MBX vs. NFE

Last updated Jun 5, 2026

MBX (MBX Biosciences, Inc) and NFE (New Fortress Energy Inc.) are both stocks. MBX operates in Biotechnology (Healthcare), while NFE operates in Utilities - Regulated Gas (Utilities). Over the past year, MBX returned 126.70% vs -82.65% for NFE. At a 0.08 correlation, their price movements are largely independent.

Performance

MBX vs. NFE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MBX Biosciences, Inc (MBX) and New Fortress Energy Inc. (NFE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBX achieves a -2.00% return, which is significantly higher than NFE's -52.82% return.

MBX

• 1D: 2.86%
• 1M: 4.43%
• YTD: -2.00%
• 6M: 1.21%
• 1Y: 126.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFE

• 1D: 7.54%
• 1M: -35.20%
• YTD: -52.82%
• 6M: -61.58%
• 1Y: -82.65%
• 3Y*: -73.39%
• 5Y*: -56.53%
• 10Y*: —

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

MBX vs. NFE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MBX MBX Biosciences, Inc	-2.00%	71.13%	-22.07%
NFE New Fortress Energy Inc.	-52.82%	-92.46%	28.46%

Correlation

The correlation between MBX and NFE is -0.02, 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	-0.02
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024	0.08

Fundamentals

Market Cap MBX : $1.44B NFE : $153.06M
EPS MBX : -$2.30 NFE : -$6.58
PB Ratio MBX : 3.29 NFE : 0.84
Total Revenue (TTM) MBX : $0.00 NFE : $1.50B
Gross Profit (TTM) MBX : -$160.00K NFE : $310.12M
EBITDA (TTM) MBX : -$96.31M NFE : -$198.72M

Return for Risk

MBX vs. NFE — Risk / Return Rank

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

MBX

MBX Risk / Return Rank: 80
MBX Sharpe Ratio Rank: 70
MBX Sortino Ratio Rank: 84
MBX Omega Ratio Rank: 79
MBX Calmar Ratio Rank: 85
MBX Martin Ratio Rank: 80

NFE

NFE Risk / Return Rank: 11
NFE Sharpe Ratio Rank: 14
NFE Sortino Ratio Rank: 11
NFE Omega Ratio Rank: 13
NFE Calmar Ratio Rank: 5
NFE Martin Ratio Rank: 13

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.

MBX vs. NFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MBX Biosciences, Inc (MBX) and New Fortress Energy Inc. (NFE). 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.

	MBX	NFE	Difference
Sharpe ratio: Return per unit of total volatility	0.95	-0.63	+1.58
Sortino ratio: Return per unit of downside risk	2.65	-1.01	+3.65
Omega ratio: Gain probability vs. loss probability	1.30	0.88	+0.42
Calmar ratio: Return relative to maximum drawdown	3.39	-0.93	+4.32
Martin ratio: Return relative to average drawdown	6.57	-1.26	+7.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBX vs. NFE - Sharpe Ratio Comparison

The current MBX Sharpe Ratio is 0.95, which is higher than the NFE Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of MBX and NFE, 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

	MBX	NFE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	-0.63	+1.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	-0.41	+0.55

Drawdowns

MBX vs. NFE - Drawdown Comparison

The maximum MBX drawdown since its inception was -77.71%, smaller than the maximum NFE drawdown of -99.09%. Use the drawdown chart below to compare losses from any high point for MBX and NFE.

Drawdown Indicators

	MBX	NFE	Difference
Max Drawdown Largest peak-to-trough decline	-77.71%	-99.09%	+21.38%
Max Drawdown (1Y) Largest decline over 1 year	-37.60%	-89.05%	+51.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-98.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.09%	—
Current Drawdown Current decline from peak	-28.35%	-99.02%	+70.67%
Average Drawdown Average peak-to-trough decline	-35.06%	-46.04%	+10.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.98%	65.66%	-45.68%

Volatility

MBX vs. NFE - Volatility Comparison

MBX Biosciences, Inc (MBX) has a higher volatility of 25.92% compared to New Fortress Energy Inc. (NFE) at 22.00%. This indicates that MBX's price experiences larger fluctuations and is considered to be riskier than NFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBX	NFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.92%	22.00%	+3.92%
Volatility (6M) Calculated over the trailing 6-month period	58.60%	69.06%	-10.46%
Volatility (1Y) Calculated over the trailing 1-year period	134.37%	131.23%	+3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.95%	89.74%	+29.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.95%	83.59%	+35.36%

Dividends

MBX vs. NFE - Dividend Comparison

Neither MBX nor NFE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
MBX MBX Biosciences, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NFE New Fortress Energy Inc.	0.00%	0.00%	1.98%	10.46%	0.94%	1.66%	0.37%

Financials

Frequently Asked Questions

Can I hold both MBX and NFE in my portfolio?

MBX and NFE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBX or NFE?

MBX has higher volatility (25.92%) compared to NFE (22.00%). In terms of maximum drawdown, MBX dropped -77.71% vs NFE's -99.09%.

Which has better risk-adjusted returns?

MBX currently has the higher Sharpe Ratio (0.95 vs -0.63), 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.