ENLT vs. LITE
ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) and LITE (Lumentum Holdings Inc.) are both stocks. ENLT operates in Utilities - Renewable (Utilities), while LITE operates in Communication Equipment (Technology). Over the past 3 years, ENLT returned 65.15%/yr vs 140.32%/yr for LITE. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
ENLT vs. LITE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ENLT achieves a 85.79% return, which is significantly lower than LITE's 93.69% return.
ENLT
- 1D
- -1.54%
- 1M
- 0.24%
- 6M
- 51.99%
- YTD
- 85.79%
- 1Y
- 245.02%
- 3Y*
- 65.15%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 56.40%
LITE
- 1D
- 2.99%
- 1M
- -1.97%
- 6M
- 82.20%
- YTD
- 93.69%
- 1Y
- 569.24%
- 3Y*
- 140.32%
- 5Y*
- 53.42%
- 10Y*
- 37.52%
- ALL TIME*
- 36.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.31M | $17.42M | $21.87M | |
| $3.39B | $3.22B | $4.79B |
ENLT vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 85.79% | 163.61% | -9.90% | 6.93% |
LITE Lumentum Holdings Inc. | 93.69% | 339.06% | 60.15% | -13.07% |
Correlation
The correlation between ENLT and LITE is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.20 |
Fundamentals
ENLT:
$11.81B
LITE:
$55.54B
ENLT:
$0.66
LITE:
$5.03
ENLT:
127.33
LITE:
141.90
ENLT:
14.66
LITE:
25.09
ENLT:
5.84
LITE:
23.10
ENLT:
$813.08M
LITE:
$2.49B
ENLT:
$446.15M
LITE:
$938.50M
ENLT:
$670.45M
LITE:
$470.10M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENLT vs. LITE — Risk / Return Rank
ENLT
LITE
ENLT vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and Lumentum Holdings Inc. (LITE). 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 | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.50 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 9.77 | 12.93 | -3.16 |
| Martin ratioReturn relative to average drawdown | 28.99 | 44.86 | -15.88 |
Loading charts...
Drawdowns
ENLT vs. LITE - Drawdown Comparison
The maximum ENLT drawdown since its inception was -39.32%, smaller than the maximum LITE drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for ENLT and LITE.
Loading charts...
Drawdown Indicators
| ENLT | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -66.89% | +27.57% |
Max Drawdown (1Y)Largest decline over 1 year | -25.03% | -42.80% | +17.77% |
Max Drawdown (3Y)Largest decline over 3 years | -34.67% | -50.63% | +15.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.89% | — |
Current DrawdownCurrent decline from peak | -21.37% | -32.21% | +10.84% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -23.59% | +11.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.43% | 12.31% | -3.88% |
Volatility
ENLT vs. LITE - Volatility Comparison
The current volatility for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) is 19.28%, while Lumentum Holdings Inc. (LITE) has a volatility of 31.86%. This indicates that ENLT experiences smaller price fluctuations and is considered to be less risky than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENLT | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.28% | 31.86% | -12.58% |
Volatility (6M)Calculated over the trailing 6-month period | 49.12% | 70.58% | -21.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.31% | 93.02% | -35.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.82% | 61.98% | -16.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.82% | 57.45% | -11.63% |
Dividends
ENLT vs. LITE - Dividend Comparison
Neither ENLT nor LITE has paid dividends to shareholders.
Financials
ENLT vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Enlight Renewable Energy Ltd. Ordinary Shares and Lumentum Holdings 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. LITE - Profitability Comparison
ENLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
LITE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Lumentum Holdings Inc. reported a gross profit of 357.00M and revenue of 808.40M. Therefore, the gross margin over that period was 44.2%.
ENLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
LITE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lumentum Holdings Inc. reported an operating income of 174.50M and revenue of 808.40M, resulting in an operating margin of 21.6%.
ENLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
LITE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Lumentum Holdings Inc. reported a net income of 144.20M and revenue of 808.40M, resulting in a net margin of 17.8%.
Frequently Asked Questions
ENLT and LITE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (31.86%) compared to ENLT (19.28%). In terms of maximum drawdown, ENLT dropped -39.32% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (5.95 vs 4.27), 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.
Find the right allocation for ENLT and LITE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer