ENVX vs. NRG

Last updated Apr 2, 2026

Compare and contrast key facts about Enovix Corp (ENVX) and NRG Energy, Inc. (NRG).

Performance

ENVX vs. NRG - Performance Comparison

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

ENVX vs. NRG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ENVX Enovix Corp	-32.01%	-23.14%	-13.18%	0.64%	-54.40%	53.86%
NRG NRG Energy, Inc.	-5.57%	78.91%	78.58%	69.36%	-23.47%	8.76%

Fundamentals

Market Cap ENVX : $1.03B NRG : $29.83B
EPS ENVX : -$759.32 NRG : $4.39
PB Ratio ENVX : 0.00 NRG : 28.93
Total Revenue (TTM) ENVX : $31.82B NRG : $0.00
Gross Profit (TTM) ENVX : $6.11B NRG : $0.00
EBITDA (TTM) ENVX : -$177.20B NRG : $1.80B

Returns By Period

In the year-to-date period, ENVX achieves a -32.01% return, which is significantly lower than NRG's -5.57% return.

ENVX

• 1D: -4.05%
• 1M: -8.81%
• YTD: -32.01%
• 6M: -55.27%
• 1Y: -23.66%
• 3Y*: -27.51%
• 5Y*: —
• 10Y*: —

NRG

• 1D: 2.57%
• 1M: -14.63%
• YTD: -5.57%
• 6M: -6.89%
• 1Y: 54.03%
• 3Y*: 67.36%
• 5Y*: 35.75%
• 10Y*: 30.57%

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

Return for Risk

ENVX vs. NRG — Risk / Return Rank

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

ENVX

ENVX Risk / Return Rank: 31
ENVX Sharpe Ratio Rank: 28
ENVX Sortino Ratio Rank: 33
ENVX Omega Ratio Rank: 33
ENVX Calmar Ratio Rank: 31
ENVX Martin Ratio Rank: 32

NRG

NRG Risk / Return Rank: 76
NRG Sharpe Ratio Rank: 74
NRG Sortino Ratio Rank: 72
NRG Omega Ratio Rank: 72
NRG Calmar Ratio Rank: 82
NRG Martin Ratio Rank: 80

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. NRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enovix Corp (ENVX) and NRG Energy, Inc. (NRG). 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	NRG	Difference
Sharpe ratio Return per unit of total volatility	-0.27	1.02	-1.29
Sortino ratio Return per unit of downside risk	0.20	1.71	-1.51
Omega ratio Gain probability vs. loss probability	1.02	1.23	-0.21
Calmar ratio Return relative to maximum drawdown	-0.32	2.54	-2.86
Martin ratio Return relative to average drawdown	-0.56	6.05	-6.61
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. NRG - Sharpe Ratio Comparison

The current ENVX Sharpe Ratio is -0.27, which is lower than the NRG Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of ENVX and NRG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ENVX	NRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	1.02	-1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	0.38	-0.61

Correlation

The correlation between ENVX and NRG is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ENVX vs. NRG - Dividend Comparison

ENVX has not paid dividends to shareholders, while NRG's dividend yield for the trailing twelve months is around 1.20%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENVX Enovix Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NRG NRG Energy, Inc.	1.20%	1.11%	1.81%	2.92%	4.40%	3.02%	3.20%	0.30%	0.30%	0.42%	1.92%	4.93%

Drawdowns

ENVX vs. NRG - Drawdown Comparison

The maximum ENVX drawdown since its inception was -84.76%, which is greater than NRG's maximum drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for ENVX and NRG.

Drawdown Indicators

	ENVX	NRG	Difference
Max Drawdown Largest peak-to-trough decline	-84.76%	-79.41%	-5.35%
Max Drawdown (1Y) Largest decline over 1 year	-69.62%	-23.26%	-46.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.76%	—
Current Drawdown Current decline from peak	-84.14%	-18.55%	-65.59%
Average Drawdown Average peak-to-trough decline	-61.93%	-28.06%	-33.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.38%	9.75%	+30.63%

Volatility

ENVX vs. NRG - Volatility Comparison

Enovix Corp (ENVX) has a higher volatility of 18.42% compared to NRG Energy, Inc. (NRG) at 15.32%. This indicates that ENVX's price experiences larger fluctuations and is considered to be riskier than NRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENVX	NRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.42%	15.32%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	61.12%	32.27%	+28.85%
Volatility (1Y) Calculated over the trailing 1-year period	88.56%	53.38%	+35.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.67%	39.08%	+54.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.67%	39.02%	+54.65%

Financials