ENEL.MI vs. ADBE
ENEL.MI (Enel SpA) and ADBE (Adobe Inc) are both stocks. ENEL.MI operates in Utilities - Diversified (Utilities), while ADBE operates in Software - Infrastructure (Technology). Over the past 10 years, ENEL.MI returned 14.44%/yr vs 9.72%/yr for ADBE. At a 0.21 correlation, their price movements are largely independent.
Performance
ENEL.MI vs. ADBE - Performance Comparison
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Different Trading Currencies
ENEL.MI is traded in EUR, while ADBE is traded in USD. To make them comparable, the ADBE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENEL.MI achieves a 10.47% return, which is significantly higher than ADBE's -26.75% return. Over the past 10 years, ENEL.MI has outperformed ADBE with an annualized return of 14.44%, while ADBE has yielded a comparatively lower 9.72% annualized return.
ENEL.MI
- 1D
- 0.92%
- 1M
- -0.60%
- YTD
- 10.47%
- 6M
- 11.78%
- 1Y
- 26.19%
- 3Y*
- 24.29%
- 5Y*
- 10.49%
- 10Y*
- 14.44%
ADBE
- 1D
- 0.00%
- 1M
- 1.65%
- YTD
- -26.75%
- 6M
- -25.10%
- 1Y
- -40.36%
- 3Y*
- -19.75%
- 5Y*
- -12.38%
- 10Y*
- 9.72%
ENEL.MI vs. ADBE - Yearly Performance Comparison
Correlation
The correlation between ENEL.MI and ADBE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007 | 0.21 |
The correlation between ENEL.MI and ADBE shifts across timeframes, from -0.14 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENEL.MI vs. ADBE — Risk / Return Rank
ENEL.MI
ADBE
ENEL.MI vs. ADBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enel SpA (ENEL.MI) and Adobe Inc (ADBE). 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.
| ENEL.MI | ADBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.68 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.79 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.86 | +3.16 |
| Martin ratioReturn relative to average drawdown | 6.96 | -1.42 | +8.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENEL.MI | ADBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | -1.20 | +2.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.34 | +0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.28 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.32 | -0.02 |
Drawdowns
ENEL.MI vs. ADBE - Drawdown Comparison
The maximum ENEL.MI drawdown since its inception was -58.83%, smaller than the maximum ADBE drawdown of -68.51%. Use the drawdown chart below to compare losses from any high point for ENEL.MI and ADBE.
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Drawdown Indicators
| ENEL.MI | ADBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.83% | -68.51% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -47.26% | +36.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.49% | -67.33% | +53.84% |
Max Drawdown (5Y)Largest decline over 5 years | -47.05% | -68.51% | +21.46% |
Max Drawdown (10Y)Largest decline over 10 years | -50.08% | -68.51% | +18.43% |
Current DrawdownCurrent decline from peak | -6.15% | -64.24% | +58.09% |
Average DrawdownAverage peak-to-trough decline | -16.50% | -19.53% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 28.68% | -25.02% |
Volatility
ENEL.MI vs. ADBE - Volatility Comparison
The current volatility for Enel SpA (ENEL.MI) is 5.95%, while Adobe Inc (ADBE) has a volatility of 13.76%. This indicates that ENEL.MI experiences smaller price fluctuations and is considered to be less risky than ADBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENEL.MI | ADBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 13.76% | -7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 17.22% | 28.38% | -11.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.19% | 33.86% | -14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 36.15% | -15.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 34.60% | -11.80% |
Dividends
ENEL.MI vs. ADBE - Dividend Comparison
ENEL.MI's dividend yield for the trailing twelve months is around 5.07%, while ADBE has not paid dividends to shareholders.
Financials
ENEL.MI vs. ADBE - Financials Comparison
This section allows you to compare key financial metrics between Enel SpA and Adobe Inc. 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
Frequently Asked Questions
ENEL.MI and ADBE 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.
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