ENLT vs. MU

Last updated Jun 13, 2026

ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) and MU (Micron Technology, Inc.) are both stocks. ENLT operates in Utilities - Renewable (Utilities), while MU operates in Semiconductors (Technology). Over the past 3 years, ENLT returned 68.44%/yr vs 144.69%/yr for MU. At a 0.22 correlation, their price movements are largely independent.

Performance

ENLT vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and Micron Technology, Inc. (MU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENLT achieves a 110.58% return, which is significantly lower than MU's 244.07% return.

ENLT

• 1D: 1.62%
• 1M: 3.93%
• YTD: 110.58%
• 6M: 146.73%
• 1Y: 412.20%
• 3Y*: 68.44%
• 5Y*: —
• 10Y*: —

MU

• 1D: -1.43%
• 1M: 22.15%
• YTD: 244.07%
• 6M: 307.41%
• 1Y: 746.93%
• 3Y*: 144.69%
• 5Y*: 66.21%
• 10Y*: 55.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENLT vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ENLT Enlight Renewable Energy Ltd. Ordinary Shares	110.58%	163.61%	-9.90%	6.93%
MU Micron Technology, Inc.	244.07%	240.24%	-0.96%	42.79%

Correlation

The correlation between ENLT and MU is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023	0.22

The correlation between ENLT and MU shifts across timeframes, from 0.22 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ENLT : $14.04B MU : $1.12T
EPS ENLT : $0.68 MU : $21.26
PE Ratio ENLT : 141.27 MU : 46.18
PEG Ratio ENLT : 0.70 MU : 0.17
PS Ratio ENLT : 16.27 MU : 19.16
PB Ratio ENLT : 6.62 MU : 15.44
Total Revenue (TTM) ENLT : $813.08M MU : $58.12B
Gross Profit (TTM) ENLT : $446.15M MU : $33.96B
EBITDA (TTM) ENLT : $670.45M MU : $25.99B

Return for Risk

ENLT vs. MU — Risk / Return Rank

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

ENLT

ENLT Risk / Return Rank: 99
ENLT Sharpe Ratio Rank: 100
ENLT Sortino Ratio Rank: 99
ENLT Omega Ratio Rank: 98
ENLT Calmar Ratio Rank: 100
ENLT Martin Ratio Rank: 100

MU

MU Risk / Return Rank: 99
MU Sharpe Ratio Rank: 100
MU Sortino Ratio Rank: 99
MU Omega Ratio Rank: 98
MU Calmar Ratio Rank: 100
MU Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENLT vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and Micron Technology, Inc. (MU). 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	MU	Difference
Sharpe ratio: Return per unit of total volatility	7.68	10.83	-3.15
Sortino ratio: Return per unit of downside risk	5.50	6.14	-0.64
Omega ratio: Gain probability vs. loss probability	1.74	1.78	-0.04
Calmar ratio: Return relative to maximum drawdown	23.11	24.91	-1.80
Martin ratio: Return relative to average drawdown	75.84	94.64	-18.79

ENLT vs. MU - Sharpe Ratio Comparison

The current ENLT Sharpe Ratio is 7.68, which is comparable to the MU Sharpe Ratio of 10.83. The chart below compares the historical Sharpe Ratios of ENLT and MU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENLT vs. MU - Drawdown Comparison

The maximum ENLT drawdown since its inception was -39.32%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for ENLT and MU.

Drawdown Indicators

	ENLT	MU	Difference
Max Drawdown Largest peak-to-trough decline	-39.32%	-98.25%	+58.93%
Max Drawdown (1Y) Largest decline over 1 year	-17.98%	-30.28%	+12.30%
Max Drawdown (3Y) Largest decline over 3 years	-39.32%	-57.63%	+18.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-57.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.63%	—
Current Drawdown Current decline from peak	-10.88%	-9.07%	-1.81%
Average Drawdown Average peak-to-trough decline	-11.87%	-58.16%	+46.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	7.95%	-2.48%

Volatility

ENLT vs. MU - Volatility Comparison

The current volatility for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) is 22.24%, while Micron Technology, Inc. (MU) has a volatility of 32.86%. This indicates that ENLT experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENLT	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.24%	32.86%	-10.62%
Volatility (6M) Calculated over the trailing 6-month period	44.74%	57.74%	-13.00%
Volatility (1Y) Calculated over the trailing 1-year period	54.27%	69.66%	-15.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.63%	53.18%	-8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.63%	50.12%	-5.49%

Dividends

ENLT vs. MU - Dividend Comparison

ENLT has not paid dividends to shareholders, while MU's dividend yield for the trailing twelve months is around 0.05%.

Position	TTM	2025	2024	2023	2022	2021
ENLT Enlight Renewable Energy Ltd. Ordinary Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MU Micron Technology, Inc.	0.05%	0.16%	0.55%	0.54%	0.89%	0.21%

Financials

ENLT vs. MU - Profitability Comparison

The chart below illustrates the profitability comparison between Enlight Renewable Energy Ltd. Ordinary Shares and Micron Technology, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

MU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported a gross profit of 17.75B and revenue of 23.86B. Therefore, the gross margin over that period was 74.4%.

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%.

MU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported an operating income of 16.13B and revenue of 23.86B, resulting in an operating margin of 67.6%.

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%.

MU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported a net income of 13.79B and revenue of 23.86B, resulting in a net margin of 57.8%.

Frequently Asked Questions

Can I hold both ENLT and MU in my portfolio?

ENLT and MU have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENLT or MU?

MU has higher volatility (32.86%) compared to ENLT (22.24%). In terms of maximum drawdown, ENLT dropped -39.32% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (10.83 vs 7.68), 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.