HES vs. ENPH

Last updated Jun 4, 2026

HES (Hess Corporation) and ENPH (Enphase Energy, Inc.) are both stocks. HES operates in Oil & Gas E&P (Energy), while ENPH operates in Solar (Technology). At a 0.21 correlation, their price movements are largely independent.

Performance

HES vs. ENPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hess Corporation (HES) and Enphase Energy, Inc. (ENPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HES

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENPH

• 1D: -4.58%
• 1M: 112.11%
• YTD: 115.35%
• 6M: 134.84%
• 1Y: 57.76%
• 3Y*: -27.60%
• 5Y*: -12.52%
• 10Y*: 42.42%

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

HES vs. ENPH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HES Hess Corporation	0.00%	12.77%	-6.49%	2.90%	94.02%	42.08%	-19.14%	67.71%	-13.14%	-22.06%
ENPH Enphase Energy, Inc.	115.35%	-53.33%	-48.02%	-50.13%	44.83%	4.26%	571.53%	452.43%	96.27%	138.61%

Correlation

The correlation between HES and ENPH is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Apr 2, 2012	0.21

The correlation between HES and ENPH shifts across timeframes, from 0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) HES : $12.47B ENPH : $1.40B
Gross Profit (TTM) HES : $7.43B ENPH : $619.16M
EBITDA (TTM) HES : $6.60B ENPH : $189.48M

Return for Risk

HES vs. ENPH — Risk / Return Rank

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

ENPH

ENPH Risk / Return Rank: 65
ENPH Sharpe Ratio Rank: 63
ENPH Sortino Ratio Rank: 67
ENPH Omega Ratio Rank: 66
ENPH Calmar Ratio Rank: 66
ENPH Martin Ratio Rank: 62

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.

HES vs. ENPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hess Corporation (HES) and Enphase Energy, Inc. (ENPH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HES	ENPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.18	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.21	—

Drawdowns

Drawdown Indicators

	HES	ENPH	Difference
Max Drawdown Largest peak-to-trough decline	—	-95.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-43.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-86.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.23%	—
Current Drawdown Current decline from peak	—	-79.46%	—
Average Drawdown Average peak-to-trough decline	—	-50.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.79%	—

Volatility

Volatility by Period

	HES	ENPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	32.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	62.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	84.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	69.64%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	78.14%	—

Dividends

HES vs. ENPH - Dividend Comparison

HES's dividend yield for the trailing twelve months is around 0.34%, while ENPH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENPH Enphase Energy, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HES Hess Corporation	0.34%	0.67%	1.41%	1.21%	1.06%	1.35%	1.89%	1.50%	2.47%	2.11%	1.61%	2.06%

Financials

Frequently Asked Questions

Can I hold both HES and ENPH in my portfolio?

HES and ENPH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.