ENB vs SDEV: Correlation
Measured on weekly returns over the past three years, Enbridge Inc (ENB) and Stablecoin Development Corporation (SDEV) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENB and SDEV?
On 3 years of weekly data the ENB/SDEV correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.23). The 5-year figure is -0.10, and annualized covariance runs at -901.9 %².
SDEV is close to the least connected end of ENB's tracked universe, ranking #13 of 14. The last year tells two different stories: ENB led by 90.0 percentage points, +9.1% for ENB against -80.9% for SDEV. One caveat on sizing: SDEV is 12.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ENB vs SDEV: side by side
| ENB (Enbridge Inc) | SDEV (Stablecoin Development Corporation) | |
|---|---|---|
| 1-year return | +9.1% | -80.9% |
| 5-year return | +71.0% | -100.0% |
| Volatility (ann.) | 17.6% | 222.1% |
| Beta vs S&P 500 | 0.05 | 1.75 |
| Max drawdown (3Y) | -13.1% | -99.0% |
| Market cap | $109.1B | – |
| P/E (trailing) | 26.7 | – |
| Dividend yield | 7.60% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENB | SDEV |
|---|---|---|
| 2022 | +6.5% | -85.3% |
| 2023 | -1.1% | -89.7% |
| 2024 | +26.4% | -91.4% |
| 2025 | +17.8% | +1322.1% |
| 2026 | +8.6% | -96.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENB and SDEV good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENB and SDEV?
As of 2026-08-27, the correlation of weekly returns between ENB and SDEV is -0.23 over 3 years, -0.40 over 1 year and -0.10 over 5 years.
Is SDEV a good diversifier for ENB?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ENB correlations · SDEV correlations
