ENPH vs. HES

Last updated Jun 23, 2026

ENPH (Enphase Energy, Inc.) and HES (Hess Corporation) are both stocks. ENPH operates in Solar (Technology), while HES operates in Oil & Gas E&P (Energy). At a 0.21 correlation, their price movements are largely independent.

Performance

ENPH vs. HES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enphase Energy, Inc. (ENPH) and Hess Corporation (HES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ENPH

• 1D: 0.25%
• 1M: -18.15%
• YTD: 63.53%
• 6M: 56.45%
• 1Y: 46.19%
• 3Y*: -30.88%
• 5Y*: -20.99%
• 10Y*: 38.08%

HES

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ENPH vs. HES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENPH Enphase Energy, Inc.	63.53%	-53.33%	-48.02%	-50.13%	44.83%	4.26%	571.53%	452.43%	96.27%	138.61%
HES Hess Corporation	0.00%	12.77%	-6.49%	2.90%	94.02%	42.08%	-19.14%	67.71%	-13.14%	-22.06%

Correlation

The correlation between ENPH and HES is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 30, 2012	0.21

The correlation between ENPH and HES shifts across timeframes, from 0.11 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) ENPH : $1.40B HES : $12.47B
Gross Profit (TTM) ENPH : $619.16M HES : $7.43B
EBITDA (TTM) ENPH : $189.48M HES : $6.60B

Return for Risk

ENPH vs. HES — Risk / Return Rank

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

ENPH

ENPH Risk / Return Rank: 64
ENPH Sharpe Ratio Rank: 61
ENPH Sortino Ratio Rank: 66
ENPH Omega Ratio Rank: 64
ENPH Calmar Ratio Rank: 65
ENPH Martin Ratio Rank: 63

HES

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ENPH vs. HES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enphase Energy, Inc. (ENPH) and Hess Corporation (HES). 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.

	ENPH	HES	Difference
Sharpe ratio: Return per unit of total volatility	0.55	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.17	—	—
Martin ratio: Return relative to average drawdown	2.16	—	—

Drawdowns

Drawdown Indicators

	ENPH	HES	Difference
Max Drawdown Largest peak-to-trough decline	-95.97%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-39.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-86.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.23%	—	—
Current Drawdown Current decline from peak	-84.40%	—	—
Average Drawdown Average peak-to-trough decline	-50.62%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	21.49%	—	—

Volatility

Volatility by Period

	ENPH	HES	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	67.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	84.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.34%	—	—

Dividends

ENPH vs. HES - Dividend Comparison

Neither ENPH nor HES has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENPH Enphase Energy, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HES Hess Corporation	0.00%	0.67%	1.41%	1.21%	1.06%	1.35%	1.89%	1.50%	2.47%	2.11%	1.61%	2.06%

Financials

Frequently Asked Questions

Can I hold both ENPH and HES in my portfolio?

ENPH and HES have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.