ENLAY vs. ENPH
ENLAY (ENEL Societa per Azioni) and ENPH (Enphase Energy, Inc.) are both stocks. ENLAY operates in Utilities - Diversified (Utilities), while ENPH operates in Solar (Technology). Over the past 10 years, ENLAY returned 15.20%/yr vs 40.45%/yr for ENPH. At a 0.19 correlation, their price movements are largely independent.
Performance
ENLAY vs. ENPH - Performance Comparison
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Returns By Period
In the year-to-date period, ENLAY achieves a 10.06% return, which is significantly lower than ENPH's 113.39% return. Over the past 10 years, ENLAY has underperformed ENPH with an annualized return of 15.20%, while ENPH has yielded a comparatively higher 40.45% annualized return.
ENLAY
- 1D
- 1.55%
- 1M
- -1.59%
- YTD
- 10.06%
- 6M
- 11.89%
- 1Y
- 28.96%
- 3Y*
- 28.27%
- 5Y*
- 9.40%
- 10Y*
- 15.20%
ENPH
- 1D
- -0.91%
- 1M
- 89.87%
- YTD
- 113.39%
- 6M
- 122.33%
- 1Y
- 58.46%
- 3Y*
- -27.93%
- 5Y*
- -12.68%
- 10Y*
- 40.45%
ENLAY vs. ENPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENLAY ENEL Societa per Azioni | 10.06% | 56.31% | 2.11% | 47.93% | -27.98% | -18.92% | 34.75% | 38.89% | -2.41% | 46.09% |
ENPH Enphase Energy, Inc. | 113.39% | -53.33% | -48.02% | -50.13% | 44.83% | 4.26% | 571.53% | 452.43% | 96.27% | 138.61% |
Correlation
The correlation between ENLAY and ENPH is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2012 | 0.19 |
Fundamentals
ENLAY:
$115.17B
ENPH:
$8.98B
ENLAY:
$0.42
ENPH:
$0.92
ENLAY:
26.44
ENPH:
74.64
ENLAY:
1.15
ENPH:
1.70
ENLAY:
1.49
ENPH:
6.51
ENLAY:
3.25
ENPH:
8.15
ENLAY:
$72.93B
ENPH:
$1.40B
ENLAY:
$24.84B
ENPH:
$619.16M
ENLAY:
$23.83B
ENPH:
$189.48M
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Return for Risk
ENLAY vs. ENPH — Risk / Return Rank
ENLAY
ENPH
ENLAY vs. ENPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ENEL Societa per Azioni (ENLAY) and Enphase Energy, Inc. (ENPH). 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.
| ENLAY | ENPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.36 | +0.92 |
| Martin ratioReturn relative to average drawdown | 6.83 | 2.46 | +4.36 |
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
| ENLAY | ENPH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.70 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | -0.18 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.52 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.21 | +0.09 |
Drawdowns
ENLAY vs. ENPH - Drawdown Comparison
The maximum ENLAY drawdown since its inception was -63.03%, smaller than the maximum ENPH drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for ENLAY and ENPH.
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Drawdown Indicators
| ENLAY | ENPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.03% | -95.97% | +32.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -43.13% | +30.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.48% | -86.23% | +68.75% |
Max Drawdown (5Y)Largest decline over 5 years | -57.68% | -92.23% | +34.55% |
Max Drawdown (10Y)Largest decline over 10 years | -61.26% | -92.23% | +30.97% |
Current DrawdownCurrent decline from peak | -7.09% | -79.65% | +72.56% |
Average DrawdownAverage peak-to-trough decline | -20.62% | -50.53% | +29.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 23.79% | -19.54% |
Volatility
ENLAY vs. ENPH - Volatility Comparison
The current volatility for ENEL Societa per Azioni (ENLAY) is 7.64%, while Enphase Energy, Inc. (ENPH) has a volatility of 32.51%. This indicates that ENLAY experiences smaller price fluctuations and is considered to be less risky than ENPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENLAY | ENPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 32.51% | -24.87% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 62.14% | -43.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.53% | 84.42% | -62.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.79% | 69.64% | -44.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.30% | 78.13% | -51.83% |
Dividends
ENLAY vs. ENPH - Dividend Comparison
ENLAY's dividend yield for the trailing twelve months is around 5.03%, while ENPH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENLAY ENEL Societa per Azioni | 5.03% | 5.04% | 6.53% | 5.76% | 7.96% | 4.25% | 3.62% | 2.25% | 2.69% | 3.29% | 6.03% | 2.07% |
ENPH Enphase Energy, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ENLAY vs. ENPH - Financials Comparison
This section allows you to compare key financial metrics between ENEL Societa per Azioni and Enphase Energy, 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
ENLAY vs. ENPH - Profitability Comparison
ENLAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ENEL Societa per Azioni reported a gross profit of 4.05B and revenue of 20.93B. Therefore, the gross margin over that period was 19.4%.
ENPH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enphase Energy, Inc. reported a gross profit of 100.39M and revenue of 282.90M. Therefore, the gross margin over that period was 35.5%.
ENLAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ENEL Societa per Azioni reported an operating income of 4.05B and revenue of 20.93B, resulting in an operating margin of 19.4%.
ENPH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enphase Energy, Inc. reported an operating income of -29.64M and revenue of 282.90M, resulting in an operating margin of -10.5%.
ENLAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ENEL Societa per Azioni reported a net income of 1.89B and revenue of 20.93B, resulting in a net margin of 9.0%.
ENPH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enphase Energy, Inc. reported a net income of -20.31M and revenue of 282.90M, resulting in a net margin of -7.2%.
Frequently Asked Questions
ENLAY and ENPH have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENPH has higher volatility (32.51%) compared to ENLAY (7.64%). In terms of maximum drawdown, ENLAY dropped -63.03% vs ENPH's -95.97%.
ENLAY currently has the higher Sharpe Ratio (1.35 vs 0.70), 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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