WRT1V.HE vs. ENVX

Last updated Jun 5, 2026

WRT1V.HE (Wärtsilä Oyj Abp) and ENVX (Enovix Corp) are both stocks. Both are in the Industrials sector — WRT1V.HE in Specialty Industrial Machinery, ENVX in Electrical Equipment & Parts. Over the past 3 years, WRT1V.HE returned 52.60%/yr vs -17.43%/yr for ENVX. At a 0.19 correlation, their price movements are largely independent.

Performance

WRT1V.HE vs. ENVX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Wärtsilä Oyj Abp (WRT1V.HE) and Enovix Corp (ENVX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WRT1V.HE is traded in EUR, while ENVX is traded in USD. To make them comparable, the ENVX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WRT1V.HE achieves a 20.68% return, which is significantly higher than ENVX's 1.54% return.

WRT1V.HE

• 1D: 1.52%
• 1M: -2.38%
• YTD: 20.68%
• 6M: 23.53%
• 1Y: 101.72%
• 3Y*: 52.60%
• 5Y*: 28.71%
• 10Y*: 14.32%

ENVX

• 1D: -12.22%
• 1M: 10.97%
• YTD: 1.54%
• 6M: -17.90%
• 1Y: 2.92%
• 3Y*: -17.43%
• 5Y*: —
• 10Y*: —

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

WRT1V.HE vs. ENVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WRT1V.HE Wärtsilä Oyj Abp	20.68%	81.45%	32.98%	71.25%	-34.38%	-3.10%
ENVX Enovix Corp	1.54%	-32.26%	-7.45%	-2.37%	-51.57%	59.86%

Correlation

The correlation between WRT1V.HE and ENVX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.19

Return for Risk

WRT1V.HE vs. ENVX — Risk / Return Rank

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

WRT1V.HE

WRT1V.HE Risk / Return Rank: 93
WRT1V.HE Sharpe Ratio Rank: 95
WRT1V.HE Sortino Ratio Rank: 92
WRT1V.HE Omega Ratio Rank: 92
WRT1V.HE Calmar Ratio Rank: 94
WRT1V.HE Martin Ratio Rank: 94

ENVX

ENVX Risk / Return Rank: 44
ENVX Sharpe Ratio Rank: 43
ENVX Sortino Ratio Rank: 48
ENVX Omega Ratio Rank: 47
ENVX Calmar Ratio Rank: 43
ENVX Martin Ratio Rank: 42

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.

WRT1V.HE vs. ENVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wärtsilä Oyj Abp (WRT1V.HE) and Enovix Corp (ENVX). 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.

	WRT1V.HE	ENVX	Difference
Sharpe ratio: Return per unit of total volatility	3.02	0.03	+2.98
Sortino ratio: Return per unit of downside risk	3.55	0.70	+2.85
Omega ratio: Gain probability vs. loss probability	1.47	1.09	+0.38
Calmar ratio: Return relative to maximum drawdown	6.39	0.04	+6.35
Martin ratio: Return relative to average drawdown	17.50	0.06	+17.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WRT1V.HE vs. ENVX - Sharpe Ratio Comparison

The current WRT1V.HE Sharpe Ratio is 3.02, which is higher than the ENVX Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of WRT1V.HE and ENVX, 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

	WRT1V.HE	ENVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	0.03	+2.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	-0.15	+0.64

Drawdowns

WRT1V.HE vs. ENVX - Drawdown Comparison

The maximum WRT1V.HE drawdown since its inception was -71.45%, smaller than the maximum ENVX drawdown of -84.98%. Use the drawdown chart below to compare losses from any high point for WRT1V.HE and ENVX.

Drawdown Indicators

	WRT1V.HE	ENVX	Difference
Max Drawdown Largest peak-to-trough decline	-71.45%	-84.98%	+13.53%
Max Drawdown (1Y) Largest decline over 1 year	-16.30%	-69.62%	+53.32%
Max Drawdown (3Y) Largest decline over 3 years	-30.80%	-75.88%	+45.08%
Max Drawdown (5Y) Largest decline over 5 years	-50.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.45%	—	—
Current Drawdown Current decline from peak	-8.86%	-77.26%	+68.40%
Average Drawdown Average peak-to-trough decline	-23.12%	-61.45%	+38.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	47.20%	-41.27%

Volatility

WRT1V.HE vs. ENVX - Volatility Comparison

The current volatility for Wärtsilä Oyj Abp (WRT1V.HE) is 13.52%, while Enovix Corp (ENVX) has a volatility of 31.52%. This indicates that WRT1V.HE experiences smaller price fluctuations and is considered to be less risky than ENVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRT1V.HE	ENVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.52%	31.52%	-18.00%
Volatility (6M) Calculated over the trailing 6-month period	26.89%	57.45%	-30.56%
Volatility (1Y) Calculated over the trailing 1-year period	34.59%	87.95%	-53.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.21%	92.88%	-58.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.30%	92.88%	-58.58%

Dividends

WRT1V.HE vs. ENVX - Dividend Comparison

WRT1V.HE's dividend yield for the trailing twelve months is around 2.05%, while ENVX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENVX Enovix Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WRT1V.HE Wärtsilä Oyj Abp	2.05%	1.45%	1.87%	1.98%	3.05%	1.62%	5.89%	4.87%	16.55%	2.47%	2.81%	2.73%

Financials

Frequently Asked Questions

Can I hold both WRT1V.HE and ENVX in my portfolio?

WRT1V.HE and ENVX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.