ENEL.MI vs. BTC-USD
ENEL.MI (Enel SpA) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ENEL.MI returned 15.79%/yr vs 56.54%/yr for BTC-USD. At a 0.05 correlation, their price movements are largely independent.
Performance
ENEL.MI vs. BTC-USD - Performance Comparison
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Different Trading Currencies
ENEL.MI is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD 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 13.01% return, which is significantly higher than BTC-USD's -26.39% return. Over the past 10 years, ENEL.MI has underperformed BTC-USD with an annualized return of 15.79%, while BTC-USD has yielded a comparatively higher 56.54% annualized return.
ENEL.MI
- 1D
- 1.35%
- 1M
- 0.72%
- YTD
- 13.01%
- 6M
- 15.09%
- 1Y
- 29.94%
- 3Y*
- 24.05%
- 5Y*
- 10.38%
- 10Y*
- 15.79%
BTC-USD
- 1D
- 0.00%
- 1M
- -21.07%
- YTD
- -26.39%
- 6M
- -28.70%
- 1Y
- -40.31%
- 3Y*
- 33.21%
- 5Y*
- 10.38%
- 10Y*
- 56.54%
ENEL.MI vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between ENEL.MI and BTC-USD is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012 | 0.05 |
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Return for Risk
ENEL.MI vs. BTC-USD — Risk / Return Rank
ENEL.MI
BTC-USD
ENEL.MI vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enel SpA (ENEL.MI) and Bitcoin (BTC-USD). 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.
| ENEL.MI | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.86 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | -0.80 | +3.45 |
| Martin ratioReturn relative to average drawdown | 7.83 | -1.38 | +9.21 |
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Drawdowns
ENEL.MI vs. BTC-USD - Drawdown Comparison
The maximum ENEL.MI drawdown since its inception was -56.40%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for ENEL.MI and BTC-USD.
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Drawdown Indicators
| ENEL.MI | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.40% | -83.05% | +26.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -50.24% | +39.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.88% | -50.24% | +36.36% |
Max Drawdown (5Y)Largest decline over 5 years | -47.08% | -73.60% | +26.52% |
Max Drawdown (10Y)Largest decline over 10 years | -50.13% | -82.51% | +32.38% |
Current DrawdownCurrent decline from peak | -3.93% | -48.50% | +44.57% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -40.03% | +24.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 34.94% | -31.22% |
Volatility
ENEL.MI vs. BTC-USD - Volatility Comparison
The current volatility for Enel SpA (ENEL.MI) is 5.33%, while Bitcoin (BTC-USD) has a volatility of 11.08%. This indicates that ENEL.MI experiences smaller price fluctuations and is considered to be less risky than BTC-USD 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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 11.08% | -5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 17.28% | 34.70% | -17.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.27% | 35.21% | -15.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.09% | 44.75% | -23.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 55.74% | -32.96% |
Frequently Asked Questions
ENEL.MI and BTC-USD have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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