NEXT vs. CWEN
Compare and contrast key facts about NextDecade Corporation (NEXT) and Clearway Energy, Inc. (CWEN).
Performance
NEXT vs. CWEN - Performance Comparison
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NEXT vs. CWEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXT NextDecade Corporation | 45.35% | -31.65% | 61.64% | -3.44% | 73.33% | 36.36% | -65.96% | 13.70% | -35.10% | -17.79% |
CWEN Clearway Energy, Inc. | 19.57% | 35.48% | 0.87% | -8.93% | -7.89% | 17.83% | 67.04% | 21.37% | -2.11% | 26.92% |
Fundamentals
NEXT:
-$0.74
CWEN:
$0.94
NEXT:
$0.00
CWEN:
$1.12B
NEXT:
-$13.37M
CWEN:
$738.00M
NEXT:
$92.12M
CWEN:
$878.00M
Returns By Period
In the year-to-date period, NEXT achieves a 45.35% return, which is significantly higher than CWEN's 19.57% return. Over the past 10 years, NEXT has underperformed CWEN with an annualized return of -2.53%, while CWEN has yielded a comparatively higher 16.62% annualized return.
NEXT
- 1D
- -4.84%
- 1M
- 42.12%
- YTD
- 45.35%
- 6M
- 12.81%
- 1Y
- -1.54%
- 3Y*
- 15.51%
- 5Y*
- 23.84%
- 10Y*
- -2.53%
CWEN
- 1D
- 0.95%
- 1M
- 3.81%
- YTD
- 19.57%
- 6M
- 42.53%
- 1Y
- 36.99%
- 3Y*
- 14.36%
- 5Y*
- 12.05%
- 10Y*
- 16.62%
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Return for Risk
NEXT vs. CWEN — Risk / Return Rank
NEXT
CWEN
NEXT vs. CWEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextDecade Corporation (NEXT) and Clearway Energy, Inc. (CWEN). 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.
| NEXT | CWEN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.02 | 1.26 | -1.29 |
Sortino ratioReturn per unit of downside risk | 0.44 | 1.78 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.65 | -2.73 |
Martin ratioReturn relative to average drawdown | -0.13 | 5.94 | -6.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEXT | CWEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.26 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.41 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.53 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.23 | -0.26 |
Correlation
The correlation between NEXT and CWEN is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NEXT vs. CWEN - Dividend Comparison
NEXT has not paid dividends to shareholders, while CWEN's dividend yield for the trailing twelve months is around 4.57%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEXT NextDecade 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% |
CWEN Clearway Energy, Inc. | 4.57% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
Drawdowns
NEXT vs. CWEN - Drawdown Comparison
The maximum NEXT drawdown since its inception was -88.79%, which is greater than CWEN's maximum drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for NEXT and CWEN.
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Drawdown Indicators
| NEXT | CWEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.79% | -79.41% | -9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -60.00% | -14.15% | -45.85% |
Max Drawdown (5Y)Largest decline over 5 years | -62.23% | -52.09% | -10.14% |
Max Drawdown (10Y)Largest decline over 10 years | -88.79% | -52.09% | -36.70% |
Current DrawdownCurrent decline from peak | -36.17% | -2.48% | -33.69% |
Average DrawdownAverage peak-to-trough decline | -39.14% | -35.90% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.38% | 6.31% | +32.07% |
Volatility
NEXT vs. CWEN - Volatility Comparison
NextDecade Corporation (NEXT) has a higher volatility of 22.31% compared to Clearway Energy, Inc. (CWEN) at 8.48%. This indicates that NEXT's price experiences larger fluctuations and is considered to be riskier than CWEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEXT | CWEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.31% | 8.48% | +13.83% |
Volatility (6M)Calculated over the trailing 6-month period | 42.32% | 21.37% | +20.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.17% | 29.40% | +36.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.69% | 29.83% | +53.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.55% | 31.19% | +55.36% |
Financials
NEXT vs. CWEN - Financials Comparison
This section allows you to compare key financial metrics between NextDecade Corporation and Clearway Energy, Inc.. 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