LBRDP vs. ENPH

Last updated Aug 1, 2026

LBRDP (Liberty Broadband Corporation) and ENPH (Enphase Energy, Inc.) are both stocks. LBRDP operates in Telecom Services (Communication Services), while ENPH operates in Solar (Technology). Over the past 5 years, LBRDP returned 1.96%/yr vs -27.67%/yr for ENPH. Their 0.11 correlation means their historical movements had little consistent relationship.

Performance

LBRDP vs. ENPH - Performance Comparison

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

Returns By Period

In the year-to-date period, LBRDP achieves a -6.22% return, which is significantly lower than ENPH's 17.13% return.

LBRDP

• 1D: 0.28%
• 1M: 0.14%
• 6M: -5.99%
• YTD: -6.22%
• 1Y: -6.10%
• 3Y*: 5.68%
• 5Y*: 1.96%
• 10Y*: —
• ALL TIME*: 2.27%

ENPH

• 1D: 0.43%
• 1M: -12.84%
• 6M: 1.51%
• YTD: 17.13%
• 1Y: 19.44%
• 3Y*: -37.03%
• 5Y*: -27.67%
• 10Y*: 35.57%
• ALL TIME*: 11.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENPH Enphase Energy, Inc.	$194.87M	$189.47M	$367.78M
LBRDP Liberty Broadband Corporation	$197.74K	$174.44K	$251.57K

LBRDP vs. ENPH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LBRDP Liberty Broadband Corporation	-6.22%	6.34%	18.49%	3.24%	-15.16%	9.07%	0.46%
ENPH Enphase Energy, Inc.	17.13%	-53.33%	-48.02%	-50.13%	44.83%	4.26%	2.75%

Correlation

The correlation between LBRDP and ENPH is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (3Y) Balances recent behavior with more history.	0.09
Correlation (5Y) Shows whether the relationship held over a longer period.	0.11
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020	0.11

Fundamentals

Market Cap LBRDP : $3.12B ENPH : $4.96B
EPS LBRDP : -$61.17 ENPH : $1.01
Total Revenue (TTM) LBRDP : $0.00 ENPH : $1.33B
Gross Profit (TTM) LBRDP : $0.00 ENPH : $623.68M
EBITDA (TTM) LBRDP : -$3.57B ENPH : $203.83M

Return for Risk

LBRDP vs. ENPH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LBRDP

LBRDP Risk / Return Rank: 19
LBRDP Sharpe Ratio Rank: 21
LBRDP Sortino Ratio Rank: 20
LBRDP Omega Ratio Rank: 18
LBRDP Calmar Ratio Rank: 25
LBRDP Martin Ratio Rank: 13

ENPH

ENPH Risk / Return Rank: 55
ENPH Sharpe Ratio Rank: 53
ENPH Sortino Ratio Rank: 58
ENPH Omega Ratio Rank: 56
ENPH Calmar Ratio Rank: 53
ENPH Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LBRDP vs. ENPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty Broadband Corporation (LBRDP) 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.

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.

	LBRDP	ENPH	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	0.19	-0.70
Sortino ratio: Return per unit of downside risk	-0.58	0.97	-1.55
Omega ratio: Gain probability vs. loss probability	0.91	1.11	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.54	0.31	-0.85
Martin ratio: Return relative to average drawdown	-1.26	0.69	-1.96

LBRDP vs. ENPH - Sharpe Ratio Comparison

The current LBRDP Sharpe Ratio is -0.50, which is lower than the ENPH Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of LBRDP and ENPH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LBRDP vs. ENPH - Drawdown Comparison

The maximum LBRDP drawdown since its inception was -21.32%, smaller than the maximum ENPH drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for LBRDP and ENPH.

Drawdown Indicators

	LBRDP	ENPH	Difference
Max Drawdown Largest peak-to-trough decline	-21.32%	-95.97%	+74.65%
Max Drawdown (1Y) Largest decline over 1 year	-10.83%	-51.51%	+40.68%
Max Drawdown (3Y) Largest decline over 3 years	-10.83%	-81.34%	+70.51%
Max Drawdown (5Y) Largest decline over 5 years	-21.32%	-92.23%	+70.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-92.23%	—
Current Drawdown Current decline from peak	-7.74%	-88.83%	+81.09%
Average Drawdown Average peak-to-trough decline	-6.38%	-50.90%	+44.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	23.12%	-18.50%

Volatility

LBRDP vs. ENPH - Volatility Comparison

The current volatility for Liberty Broadband Corporation (LBRDP) is 2.39%, while Enphase Energy, Inc. (ENPH) has a volatility of 18.66%. This indicates that LBRDP experiences smaller price fluctuations and is considered to be less risky than ENPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBRDP	ENPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	18.66%	-16.27%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	68.82%	-58.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	82.81%	-71.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	70.68%	-55.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	78.42%	-63.85%

Dividends

LBRDP vs. ENPH - Dividend Comparison

LBRDP's dividend yield for the trailing twelve months is around 8.07%, while ENPH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
ENPH Enphase Energy, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LBRDP Liberty Broadband Corporation	8.07%	7.28%	7.21%	7.94%	7.59%	6.00%	1.54%

Financials

Frequently Asked Questions

Can I hold both LBRDP and ENPH in my portfolio?

LBRDP and ENPH have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LBRDP or ENPH?

ENPH has higher volatility (18.66%) compared to LBRDP (2.39%). In terms of maximum drawdown, LBRDP dropped -21.32% vs ENPH's -95.97%.

Which has better risk-adjusted returns?

ENPH currently has the higher Sharpe Ratio (0.19 vs -0.50), 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.