XBAL.TO vs. ENB
XBAL.TO (iShares Core Balanced ETF Portfolio) is Diversified Portfolio fund actively managed by iShares, while ENB (Enbridge Inc.) is a stock. Over the past 10 years, XBAL.TO returned 7.64%/yr vs 10.34%/yr for ENB. At a 0.28 correlation, their price movements are largely independent.
Performance
XBAL.TO vs. ENB - Performance Comparison
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Different Trading Currencies
XBAL.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, XBAL.TO achieves a 7.00% return, which is significantly lower than ENB's 20.89% return. Over the past 10 years, XBAL.TO has underperformed ENB with an annualized return of 7.64%, while ENB has yielded a comparatively higher 10.34% annualized return.
XBAL.TO
- 1D
- -1.00%
- 1M
- 1.25%
- YTD
- 7.00%
- 6M
- 5.87%
- 1Y
- 16.40%
- 3Y*
- 14.11%
- 5Y*
- 7.96%
- 10Y*
- 7.64%
ENB
- 1D
- -1.47%
- 1M
- 6.73%
- YTD
- 20.89%
- 6M
- 18.77%
- 1Y
- 28.12%
- 3Y*
- 22.63%
- 5Y*
- 17.14%
- 10Y*
- 10.34%
XBAL.TO vs. ENB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 7.00% | 11.90% | 15.80% | 13.05% | -11.16% | 10.16% | 10.73% | 15.34% | -2.73% | 5.55% |
ENB Enbridge Inc. | 20.89% | 14.05% | 37.05% | -3.48% | 13.20% | 30.76% | -15.65% | 30.44% | -8.43% | -9.31% |
Correlation
The correlation between XBAL.TO and ENB is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2007 | 0.28 |
The correlation between XBAL.TO and ENB shifts across timeframes, from -0.01 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBAL.TO vs. ENB — Risk / Return Rank
XBAL.TO
ENB
XBAL.TO vs. ENB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.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.
| XBAL.TO | ENB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.90 | -0.18 |
| Martin ratioReturn relative to average drawdown | 11.39 | 7.60 | +3.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XBAL.TO | ENB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.71 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.89 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.42 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.57 | +0.08 |
Drawdowns
XBAL.TO vs. ENB - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.55%, smaller than the maximum ENB drawdown of -39.63%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and ENB.
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Drawdown Indicators
| XBAL.TO | ENB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -39.63% | +11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -9.76% | +3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -9.34% | -13.59% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -21.88% | +4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -20.93% | -39.63% | +18.70% |
Current DrawdownCurrent decline from peak | -1.20% | -3.50% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -8.15% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 3.71% | -2.27% |
Volatility
XBAL.TO vs. ENB - Volatility Comparison
The current volatility for iShares Core Balanced ETF Portfolio (XBAL.TO) is 3.07%, while Enbridge Inc. (ENB) has a volatility of 6.35%. This indicates that XBAL.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.
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Volatility by Period
| XBAL.TO | ENB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 6.35% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | 13.31% | -6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.59% | 16.59% | -8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.81% | 19.30% | -10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.77% | 24.95% | -15.18% |
Dividends
XBAL.TO vs. ENB - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.13%, less than ENB's 5.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENB Enbridge Inc. | 5.01% | 5.66% | 6.28% | 7.31% | 6.80% | 6.85% | 7.55% | 5.58% | 6.68% | 4.71% | 4.13% | 4.71% |
XBAL.TO iShares Core Balanced ETF Portfolio | 2.13% | 2.27% | 2.72% | 2.43% | 2.12% | 1.78% | 2.04% | 2.31% | 3.47% | 3.00% | 3.72% | 3.38% |
Frequently Asked Questions
XBAL.TO and ENB have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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