E vs. AA
E (Eni S.p.A.) and AA (Alcoa Corporation) are both stocks. E operates in Oil & Gas Integrated (Energy), while AA operates in Aluminum (Basic Materials). Over the past 5 years, E returned 23.85%/yr vs 14.08%/yr for AA. At a 0.42 correlation, their price movements are largely independent.
Performance
E vs. AA - Performance Comparison
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Returns By Period
In the year-to-date period, E achieves a 44.27% return, which is significantly higher than AA's 29.83% return.
E
- 1D
- -1.04%
- 1M
- -2.55%
- YTD
- 44.27%
- 6M
- 45.57%
- 1Y
- 75.29%
- 3Y*
- 32.48%
- 5Y*
- 23.85%
- 10Y*
- 12.46%
AA
- 1D
- -0.30%
- 1M
- 0.64%
- YTD
- 29.83%
- 6M
- 49.53%
- 1Y
- 140.52%
- 3Y*
- 24.73%
- 5Y*
- 14.08%
- 10Y*
- —
E vs. AA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E Eni S.p.A. | 44.27% | 48.40% | -13.95% | 26.73% | 10.92% | 43.12% | -28.73% | 4.29% | -0.98% | 7.27% |
AA Alcoa Corporation | 29.83% | 42.46% | 12.43% | -24.33% | -23.12% | 159.05% | 7.16% | -19.07% | -50.66% | 91.84% |
Correlation
The correlation between E and AA is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016 | 0.42 |
Over the past year, the correlation between E and AA has dropped to 0.14 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
Fundamentals
E:
$80.49B
AA:
$18.13B
E:
€1.65
AA:
$3.92
E:
28.11
AA:
17.55
E:
2.64
AA:
0.05
E:
0.89
AA:
1.42
E:
1.41
AA:
2.66
E:
€79.65B
AA:
$12.66B
E:
€2.60B
AA:
$948.00M
E:
€15.30B
AA:
$1.70B
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Return for Risk
E vs. AA — Risk / Return Rank
E
AA
E vs. AA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eni S.p.A. (E) and Alcoa Corporation (AA). 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.
| E | AA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.36 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 8.14 | 6.49 | +1.64 |
| Martin ratioReturn relative to average drawdown | 26.54 | 20.55 | +5.99 |
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Drawdowns
E vs. AA - Drawdown Comparison
The maximum E drawdown since its inception was -70.53%, smaller than the maximum AA drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for E and AA.
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Drawdown Indicators
| E | AA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.53% | -90.90% | +20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -21.77% | +12.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -52.25% | +32.12% |
Max Drawdown (5Y)Largest decline over 5 years | -33.71% | -75.46% | +41.75% |
Max Drawdown (10Y)Largest decline over 10 years | -61.59% | — | — |
Current DrawdownCurrent decline from peak | -6.08% | -24.27% | +18.19% |
Average DrawdownAverage peak-to-trough decline | -23.07% | -46.12% | +23.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 6.87% | -4.02% |
Volatility
E vs. AA - Volatility Comparison
The current volatility for Eni S.p.A. (E) is 6.01%, while Alcoa Corporation (AA) has a volatility of 21.35%. This indicates that E experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| E | AA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 21.35% | -15.34% |
Volatility (6M)Calculated over the trailing 6-month period | 19.56% | 41.11% | -21.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.72% | 54.44% | -31.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 56.26% | -31.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.30% | 55.66% | -27.36% |
Dividends
E vs. AA - Dividend Comparison
E's dividend yield for the trailing twelve months is around 4.50%, more than AA's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.58% | 0.75% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% |
E Eni S.p.A. | 4.50% | 5.88% | 7.69% | 5.74% | 6.38% | 5.79% | 5.91% | 6.11% | 5.15% | 3.96% | 3.98% | 5.14% |
Financials
E vs. AA - Financials Comparison
This section allows you to compare key financial metrics between Eni S.p.A. and Alcoa Corporation. 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
E vs. AA - Profitability Comparison
E - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eni S.p.A. reported a gross profit of 1.20B and revenue of 20.07B. Therefore, the gross margin over that period was 6.0%.
AA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a gross profit of 0.00 and revenue of 3.19B. Therefore, the gross margin over that period was 0.0%.
E - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eni S.p.A. reported an operating income of 1.47B and revenue of 20.07B, resulting in an operating margin of 7.3%.
AA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported an operating income of 0.00 and revenue of 3.19B, resulting in an operating margin of 0.0%.
E - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eni S.p.A. reported a net income of 1.09B and revenue of 20.07B, resulting in a net margin of 5.4%.
AA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a net income of 425.00M and revenue of 3.19B, resulting in a net margin of 13.3%.
Frequently Asked Questions
E and AA have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (21.35%) compared to E (6.01%). In terms of maximum drawdown, E dropped -70.53% vs AA's -90.90%.
E currently has the higher Sharpe Ratio (3.34 vs 2.60), 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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