ENEL.MI vs. ETH-USD
ENEL.MI (Enel SpA) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, ENEL.MI returned 15.79%/yr vs 56.48%/yr for ETH-USD. At a 0.04 correlation, their price movements are largely independent.
Performance
ENEL.MI vs. ETH-USD - Performance Comparison
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Different Trading Currencies
ENEL.MI is traded in EUR, while ETH-USD is traded in USD. To make them comparable, the ETH-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 ETH-USD's -43.00% return. Over the past 10 years, ENEL.MI has underperformed ETH-USD with an annualized return of 15.79%, while ETH-USD has yielded a comparatively higher 56.48% 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%
ETH-USD
- 1D
- 0.00%
- 1M
- -26.40%
- YTD
- -43.00%
- 6M
- -45.21%
- 1Y
- -35.55%
- 3Y*
- -1.88%
- 5Y*
- -7.55%
- 10Y*
- 56.48%
ENEL.MI vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between ENEL.MI and ETH-USD is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.04 |
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Return for Risk
ENEL.MI vs. ETH-USD — Risk / Return Rank
ENEL.MI
ETH-USD
ENEL.MI vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enel SpA (ENEL.MI) and Ethereum (ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.95 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | -0.53 | +3.18 |
| Martin ratioReturn relative to average drawdown | 7.83 | -0.91 | +8.74 |
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Drawdowns
ENEL.MI vs. ETH-USD - Drawdown Comparison
The maximum ENEL.MI drawdown since its inception was -56.40%, smaller than the maximum ETH-USD drawdown of -93.21%. Use the drawdown chart below to compare losses from any high point for ENEL.MI and ETH-USD.
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Drawdown Indicators
| ENEL.MI | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.40% | -93.21% | +36.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -66.66% | +55.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.88% | -66.66% | +52.78% |
Max Drawdown (5Y)Largest decline over 5 years | -47.08% | -76.09% | +29.01% |
Max Drawdown (10Y)Largest decline over 10 years | -50.13% | -93.21% | +43.08% |
Current DrawdownCurrent decline from peak | -3.93% | -65.34% | +61.41% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -48.98% | +33.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 45.31% | -41.59% |
Volatility
ENEL.MI vs. ETH-USD - Volatility Comparison
The current volatility for Enel SpA (ENEL.MI) is 5.33%, while Ethereum (ETH-USD) has a volatility of 16.03%. This indicates that ENEL.MI experiences smaller price fluctuations and is considered to be less risky than ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 16.03% | -10.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.28% | 46.97% | -29.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.27% | 55.65% | -36.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.09% | 59.39% | -38.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 78.43% | -55.65% |
Frequently Asked Questions
ENEL.MI and ETH-USD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ENEL.MI and ETH-USD
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