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ENLT vs. CNRG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ENLT and CNRG is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

ENLT vs. CNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and SPDR S&P Kensho Clean Power ETF (CNRG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ENLT:

0.27

CNRG:

-0.50

Sortino Ratio

ENLT:

0.66

CNRG:

-0.48

Omega Ratio

ENLT:

1.08

CNRG:

0.95

Calmar Ratio

ENLT:

0.25

CNRG:

-0.24

Martin Ratio

ENLT:

1.22

CNRG:

-1.21

Ulcer Index

ENLT:

9.40%

CNRG:

13.70%

Daily Std Dev

ENLT:

40.75%

CNRG:

34.91%

Max Drawdown

ENLT:

-54.34%

CNRG:

-68.49%

Current Drawdown

ENLT:

-26.97%

CNRG:

-60.19%

Returns By Period

In the year-to-date period, ENLT achieves a 13.08% return, which is significantly higher than CNRG's -8.02% return.


ENLT

YTD

13.08%

1M

19.41%

6M

15.80%

1Y

10.80%

3Y*

N/A

5Y*

N/A

10Y*

N/A

CNRG

YTD

-8.02%

1M

12.53%

6M

-13.92%

1Y

-17.34%

3Y*

-11.37%

5Y*

5.07%

10Y*

N/A

*Annualized

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SPDR S&P Kensho Clean Power ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

ENLT vs. CNRG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENLT
The Risk-Adjusted Performance Rank of ENLT is 6060
Overall Rank
The Sharpe Ratio Rank of ENLT is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of ENLT is 5555
Sortino Ratio Rank
The Omega Ratio Rank of ENLT is 5353
Omega Ratio Rank
The Calmar Ratio Rank of ENLT is 6363
Calmar Ratio Rank
The Martin Ratio Rank of ENLT is 6666
Martin Ratio Rank

CNRG
The Risk-Adjusted Performance Rank of CNRG is 55
Overall Rank
The Sharpe Ratio Rank of CNRG is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of CNRG is 55
Sortino Ratio Rank
The Omega Ratio Rank of CNRG is 55
Omega Ratio Rank
The Calmar Ratio Rank of CNRG is 66
Calmar Ratio Rank
The Martin Ratio Rank of CNRG is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ENLT vs. CNRG - Risk-Adjusted Performance 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.


The current ENLT Sharpe Ratio is 0.27, which is higher than the CNRG Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of ENLT and CNRG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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 1.33%.


TTM2024202320222021202020192018
ENLT
Enlight Renewable Energy Ltd. Ordinary Shares
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CNRG
SPDR S&P Kensho Clean Power ETF
1.33%1.34%1.17%1.23%1.34%0.69%1.16%0.35%

Drawdowns

ENLT vs. CNRG - Drawdown Comparison

The maximum ENLT drawdown since its inception was -54.34%, 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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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

ENLT vs. CNRG - Volatility Comparison

Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a higher volatility of 13.57% compared to SPDR S&P Kensho Clean Power ETF (CNRG) at 10.16%. 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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