ENLT vs. CNRG
ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) is a stock, while CNRG (SPDR S&P Kensho Clean Power ETF) is Alternative Energy Equities fund tracking the S&P Kensho Clean Power Index. Over the past 3 years, ENLT returned 70.38%/yr vs 12.18%/yr for CNRG. At a 0.36 correlation, their price movements are largely independent.
Performance
ENLT vs. CNRG - Performance Comparison
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Returns By Period
In the year-to-date period, ENLT achieves a 99.21% return, which is significantly higher than CNRG's 23.15% return.
ENLT
- 1D
- 5.96%
- 1M
- -1.83%
- YTD
- 99.21%
- 6M
- 100.58%
- 1Y
- 316.56%
- 3Y*
- 70.38%
- 5Y*
- —
- 10Y*
- —
CNRG
- 1D
- -4.63%
- 1M
- -5.18%
- YTD
- 23.15%
- 6M
- 19.33%
- 1Y
- 95.92%
- 3Y*
- 12.18%
- 5Y*
- 2.77%
- 10Y*
- —
ENLT vs. CNRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 99.21% | 163.61% | -9.90% | 6.93% |
CNRG SPDR S&P Kensho Clean Power ETF | 23.15% | 50.23% | -14.48% | -16.84% |
Correlation
The correlation between ENLT and CNRG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.36 |
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Return for Risk
ENLT vs. CNRG — Risk / Return Rank
ENLT
CNRG
ENLT vs. CNRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and SPDR S&P Kensho Clean Power ETF (CNRG). 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 | CNRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.38 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 12.74 | 5.36 | +7.39 |
| Martin ratioReturn relative to average drawdown | 51.47 | 13.03 | +38.44 |
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Drawdowns
ENLT vs. CNRG - Drawdown Comparison
The maximum ENLT drawdown since its inception was -39.32%, smaller than the maximum CNRG drawdown of -68.49%. Use the drawdown chart below to compare losses from any high point for ENLT and CNRG.
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Drawdown Indicators
| ENLT | CNRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -68.49% | +29.17% |
Max Drawdown (1Y)Largest decline over 1 year | -25.03% | -18.01% | -7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -39.17% | -48.77% | +9.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.17% | — |
Current DrawdownCurrent decline from peak | -15.70% | -19.92% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -31.72% | +19.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 7.39% | -1.21% |
Volatility
ENLT vs. CNRG - Volatility Comparison
Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a higher volatility of 25.58% compared to SPDR S&P Kensho Clean Power ETF (CNRG) at 15.67%. This indicates that ENLT's price experiences larger fluctuations and is considered to be riskier than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENLT | CNRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.58% | 15.67% | +9.91% |
Volatility (6M)Calculated over the trailing 6-month period | 47.00% | 27.25% | +19.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.92% | 38.05% | +17.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.29% | 34.47% | +10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.29% | 35.98% | +9.31% |
Dividends
ENLT vs. CNRG - Dividend Comparison
ENLT has not paid dividends to shareholders, while CNRG's dividend yield for the trailing twelve months is around 1.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CNRG SPDR S&P Kensho Clean Power ETF | 1.11% | 1.46% | 1.34% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% |
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ENLT and CNRG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENLT has higher volatility (25.58%) compared to CNRG (15.67%). In terms of maximum drawdown, ENLT dropped -39.32% vs CNRG's -68.49%.
ENLT currently has the higher Sharpe Ratio (5.71 vs 2.53), 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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