ENLT vs. EMA
ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) and EMA (Emera Inc) are both stocks. Both are in the Utilities sector — ENLT in Utilities - Renewable, EMA in Utilities - Regulated Electric. Over the past year, ENLT returned 382.54% vs 20.76% for EMA. At a correlation of -0.01, they often move in opposite directions.
Performance
ENLT vs. EMA - Performance Comparison
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Returns By Period
In the year-to-date period, ENLT achieves a 109.11% return, which is significantly higher than EMA's 5.65% return.
ENLT
- 1D
- 4.48%
- 1M
- 5.03%
- YTD
- 109.11%
- 6M
- 137.83%
- 1Y
- 382.54%
- 3Y*
- 69.79%
- 5Y*
- —
- 10Y*
- —
EMA
- 1D
- -1.29%
- 1M
- -2.87%
- YTD
- 5.65%
- 6M
- 10.36%
- 1Y
- 20.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENLT vs. EMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 109.11% | 147.07% |
EMA Emera Inc | 5.65% | 11.17% |
Correlation
The correlation between ENLT and EMA is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2025 | -0.01 |
Fundamentals
ENLT:
$13.94B
EMA:
$15.54B
ENLT:
$0.68
EMA:
$3.55
ENLT:
140.28
EMA:
14.37
ENLT:
0.70
EMA:
0.46
ENLT:
16.15
EMA:
1.79
ENLT:
6.57
EMA:
1.69
ENLT:
$813.08M
EMA:
$8.59B
ENLT:
$446.15M
EMA:
$2.83B
ENLT:
$670.45M
EMA:
$2.56B
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Return for Risk
ENLT vs. EMA — Risk / Return Rank
ENLT
EMA
ENLT vs. EMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and Emera Inc (EMA). 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 | EMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.27 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 21.44 | 3.52 | +17.93 |
| Martin ratioReturn relative to average drawdown | 73.16 | 9.44 | +63.72 |
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 | EMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.22 | 1.54 | +5.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.49 | 1.38 | +0.11 |
Drawdowns
ENLT vs. EMA - Drawdown Comparison
The maximum ENLT drawdown since its inception was -39.32%, which is greater than EMA's maximum drawdown of -5.93%. Use the drawdown chart below to compare losses from any high point for ENLT and EMA.
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Drawdown Indicators
| ENLT | EMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -5.93% | -33.39% |
Max Drawdown (1Y)Largest decline over 1 year | -17.98% | -5.93% | -12.05% |
Max Drawdown (3Y)Largest decline over 3 years | -39.32% | — | — |
Current DrawdownCurrent decline from peak | -11.51% | -4.74% | -6.77% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -1.76% | -10.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 2.20% | +3.06% |
Volatility
ENLT vs. EMA - Volatility Comparison
Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a higher volatility of 21.08% compared to Emera Inc (EMA) at 4.67%. This indicates that ENLT's price experiences larger fluctuations and is considered to be riskier than EMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENLT | EMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.08% | 4.67% | +16.41% |
Volatility (6M)Calculated over the trailing 6-month period | 43.80% | 10.21% | +33.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.52% | 13.60% | +39.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.44% | 13.72% | +30.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.44% | 13.72% | +30.72% |
Dividends
ENLT vs. EMA - Dividend Comparison
ENLT has not paid dividends to shareholders, while EMA's dividend yield for the trailing twelve months is around 3.87%.
| Position | TTM | 2025 |
|---|---|---|
EMA Emera Inc | 3.87% | 2.12% |
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 0.00% | 0.00% |
Financials
ENLT vs. EMA - Financials Comparison
This section allows you to compare key financial metrics between Enlight Renewable Energy Ltd. Ordinary Shares and Emera 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. EMA - 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%.
EMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Emera Inc reported a gross profit of 756.95M and revenue of 2.48B. Therefore, the gross margin over that period was 30.5%.
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%.
EMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Emera Inc reported an operating income of 626.62M and revenue of 2.48B, resulting in an operating margin of 25.3%.
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%.
EMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Emera Inc reported a net income of 583.50M and revenue of 2.48B, resulting in a net margin of 23.5%.
Frequently Asked Questions
ENLT and EMA have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENLT has higher volatility (21.08%) compared to EMA (4.67%). In terms of maximum drawdown, ENLT dropped -39.32% vs EMA's -5.93%.
ENLT currently has the higher Sharpe Ratio (7.22 vs 1.54), 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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