ENVA vs. SPFI

Last updated Jun 24, 2026

ENVA (Enova International, Inc.) and SPFI (South Plains Financial, Inc.) are both stocks. Both are in the Financial Services sector — ENVA in Credit Services, SPFI in Banks - Regional. Over the past 5 years, ENVA returned 43.15%/yr vs 14.12%/yr for SPFI. At a 0.45 correlation, their price movements are largely independent.

Performance

ENVA vs. SPFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enova International, Inc. (ENVA) and South Plains Financial, Inc. (SPFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENVA achieves a 34.22% return, which is significantly higher than SPFI's 8.16% return.

ENVA

• 1D: 3.05%
• 1M: 33.95%
• YTD: 34.22%
• 6M: 29.33%
• 1Y: 111.46%
• 3Y*: 59.57%
• 5Y*: 43.15%
• 10Y*: 40.24%

SPFI

• 1D: 2.56%
• 1M: 2.74%
• YTD: 8.16%
• 6M: 6.13%
• 1Y: 17.83%
• 3Y*: 24.70%
• 5Y*: 14.12%
• 10Y*: —

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

ENVA vs. SPFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ENVA Enova International, Inc.	34.22%	63.95%	73.19%	44.28%	-6.32%	65.36%	2.95%	-5.54%
SPFI South Plains Financial, Inc.	8.16%	13.56%	22.25%	7.42%	0.68%	48.66%	-8.31%	17.65%

Correlation

The correlation between ENVA and SPFI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 9, 2019	0.45

The correlation between ENVA and SPFI has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

Fundamentals

Market Cap ENVA : $5.56B SPFI : $709.22M
EPS ENVA : $12.29 SPFI : $3.58
PE Ratio ENVA : 17.16 SPFI : 11.64
PEG Ratio ENVA : 0.93 SPFI : 3.29
PS Ratio ENVA : 1.71 SPFI : 3.15
PB Ratio ENVA : 3.97 SPFI : 1.40
Total Revenue (TTM) ENVA : $3.28B SPFI : $224.70M
Gross Profit (TTM) ENVA : $1.23B SPFI : $156.32M
EBITDA (TTM) ENVA : $456.13M SPFI : $61.25M

Return for Risk

ENVA vs. SPFI — Risk / Return Rank

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

ENVA

ENVA Risk / Return Rank: 92
ENVA Sharpe Ratio Rank: 95
ENVA Sortino Ratio Rank: 92
ENVA Omega Ratio Rank: 91
ENVA Calmar Ratio Rank: 91
ENVA Martin Ratio Rank: 90

SPFI

SPFI Risk / Return Rank: 63
SPFI Sharpe Ratio Rank: 64
SPFI Sortino Ratio Rank: 58
SPFI Omega Ratio Rank: 57
SPFI Calmar Ratio Rank: 68
SPFI Martin Ratio Rank: 68

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.

ENVA vs. SPFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enova International, Inc. (ENVA) and South Plains Financial, Inc. (SPFI). 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.

	ENVA	SPFI	Difference
Sharpe ratio: Return per unit of total volatility	2.91	0.65	+2.26
Sortino ratio: Return per unit of downside risk	3.45	1.11	+2.34
Omega ratio: Gain probability vs. loss probability	1.44	1.14	+0.30
Calmar ratio: Return relative to maximum drawdown	4.53	1.35	+3.18
Martin ratio: Return relative to average drawdown	11.69	2.82	+8.87

ENVA vs. SPFI - Sharpe Ratio Comparison

The current ENVA Sharpe Ratio is 2.91, which is higher than the SPFI Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of ENVA and SPFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENVA vs. SPFI - Drawdown Comparison

The maximum ENVA drawdown since its inception was -84.26%, which is greater than SPFI's maximum drawdown of -46.51%. Use the drawdown chart below to compare losses from any high point for ENVA and SPFI.

Drawdown Indicators

	ENVA	SPFI	Difference
Max Drawdown Largest peak-to-trough decline	-84.26%	-46.51%	-37.75%
Max Drawdown (1Y) Largest decline over 1 year	-24.75%	-13.25%	-11.50%
Max Drawdown (3Y) Largest decline over 3 years	-37.01%	-23.82%	-13.19%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	-38.59%	-4.25%
Max Drawdown (10Y) Largest decline over 10 years	-77.57%	—	—
Current Drawdown Current decline from peak	0.00%	-6.25%	+6.25%
Average Drawdown Average peak-to-trough decline	-31.75%	-12.27%	-19.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.57%	6.34%	+3.23%

Volatility

ENVA vs. SPFI - Volatility Comparison

Enova International, Inc. (ENVA) has a higher volatility of 10.02% compared to South Plains Financial, Inc. (SPFI) at 6.54%. This indicates that ENVA's price experiences larger fluctuations and is considered to be riskier than SPFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENVA	SPFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	6.54%	+3.48%
Volatility (6M) Calculated over the trailing 6-month period	26.62%	17.75%	+8.87%
Volatility (1Y) Calculated over the trailing 1-year period	38.58%	27.63%	+10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.27%	28.42%	+11.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.23%	37.57%	+11.66%

Dividends

ENVA vs. SPFI - Dividend Comparison

ENVA has not paid dividends to shareholders, while SPFI's dividend yield for the trailing twelve months is around 1.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ENVA Enova International, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPFI South Plains Financial, Inc.	1.59%	1.60%	1.61%	1.80%	1.67%	1.08%	0.74%	0.29%

Financials

Frequently Asked Questions

Can I hold both ENVA and SPFI in my portfolio?

ENVA and SPFI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENVA or SPFI?

ENVA has higher volatility (10.02%) compared to SPFI (6.54%). In terms of maximum drawdown, ENVA dropped -84.26% vs SPFI's -46.51%.

Which has better risk-adjusted returns?

ENVA currently has the higher Sharpe Ratio (2.91 vs 0.65), 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.