ENIC vs. SQM
ENIC (Enel Chile S.A.) and SQM (Sociedad Química y Minera de Chile S.A.) are both stocks. ENIC operates in Utilities - Regulated Electric (Utilities), while SQM operates in Chemicals (Basic Materials). Over the past 10 years, ENIC returned 3.73%/yr vs 17.10%/yr for SQM. At a 0.34 correlation, their price movements are largely independent.
Performance
ENIC vs. SQM - Performance Comparison
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Returns By Period
In the year-to-date period, ENIC achieves a 18.58% return, which is significantly higher than SQM's 15.62% return. Over the past 10 years, ENIC has underperformed SQM with an annualized return of 3.73%, while SQM has yielded a comparatively higher 17.10% annualized return.
ENIC
- 1D
- -0.22%
- 1M
- 8.06%
- YTD
- 18.58%
- 6M
- 20.68%
- 1Y
- 35.42%
- 3Y*
- 18.09%
- 5Y*
- 16.64%
- 10Y*
- 3.73%
SQM
- 1D
- -1.31%
- 1M
- -1.91%
- YTD
- 15.62%
- 6M
- 13.48%
- 1Y
- 148.39%
- 3Y*
- 5.90%
- 5Y*
- 16.03%
- 10Y*
- 17.10%
ENIC vs. SQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENIC Enel Chile S.A. | 18.58% | 48.47% | -3.58% | 62.00% | 26.20% | -49.96% | -12.51% | 0.87% | -9.09% | 28.60% |
SQM Sociedad Química y Minera de Chile S.A. | 15.62% | 89.55% | -39.35% | -18.47% | 71.62% | 6.82% | 89.19% | -27.30% | -32.71% | 115.00% |
Correlation
The correlation between ENIC and SQM is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.34 |
Fundamentals
ENIC:
$6.31B
SQM:
$22.41B
ENIC:
$0.44
SQM:
$2.86
ENIC:
10.45
SQM:
27.48
ENIC:
0.00
SQM:
0.16
ENIC:
1.36
SQM:
4.23
ENIC:
1.19
SQM:
3.83
ENIC:
$3.49B
SQM:
$5.31B
ENIC:
$1.28B
SQM:
$1.83B
ENIC:
$1.19B
SQM:
$1.75B
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Return for Risk
ENIC vs. SQM — Risk / Return Rank
ENIC
SQM
ENIC vs. SQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enel Chile S.A. (ENIC) and Sociedad Química y Minera de Chile S.A. (SQM). 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.
| ENIC | SQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 6.46 | -4.14 |
| Martin ratioReturn relative to average drawdown | 6.02 | 17.74 | -11.72 |
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Drawdowns
ENIC vs. SQM - Drawdown Comparison
The maximum ENIC drawdown since its inception was -79.74%, roughly equal to the maximum SQM drawdown of -78.34%. Use the drawdown chart below to compare losses from any high point for ENIC and SQM.
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Drawdown Indicators
| ENIC | SQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.74% | -78.34% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -23.11% | +7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -27.84% | -61.32% | +33.48% |
Max Drawdown (5Y)Largest decline over 5 years | -64.21% | -69.76% | +5.55% |
Max Drawdown (10Y)Largest decline over 10 years | -79.74% | -72.98% | -6.76% |
Current DrawdownCurrent decline from peak | -2.15% | -19.77% | +17.62% |
Average DrawdownAverage peak-to-trough decline | -29.35% | -30.31% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.90% | 8.40% | -2.50% |
Volatility
ENIC vs. SQM - Volatility Comparison
The current volatility for Enel Chile S.A. (ENIC) is 7.57%, while Sociedad Química y Minera de Chile S.A. (SQM) has a volatility of 14.57%. This indicates that ENIC experiences smaller price fluctuations and is considered to be less risky than SQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENIC | SQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 14.57% | -7.00% |
Volatility (6M)Calculated over the trailing 6-month period | 22.27% | 36.39% | -14.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.79% | 51.39% | -23.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.18% | 49.84% | -11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 46.15% | -10.36% |
Dividends
ENIC vs. SQM - Dividend Comparison
ENIC's dividend yield for the trailing twelve months is around 4.27%, more than SQM's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIC Enel Chile S.A. | 4.27% | 5.56% | 8.55% | 10.38% | 1.00% | 12.08% | 6.54% | 4.88% | 4.97% | 2.76% | 2.46% | 0.00% |
SQM Sociedad Química y Minera de Chile S.A. | 1.47% | 0.18% | 0.59% | 8.34% | 9.66% | 3.92% | 1.64% | 4.55% | 5.37% | 2.73% | 4.77% | 2.00% |
Financials
ENIC vs. SQM - Financials Comparison
This section allows you to compare key financial metrics between Enel Chile S.A. and Sociedad Química y Minera de Chile S.A.. 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
ENIC vs. SQM - Profitability Comparison
ENIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enel Chile S.A. reported a gross profit of 526.00M and revenue of 1.20B. Therefore, the gross margin over that period was 43.9%.
SQM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sociedad Química y Minera de Chile S.A. reported a gross profit of 778.60M and revenue of 1.76B. Therefore, the gross margin over that period was 44.2%.
ENIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enel Chile S.A. reported an operating income of 326.00M and revenue of 1.20B, resulting in an operating margin of 27.2%.
SQM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sociedad Química y Minera de Chile S.A. reported an operating income of 729.70M and revenue of 1.76B, resulting in an operating margin of 41.5%.
ENIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enel Chile S.A. reported a net income of 162.00M and revenue of 1.20B, resulting in a net margin of 13.5%.
SQM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sociedad Química y Minera de Chile S.A. reported a net income of 364.70M and revenue of 1.76B, resulting in a net margin of 20.7%.
Frequently Asked Questions
ENIC and SQM have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQM has higher volatility (14.57%) compared to ENIC (7.57%). In terms of maximum drawdown, ENIC dropped -79.74% vs SQM's -78.34%.
SQM currently has the higher Sharpe Ratio (2.91 vs 1.28), 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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