UTEN vs. ENB
UTEN (US Treasury 10 Year Note ETF) is Government Bonds fund tracking the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross, while ENB (Enbridge Inc.) is a stock. Over the past 3 years, UTEN returned 2.29%/yr vs 22.21%/yr for ENB. At a 0.17 correlation, their price movements are largely independent.
Performance
UTEN vs. ENB - Performance Comparison
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Returns By Period
In the year-to-date period, UTEN achieves a -0.49% return, which is significantly lower than ENB's 21.23% return.
UTEN
- 1D
- -0.21%
- 1M
- 0.36%
- YTD
- -0.49%
- 6M
- -0.13%
- 1Y
- 3.90%
- 3Y*
- 2.29%
- 5Y*
- —
- 10Y*
- —
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%
UTEN vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UTEN US Treasury 10 Year Note ETF | -0.49% | 7.82% | -1.67% | 3.18% | -7.81% |
ENB Enbridge Inc. | 21.23% | 19.51% | 26.35% | -1.13% | -7.09% |
Correlation
The correlation between UTEN and ENB is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.17 |
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Return for Risk
UTEN vs. ENB — Risk / Return Rank
UTEN
ENB
UTEN vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) 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.
| UTEN | ENB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.03 | -2.27 |
| Martin ratioReturn relative to average drawdown | 2.16 | 7.64 | -5.48 |
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Drawdowns
UTEN vs. ENB - Drawdown Comparison
The maximum UTEN drawdown since its inception was -13.36%, smaller than the maximum ENB drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for UTEN and ENB.
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Drawdown Indicators
| UTEN | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.36% | -46.35% | +32.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.57% | -9.10% | +4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.60% | -15.29% | +6.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.07% | — |
Current DrawdownCurrent decline from peak | -2.85% | -2.65% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -10.83% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.64% | -2.04% |
Volatility
UTEN vs. ENB - Volatility Comparison
The current volatility for US Treasury 10 Year Note ETF (UTEN) is 1.79%, while Enbridge Inc. (ENB) has a volatility of 5.99%. This indicates that UTEN 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.
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Volatility by Period
| UTEN | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 5.99% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 12.96% | -9.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 16.21% | -11.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 18.65% | -10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 24.33% | -16.29% |
Dividends
UTEN vs. ENB - Dividend Comparison
UTEN's dividend yield for the trailing twelve months is around 4.04%, 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% |
UTEN US Treasury 10 Year Note ETF | 4.04% | 4.11% | 4.13% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTEN and ENB have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENB has higher volatility (5.99%) compared to UTEN (1.79%). In terms of maximum drawdown, UTEN dropped -13.36% vs ENB's -46.35%.
ENB currently has the higher Sharpe Ratio (1.71 vs 0.67), 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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