ENLT vs. CLS.TO
ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) and CLS.TO (Celestica Inc.) are both stocks. ENLT operates in Utilities - Renewable (Utilities), while CLS.TO operates in Electronic Components (Technology). Over the past 3 years, ENLT returned 68.44%/yr vs 207.61%/yr for CLS.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
ENLT vs. CLS.TO - Performance Comparison
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Different Trading Currencies
ENLT is traded in USD, while CLS.TO is traded in CAD. To make them comparable, the CLS.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENLT achieves a 110.58% return, which is significantly higher than CLS.TO's 32.76% return.
ENLT
- 1D
- 1.62%
- 1M
- 3.93%
- YTD
- 110.58%
- 6M
- 146.73%
- 1Y
- 412.20%
- 3Y*
- 68.44%
- 5Y*
- —
- 10Y*
- —
CLS.TO
- 1D
- 1.99%
- 1M
- 5.68%
- YTD
- 32.76%
- 6M
- 28.56%
- 1Y
- 202.30%
- 3Y*
- 207.61%
- 5Y*
- 116.14%
- 10Y*
- 43.71%
ENLT vs. CLS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 110.58% | 163.61% | -9.90% | 6.93% |
CLS.TO Celestica Inc. | 32.69% | 220.69% | 215.14% | 120.84% |
Correlation
The correlation between ENLT and CLS.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.17 |
The correlation between ENLT and CLS.TO shifts across timeframes, from 0.17 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ENLT:
$14.04B
CLS.TO:
CA$63.66B
ENLT:
$0.68
CLS.TO:
$8.28
ENLT:
141.27
CLS.TO:
47.51
ENLT:
0.70
CLS.TO:
0.64
ENLT:
16.27
CLS.TO:
3.30
ENLT:
6.62
CLS.TO:
21.70
ENLT:
$813.08M
CLS.TO:
$13.81B
ENLT:
$446.15M
CLS.TO:
$1.60B
ENLT:
$670.45M
CLS.TO:
$1.36B
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Return for Risk
ENLT vs. CLS.TO — Risk / Return Rank
ENLT
CLS.TO
ENLT vs. CLS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and Celestica Inc. (CLS.TO). 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.
| ENLT | CLS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.38 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 23.11 | 6.89 | +16.22 |
| Martin ratioReturn relative to average drawdown | 75.84 | 17.06 | +58.78 |
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Drawdowns
ENLT vs. CLS.TO - Drawdown Comparison
The maximum ENLT drawdown since its inception was -39.32%, smaller than the maximum CLS.TO drawdown of -80.63%. Use the drawdown chart below to compare losses from any high point for ENLT and CLS.TO.
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Drawdown Indicators
| ENLT | CLS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -80.63% | +41.31% |
Max Drawdown (1Y)Largest decline over 1 year | -17.98% | -29.56% | +11.58% |
Max Drawdown (3Y)Largest decline over 3 years | -39.32% | -53.42% | +14.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.63% | — |
Current DrawdownCurrent decline from peak | -10.88% | -16.56% | +5.68% |
Average DrawdownAverage peak-to-trough decline | -11.87% | -26.16% | +14.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 11.91% | -6.44% |
Volatility
ENLT vs. CLS.TO - Volatility Comparison
The current volatility for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) is 22.24%, while Celestica Inc. (CLS.TO) has a volatility of 28.03%. This indicates that ENLT experiences smaller price fluctuations and is considered to be less risky than CLS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENLT | CLS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.24% | 28.03% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 44.74% | 55.40% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.27% | 72.00% | -17.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.63% | 56.84% | -12.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.63% | 49.39% | -4.76% |
Dividends
ENLT vs. CLS.TO - Dividend Comparison
Neither ENLT nor CLS.TO has paid dividends to shareholders.
Financials
ENLT vs. CLS.TO - Financials Comparison
This section allows you to compare key financial metrics between Enlight Renewable Energy Ltd. Ordinary Shares and Celestica 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
ENLT vs. CLS.TO - Profitability Comparison
ENLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported a gross profit of 112.21M and revenue of 156.49M. Therefore, the gross margin over that period was 71.7%.
CLS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
ENLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported an operating income of 81.63M and revenue of 156.49M, resulting in an operating margin of 52.2%.
CLS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported an operating income of 267.70M and revenue of 4.05B, resulting in an operating margin of 6.6%.
ENLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported a net income of 24.07M and revenue of 156.49M, resulting in a net margin of 15.4%.
CLS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
Frequently Asked Questions
ENLT and CLS.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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