LNG vs. NEXT
LNG (Cheniere Energy, Inc.) and NEXT (NextDecade Corporation) are both stocks. Both are in the Energy sector — LNG in Oil & Gas Midstream, NEXT in Oil & Gas E&P. Over the past 10 years, LNG returned 21.58%/yr vs -2.58%/yr for NEXT. At a 0.27 correlation, their price movements are largely independent.
Performance
LNG vs. NEXT - Performance Comparison
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Returns By Period
In the year-to-date period, LNG achieves a 21.09% return, which is significantly lower than NEXT's 46.49% return. Over the past 10 years, LNG has outperformed NEXT with an annualized return of 21.58%, while NEXT has yielded a comparatively lower -2.58% annualized return.
LNG
- 1D
- 1.46%
- 1M
- -2.75%
- YTD
- 21.09%
- 6M
- 22.79%
- 1Y
- 1.71%
- 3Y*
- 17.54%
- 5Y*
- 22.93%
- 10Y*
- 21.58%
NEXT
- 1D
- 4.18%
- 1M
- -8.75%
- YTD
- 46.49%
- 6M
- 41.39%
- 1Y
- -6.20%
- 3Y*
- -0.89%
- 5Y*
- 10.91%
- 10Y*
- -2.58%
LNG vs. NEXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LNG Cheniere Energy, Inc. | 21.09% | -8.70% | 27.18% | 15.02% | 49.30% | 69.48% | -1.70% | 3.18% | 9.94% | 29.95% |
NEXT NextDecade Corporation | 46.49% | -31.65% | 61.64% | -3.44% | 73.33% | 36.36% | -65.96% | 13.70% | -35.10% | -17.79% |
Correlation
The correlation between LNG and NEXT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.27 |
Over the past year, LNG and NEXT have become more correlated (0.50) than their long-term average of 0.27, meaning their price movements have been converging.
Fundamentals
LNG:
$49.30B
NEXT:
$2.05B
LNG:
$6.80
NEXT:
-$1.35
LNG:
$20.28B
NEXT:
$0.00
LNG:
$5.52B
NEXT:
-$15.67M
LNG:
$5.81B
NEXT:
-$271.66M
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Return for Risk
LNG vs. NEXT — Risk / Return Rank
LNG
NEXT
LNG vs. NEXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cheniere Energy, Inc. (LNG) and NextDecade Corporation (NEXT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LNG | NEXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.10 | +0.18 |
| Martin ratioReturn relative to average drawdown | 0.14 | -0.15 | +0.29 |
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Drawdowns
LNG vs. NEXT - Drawdown Comparison
The maximum LNG drawdown since its inception was -97.84%, which is greater than NEXT's maximum drawdown of -88.79%. Use the drawdown chart below to compare losses from any high point for LNG and NEXT.
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Drawdown Indicators
| LNG | NEXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.84% | -88.79% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -24.09% | -60.00% | +35.91% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -60.00% | +35.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -60.00% | +35.13% |
Max Drawdown (10Y)Largest decline over 10 years | -57.53% | -88.79% | +31.26% |
Current DrawdownCurrent decline from peak | -20.93% | -35.67% | +14.74% |
Average DrawdownAverage peak-to-trough decline | -43.13% | -39.01% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 41.46% | -29.11% |
Volatility
LNG vs. NEXT - Volatility Comparison
The current volatility for Cheniere Energy, Inc. (LNG) is 7.77%, while NextDecade Corporation (NEXT) has a volatility of 17.89%. This indicates that LNG experiences smaller price fluctuations and is considered to be less risky than NEXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LNG | NEXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 17.89% | -10.12% |
Volatility (6M)Calculated over the trailing 6-month period | 21.88% | 47.24% | -25.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.23% | 65.44% | -38.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.26% | 75.87% | -45.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.35% | 87.22% | -54.87% |
Dividends
LNG vs. NEXT - Dividend Comparison
LNG's dividend yield for the trailing twelve months is around 0.92%, while NEXT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LNG Cheniere Energy, Inc. | 0.92% | 1.06% | 0.84% | 0.95% | 0.92% | 0.33% |
NEXT NextDecade Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LNG vs. NEXT - Financials Comparison
This section allows you to compare key financial metrics between Cheniere Energy, Inc. and NextDecade Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
LNG and NEXT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEXT has higher volatility (17.89%) compared to LNG (7.77%). In terms of maximum drawdown, LNG dropped -97.84% vs NEXT's -88.79%.
LNG currently has the higher Sharpe Ratio (0.06 vs -0.10), 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.
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