ENVX vs. EOSE

Last updated Jun 4, 2026

ENVX (Enovix Corp) and EOSE (Eos Energy Enterprises Inc) are both stocks. Both operate in the Electrical Equipment & Parts industry within the Industrials sector. Over the past 3 years, ENVX returned -12.97%/yr vs 49.99%/yr for EOSE. At a 0.41 correlation, their price movements are largely independent.

Performance

ENVX vs. EOSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enovix Corp (ENVX) and Eos Energy Enterprises Inc (EOSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENVX achieves a 12.59% return, which is significantly higher than EOSE's -28.45% return.

ENVX

• 1D: -4.52%
• 1M: 21.93%
• YTD: 12.59%
• 6M: -1.32%
• 1Y: 18.61%
• 3Y*: -12.97%
• 5Y*: —
• 10Y*: —

EOSE

• 1D: -12.95%
• 1M: 28.53%
• YTD: -28.45%
• 6M: -39.48%
• 1Y: 112.44%
• 3Y*: 49.99%
• 5Y*: -16.33%
• 10Y*: —

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

ENVX vs. EOSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ENVX Enovix Corp	12.59%	-23.14%	-13.18%	0.64%	-54.40%	53.86%
EOSE Eos Energy Enterprises Inc	-28.45%	135.80%	345.87%	-26.35%	-80.32%	-60.38%

Correlation

The correlation between ENVX and EOSE 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	0.41
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.41

Fundamentals

Market Cap ENVX : $1.79B EOSE : $4.47B
EPS ENVX : -$183.56 EOSE : -$1.45
PS Ratio ENVX : 0.23 EOSE : 16.77
Total Revenue (TTM) ENVX : $7.63B EOSE : $160.71M
Gross Profit (TTM) ENVX : $1.56B EOSE : -$163.73M
EBITDA (TTM) ENVX : -$43.98B EOSE : -$858.77M

Return for Risk

ENVX vs. EOSE — Risk / Return Rank

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

ENVX

ENVX Risk / Return Rank: 48
ENVX Sharpe Ratio Rank: 48
ENVX Sortino Ratio Rank: 53
ENVX Omega Ratio Rank: 51
ENVX Calmar Ratio Rank: 46
ENVX Martin Ratio Rank: 44

EOSE

EOSE Risk / Return Rank: 70
EOSE Sharpe Ratio Rank: 71
EOSE Sortino Ratio Rank: 74
EOSE Omega Ratio Rank: 71
EOSE Calmar Ratio Rank: 68
EOSE Martin Ratio Rank: 65

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.

ENVX vs. EOSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enovix Corp (ENVX) and Eos Energy Enterprises Inc (EOSE). 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.

	ENVX	EOSE	Difference
Sharpe ratio: Return per unit of total volatility	0.21	0.99	-0.77
Sortino ratio: Return per unit of downside risk	0.95	1.96	-1.01
Omega ratio: Gain probability vs. loss probability	1.12	1.24	-0.13
Calmar ratio: Return relative to maximum drawdown	0.27	1.47	-1.20
Martin ratio: Return relative to average drawdown	0.40	2.96	-2.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENVX vs. EOSE - Sharpe Ratio Comparison

The current ENVX Sharpe Ratio is 0.21, which is lower than the EOSE Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of ENVX and EOSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENVX	EOSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	0.99	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	-0.02	-0.11

Drawdowns

ENVX vs. EOSE - Drawdown Comparison

The maximum ENVX drawdown since its inception was -84.76%, smaller than the maximum EOSE drawdown of -97.88%. Use the drawdown chart below to compare losses from any high point for ENVX and EOSE.

Drawdown Indicators

	ENVX	EOSE	Difference
Max Drawdown Largest peak-to-trough decline	-84.76%	-97.88%	+13.12%
Max Drawdown (1Y) Largest decline over 1 year	-69.62%	-77.10%	+7.48%
Max Drawdown (3Y) Largest decline over 3 years	-75.42%	-87.18%	+11.76%
Max Drawdown (5Y) Largest decline over 5 years	—	-96.94%	—
Current Drawdown Current decline from peak	-73.74%	-73.06%	-0.68%
Average Drawdown Average peak-to-trough decline	-62.52%	-72.39%	+9.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.68%	38.12%	+8.56%

Volatility

ENVX vs. EOSE - Volatility Comparison

The current volatility for Enovix Corp (ENVX) is 29.00%, while Eos Energy Enterprises Inc (EOSE) has a volatility of 37.17%. This indicates that ENVX experiences smaller price fluctuations and is considered to be less risky than EOSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENVX	EOSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.00%	37.17%	-8.17%
Volatility (6M) Calculated over the trailing 6-month period	57.38%	92.31%	-34.93%
Volatility (1Y) Calculated over the trailing 1-year period	87.19%	114.61%	-27.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.48%	117.03%	-23.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.48%	113.02%	-19.54%

Dividends

ENVX vs. EOSE - Dividend Comparison

Neither ENVX nor EOSE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ENVX and EOSE in my portfolio?

ENVX and EOSE 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, ENVX or EOSE?

EOSE has higher volatility (37.17%) compared to ENVX (29.00%). In terms of maximum drawdown, ENVX dropped -84.76% vs EOSE's -97.88%.

Which has better risk-adjusted returns?

EOSE currently has the higher Sharpe Ratio (0.99 vs 0.21), 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.