NEM vs. BE
NEM (Newmont Corporation) and BE (Bloom Energy Corporation) are both stocks. NEM operates in Gold (Basic Materials), while BE operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, NEM returned 10.51%/yr vs 59.08%/yr for BE. At a 0.17 correlation, their price movements are largely independent.
Performance
NEM vs. BE - Performance Comparison
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Returns By Period
In the year-to-date period, NEM achieves a 0.82% return, which is significantly lower than BE's 199.48% return.
NEM
- 1D
- 2.71%
- 1M
- -15.55%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 81.14%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
BE
- 1D
- 4.56%
- 1M
- -10.19%
- YTD
- 199.48%
- 6M
- 173.97%
- 1Y
- 1,069.53%
- 3Y*
- 145.16%
- 5Y*
- 59.08%
- 10Y*
- —
NEM vs. BE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -5.85% |
BE Bloom Energy Corporation | 199.48% | 291.22% | 50.07% | -22.59% | -12.81% | -23.48% | 283.67% | -25.15% | -46.63% |
Correlation
The correlation between NEM and BE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2018 | 0.17 |
The correlation between NEM and BE shifts across timeframes, from 0.17 (all time) to 0.29 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NEM:
$6.34
BE:
$0.02
NEM:
15.82
BE:
11.33K
NEM:
4.83
BE:
27.91
NEM:
$17.23B
BE:
$2.45B
NEM:
$8.97B
BE:
$761.91M
NEM:
$13.78B
BE:
$88.83M
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Return for Risk
NEM vs. BE — Risk / Return Rank
NEM
BE
NEM vs. BE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Corporation (NEM) and Bloom Energy Corporation (BE). 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.
| NEM | BE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.62 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 23.53 | -20.76 |
| Martin ratioReturn relative to average drawdown | 7.58 | 73.01 | -65.42 |
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Drawdowns
NEM vs. BE - Drawdown Comparison
The maximum NEM drawdown since its inception was -81.30%, smaller than the maximum BE drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for NEM and BE.
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Drawdown Indicators
| NEM | BE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -92.54% | +11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -29.39% | -45.94% | +16.55% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -53.42% | +16.85% |
Max Drawdown (5Y)Largest decline over 5 years | -62.40% | -75.87% | +13.47% |
Max Drawdown (10Y)Largest decline over 10 years | -62.40% | — | — |
Current DrawdownCurrent decline from peak | -23.71% | -15.48% | -8.23% |
Average DrawdownAverage peak-to-trough decline | -41.37% | -51.91% | +10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 14.78% | -4.05% |
Volatility
NEM vs. BE - Volatility Comparison
The current volatility for Newmont Corporation (NEM) is 15.74%, while Bloom Energy Corporation (BE) has a volatility of 27.74%. This indicates that NEM experiences smaller price fluctuations and is considered to be less risky than BE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEM | BE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 27.74% | -12.00% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 75.65% | -38.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.44% | 107.62% | -60.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.99% | 85.95% | -47.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.67% | 95.68% | -60.01% |
Dividends
NEM vs. BE - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 1.02%, while BE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BE Bloom Energy Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
NEM vs. BE - Financials Comparison
This section allows you to compare key financial metrics between Newmont Corporation and Bloom Energy 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
NEM and BE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BE has higher volatility (27.74%) compared to NEM (15.74%). In terms of maximum drawdown, NEM dropped -81.30% vs BE's -92.54%.
BE currently has the higher Sharpe Ratio (10.05 vs 1.73), 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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