ML.PA vs. ENOG.L
ML.PA (Compagnie Générale des Établissements Michelin Société en commandite par actions) and ENOG.L (Energean Oil & Gas plc) are both stocks. ML.PA operates in Auto Parts (Consumer Cyclical), while ENOG.L operates in Oil & Gas E&P (Energy). Over the past 5 years, ML.PA returned 7.11%/yr vs 5.93%/yr for ENOG.L. At a 0.15 correlation, their price movements are largely independent.
Performance
ML.PA vs. ENOG.L - Performance Comparison
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Different Trading Currencies
ML.PA is traded in EUR, while ENOG.L is traded in GBp. To make them comparable, the ENOG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ML.PA achieves a 22.39% return, which is significantly higher than ENOG.L's -12.19% return.
ML.PA
- 1D
- 2.79%
- 1M
- 9.78%
- YTD
- 22.39%
- 6M
- 23.52%
- 1Y
- 6.08%
- 3Y*
- 10.25%
- 5Y*
- 7.11%
- 10Y*
- 13.92%
ENOG.L
- 1D
- -1.21%
- 1M
- -13.80%
- YTD
- -12.19%
- 6M
- -11.70%
- 1Y
- -2.29%
- 3Y*
- -4.32%
- 5Y*
- 5.93%
- 10Y*
- —
ML.PA vs. ENOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ML.PA Compagnie Générale des Établissements Michelin Société en commandite par actions | 22.39% | -7.35% | 1.60% | 30.61% | -15.25% | 48.28% | 5.31% | 45.88% | -22.61% |
ENOG.L Energean Oil & Gas plc | -12.19% | -11.05% | 13.62% | -9.34% | 51.91% | 26.26% | -26.66% | 57.44% | 35.60% |
Correlation
The correlation between ML.PA and ENOG.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2018 | 0.15 |
The correlation between ML.PA and ENOG.L shifts across timeframes, from -0.12 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ML.PA vs. ENOG.L — Risk / Return Rank
ML.PA
ENOG.L
ML.PA vs. ENOG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Compagnie Générale des Établissements Michelin Société en commandite par actions (ML.PA) and Energean Oil & Gas plc (ENOG.L). 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.
| ML.PA | ENOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.98 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.30 | +0.60 |
| Martin ratioReturn relative to average drawdown | 0.63 | -0.75 | +1.38 |
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Drawdowns
ML.PA vs. ENOG.L - Drawdown Comparison
The maximum ML.PA drawdown since its inception was -73.30%, roughly equal to the maximum ENOG.L drawdown of -73.16%. Use the drawdown chart below to compare losses from any high point for ML.PA and ENOG.L.
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Drawdown Indicators
| ML.PA | ENOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.30% | -73.16% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -20.52% | -23.94% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -29.18% | -34.01% | +4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -32.53% | -43.09% | +10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -6.03% | -32.52% | +26.49% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -19.28% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.59% | 9.76% | -0.17% |
Volatility
ML.PA vs. ENOG.L - Volatility Comparison
The current volatility for Compagnie Générale des Établissements Michelin Société en commandite par actions (ML.PA) is 5.26%, while Energean Oil & Gas plc (ENOG.L) has a volatility of 8.39%. This indicates that ML.PA experiences smaller price fluctuations and is considered to be less risky than ENOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ML.PA | ENOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 8.39% | -3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 22.02% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 28.77% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 37.61% | -13.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.62% | 46.49% | -19.87% |
Dividends
ML.PA vs. ENOG.L - Dividend Comparison
ML.PA's dividend yield for the trailing twelve months is around 4.16%, less than ENOG.L's 9.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENOG.L Energean Oil & Gas plc | 9.99% | 10.16% | 7.89% | 11.49% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ML.PA Compagnie Générale des Établissements Michelin Société en commandite par actions | 4.16% | 4.87% | 4.25% | 3.85% | 17.31% | 6.38% | 7.62% | 13.56% | 16.38% | 10.87% | 10.78% | 11.37% |
Financials
ML.PA vs. ENOG.L - Financials Comparison
This section allows you to compare key financial metrics between Compagnie Générale des Établissements Michelin Société en commandite par actions and Energean Oil & Gas plc. 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
ML.PA and ENOG.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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