ENOG.L vs. ML.PA
ENOG.L (Energean Oil & Gas plc) and ML.PA (Compagnie Générale des Établissements Michelin Société en commandite par actions) are both stocks. ENOG.L operates in Oil & Gas E&P (Energy), while ML.PA operates in Auto Parts (Consumer Cyclical). Over the past 5 years, ENOG.L returned 6.07%/yr vs 7.24%/yr for ML.PA. At a 0.12 correlation, their price movements are largely independent.
Performance
ENOG.L vs. ML.PA - Performance Comparison
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Different Trading Currencies
ENOG.L is traded in GBp, while ML.PA is traded in EUR. To make them comparable, the ML.PA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENOG.L achieves a -13.13% return, which is significantly lower than ML.PA's 21.14% return.
ENOG.L
- 1D
- -1.13%
- 1M
- -13.13%
- YTD
- -13.13%
- 6M
- -13.18%
- 1Y
- -5.94%
- 3Y*
- -4.02%
- 5Y*
- 6.07%
- 10Y*
- —
ML.PA
- 1D
- 2.77%
- 1M
- 8.17%
- YTD
- 21.14%
- 6M
- 21.39%
- 1Y
- 9.09%
- 3Y*
- 10.56%
- 5Y*
- 7.24%
- 10Y*
- 14.87%
ENOG.L vs. ML.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ENOG.L Energean Oil & Gas plc | -13.13% | -6.16% | 8.39% | -11.22% | 60.17% | 18.55% | -22.45% | 48.02% | 38.39% |
ML.PA Compagnie Générale des Établissements Michelin Société en commandite par actions | 21.14% | -2.39% | -3.02% | 28.00% | -10.88% | 39.49% | 11.27% | 37.60% | -21.34% |
Correlation
The correlation between ENOG.L and ML.PA 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2018 | 0.12 |
The correlation between ENOG.L and ML.PA shifts across timeframes, from -0.13 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENOG.L vs. ML.PA — Risk / Return Rank
ENOG.L
ML.PA
ENOG.L vs. ML.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Energean Oil & Gas plc (ENOG.L) and Compagnie Générale des Établissements Michelin Société en commandite par actions (ML.PA). 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.
| ENOG.L | ML.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.08 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.38 | -0.61 |
| Martin ratioReturn relative to average drawdown | -0.57 | 0.81 | -1.38 |
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Drawdowns
ENOG.L vs. ML.PA - Drawdown Comparison
The maximum ENOG.L drawdown since its inception was -72.41%, which is greater than ML.PA's maximum drawdown of -64.36%. Use the drawdown chart below to compare losses from any high point for ENOG.L and ML.PA.
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Drawdown Indicators
| ENOG.L | ML.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.41% | -64.36% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -25.52% | -19.78% | -5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -34.16% | -26.88% | -7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -43.00% | -32.89% | -10.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.24% | — |
Current DrawdownCurrent decline from peak | -32.98% | -3.95% | -29.03% |
Average DrawdownAverage peak-to-trough decline | -20.65% | -12.46% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.39% | 9.34% | +1.05% |
Volatility
ENOG.L vs. ML.PA - Volatility Comparison
Energean Oil & Gas plc (ENOG.L) has a higher volatility of 8.29% compared to Compagnie Générale des Établissements Michelin Société en commandite par actions (ML.PA) at 5.35%. This indicates that ENOG.L's price experiences larger fluctuations and is considered to be riskier than ML.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENOG.L | ML.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 5.35% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 21.72% | 17.00% | +4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 22.82% | +5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.90% | 24.63% | +12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.22% | 26.48% | +18.74% |
Dividends
ENOG.L vs. ML.PA - Dividend Comparison
ENOG.L's dividend yield for the trailing twelve months is around 9.99%, more than ML.PA's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENOG.L Energean Oil & Gas plc | 9.99% | 10.16% | 7.89% | 11.49% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ML.PA Compagnie Générale des Établissements Michelin Société en commandite par actions | 4.16% | 4.87% | 4.25% | 3.85% | 17.31% | 6.38% | 7.62% | 13.56% | 16.38% | 10.87% | 10.78% | 11.37% |
Financials
ENOG.L vs. ML.PA - Financials Comparison
This section allows you to compare key financial metrics between Energean Oil & Gas plc and Compagnie Générale des Établissements Michelin Société en commandite par actions. 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
Frequently Asked Questions
ENOG.L and ML.PA 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.
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