ALSMY vs. ENVX

Last updated Jun 24, 2026

ALSMY (Alstom PK) and ENVX (Enovix Corp) are both stocks. Both are in the Industrials sector — ALSMY in Railroads, ENVX in Electrical Equipment & Parts. Over the past 3 years, ALSMY returned -12.57%/yr vs -19.35%/yr for ENVX. At a 0.25 correlation, their price movements are largely independent.

Performance

ALSMY vs. ENVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alstom PK (ALSMY) and Enovix Corp (ENVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALSMY achieves a -38.49% return, which is significantly lower than ENVX's -13.41% return.

ALSMY

• 1D: 0.00%
• 1M: -6.28%
• YTD: -38.49%
• 6M: -37.85%
• 1Y: -13.94%
• 3Y*: -12.57%
• 5Y*: -17.46%
• 10Y*: 1.42%

ENVX

• 1D: -10.21%
• 1M: -5.24%
• YTD: -13.41%
• 6M: -24.64%
• 1Y: -10.80%
• 3Y*: -19.35%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALSMY vs. ENVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ALSMY Alstom PK	-38.49%	34.10%	77.98%	-45.29%	-31.06%	-16.66%
ENVX Enovix Corp	-13.41%	-23.14%	-13.18%	0.64%	-54.40%	26.88%

Correlation

The correlation between ALSMY and ENVX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.25

Fundamentals

Market Cap ALSMY : $8.26B ENVX : $1.38B
EPS ALSMY : €0.09 ENVX : -$183.56
PS Ratio ALSMY : 0.22 ENVX : 0.17
PB Ratio ALSMY : 0.68 ENVX : 0.01
Total Revenue (TTM) ALSMY : €32.94B ENVX : $7.63B
Gross Profit (TTM) ALSMY : €4.26B ENVX : $1.56B
EBITDA (TTM) ALSMY : €2.03B ENVX : -$43.98B

Return for Risk

ALSMY vs. ENVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALSMY

ALSMY Risk / Return Rank: 29
ALSMY Sharpe Ratio Rank: 28
ALSMY Sortino Ratio Rank: 27
ALSMY Omega Ratio Rank: 27
ALSMY Calmar Ratio Rank: 33
ALSMY Martin Ratio Rank: 31

ENVX

ENVX Risk / Return Rank: 40
ENVX Sharpe Ratio Rank: 38
ENVX Sortino Ratio Rank: 43
ENVX Omega Ratio Rank: 42
ENVX Calmar Ratio Rank: 37
ENVX Martin Ratio Rank: 39

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.

ALSMY vs. ENVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alstom PK (ALSMY) and Enovix Corp (ENVX). 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.

	ALSMY	ENVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	-0.12	-0.21
Sortino ratio: Return per unit of downside risk	-0.19	0.46	-0.66
Omega ratio: Gain probability vs. loss probability	0.97	1.06	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.29	-0.16	-0.13
Martin ratio: Return relative to average drawdown	-0.65	-0.22	-0.43

ALSMY vs. ENVX - Sharpe Ratio Comparison

The current ALSMY Sharpe Ratio is -0.33, which is lower than the ENVX Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of ALSMY and ENVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALSMY vs. ENVX - Drawdown Comparison

The maximum ALSMY drawdown since its inception was -80.51%, smaller than the maximum ENVX drawdown of -84.76%. Use the drawdown chart below to compare losses from any high point for ALSMY and ENVX.

Drawdown Indicators

	ALSMY	ENVX	Difference
Max Drawdown Largest peak-to-trough decline	-80.51%	-84.76%	+4.25%
Max Drawdown (1Y) Largest decline over 1 year	-48.91%	-69.62%	+20.71%
Max Drawdown (3Y) Largest decline over 3 years	-62.55%	-75.42%	+12.87%
Max Drawdown (5Y) Largest decline over 5 years	-77.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.51%	—	—
Current Drawdown Current decline from peak	-67.34%	-79.80%	+12.46%
Average Drawdown Average peak-to-trough decline	-47.23%	-63.04%	+15.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.48%	48.40%	-26.92%

Volatility

ALSMY vs. ENVX - Volatility Comparison

The current volatility for Alstom PK (ALSMY) is 4.47%, while Enovix Corp (ENVX) has a volatility of 28.85%. This indicates that ALSMY experiences smaller price fluctuations and is considered to be less risky than ENVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALSMY	ENVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	28.85%	-24.38%
Volatility (6M) Calculated over the trailing 6-month period	34.64%	59.12%	-24.48%
Volatility (1Y) Calculated over the trailing 1-year period	41.88%	89.04%	-47.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.74%	93.88%	-46.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.94%	93.88%	-53.94%

Dividends

ALSMY vs. ENVX - Dividend Comparison

Neither ALSMY nor ENVX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALSMY Alstom PK	0.00%	0.00%	4.37%	2.13%	1.05%	0.85%	8.56%	13.32%	1.01%	1.42%
ENVX Enovix Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ALSMY and ENVX in my portfolio?

ALSMY and ENVX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALSMY or ENVX?

ENVX has higher volatility (28.85%) compared to ALSMY (4.47%). In terms of maximum drawdown, ALSMY dropped -80.51% vs ENVX's -84.76%.

Which has better risk-adjusted returns?

ENVX currently has the higher Sharpe Ratio (-0.12 vs -0.33), 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.