PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VGSH vs. ENB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VGSH vs. ENB.TO

Last updated Jun 14, 2026

VGSH (Vanguard Short-Term Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while ENB.TO (Enbridge Inc.) is a stock. Over the past 10 years, VGSH returned 1.73%/yr vs 9.65%/yr for ENB.TO. At a correlation of -0.04, they often move in opposite directions.

Performance

VGSH vs. ENB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Treasury ETF (VGSH) and Enbridge Inc. (ENB.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VGSH achieves a 0.57% return, which is significantly lower than ENB.TO's 20.96% return. Over the past 10 years, VGSH has underperformed ENB.TO with an annualized return of 1.73%, while ENB.TO has yielded a comparatively higher 9.65% annualized return.

VGSH

1D
-0.03%
1M
0.16%
YTD
0.57%
6M
0.83%
1Y
3.36%
3Y*
4.25%
5Y*
1.83%
10Y*
1.73%

ENB.TO

1D
-0.06%
1M
1.78%
YTD
20.96%
6M
22.09%
1Y
28.04%
3Y*
22.35%
5Y*
14.28%
10Y*
9.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VGSH vs. ENB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VGSH
Vanguard Short-Term Treasury ETF		0.57%5.07%4.00%4.31%-3.86%-0.60%3.04%3.52%1.55%0.04%
ENB.TO
Enbridge Inc.		20.96%19.55%26.47%-0.92%7.16%30.05%-13.25%34.99%-15.41%-2.22%

Correlation

The correlation between VGSH and ENB.TO is 0.00, 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

0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (10Y)
Calculated over the trailing 10-year period

-0.02

Correlation (All Time)
Calculated using the full available price history since Nov 23, 2009

-0.04

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Short-Term Treasury ETF

Enbridge Inc.

Often compared with VGSH:
VGSH vs. sgovVGSH vs. SHVVGSH vs. SGOVVGSH vs. SHYVGSH vs. BNDVGSH vs. VTIPVGSH vs. VCSH
Often compared with ENB.TO:
ENB.TO vs. CNQ.TOENB.TO vs. PPL.TOENB.TO vs. SU.TOENB.TO vs. WCP.TOENB.TO vs. TRP.TOENB.TO vs. TD.TOENB.TO vs. BCE.TO

Return for Risk

VGSH vs. ENB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VGSH
VGSH Risk / Return Rank: 8888
Overall Rank
VGSH Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
VGSH Sortino Ratio Rank: 9494
Sortino Ratio Rank
VGSH Omega Ratio Rank: 9292
Omega Ratio Rank
VGSH Calmar Ratio Rank: 8181
Calmar Ratio Rank
VGSH Martin Ratio Rank: 8484
Martin Ratio Rank
ENB.TO
ENB.TO Risk / Return Rank: 8787
Overall Rank
ENB.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ENB.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
ENB.TO Omega Ratio Rank: 8585
Omega Ratio Rank
ENB.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
ENB.TO Martin Ratio Rank: 8686
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) and Enbridge Inc. (ENB.TO). 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.

VGSHENB.TODifference
Sharpe ratioReturn per unit of total volatility
2.61
1.73

+0.88

Sortino ratioReturn per unit of downside risk
4.30
2.44

+1.86

Omega ratioGain probability vs. loss probability

1.55

1.30

+0.26

Calmar ratioReturn relative to maximum drawdown

3.76

3.18

+0.57

Martin ratioReturn relative to average drawdown

14.67

7.85

+6.82

VGSH vs. ENB.TO - Sharpe Ratio Comparison

The current VGSH Sharpe Ratio is 2.61, which is higher than the ENB.TO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of VGSH and ENB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

VGSH vs. ENB.TO - Drawdown Comparison

The maximum VGSH drawdown since its inception was -5.70%, smaller than the maximum ENB.TO drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for VGSH and ENB.TO.

Loading charts...

Drawdown Indicators

VGSHENB.TODifference

Max Drawdown

Largest peak-to-trough decline

-5.70%

-46.35%

+40.65%

Max Drawdown (1Y)

Largest decline over 1 year

-0.88%

-8.85%

+7.97%

Max Drawdown (3Y)

Largest decline over 3 years

-0.97%

-14.77%

+13.80%

Max Drawdown (5Y)

Largest decline over 5 years

-5.66%

-27.86%

+22.20%

Max Drawdown (10Y)

Largest decline over 10 years

-5.70%

-43.74%

+38.04%

Current Drawdown

Current decline from peak

-0.21%

-2.89%

+2.68%

Average Drawdown

Average peak-to-trough decline

-0.60%

-11.35%

+10.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.23%

3.58%

-3.35%

Volatility

VGSH vs. ENB.TO - Volatility Comparison

The current volatility for Vanguard Short-Term Treasury ETF (VGSH) is 0.37%, while Enbridge Inc. (ENB.TO) has a volatility of 5.85%. This indicates that VGSH experiences smaller price fluctuations and is considered to be less risky than ENB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VGSHENB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.37%

5.85%

-5.48%

Volatility (6M)

Calculated over the trailing 6-month period

0.90%

12.99%

-12.09%

Volatility (1Y)

Calculated over the trailing 1-year period

1.28%

16.33%

-15.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.97%

17.21%

-15.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.58%

23.57%

-21.99%

Dividends

VGSH vs. ENB.TO - Dividend Comparison

VGSH's dividend yield for the trailing twelve months is around 3.87%, less than ENB.TO's 4.84% yield.

PositionTTM20252024202320222021202020192018201720162015
ENB.TO
Enbridge Inc.		4.84%5.74%6.00%7.44%6.50%6.76%7.96%5.72%6.33%4.91%3.75%4.04%
VGSH
Vanguard Short-Term Treasury ETF		3.87%4.00%4.18%3.31%1.15%0.66%1.74%2.28%1.79%1.10%0.84%0.69%

Frequently Asked Questions

VGSH and ENB.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for VGSH and ENB.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer