MOD vs. ENLT
MOD (Modine Manufacturing Company) and ENLT (Enlight Renewable Energy Ltd. Ordinary Shares) are both stocks. MOD operates in Auto Parts (Consumer Cyclical), while ENLT operates in Utilities - Renewable (Utilities). Over the past 3 years, MOD returned 95.38%/yr vs 67.64%/yr for ENLT. At a 0.21 correlation, their price movements are largely independent.
Performance
MOD vs. ENLT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MOD having a 84.19% return and ENLT slightly lower at 80.84%.
MOD
- 1D
- 0.99%
- 1M
- -9.43%
- 6M
- 96.51%
- YTD
- 84.19%
- 1Y
- 167.56%
- 3Y*
- 95.38%
- 5Y*
- 69.71%
- 10Y*
- 38.29%
ENLT
- 1D
- 0.87%
- 1M
- -12.73%
- 6M
- 58.80%
- YTD
- 80.84%
- 1Y
- 228.84%
- 3Y*
- 67.64%
- 5Y*
- —
- 10Y*
- —
MOD vs. ENLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MOD Modine Manufacturing Company | 84.19% | 15.16% | 94.19% | 159.45% |
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 80.84% | 163.61% | -9.90% | 6.93% |
Correlation
The correlation between MOD and ENLT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.21 |
The correlation between MOD and ENLT shifts across timeframes, from 0.21 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MOD:
$12.99B
ENLT:
$11.49B
MOD:
$4.66
ENLT:
$0.66
MOD:
52.72
ENLT:
123.94
MOD:
3.40
ENLT:
0.62
MOD:
4.14
ENLT:
14.27
MOD:
11.04
ENLT:
5.68
MOD:
$3.18B
ENLT:
$813.08M
MOD:
$731.10M
ENLT:
$446.15M
MOD:
$276.90M
ENLT:
$670.45M
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Return for Risk
MOD vs. ENLT — Risk / Return Rank
MOD
ENLT
MOD vs. ENLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Modine Manufacturing Company (MOD) and Enlight Renewable Energy Ltd. Ordinary Shares (ENLT). 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.
| MOD | ENLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | 9.08 | -3.04 |
| Martin ratioReturn relative to average drawdown | 16.09 | 29.99 | -13.90 |
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Drawdowns
MOD vs. ENLT - Drawdown Comparison
The maximum MOD drawdown since its inception was -97.53%, which is greater than ENLT's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for MOD and ENLT.
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Drawdown Indicators
| MOD | ENLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -39.32% | -58.21% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -25.03% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -51.61% | -39.17% | -12.44% |
Max Drawdown (5Y)Largest decline over 5 years | -55.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.13% | — | — |
Current DrawdownCurrent decline from peak | -19.87% | -23.47% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -37.61% | -12.03% | -25.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.33% | 7.56% | +2.77% |
Volatility
MOD vs. ENLT - Volatility Comparison
The current volatility for Modine Manufacturing Company (MOD) is 20.90%, while Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a volatility of 22.24%. This indicates that MOD experiences smaller price fluctuations and is considered to be less risky than ENLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOD | ENLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.90% | 22.24% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 50.73% | 47.49% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.56% | 56.13% | +12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.66% | 45.44% | +15.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.93% | 45.44% | +13.49% |
Dividends
MOD vs. ENLT - Dividend Comparison
Neither MOD nor ENLT has paid dividends to shareholders.
Financials
MOD vs. ENLT - Financials Comparison
This section allows you to compare key financial metrics between Modine Manufacturing Company and Enlight Renewable Energy Ltd. Ordinary Shares. 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
MOD vs. ENLT - Profitability Comparison
MOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Modine Manufacturing Company reported a gross profit of 214.70M and revenue of 954.40M. Therefore, the gross margin over that period was 22.5%.
ENLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported a gross profit of 112.21M and revenue of 156.49M. Therefore, the gross margin over that period was 71.7%.
MOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Modine Manufacturing Company reported an operating income of 96.40M and revenue of 954.40M, resulting in an operating margin of 10.1%.
ENLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported an operating income of 81.63M and revenue of 156.49M, resulting in an operating margin of 52.2%.
MOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Modine Manufacturing Company reported a net income of 201.50M and revenue of 954.40M, resulting in a net margin of 21.1%.
ENLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Enlight Renewable Energy Ltd. Ordinary Shares reported a net income of 24.07M and revenue of 156.49M, resulting in a net margin of 15.4%.
Frequently Asked Questions
MOD and ENLT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENLT has higher volatility (22.24%) compared to MOD (20.90%). In terms of maximum drawdown, MOD dropped -97.53% vs ENLT's -39.32%.
ENLT currently has the higher Sharpe Ratio (4.06 vs 2.44), 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.
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