ENPH vs. PH
ENPH (Enphase Energy, Inc.) and PH (Parker-Hannifin Corporation) are both stocks. ENPH operates in Solar (Technology), while PH operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, ENPH returned 39.19%/yr vs 25.12%/yr for PH. At a 0.27 correlation, their price movements are largely independent.
Performance
ENPH vs. PH - Performance Comparison
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Returns By Period
In the year-to-date period, ENPH achieves a 70.33% return, which is significantly higher than PH's 3.21% return. Over the past 10 years, ENPH has outperformed PH with an annualized return of 39.19%, while PH has yielded a comparatively lower 25.12% annualized return.
ENPH
- 1D
- -0.62%
- 1M
- 29.98%
- YTD
- 70.33%
- 6M
- 69.64%
- 1Y
- 22.14%
- 3Y*
- -32.77%
- 5Y*
- -17.99%
- 10Y*
- 39.19%
PH
- 1D
- 0.12%
- 1M
- 2.39%
- YTD
- 3.21%
- 6M
- 2.52%
- 1Y
- 36.66%
- 3Y*
- 36.33%
- 5Y*
- 26.12%
- 10Y*
- 25.12%
ENPH vs. PH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENPH Enphase Energy, Inc. | 70.33% | -53.33% | -48.02% | -50.13% | 44.83% | 4.26% | 571.53% | 452.43% | 96.27% | 138.61% |
PH Parker-Hannifin Corporation | 3.21% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
Correlation
The correlation between ENPH and PH is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2012 | 0.27 |
Fundamentals
ENPH:
$7.17B
PH:
$115.65B
ENPH:
$0.92
PH:
$27.11
ENPH:
59.58
PH:
33.33
ENPH:
1.36
PH:
1.41
ENPH:
5.20
PH:
5.53
ENPH:
6.50
PH:
7.43
ENPH:
$1.40B
PH:
$20.99B
ENPH:
$619.16M
PH:
$7.81B
ENPH:
$189.48M
PH:
$5.31B
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Return for Risk
ENPH vs. PH — Risk / Return Rank
ENPH
PH
ENPH vs. PH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enphase Energy, Inc. (ENPH) and Parker-Hannifin Corporation (PH). 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 | PH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.90 | -1.39 |
| Martin ratioReturn relative to average drawdown | 0.92 | 5.64 | -4.72 |
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Drawdowns
ENPH vs. PH - Drawdown Comparison
The maximum ENPH drawdown since its inception was -95.97%, which is greater than PH's maximum drawdown of -66.92%. Use the drawdown chart below to compare losses from any high point for ENPH and PH.
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Drawdown Indicators
| ENPH | PH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.97% | -66.92% | -29.05% |
Max Drawdown (1Y)Largest decline over 1 year | -43.13% | -19.34% | -23.79% |
Max Drawdown (3Y)Largest decline over 3 years | -86.23% | -26.79% | -59.44% |
Max Drawdown (5Y)Largest decline over 5 years | -92.23% | -28.64% | -63.59% |
Max Drawdown (10Y)Largest decline over 10 years | -92.23% | -54.68% | -37.55% |
Current DrawdownCurrent decline from peak | -83.75% | -11.49% | -72.26% |
Average DrawdownAverage peak-to-trough decline | -50.57% | -15.33% | -35.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.10% | 6.52% | +17.58% |
Volatility
ENPH vs. PH - Volatility Comparison
Enphase Energy, Inc. (ENPH) has a higher volatility of 40.41% compared to Parker-Hannifin Corporation (PH) at 7.58%. This indicates that ENPH's price experiences larger fluctuations and is considered to be riskier than PH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENPH | PH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.41% | 7.58% | +32.83% |
Volatility (6M)Calculated over the trailing 6-month period | 66.31% | 18.96% | +47.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.85% | 25.10% | +61.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.23% | 28.68% | +41.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.26% | 31.70% | +46.56% |
Dividends
ENPH vs. PH - Dividend Comparison
ENPH has not paid dividends to shareholders, while PH's dividend yield for the trailing twelve months is around 0.82%.
| 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% |
PH Parker-Hannifin Corporation | 0.82% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
ENPH vs. PH - Financials Comparison
This section allows you to compare key financial metrics between Enphase Energy, Inc. and Parker-Hannifin Corporation. 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
ENPH vs. PH - Profitability Comparison
ENPH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enphase Energy, Inc. reported a gross profit of 100.39M and revenue of 282.90M. Therefore, the gross margin over that period was 35.5%.
PH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a gross profit of 2.02B and revenue of 5.49B. Therefore, the gross margin over that period was 36.8%.
ENPH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enphase Energy, Inc. reported an operating income of -29.64M and revenue of 282.90M, resulting in an operating margin of -10.5%.
PH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported an operating income of 1.13B and revenue of 5.49B, resulting in an operating margin of 20.7%.
ENPH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enphase Energy, Inc. reported a net income of -20.31M and revenue of 282.90M, resulting in a net margin of -7.2%.
PH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Parker-Hannifin Corporation reported a net income of 904.00M and revenue of 5.49B, resulting in a net margin of 16.5%.
Frequently Asked Questions
ENPH and PH have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENPH has higher volatility (40.41%) compared to PH (7.58%). In terms of maximum drawdown, ENPH dropped -95.97% vs PH's -66.92%.
PH currently has the higher Sharpe Ratio (1.47 vs 0.26), 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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