ENVX vs. REMX
ENVX (Enovix Corp) is a stock, while REMX (VanEck Rare Earth and Strategic Metals ETF) is Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Over the past 3 years, ENVX returned -21.04%/yr vs 5.17%/yr for REMX. At a 0.42 correlation, their price movements are largely independent.
Performance
ENVX vs. REMX - Performance Comparison
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Returns By Period
In the year-to-date period, ENVX achieves a -18.74% return, which is significantly lower than REMX's 22.66% return.
ENVX
- 1D
- -6.16%
- 1M
- -11.08%
- YTD
- -18.74%
- 6M
- -28.17%
- 1Y
- -21.06%
- 3Y*
- -21.04%
- 5Y*
- —
- 10Y*
- —
REMX
- 1D
- -1.25%
- 1M
- -6.35%
- YTD
- 22.66%
- 6M
- 19.10%
- 1Y
- 131.97%
- 3Y*
- 5.17%
- 5Y*
- 3.96%
- 10Y*
- 9.95%
ENVX vs. REMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ENVX Enovix Corp | -18.74% | -23.14% | -13.18% | 0.64% | -54.40% | 26.88% |
REMX VanEck Rare Earth and Strategic Metals ETF | 22.66% | 92.95% | -35.02% | -19.18% | -31.13% | 24.17% |
Correlation
The correlation between ENVX and REMX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.42 |
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Return for Risk
ENVX vs. REMX — Risk / Return Rank
ENVX
REMX
ENVX vs. REMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enovix Corp (ENVX) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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.
| ENVX | REMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 5.68 | -5.99 |
| Martin ratioReturn relative to average drawdown | -0.43 | 14.86 | -15.30 |
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Drawdowns
ENVX vs. REMX - Drawdown Comparison
The maximum ENVX drawdown since its inception was -84.76%, smaller than the maximum REMX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for ENVX and REMX.
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Drawdown Indicators
| ENVX | REMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.76% | -90.20% | +5.44% |
Max Drawdown (1Y)Largest decline over 1 year | -69.62% | -23.35% | -46.27% |
Max Drawdown (3Y)Largest decline over 3 years | -75.42% | -62.11% | -13.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.34% | — |
Current DrawdownCurrent decline from peak | -81.05% | -58.48% | -22.57% |
Average DrawdownAverage peak-to-trough decline | -63.06% | -66.82% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.56% | 8.91% | +39.65% |
Volatility
ENVX vs. REMX - Volatility Comparison
Enovix Corp (ENVX) has a higher volatility of 28.84% compared to VanEck Rare Earth and Strategic Metals ETF (REMX) at 16.68%. This indicates that ENVX's price experiences larger fluctuations and is considered to be riskier than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENVX | REMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.84% | 16.68% | +12.16% |
Volatility (6M)Calculated over the trailing 6-month period | 59.21% | 37.37% | +21.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.25% | 50.00% | +39.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.89% | 40.71% | +53.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.89% | 37.15% | +56.74% |
Dividends
ENVX vs. REMX - Dividend Comparison
ENVX has not paid dividends to shareholders, while REMX's dividend yield for the trailing twelve months is around 1.43%.
| Position | 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% |
REMX VanEck Rare Earth and Strategic Metals ETF | 1.43% | 1.76% | 2.56% | 0.00% | 1.56% | 5.25% | 0.81% | 1.64% | 12.43% | 2.89% | 2.23% | 4.77% |
Frequently Asked Questions
ENVX and REMX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENVX has higher volatility (28.84%) compared to REMX (16.68%). In terms of maximum drawdown, ENVX dropped -84.76% vs REMX's -90.20%.
REMX currently has the higher Sharpe Ratio (2.66 vs -0.24), 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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