IG.MI vs. ENEL.MI
IG.MI (Italgas SpA) and ENEL.MI (Enel SpA) are both stocks. Both are in the Utilities sector — IG.MI in Utilities - Regulated Gas, ENEL.MI in Utilities - Diversified. Over the past 5 years, IG.MI returned 17.70%/yr vs 10.28%/yr for ENEL.MI. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
IG.MI vs. ENEL.MI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IG.MI achieves a 8.46% return, which is significantly lower than ENEL.MI's 9.47% return.
IG.MI
- 1D
- 0.67%
- 1M
- 2.48%
- YTD
- 8.46%
- 6M
- 9.03%
- 1Y
- 48.49%
- 3Y*
- 27.50%
- 5Y*
- 17.70%
- 10Y*
- —
ENEL.MI
- 1D
- -1.01%
- 1M
- -2.01%
- YTD
- 9.47%
- 6M
- 9.89%
- 1Y
- 24.47%
- 3Y*
- 23.58%
- 5Y*
- 10.28%
- 10Y*
- 14.44%
IG.MI vs. ENEL.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IG.MI Italgas SpA | 8.46% | 84.30% | 10.38% | 4.55% | -10.83% | 21.18% | -0.30% | 12.75% | 1.66% | 41.15% |
ENEL.MI Enel SpA | 9.47% | 37.33% | 9.21% | 43.23% | -23.69% | -11.12% | 21.93% | 47.28% | 0.56% | 25.73% |
Correlation
The correlation between IG.MI and ENEL.MI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2016 | 0.57 |
The correlation between IG.MI and ENEL.MI has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IG.MI vs. ENEL.MI — Risk / Return Rank
IG.MI
ENEL.MI
IG.MI vs. ENEL.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Italgas SpA (IG.MI) 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.
| IG.MI | ENEL.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.21 | +1.44 |
| Martin ratioReturn relative to average drawdown | 10.57 | 6.71 | +3.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IG.MI | ENEL.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.28 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.48 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.30 | +0.36 |
Drawdowns
IG.MI vs. ENEL.MI - Drawdown Comparison
The maximum IG.MI drawdown since its inception was -34.67%, smaller than the maximum ENEL.MI drawdown of -58.83%. Use the drawdown chart below to compare losses from any high point for IG.MI and ENEL.MI.
Loading charts...
Drawdown Indicators
| IG.MI | ENEL.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -58.83% | +24.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -11.06% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -13.49% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -47.05% | +21.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.08% | — |
Current DrawdownCurrent decline from peak | -7.69% | -7.00% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -16.50% | +8.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 3.64% | +0.95% |
Volatility
IG.MI vs. ENEL.MI - Volatility Comparison
The current volatility for Italgas SpA (IG.MI) is 5.23%, while Enel SpA (ENEL.MI) has a volatility of 6.06%. This indicates that IG.MI experiences smaller price fluctuations and is considered to be less risky than ENEL.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IG.MI | ENEL.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 6.06% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.93% | 17.20% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.49% | 19.17% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 21.07% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 22.80% | -0.22% |
Dividends
IG.MI vs. ENEL.MI - Dividend Comparison
IG.MI's dividend yield for the trailing twelve months is around 4.37%, less than ENEL.MI's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENEL.MI Enel SpA | 5.12% | 5.29% | 6.24% | 5.94% | 7.55% | 5.08% | 3.96% | 3.96% | 2.36% | 2.14% | 1.91% | 2.31% |
IG.MI Italgas SpA | 4.37% | 3.53% | 5.39% | 5.07% | 4.71% | 3.79% | 4.08% | 3.56% | 3.45% | 3.25% | 0.00% | 0.00% |
Financials
IG.MI vs. ENEL.MI - Financials Comparison
This section allows you to compare key financial metrics between Italgas SpA 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
IG.MI and ENEL.MI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IG.MI and ENEL.MI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer