ENLT vs. BWET
ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) is a stock, while BWET (Breakwave Tanker Shipping ETF) is Commodities fund tracking the Breakwave Wet Freight Futures Index. Over the past 3 years, ENLT returned 73.41%/yr vs 129.64%/yr for BWET. At a 0.01 correlation, their price movements are largely independent.
Performance
ENLT vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, ENLT achieves a 111.06% return, which is significantly lower than BWET's 875.88% return.
ENLT
- 1D
- -8.23%
- 1M
- 8.05%
- YTD
- 111.06%
- 6M
- 128.78%
- 1Y
- 387.06%
- 3Y*
- 73.41%
- 5Y*
- —
- 10Y*
- —
BWET
- 1D
- 4.26%
- 1M
- 9.15%
- YTD
- 875.88%
- 6M
- 735.56%
- 1Y
- 1,800.91%
- 3Y*
- 129.64%
- 5Y*
- —
- 10Y*
- —
ENLT vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 111.06% | 163.61% | -9.90% | 13.12% |
BWET Breakwave Tanker Shipping ETF | 875.88% | 96.22% | -39.21% | 15.94% |
Correlation
The correlation between ENLT and BWET 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 | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 4, 2023 | 0.01 |
The correlation between ENLT and BWET shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENLT vs. BWET — Risk / Return Rank
ENLT
BWET
ENLT vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and Breakwave Tanker Shipping ETF (BWET). 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.
| ENLT | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.96 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 21.70 | 59.51 | -37.81 |
| Martin ratioReturn relative to average drawdown | 76.57 | 158.07 | -81.49 |
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
| ENLT | BWET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.35 | 18.57 | -11.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 1.90 | -0.39 |
Drawdowns
ENLT vs. BWET - Drawdown Comparison
The maximum ENLT drawdown since its inception was -39.32%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for ENLT and BWET.
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Drawdown Indicators
| ENLT | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -56.90% | +17.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.98% | -30.64% | +12.66% |
Max Drawdown (3Y)Largest decline over 3 years | -39.32% | -56.90% | +17.58% |
Current DrawdownCurrent decline from peak | -10.68% | -11.29% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -24.09% | +12.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 11.51% | -6.43% |
Volatility
ENLT vs. BWET - Volatility Comparison
The current volatility for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) is 22.74%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that ENLT experiences smaller price fluctuations and is considered to be less risky than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENLT | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.74% | 33.96% | -11.22% |
Volatility (6M)Calculated over the trailing 6-month period | 43.49% | 88.49% | -45.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.07% | 98.35% | -45.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.38% | 70.45% | -26.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.38% | 70.45% | -26.07% |
Dividends
ENLT vs. BWET - Dividend Comparison
Neither ENLT nor BWET has paid dividends to shareholders.
Frequently Asked Questions
ENLT and BWET 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.
BWET has higher volatility (33.96%) compared to ENLT (22.74%). In terms of maximum drawdown, ENLT dropped -39.32% vs BWET's -56.90%.
BWET currently has the higher Sharpe Ratio (18.57 vs 7.35), 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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