SPFI vs. ENVA

Last updated Jun 4, 2026

SPFI (South Plains Financial, Inc.) and ENVA (Enova International, Inc.) are both stocks. Both are in the Financial Services sector — SPFI in Banks - Regional, ENVA in Credit Services. Over the past 5 years, SPFI returned 13.17%/yr vs 34.17%/yr for ENVA. At a 0.45 correlation, their price movements are largely independent.

Performance

SPFI vs. ENVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in South Plains Financial, Inc. (SPFI) and Enova International, Inc. (ENVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPFI achieves a 2.83% return, which is significantly higher than ENVA's 1.08% return.

SPFI

• 1D: -2.25%
• 1M: -0.90%
• YTD: 2.83%
• 6M: 3.07%
• 1Y: 12.78%
• 3Y*: 20.83%
• 5Y*: 13.17%
• 10Y*: —

ENVA

• 1D: -2.86%
• 1M: -3.06%
• YTD: 1.08%
• 6M: 17.36%
• 1Y: 69.06%
• 3Y*: 48.21%
• 5Y*: 34.17%
• 10Y*: 35.93%

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

SPFI vs. ENVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPFI South Plains Financial, Inc.	2.83%	13.56%	22.25%	7.42%	0.68%	48.66%	-8.31%	18.25%
ENVA Enova International, Inc.	1.08%	63.95%	73.19%	44.28%	-6.32%	65.36%	2.95%	-4.52%

Correlation

The correlation between SPFI and ENVA is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 10, 2019	0.45

The correlation between SPFI and ENVA has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.

Fundamentals

Market Cap SPFI : $674.30M ENVA : $4.19B
EPS SPFI : $3.58 ENVA : $12.29
PE Ratio SPFI : 11.07 ENVA : 12.92
PEG Ratio SPFI : 3.13 ENVA : 0.70
PS Ratio SPFI : 2.99 ENVA : 1.29
PB Ratio SPFI : 1.34 ENVA : 2.99
Total Revenue (TTM) SPFI : $224.70M ENVA : $3.28B
Gross Profit (TTM) SPFI : $156.32M ENVA : $1.23B
EBITDA (TTM) SPFI : $61.25M ENVA : $456.13M

Return for Risk

SPFI vs. ENVA — Risk / Return Rank

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

SPFI

SPFI Risk / Return Rank: 56
SPFI Sharpe Ratio Rank: 57
SPFI Sortino Ratio Rank: 51
SPFI Omega Ratio Rank: 50
SPFI Calmar Ratio Rank: 61
SPFI Martin Ratio Rank: 61

ENVA

ENVA Risk / Return Rank: 82
ENVA Sharpe Ratio Rank: 86
ENVA Sortino Ratio Rank: 82
ENVA Omega Ratio Rank: 80
ENVA Calmar Ratio Rank: 81
ENVA Martin Ratio Rank: 81

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.

SPFI vs. ENVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for South Plains Financial, Inc. (SPFI) and Enova International, Inc. (ENVA). 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.

	SPFI	ENVA	Difference
Sharpe ratio Return per unit of total volatility	0.47	1.84	-1.37
Sortino ratio Return per unit of downside risk	0.87	2.48	-1.61
Omega ratio Gain probability vs. loss probability	1.11	1.31	-0.20
Calmar ratio Return relative to maximum drawdown	0.97	2.80	-1.84
Martin ratio Return relative to average drawdown	2.07	7.24	-5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPFI vs. ENVA - Sharpe Ratio Comparison

The current SPFI Sharpe Ratio is 0.47, which is lower than the ENVA Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of SPFI and ENVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPFI	ENVA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	1.84	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.85	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.32	+0.04

Drawdowns

SPFI vs. ENVA - Drawdown Comparison

The maximum SPFI drawdown since its inception was -46.51%, smaller than the maximum ENVA drawdown of -81.56%. Use the drawdown chart below to compare losses from any high point for SPFI and ENVA.

Drawdown Indicators

	SPFI	ENVA	Difference
Max Drawdown Largest peak-to-trough decline	-46.51%	-81.56%	+35.05%
Max Drawdown (1Y) Largest decline over 1 year	-13.25%	-24.75%	+11.50%
Max Drawdown (3Y) Largest decline over 3 years	-23.82%	-37.01%	+13.19%
Max Drawdown (5Y) Largest decline over 5 years	-38.59%	-42.84%	+4.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.57%	—
Current Drawdown Current decline from peak	-10.87%	-9.15%	-1.72%
Average Drawdown Average peak-to-trough decline	-12.32%	-29.63%	+17.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	9.57%	-3.38%

Volatility

SPFI vs. ENVA - Volatility Comparison

The current volatility for South Plains Financial, Inc. (SPFI) is 5.23%, while Enova International, Inc. (ENVA) has a volatility of 9.43%. This indicates that SPFI experiences smaller price fluctuations and is considered to be less risky than ENVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPFI	ENVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	9.43%	-4.20%
Volatility (6M) Calculated over the trailing 6-month period	17.49%	27.80%	-10.31%
Volatility (1Y) Calculated over the trailing 1-year period	27.41%	37.72%	-10.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.44%	40.23%	-11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.65%	49.30%	-11.65%

Dividends

SPFI vs. ENVA - Dividend Comparison

SPFI's dividend yield for the trailing twelve months is around 1.67%, while ENVA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ENVA Enova International, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPFI South Plains Financial, Inc.	1.67%	1.60%	1.61%	1.80%	1.67%	1.08%	0.74%	0.29%

Financials

Frequently Asked Questions

Can I hold both SPFI and ENVA in my portfolio?

SPFI and ENVA have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPFI or ENVA?

ENVA has higher volatility (9.43%) compared to SPFI (5.23%). In terms of maximum drawdown, SPFI dropped -46.51% vs ENVA's -81.56%.

Which has better risk-adjusted returns?

ENVA currently has the higher Sharpe Ratio (1.84 vs 0.47), 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.