ENLT vs ILPT: Correlation
How closely do Enlight Renewable Energy Ltd. (ENLT) and Industrial Logistics Properties Trust (ILPT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLT and ILPT?
On 3 years of weekly data the ENLT/ILPT correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at 1051.9 %².
By 3-year correlation, ILPT places #5 of the 13 assets tracked against ENLT. Their recent paths diverged sharply: over the last 12 months ENLT outperformed by 145.4 percentage points (+188.8% for ENLT against +43.4% for ILPT).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ENLT vs ILPT: side by side
| ENLT (Enlight Renewable Energy Ltd.) | ILPT (Industrial Logistics Properties Trust) | |
|---|---|---|
| 1-year return | +188.8% | +43.4% |
| 5-year return | n/a | -65.6% |
| Volatility (ann.) | 42.0% | 59.0% |
| Beta vs S&P 500 | 0.88 | 1.10 |
| Max drawdown (3Y) | -27.7% | -51.1% |
| Market cap | $11.3B | $0.6B |
| P/E (trailing) | 127.9 | – |
| Dividend yield | 0.00% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENLT | ILPT |
|---|---|---|
| 2022 | – | -86.5% |
| 2023 | – | +45.8% |
| 2024 | -9.9% | -21.6% |
| 2025 | +163.6% | +55.5% |
| 2026 | +77.2% | +54.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLT and ILPT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ENLT and ILPT?
As of 2026-08-27, the correlation of weekly returns between ENLT and ILPT is 0.42 over 3 years, 0.38 over 1 year and -0.06 over 5 years.
Is ILPT a good diversifier for ENLT?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/enlt-vs-ilpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enlt-vs-ilpt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENLT correlations · ILPT correlations
