	+3.31%

Volatility

TF.TO vs. ENB - Volatility Comparison

The current volatility for Timbercreek Financial Corp. (TF.TO) is 3.57%, while Enbridge Inc. (ENB) has a volatility of 6.22%. This indicates that TF.TO experiences smaller price fluctuations and is considered to be less risky than ENB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TF.TO	ENB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	6.22%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	11.96%	13.26%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	16.57%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.24%	19.31%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.05%	24.94%	-5.89%

Dividends

TF.TO vs. ENB - Dividend Comparison

TF.TO's dividend yield for the trailing twelve months is around 10.47%, more 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%
TF.TO Timbercreek Financial Corp.	10.47%	10.09%	9.76%	10.35%	9.76%	7.18%	7.99%	6.95%	7.89%	7.12%	3.92%	0.00%

Financials

TF.TO vs. ENB - Profitability Comparison

The chart below illustrates the profitability comparison between Timbercreek Financial Corp. and Enbridge Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TF.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported a gross profit of 22.05M and revenue of 39.10M. Therefore, the gross margin over that period was 56.4%.

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%.

TF.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported an operating income of 17.68M and revenue of 39.10M, resulting in an operating margin of 45.2%.

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%.

TF.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported a net income of 10.37M and revenue of 39.10M, resulting in a net margin of 26.5%.

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

Can I hold both TF.TO and ENB in my portfolio?

TF.TO and ENB have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.