AVAV vs. ENLT

Last updated Jun 9, 2026

AVAV (AeroVironment, Inc.) and ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) are both stocks. AVAV operates in Aerospace & Defense (Industrials), while ENLT operates in Utilities - Renewable (Utilities). Over the past 3 years, AVAV returned 23.54%/yr vs 69.79%/yr for ENLT. At a 0.16 correlation, their price movements are largely independent.

Performance

AVAV vs. ENLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AeroVironment, Inc. (AVAV) and Enlight Renewable Energy Ltd. Ordinary Shares (ENLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVAV achieves a -23.65% return, which is significantly lower than ENLT's 109.11% return.

AVAV

• 1D: -0.67%
• 1M: 9.74%
• YTD: -23.65%
• 6M: -34.62%
• 1Y: -3.25%
• 3Y*: 23.54%
• 5Y*: 10.87%
• 10Y*: 19.16%

ENLT

• 1D: 4.48%
• 1M: 5.03%
• YTD: 109.11%
• 6M: 137.83%
• 1Y: 382.54%
• 3Y*: 69.79%
• 5Y*: —
• 10Y*: —

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

AVAV vs. ENLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVAV AeroVironment, Inc.	-23.65%	57.18%	22.10%	45.31%
ENLT Enlight Renewable Energy Ltd. Ordinary Shares	109.11%	163.61%	-9.90%	6.93%

Correlation

The correlation between AVAV and ENLT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023	0.16

Fundamentals

Market Cap AVAV : $9.01B ENLT : $13.94B
EPS AVAV : -$4.63 ENLT : $0.68
PS Ratio AVAV : 7.51 ENLT : 16.15
PB Ratio AVAV : 2.11 ENLT : 6.57
Total Revenue (TTM) AVAV : $1.19B ENLT : $813.08M
Gross Profit (TTM) AVAV : $104.63M ENLT : $446.15M
EBITDA (TTM) AVAV : -$242.06M ENLT : $670.45M

Return for Risk

AVAV vs. ENLT — Risk / Return Rank

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

AVAV

AVAV Risk / Return Rank: 41
AVAV Sharpe Ratio Rank: 40
AVAV Sortino Ratio Rank: 43
AVAV Omega Ratio Rank: 42
AVAV Calmar Ratio Rank: 41
AVAV Martin Ratio Rank: 40

ENLT

ENLT Risk / Return Rank: 99
ENLT Sharpe Ratio Rank: 100
ENLT Sortino Ratio Rank: 98
ENLT Omega Ratio Rank: 98
ENLT Calmar Ratio Rank: 99
ENLT Martin Ratio Rank: 100

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.

AVAV vs. ENLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AeroVironment, Inc. (AVAV) and Enlight Renewable Energy Ltd. Ordinary Shares (ENLT). 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.

	AVAV	ENLT	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	7.22	-7.26
Sortino ratio: Return per unit of downside risk	0.48	5.43	-4.95
Omega ratio: Gain probability vs. loss probability	1.06	1.72	-0.66
Calmar ratio: Return relative to maximum drawdown	-0.05	21.44	-21.50
Martin ratio: Return relative to average drawdown	-0.10	73.16	-73.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVAV vs. ENLT - Sharpe Ratio Comparison

The current AVAV Sharpe Ratio is -0.04, which is lower than the ENLT Sharpe Ratio of 7.22. The chart below compares the historical Sharpe Ratios of AVAV and ENLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVAV	ENLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	7.22	-7.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	1.49	-1.26

Drawdowns

AVAV vs. ENLT - Drawdown Comparison

The maximum AVAV drawdown since its inception was -61.45%, which is greater than ENLT's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for AVAV and ENLT.

Drawdown Indicators

	AVAV	ENLT	Difference
Max Drawdown Largest peak-to-trough decline	-61.45%	-39.32%	-22.13%
Max Drawdown (1Y) Largest decline over 1 year	-61.45%	-17.98%	-43.47%
Max Drawdown (3Y) Largest decline over 3 years	-61.45%	-39.32%	-22.13%
Max Drawdown (5Y) Largest decline over 5 years	-61.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	—	—
Current Drawdown Current decline from peak	-54.94%	-11.51%	-43.43%
Average Drawdown Average peak-to-trough decline	-28.56%	-11.88%	-16.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.68%	5.26%	+28.42%

Volatility

AVAV vs. ENLT - Volatility Comparison

AeroVironment, Inc. (AVAV) has a higher volatility of 24.99% compared to Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) at 21.08%. This indicates that AVAV's price experiences larger fluctuations and is considered to be riskier than ENLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVAV	ENLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.99%	21.08%	+3.91%
Volatility (6M) Calculated over the trailing 6-month period	58.60%	43.80%	+14.80%
Volatility (1Y) Calculated over the trailing 1-year period	73.83%	53.52%	+20.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.85%	44.44%	+11.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.96%	44.44%	+7.52%

Dividends

AVAV vs. ENLT - Dividend Comparison

Neither AVAV nor ENLT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AVAV and ENLT in my portfolio?

AVAV and ENLT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVAV or ENLT?

AVAV has higher volatility (24.99%) compared to ENLT (21.08%). In terms of maximum drawdown, AVAV dropped -61.45% vs ENLT's -39.32%.

Which has better risk-adjusted returns?

ENLT currently has the higher Sharpe Ratio (7.22 vs -0.04), 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.