ENLT vs WILC: Correlation
Measured on weekly returns over the past three years, Enlight Renewable Energy Ltd. (ENLT) and G. Willi-Food International, Ltd. (WILC) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLT and WILC?
Across a 3-year window, the weekly returns of ENLT and WILC correlate at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of 539.9 %².
Within ENLT's tracked universe of 13 assets, WILC comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ENLT ahead by 148.0 points (+188.8% versus +40.8%).
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 WILC: side by side
| ENLT (Enlight Renewable Energy Ltd.) | WILC (G. Willi-Food International, Ltd.) | |
|---|---|---|
| 1-year return | +188.8% | +40.8% |
| 5-year return | n/a | +69.9% |
| Volatility (ann.) | 42.0% | 36.7% |
| Beta vs S&P 500 | 0.88 | 0.54 |
| Max drawdown (3Y) | -27.7% | -30.6% |
| Market cap | $11.3B | $0.4B |
| P/E (trailing) | 127.9 | 16.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENLT | WILC |
|---|---|---|
| 2022 | – | -26.1% |
| 2023 | – | -17.5% |
| 2024 | -9.9% | +62.6% |
| 2025 | +163.6% | +86.6% |
| 2026 | +77.2% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLT and WILC good diversifiers for each other?
Reasonably. At 0.35, ENLT and WILC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ENLT and WILC?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.39 over the last year and -0.06 over 5 years.
Is WILC a good diversifier for ENLT?
Reasonably. At 0.35, ENLT and WILC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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-wilc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enlt-vs-wilc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENLT correlations · WILC correlations
