GNG.AX vs. ENEL.MI
GNG.AX (GR Engineering Services Limited) and ENEL.MI (Enel SpA) are both stocks. GNG.AX operates in Engineering & Construction (Industrials), while ENEL.MI operates in Utilities - Diversified (Utilities). Over the past 10 years, GNG.AX returned 27.10%/yr vs 15.95%/yr for ENEL.MI. At a correlation of -0.00, they often move in opposite directions.
Performance
GNG.AX vs. ENEL.MI - Performance Comparison
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Different Trading Currencies
GNG.AX is traded in AUD, while ENEL.MI is traded in EUR. To make them comparable, the ENEL.MI values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GNG.AX achieves a 23.82% return, which is significantly higher than ENEL.MI's 2.96% return. Over the past 10 years, GNG.AX has outperformed ENEL.MI with an annualized return of 27.10%, while ENEL.MI has yielded a comparatively lower 15.95% annualized return.
GNG.AX
- 1D
- -5.16%
- 1M
- 17.23%
- YTD
- 23.82%
- 6M
- 28.74%
- 1Y
- 102.34%
- 3Y*
- 47.98%
- 5Y*
- 40.17%
- 10Y*
- 27.10%
ENEL.MI
- 1D
- 0.00%
- 1M
- -0.07%
- YTD
- 2.96%
- 6M
- 4.24%
- 1Y
- 17.64%
- 3Y*
- 24.17%
- 5Y*
- 10.96%
- 10Y*
- 15.95%
GNG.AX vs. ENEL.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GNG.AX GR Engineering Services Limited | 23.82% | 91.49% | 22.04% | 18.42% | 5.73% | 85.28% | 61.96% | -20.65% | -19.84% | 9.39% |
ENEL.MI Enel SpA | 2.96% | 43.43% | 11.86% | 47.25% | -23.37% | -13.17% | 21.87% | 45.15% | 8.83% | 34.44% |
Correlation
The correlation between GNG.AX and ENEL.MI is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2011 | -0.00 |
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Return for Risk
GNG.AX vs. ENEL.MI — Risk / Return Rank
GNG.AX
ENEL.MI
GNG.AX vs. ENEL.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GR Engineering Services Limited (GNG.AX) and Enel SpA (ENEL.MI). 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.
| GNG.AX | ENEL.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 1.72 | +1.91 |
| Martin ratioReturn relative to average drawdown | 9.04 | 4.28 | +4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GNG.AX | ENEL.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 0.98 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.50 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.69 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.33 | +0.01 |
Drawdowns
GNG.AX vs. ENEL.MI - Drawdown Comparison
The maximum GNG.AX drawdown since its inception was -80.75%, which is greater than ENEL.MI's maximum drawdown of -66.14%. Use the drawdown chart below to compare losses from any high point for GNG.AX and ENEL.MI.
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Drawdown Indicators
| GNG.AX | ENEL.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.75% | -66.14% | -14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -27.29% | -11.16% | -16.13% |
Max Drawdown (3Y)Largest decline over 3 years | -27.29% | -13.91% | -13.38% |
Max Drawdown (5Y)Largest decline over 5 years | -27.29% | -49.62% | +22.33% |
Max Drawdown (10Y)Largest decline over 10 years | -61.73% | -51.20% | -10.53% |
Current DrawdownCurrent decline from peak | -9.52% | -7.52% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -30.41% | -18.34% | -12.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.08% | 4.47% | +6.61% |
Volatility
GNG.AX vs. ENEL.MI - Volatility Comparison
GR Engineering Services Limited (GNG.AX) has a higher volatility of 13.32% compared to Enel SpA (ENEL.MI) at 4.53%. This indicates that GNG.AX's price experiences larger fluctuations and is considered to be riskier than ENEL.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GNG.AX | ENEL.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.32% | 4.53% | +8.79% |
Volatility (6M)Calculated over the trailing 6-month period | 34.94% | 16.78% | +18.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.17% | 19.65% | +25.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.00% | 21.61% | +14.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.01% | 22.81% | +18.20% |
Dividends
GNG.AX vs. ENEL.MI - Dividend Comparison
GNG.AX's dividend yield for the trailing twelve months is around 2.18%, less than ENEL.MI's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENEL.MI Enel SpA | 5.00% | 4.98% | 5.44% | 5.56% | 7.55% | 5.08% | 3.96% | 3.96% | 4.70% | 3.51% | 3.82% | 3.60% |
GNG.AX GR Engineering Services Limited | 2.18% | 4.94% | 7.69% | 8.56% | 9.31% | 5.71% | 4.92% | 7.50% | 10.28% | 3.47% | 7.35% | 6.41% |
Financials
GNG.AX vs. ENEL.MI - Financials Comparison
This section allows you to compare key financial metrics between GR Engineering Services Limited and Enel SpA. 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
Frequently Asked Questions
GNG.AX and ENEL.MI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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