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XUT.TO vs. ENB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUT.TO vs. ENB

Last updated Jun 14, 2026

XUT.TO (iShares S&P/TSX Capped Utilities Index ETF) is Utilities Equities fund tracking the Morningstar Gbl GR CAD, while ENB (Enbridge Inc.) is a stock. Over the past 10 years, XUT.TO returned 8.96%/yr vs 10.62%/yr for ENB. At a 0.34 correlation, their price movements are largely independent.

Performance

XUT.TO vs. ENB - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) and Enbridge Inc. (ENB). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

XUT.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, XUT.TO achieves a 16.33% return, which is significantly lower than ENB's 23.69% return. Over the past 10 years, XUT.TO has underperformed ENB with an annualized return of 8.96%, while ENB has yielded a comparatively higher 10.62% annualized return.

XUT.TO

1D
0.05%
1M
4.08%
YTD
16.33%
6M
13.38%
1Y
21.77%
3Y*
12.14%
5Y*
6.77%
10Y*
8.96%

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)

XUT.TO vs. ENB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		16.33%14.74%13.09%-0.45%-11.02%8.92%14.74%36.63%-8.30%10.16%
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 XUT.TO and ENB is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

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

0.45

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

0.40

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

0.35

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2011

0.34

The correlation between XUT.TO and ENB shifts across timeframes, from 0.34 (all time) to 0.45 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares S&P/TSX Capped Utilities Index ETF

Enbridge Inc.

Often compared with XUT.TO:
XUT.TO vs. ZUT.TOXUT.TO vs. XEI.TOXUT.TO vs. ZLB.TOXUT.TO vs. XIU.TOXUT.TO vs. XLUXUT.TO vs. UTES.TOXUT.TO vs. VPU
Often compared with ENB:
ENB vs. EPDENB vs. ETENB vs. TRPENB vs. ENSENB vs. SCHDENB vs. VOOENB vs. WMB

Return for Risk

XUT.TO vs. ENB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUT.TO
XUT.TO Risk / Return Rank: 7575
Overall Rank
XUT.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
XUT.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
XUT.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XUT.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
XUT.TO Martin Ratio Rank: 5353
Martin Ratio Rank
ENB
ENB Risk / Return Rank: 8484
Overall Rank
ENB Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
ENB Sortino Ratio Rank: 8484
Sortino Ratio Rank
ENB Omega Ratio Rank: 8181
Omega Ratio Rank
ENB Calmar Ratio Rank: 8484
Calmar Ratio Rank
ENB Martin Ratio Rank: 8484
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Utilities Index ETF (XUT.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.

XUT.TOENBDifference
Sharpe ratioReturn per unit of total volatility
2.48
1.85

+0.63

Sortino ratioReturn per unit of downside risk
3.20
2.66

+0.55

Omega ratioGain probability vs. loss probability

1.49

1.32

+0.17

Calmar ratioReturn relative to maximum drawdown

2.83

3.12

-0.28

Martin ratioReturn relative to average drawdown

8.04

8.39

-0.34

XUT.TO vs. ENB - Sharpe Ratio Comparison

The current XUT.TO Sharpe Ratio is 2.48, which is higher than the ENB Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of XUT.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.

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Drawdowns

XUT.TO vs. ENB - Drawdown Comparison

The maximum XUT.TO drawdown since its inception was -37.65%, roughly equal to the maximum ENB drawdown of -39.63%. Use the drawdown chart below to compare losses from any high point for XUT.TO and ENB.

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Drawdown Indicators

XUT.TOENBDifference

Max Drawdown

Largest peak-to-trough decline

-37.65%

-39.63%

+1.98%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-9.76%

+2.12%

Max Drawdown (3Y)

Largest decline over 3 years

-17.51%

-12.18%

-5.33%

Max Drawdown (5Y)

Largest decline over 5 years

-28.54%

-21.88%

-6.66%

Max Drawdown (10Y)

Largest decline over 10 years

-37.65%

-39.63%

+1.98%

Current Drawdown

Current decline from peak

0.00%

-1.26%

+1.26%

Average Drawdown

Average peak-to-trough decline

-5.81%

-8.14%

+2.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.69%

3.72%

-1.03%

Volatility

XUT.TO vs. ENB - Volatility Comparison

The current volatility for iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) is 2.56%, while Enbridge Inc. (ENB) has a volatility of 6.22%. This indicates that XUT.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

XUT.TOENBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

6.22%

-3.66%

Volatility (6M)

Calculated over the trailing 6-month period

7.57%

13.26%

-5.69%

Volatility (1Y)

Calculated over the trailing 1-year period

8.76%

16.57%

-7.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.77%

19.31%

-6.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.17%

24.94%

-8.77%

Dividends

XUT.TO vs. ENB - Dividend Comparison

XUT.TO's dividend yield for the trailing twelve months is around 3.25%, less than ENB's 4.91% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		3.25%3.91%4.00%3.90%3.80%3.04%4.51%3.57%4.52%3.57%3.74%4.05%

Frequently Asked Questions

XUT.TO and ENB have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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