ARRY vs. ENLAY
ARRY (Array Technologies, Inc.) and ENLAY (ENEL Societa per Azioni) are both stocks. ARRY operates in Solar (Technology), while ENLAY operates in Utilities - Diversified (Utilities). Over the past 5 years, ARRY returned -17.36%/yr vs 11.00%/yr for ENLAY. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
ARRY vs. ENLAY - Performance Comparison
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Returns By Period
In the year-to-date period, ARRY achieves a -43.38% return, which is significantly lower than ENLAY's 14.06% return.
ARRY
- 1D
- 2.76%
- 1M
- -25.11%
- 6M
- -53.91%
- YTD
- -43.38%
- 1Y
- -13.86%
- 3Y*
- -34.80%
- 5Y*
- -17.36%
- 10Y*
- —
- ALL TIME*
- -25.85%
ENLAY
- 1D
- -1.49%
- 1M
- 0.00%
- 6M
- 5.05%
- YTD
- 14.06%
- 1Y
- 33.63%
- 3Y*
- 25.75%
- 5Y*
- 11.00%
- 10Y*
- 15.16%
- ALL TIME*
- 9.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.09M | $38.93M | $45.03M | |
| $3.26M | $3.41M | $4.38M |
ARRY vs. ENLAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ARRY Array Technologies, Inc. | -43.38% | 52.65% | -64.05% | -13.09% | 23.20% | -63.63% | 46.24% |
ENLAY ENEL Societa per Azioni | 14.06% | 56.31% | 2.11% | 47.93% | -27.98% | -18.92% | 12.78% |
Correlation
The correlation between ARRY and ENLAY is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.23 |
Fundamentals
ARRY:
$802.97M
ENLAY:
$112.17B
ARRY:
-$0.44
ENLAY:
€0.43
ARRY:
0.66
ENLAY:
1.27
ARRY:
$1.21B
ENLAY:
€72.93B
ARRY:
$269.92M
ENLAY:
€24.84B
ARRY:
$5.35M
ENLAY:
€23.83B
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Return for Risk
ARRY vs. ENLAY — Risk / Return Rank
ARRY
ENLAY
ARRY vs. ENLAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) and ENEL Societa per Azioni (ENLAY). 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.
| ARRY | ENLAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.65 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.71 | 7.64 | -8.35 |
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Drawdowns
ARRY vs. ENLAY - Drawdown Comparison
The maximum ARRY drawdown since its inception was -92.20%, which is greater than ENLAY's maximum drawdown of -63.03%. Use the drawdown chart below to compare losses from any high point for ARRY and ENLAY.
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Drawdown Indicators
| ARRY | ENLAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.20% | -63.03% | -29.17% |
Max Drawdown (1Y)Largest decline over 1 year | -59.78% | -12.76% | -47.02% |
Max Drawdown (3Y)Largest decline over 3 years | -84.88% | -15.51% | -69.37% |
Max Drawdown (5Y)Largest decline over 5 years | -85.31% | -55.91% | -29.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.26% | — |
Current DrawdownCurrent decline from peak | -89.77% | -3.71% | -86.06% |
Average DrawdownAverage peak-to-trough decline | -69.32% | -20.48% | -48.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.70% | 4.41% | +23.29% |
Volatility
ARRY vs. ENLAY - Volatility Comparison
Array Technologies, Inc. (ARRY) has a higher volatility of 16.61% compared to ENEL Societa per Azioni (ENLAY) at 5.84%. This indicates that ARRY's price experiences larger fluctuations and is considered to be riskier than ENLAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARRY | ENLAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.61% | 5.84% | +10.77% |
Volatility (6M)Calculated over the trailing 6-month period | 62.21% | 18.71% | +43.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.75% | 21.58% | +61.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.93% | 24.66% | +57.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.39% | 25.88% | +56.51% |
Dividends
ARRY vs. ENLAY - Dividend Comparison
ARRY has not paid dividends to shareholders, while ENLAY's dividend yield for the trailing twelve months is around 5.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARRY Array Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ENLAY ENEL Societa per Azioni | 5.02% | 5.04% | 6.53% | 5.76% | 7.96% | 4.25% | 3.62% | 2.25% | 2.69% | 3.29% | 6.03% | 2.07% |
Financials
ARRY vs. ENLAY - Financials Comparison
This section allows you to compare key financial metrics between Array Technologies, Inc. and ENEL Societa per Azioni. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ARRY vs. ENLAY - Profitability Comparison
ARRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Array Technologies, Inc. reported a gross profit of 63.00M and revenue of 223.41M. Therefore, the gross margin over that period was 28.2%.
ENLAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, ENEL Societa per Azioni reported a gross profit of 4.05B and revenue of 20.93B. Therefore, the gross margin over that period was 19.4%.
ARRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Array Technologies, Inc. reported an operating income of 7.11M and revenue of 223.41M, resulting in an operating margin of 3.2%.
ENLAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, ENEL Societa per Azioni reported an operating income of 4.05B and revenue of 20.93B, resulting in an operating margin of 19.4%.
ARRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Array Technologies, Inc. reported a net income of 2.00M and revenue of 223.41M, resulting in a net margin of 0.9%.
ENLAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, ENEL Societa per Azioni reported a net income of 1.89B and revenue of 20.93B, resulting in a net margin of 9.0%.
Frequently Asked Questions
ARRY and ENLAY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARRY has higher volatility (16.61%) compared to ENLAY (5.84%). In terms of maximum drawdown, ARRY dropped -92.20% vs ENLAY's -63.03%.
ENLAY currently has the higher Sharpe Ratio (1.57 vs -0.24), 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.
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