BE vs. ASTS

Last updated Jun 9, 2026

BE (Bloom Energy Corporation) and ASTS (AST SpaceMobile, Inc.) are both stocks. BE operates in Electrical Equipment & Parts (Industrials), while ASTS operates in Telecom Services (Communication Services). Over the past 5 years, BE returned 58.49%/yr vs 54.02%/yr for ASTS. At a 0.34 correlation, their price movements are largely independent.

Performance

BE vs. ASTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bloom Energy Corporation (BE) and AST SpaceMobile, Inc. (ASTS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BE achieves a 191.83% return, which is significantly higher than ASTS's 26.75% return.

BE

• 1D: -3.81%
• 1M: -2.86%
• YTD: 191.83%
• 6M: 126.83%
• 1Y: 1,064.23%
• 3Y*: 155.85%
• 5Y*: 58.49%
• 10Y*: —

ASTS

• 1D: -1.65%
• 1M: 22.66%
• YTD: 26.75%
• 6M: 24.41%
• 1Y: 195.16%
• 3Y*: 152.04%
• 5Y*: 54.02%
• 10Y*: —

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

BE vs. ASTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BE Bloom Energy Corporation	191.83%	291.22%	50.07%	-22.59%	-12.81%	-23.48%	283.67%	123.65%
ASTS AST SpaceMobile, Inc.	26.75%	244.22%	249.92%	25.10%	-39.29%	-41.53%	37.59%	1.02%

Correlation

The correlation between BE and ASTS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019	0.34

Fundamentals

Market Cap BE : $81.07B ASTS : $26.76B
EPS BE : $0.02 ASTS : -$1.84
PS Ratio BE : 27.20 ASTS : 287.63
PB Ratio BE : 87.98 ASTS : 10.06
Total Revenue (TTM) BE : $2.45B ASTS : $84.94M
Gross Profit (TTM) BE : $761.91M ASTS : -$22.93M
EBITDA (TTM) BE : $88.83M ASTS : -$536.80M

Return for Risk

BE vs. ASTS — Risk / Return Rank

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

BE

BE Risk / Return Rank: 99
BE Sharpe Ratio Rank: 100
BE Sortino Ratio Rank: 98
BE Omega Ratio Rank: 96
BE Calmar Ratio Rank: 99
BE Martin Ratio Rank: 100

ASTS

ASTS Risk / Return Rank: 85
ASTS Sharpe Ratio Rank: 88
ASTS Sortino Ratio Rank: 83
ASTS Omega Ratio Rank: 79
ASTS Calmar Ratio Rank: 89
ASTS Martin Ratio Rank: 85

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.

BE vs. ASTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bloom Energy Corporation (BE) and AST SpaceMobile, Inc. (ASTS). 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.

	BE	ASTS	Difference
Sharpe ratio: Return per unit of total volatility	10.06	1.88	+8.18
Sortino ratio: Return per unit of downside risk	4.94	2.44	+2.49
Omega ratio: Gain probability vs. loss probability	1.62	1.28	+0.34
Calmar ratio: Return relative to maximum drawdown	23.42	4.12	+19.30
Martin ratio: Return relative to average drawdown	73.60	8.15	+65.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BE vs. ASTS - Sharpe Ratio Comparison

The current BE Sharpe Ratio is 10.06, which is higher than the ASTS Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of BE and ASTS, 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

	BE	ASTS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.06	1.88	+8.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.50	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.40	-0.04

Drawdowns

BE vs. ASTS - Drawdown Comparison

The maximum BE drawdown since its inception was -92.54%, roughly equal to the maximum ASTS drawdown of -91.07%. Use the drawdown chart below to compare losses from any high point for BE and ASTS.

Drawdown Indicators

	BE	ASTS	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-91.07%	-1.47%
Max Drawdown (1Y) Largest decline over 1 year	-45.94%	-47.69%	+1.75%
Max Drawdown (3Y) Largest decline over 3 years	-53.42%	-70.66%	+17.24%
Max Drawdown (5Y) Largest decline over 5 years	-75.87%	-85.57%	+9.70%
Current Drawdown Current decline from peak	-17.64%	-30.83%	+13.19%
Average Drawdown Average peak-to-trough decline	-52.00%	-43.38%	-8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.59%	24.06%	-9.47%

Volatility

BE vs. ASTS - Volatility Comparison

The current volatility for Bloom Energy Corporation (BE) is 26.19%, while AST SpaceMobile, Inc. (ASTS) has a volatility of 40.76%. This indicates that BE experiences smaller price fluctuations and is considered to be less risky than ASTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BE	ASTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.19%	40.76%	-14.57%
Volatility (6M) Calculated over the trailing 6-month period	75.40%	82.89%	-7.49%
Volatility (1Y) Calculated over the trailing 1-year period	107.17%	104.86%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.83%	109.43%	-23.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.94%	100.53%	-5.59%

Dividends

BE vs. ASTS - Dividend Comparison

Neither BE nor ASTS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BE and ASTS in my portfolio?

BE and ASTS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BE or ASTS?

ASTS has higher volatility (40.76%) compared to BE (26.19%). In terms of maximum drawdown, BE dropped -92.54% vs ASTS's -91.07%.

Which has better risk-adjusted returns?

BE currently has the higher Sharpe Ratio (10.06 vs 1.88), 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.