ENLT vs. CNRG
Compare and contrast key facts about Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and SPDR S&P Kensho Clean Power ETF (CNRG).
CNRG is a passively managed fund by State Street that tracks the performance of the S&P Kensho Clean Power Index. It was launched on Oct 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENLT or CNRG.
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
Key characteristics
ENLT:
-0.02
CNRG:
-0.25
ENLT:
0.24
CNRG:
-0.15
ENLT:
1.03
CNRG:
0.98
ENLT:
-0.02
CNRG:
-0.13
ENLT:
-0.08
CNRG:
-0.90
ENLT:
10.97%
CNRG:
8.37%
ENLT:
39.47%
CNRG:
30.21%
ENLT:
-54.34%
CNRG:
-59.60%
ENLT:
-36.14%
CNRG:
-56.52%
Returns By Period
In the year-to-date period, ENLT achieves a -1.13% return, which is significantly lower than CNRG's 0.45% return.
ENLT
-1.13%
-0.29%
5.90%
-1.73%
N/A
N/A
CNRG
0.45%
-4.02%
1.04%
-7.22%
2.75%
N/A
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Risk-Adjusted Performance
ENLT vs. CNRG — Risk-Adjusted Performance Rank
ENLT
CNRG
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.
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 1.34%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
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 | 1.34% | 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 -59.60%. Use the drawdown chart below to compare losses from any high point for ENLT and CNRG. For additional features, visit the drawdowns tool.
Volatility
ENLT vs. CNRG - Volatility Comparison
Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a higher volatility of 12.23% compared to SPDR S&P Kensho Clean Power ETF (CNRG) at 10.15%. 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.