ENLT vs. UGA
ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) is a stock, while UGA (United States Gasoline Fund LP) is Oil & Gas fund tracking the Front Month Unleaded Gasoline. Over the past 3 years, ENLT returned 70.38%/yr vs 18.95%/yr for UGA. At a correlation of -0.03, they often move in opposite directions.
Performance
ENLT vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, ENLT achieves a 99.21% return, which is significantly higher than UGA's 64.09% return.
ENLT
- 1D
- 5.96%
- 1M
- -1.83%
- YTD
- 99.21%
- 6M
- 100.58%
- 1Y
- 316.56%
- 3Y*
- 70.38%
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
ENLT vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 99.21% | 163.61% | -9.90% | 6.93% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 3.23% |
Correlation
The correlation between ENLT and UGA is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | -0.03 |
The correlation between ENLT and UGA shifts across timeframes, from -0.13 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENLT vs. UGA — Risk / Return Rank
ENLT
UGA
ENLT vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and United States Gasoline Fund LP (UGA). 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 | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.30 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 12.74 | 3.17 | +9.58 |
| Martin ratioReturn relative to average drawdown | 51.47 | 9.39 | +42.07 |
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Drawdowns
ENLT vs. UGA - Drawdown Comparison
The maximum ENLT drawdown since its inception was -39.32%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for ENLT and UGA.
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Drawdown Indicators
| ENLT | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -86.59% | +47.27% |
Max Drawdown (1Y)Largest decline over 1 year | -25.03% | -18.96% | -6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -39.17% | -26.68% | -12.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -15.70% | -18.05% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -36.69% | +24.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 6.43% | -0.25% |
Volatility
ENLT vs. UGA - Volatility Comparison
Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a higher volatility of 25.58% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that ENLT's price experiences larger fluctuations and is considered to be riskier than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENLT | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.58% | 9.24% | +16.34% |
Volatility (6M)Calculated over the trailing 6-month period | 47.00% | 30.57% | +16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.92% | 35.22% | +20.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.29% | 34.45% | +10.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.29% | 37.22% | +8.07% |
Dividends
ENLT vs. UGA - Dividend Comparison
Neither ENLT nor UGA has paid dividends to shareholders.
Frequently Asked Questions
ENLT and UGA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENLT has higher volatility (25.58%) compared to UGA (9.24%). In terms of maximum drawdown, ENLT dropped -39.32% vs UGA's -86.59%.
ENLT currently has the higher Sharpe Ratio (5.71 vs 1.73), 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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