EMA vs. ENLT
EMA (Emera Inc) and ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) are both stocks. Both are in the Utilities sector — EMA in Utilities - Regulated Electric, ENLT in Utilities - Renewable. Over the past year, EMA returned 22.07% vs 412.20% for ENLT. At a correlation of -0.02, they often move in opposite directions.
Performance
EMA vs. ENLT - Performance Comparison
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Returns By Period
In the year-to-date period, EMA achieves a 9.00% return, which is significantly lower than ENLT's 110.58% return.
EMA
- 1D
- 0.98%
- 1M
- 0.11%
- YTD
- 9.00%
- 6M
- 12.00%
- 1Y
- 22.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENLT
- 1D
- 1.62%
- 1M
- 3.93%
- YTD
- 110.58%
- 6M
- 146.73%
- 1Y
- 412.20%
- 3Y*
- 68.44%
- 5Y*
- —
- 10Y*
- —
EMA vs. ENLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMA Emera Inc | 9.00% | 11.17% |
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 110.58% | 147.07% |
Correlation
The correlation between EMA and ENLT is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2025 | -0.02 |
Fundamentals
EMA:
$15.99B
ENLT:
$14.04B
EMA:
CA$3.55
ENLT:
$0.68
EMA:
20.68
ENLT:
141.27
EMA:
0.66
ENLT:
0.70
EMA:
2.58
ENLT:
16.27
EMA:
2.44
ENLT:
6.62
EMA:
CA$8.59B
ENLT:
$813.08M
EMA:
CA$2.83B
ENLT:
$446.15M
EMA:
CA$2.56B
ENLT:
$670.45M
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Return for Risk
EMA vs. ENLT — Risk / Return Rank
EMA
ENLT
EMA vs. ENLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emera Inc (EMA) 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.
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.
| EMA | ENLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.74 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 23.11 | -19.37 |
| Martin ratioReturn relative to average drawdown | 9.96 | 75.84 | -65.89 |
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Drawdowns
EMA vs. ENLT - Drawdown Comparison
The maximum EMA drawdown since its inception was -5.93%, smaller than the maximum ENLT drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for EMA and ENLT.
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Drawdown Indicators
| EMA | ENLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.93% | -39.32% | +33.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -17.98% | +12.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.32% | — |
Current DrawdownCurrent decline from peak | -2.00% | -10.88% | +8.88% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -11.87% | +10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 5.47% | -3.25% |
Volatility
EMA vs. ENLT - Volatility Comparison
The current volatility for Emera Inc (EMA) is 4.92%, while Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a volatility of 22.24%. This indicates that EMA experiences smaller price fluctuations and is considered to be less risky than ENLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMA | ENLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 22.24% | -17.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 44.74% | -34.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 54.27% | -40.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 44.63% | -30.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.79% | 44.63% | -30.84% |
Dividends
EMA vs. ENLT - Dividend Comparison
EMA's dividend yield for the trailing twelve months is around 4.05%, while ENLT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
EMA Emera Inc | 4.05% | 2.12% |
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 0.00% | 0.00% |
Financials
EMA vs. ENLT - Financials Comparison
This section allows you to compare key financial metrics between Emera Inc and Enlight Renewable Energy Ltd. Ordinary Shares. 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
EMA vs. ENLT - Profitability Comparison
EMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Emera Inc reported a gross profit of 756.95M and revenue of 2.48B. Therefore, the gross margin over that period was 30.5%.
ENLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported a gross profit of 112.21M and revenue of 156.49M. Therefore, the gross margin over that period was 71.7%.
EMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Emera Inc reported an operating income of 626.62M and revenue of 2.48B, resulting in an operating margin of 25.3%.
ENLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported an operating income of 81.63M and revenue of 156.49M, resulting in an operating margin of 52.2%.
EMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Emera Inc reported a net income of 583.50M and revenue of 2.48B, resulting in a net margin of 23.5%.
ENLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported a net income of 24.07M and revenue of 156.49M, resulting in a net margin of 15.4%.
Frequently Asked Questions
EMA and ENLT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENLT has higher volatility (22.24%) compared to EMA (4.92%). In terms of maximum drawdown, EMA dropped -5.93% vs ENLT's -39.32%.
ENLT currently has the higher Sharpe Ratio (7.68 vs 1.63), 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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