BSY vs. NRG

Last updated Jun 4, 2026

BSY (Bentley Systems, Incorporated) and NRG (NRG Energy, Inc.) are both stocks. BSY operates in Software - Application (Technology), while NRG operates in Utilities - Independent Power Producers (Utilities). Over the past 5 years, BSY returned -11.55%/yr vs 35.21%/yr for NRG. At a 0.22 correlation, their price movements are largely independent.

Performance

BSY vs. NRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bentley Systems, Incorporated (BSY) and NRG Energy, Inc. (NRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSY achieves a -14.21% return, which is significantly higher than NRG's -15.48% return.

BSY

• 1D: -4.06%
• 1M: -2.72%
• YTD: -14.21%
• 6M: -23.05%
• 1Y: -31.08%
• 3Y*: -12.73%
• 5Y*: -11.55%
• 10Y*: —

NRG

• 1D: 0.19%
• 1M: -13.60%
• YTD: -15.48%
• 6M: -19.30%
• 1Y: -15.99%
• 3Y*: 62.27%
• 5Y*: 35.21%
• 10Y*: 25.18%

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

BSY vs. NRG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BSY Bentley Systems, Incorporated	-14.21%	-17.78%	-10.07%	41.78%	-23.27%	19.57%	21.07%
NRG NRG Energy, Inc.	-15.48%	78.91%	78.58%	69.36%	-23.47%	18.54%	32.93%

Correlation

The correlation between BSY and NRG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020	0.22

The correlation between BSY and NRG shifts across timeframes, from -0.03 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BSY : $10.50B NRG : $27.82B
EPS BSY : $0.85 NRG : $1.21
PE Ratio BSY : 38.22 NRG : 110.45
PEG Ratio BSY : 0.93 NRG : 1.66
PS Ratio BSY : 6.93 NRG : 0.82
PB Ratio BSY : 8.56 NRG : 6.59
Total Revenue (TTM) BSY : $1.56B NRG : $32.38B
Gross Profit (TTM) BSY : $1.27B NRG : $4.69B
EBITDA (TTM) BSY : $470.83M NRG : $2.57B

Return for Risk

BSY vs. NRG — Risk / Return Rank

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

BSY

BSY Risk / Return Rank: 12
BSY Sharpe Ratio Rank: 7
BSY Sortino Ratio Rank: 9
BSY Omega Ratio Rank: 10
BSY Calmar Ratio Rank: 16
BSY Martin Ratio Rank: 18

NRG

NRG Risk / Return Rank: 22
NRG Sharpe Ratio Rank: 25
NRG Sortino Ratio Rank: 24
NRG Omega Ratio Rank: 25
NRG Calmar Ratio Rank: 23
NRG Martin Ratio Rank: 12

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.

BSY vs. NRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bentley Systems, Incorporated (BSY) and NRG Energy, Inc. (NRG). 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.

	BSY	NRG	Difference
Sharpe ratio Return per unit of total volatility	-0.86	-0.36	-0.50
Sortino ratio Return per unit of downside risk	-1.19	-0.23	-0.96
Omega ratio Gain probability vs. loss probability	0.85	0.97	-0.12
Calmar ratio Return relative to maximum drawdown	-0.67	-0.49	-0.18
Martin ratio Return relative to average drawdown	-1.09	-1.26	+0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSY vs. NRG - Sharpe Ratio Comparison

The current BSY Sharpe Ratio is -0.86, which is lower than the NRG Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of BSY and NRG, 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

	BSY	NRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	-0.36	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.89	-1.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.36	-0.36

Drawdowns

BSY vs. NRG - Drawdown Comparison

The maximum BSY drawdown since its inception was -61.00%, smaller than the maximum NRG drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for BSY and NRG.

Drawdown Indicators

	BSY	NRG	Difference
Max Drawdown Largest peak-to-trough decline	-61.00%	-79.41%	+18.41%
Max Drawdown (1Y) Largest decline over 1 year	-46.53%	-32.57%	-13.96%
Max Drawdown (3Y) Largest decline over 3 years	-46.53%	-32.57%	-13.96%
Max Drawdown (5Y) Largest decline over 5 years	-61.00%	-32.62%	-28.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.76%	—
Current Drawdown Current decline from peak	-53.11%	-27.09%	-26.02%
Average Drawdown Average peak-to-trough decline	-30.96%	-28.00%	-2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.69%	12.80%	+15.89%

Volatility

BSY vs. NRG - Volatility Comparison

The current volatility for Bentley Systems, Incorporated (BSY) is 13.62%, while NRG Energy, Inc. (NRG) has a volatility of 15.26%. This indicates that BSY experiences smaller price fluctuations and is considered to be less risky than NRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSY	NRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.62%	15.26%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	30.55%	34.36%	-3.81%
Volatility (1Y) Calculated over the trailing 1-year period	36.27%	44.34%	-8.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.16%	39.93%	-3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	39.28%	-0.77%

Dividends

BSY vs. NRG - Dividend Comparison

BSY's dividend yield for the trailing twelve months is around 0.86%, less than NRG's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSY Bentley Systems, Incorporated	0.86%	0.73%	0.51%	0.38%	0.32%	0.25%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%
NRG NRG Energy, Inc.	1.37%	1.11%	1.81%	2.92%	4.40%	3.02%	3.20%	0.30%	0.30%	0.42%	1.92%	4.93%

Financials

BSY vs. NRG - Profitability Comparison

The chart below illustrates the profitability comparison between Bentley Systems, Incorporated and NRG Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BSY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bentley Systems, Incorporated reported a gross profit of 350.41M and revenue of 424.18M. Therefore, the gross margin over that period was 82.6%.

NRG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a gross profit of 0.00 and revenue of 10.26B. Therefore, the gross margin over that period was 0.0%.

BSY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bentley Systems, Incorporated reported an operating income of 126.26M and revenue of 424.18M, resulting in an operating margin of 29.8%.

NRG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported an operating income of 328.00M and revenue of 10.26B, resulting in an operating margin of 3.2%.

BSY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bentley Systems, Incorporated reported a net income of 95.39M and revenue of 424.18M, resulting in a net margin of 22.5%.

NRG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a net income of 125.00M and revenue of 10.26B, resulting in a net margin of 1.2%.

Frequently Asked Questions

Can I hold both BSY and NRG in my portfolio?

BSY and NRG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSY or NRG?

NRG has higher volatility (15.26%) compared to BSY (13.62%). In terms of maximum drawdown, BSY dropped -61.00% vs NRG's -79.41%.

Which has better risk-adjusted returns?

NRG currently has the higher Sharpe Ratio (-0.36 vs -0.86), 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.