ENLT vs. RENX

Last updated Jun 5, 2026

ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) and RENX (RenX Enterprises Corp.) are both stocks. ENLT operates in Utilities - Renewable (Utilities), while RENX operates in Real Estate - Development (Real Estate). Over the past year, ENLT returned 376.05% vs -91.05% for RENX. At a 0.08 correlation, their price movements are largely independent.

Performance

ENLT vs. RENX - Performance Comparison

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

Returns By Period

In the year-to-date period, ENLT achieves a 109.02% return, which is significantly higher than RENX's -53.95% return.

ENLT

• 1D: -0.97%
• 1M: 4.76%
• YTD: 109.02%
• 6M: 131.02%
• 1Y: 376.05%
• 3Y*: 72.32%
• 5Y*: —
• 10Y*: —

RENX

• 1D: 2.34%
• 1M: -17.06%
• YTD: -53.95%
• 6M: -91.67%
• 1Y: -91.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ENLT vs. RENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ENLT Enlight Renewable Energy Ltd. Ordinary Shares	109.02%	163.61%	-9.90%	16.28%
RENX RenX Enterprises Corp.	-53.95%	-92.15%	-90.46%	-78.79%

Correlation

The correlation between ENLT and RENX is 0.10, 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	0.10
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	0.08

Fundamentals

Market Cap ENLT : $13.94B RENX : $852.21K
EPS ENLT : $0.68 RENX : -$52.14
PS Ratio ENLT : 16.15 RENX : 0.06
PB Ratio ENLT : 6.57 RENX : 0.69
Total Revenue (TTM) ENLT : $813.08M RENX : $12.16M
Gross Profit (TTM) ENLT : $446.15M RENX : $3.14M
EBITDA (TTM) ENLT : $670.45M RENX : -$9.71M

Return for Risk

ENLT vs. RENX — 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: 99
ENLT Sortino Ratio Rank: 98
ENLT Omega Ratio Rank: 97
ENLT Calmar Ratio Rank: 99
ENLT Martin Ratio Rank: 100

RENX

RENX Risk / Return Rank: 14
RENX Sharpe Ratio Rank: 20
RENX Sortino Ratio Rank: 18
RENX Omega Ratio Rank: 19
RENX Calmar Ratio Rank: 4
RENX Martin Ratio Rank: 11

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. RENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and RenX Enterprises Corp. (RENX). 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	RENX	Difference
Sharpe ratio: Return per unit of total volatility	7.14	-0.49	+7.63
Sortino ratio: Return per unit of downside risk	5.43	-0.60	+6.03
Omega ratio: Gain probability vs. loss probability	1.72	0.93	+0.80
Calmar ratio: Return relative to maximum drawdown	21.08	-0.95	+22.02
Martin ratio: Return relative to average drawdown	73.88	-1.32	+75.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENLT vs. RENX - Sharpe Ratio Comparison

The current ENLT Sharpe Ratio is 7.14, which is higher than the RENX Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of ENLT and RENX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENLT	RENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.14	-0.49	+7.63
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	-0.25	+1.75

Drawdowns

ENLT vs. RENX - Drawdown Comparison

The maximum ENLT drawdown since its inception was -39.32%, smaller than the maximum RENX drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for ENLT and RENX.

Drawdown Indicators

	ENLT	RENX	Difference
Max Drawdown Largest peak-to-trough decline	-39.32%	-99.94%	+60.62%
Max Drawdown (1Y) Largest decline over 1 year	-17.98%	-96.32%	+78.34%
Max Drawdown (3Y) Largest decline over 3 years	-39.32%	—	—
Current Drawdown Current decline from peak	-11.54%	-99.93%	+88.39%
Average Drawdown Average peak-to-trough decline	-11.88%	-94.37%	+82.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	68.96%	-63.82%

Volatility

ENLT vs. RENX - Volatility Comparison

The current volatility for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) is 22.70%, while RenX Enterprises Corp. (RENX) has a volatility of 40.08%. This indicates that ENLT experiences smaller price fluctuations and is considered to be less risky than RENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENLT	RENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.70%	40.08%	-17.38%
Volatility (6M) Calculated over the trailing 6-month period	43.47%	158.87%	-115.40%
Volatility (1Y) Calculated over the trailing 1-year period	53.09%	185.29%	-132.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.36%	370.72%	-326.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.36%	370.72%	-326.36%

Dividends

ENLT vs. RENX - Dividend Comparison

Neither ENLT nor RENX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ENLT and RENX in my portfolio?

ENLT and RENX have a correlation of 0.10, 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 RENX?

RENX has higher volatility (40.08%) compared to ENLT (22.70%). In terms of maximum drawdown, ENLT dropped -39.32% vs RENX's -99.94%.

Which has better risk-adjusted returns?

ENLT currently has the higher Sharpe Ratio (7.14 vs -0.49), 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.