NEXT vs. LNG
NEXT (NextDecade Corporation) and LNG (Cheniere Energy, Inc.) are both stocks. Both are in the Energy sector — NEXT in Oil & Gas E&P, LNG in Oil & Gas Midstream. Over the past 10 years, NEXT returned -3.97%/yr vs 21.52%/yr for LNG. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
NEXT vs. LNG - Performance Comparison
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Returns By Period
In the year-to-date period, NEXT achieves a 27.51% return, which is significantly lower than LNG's 36.26% return. Over the past 10 years, NEXT has underperformed LNG with an annualized return of -3.97%, while LNG has yielded a comparatively higher 21.52% annualized return.
NEXT
- 1D
- -0.15%
- 1M
- -11.35%
- 6M
- 27.03%
- YTD
- 27.51%
- 1Y
- -39.46%
- 3Y*
- 6.91%
- 5Y*
- 15.35%
- 10Y*
- -3.97%
- ALL TIME*
- -3.33%
LNG
- 1D
- 2.14%
- 1M
- 7.16%
- 6M
- 25.23%
- YTD
- 36.26%
- 1Y
- 11.68%
- 3Y*
- 19.21%
- 5Y*
- 26.62%
- 10Y*
- 21.52%
- ALL TIME*
- 12.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $449.81M | $470.16M | $533.59M | |
| $23.47M | $19.82M | $23.11M |
NEXT vs. LNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXT NextDecade Corporation | 27.51% | -31.65% | 61.64% | -3.44% | 73.33% | 36.36% | -65.96% | 13.70% | -35.10% | -17.79% |
LNG Cheniere Energy, Inc. | 36.26% | -8.70% | 27.18% | 15.02% | 49.30% | 69.48% | -1.70% | 3.18% | 9.94% | 29.95% |
Correlation
The correlation between NEXT and LNG is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.27 |
Over the past year, NEXT and LNG have become more correlated (0.50) than their long-term average of 0.27, meaning their price movements have been converging.
Fundamentals
NEXT:
$1.78B
LNG:
$55.23B
NEXT:
-$1.36
LNG:
$6.86
NEXT:
$0.00
LNG:
$20.28B
NEXT:
-$9.03M
LNG:
$5.52B
NEXT:
-$350.02M
LNG:
$5.81B
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Return for Risk
NEXT vs. LNG — Risk / Return Rank
NEXT
LNG
NEXT vs. LNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextDecade Corporation (NEXT) and Cheniere Energy, Inc. (LNG). 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.
| NEXT | LNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.10 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.54 | -1.25 |
| Martin ratioReturn relative to average drawdown | -1.03 | 1.00 | -2.03 |
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Drawdowns
NEXT vs. LNG - Drawdown Comparison
The maximum NEXT drawdown since its inception was -88.79%, smaller than the maximum LNG drawdown of -97.84%. Use the drawdown chart below to compare losses from any high point for NEXT and LNG.
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Drawdown Indicators
| NEXT | LNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.79% | -97.84% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -57.14% | -24.09% | -33.05% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -24.87% | -35.13% |
Max Drawdown (5Y)Largest decline over 5 years | -60.00% | -24.87% | -35.13% |
Max Drawdown (10Y)Largest decline over 10 years | -88.79% | -57.53% | -31.26% |
Current DrawdownCurrent decline from peak | -44.00% | -11.02% | -32.98% |
Average DrawdownAverage peak-to-trough decline | -39.00% | -43.02% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.41% | 12.86% | +27.55% |
Volatility
NEXT vs. LNG - Volatility Comparison
NextDecade Corporation (NEXT) has a higher volatility of 21.35% compared to Cheniere Energy, Inc. (LNG) at 9.48%. This indicates that NEXT's price experiences larger fluctuations and is considered to be riskier than LNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEXT | LNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.35% | 9.48% | +11.87% |
Volatility (6M)Calculated over the trailing 6-month period | 49.09% | 23.32% | +25.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.56% | 26.45% | +38.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.98% | 30.42% | +45.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.46% | 32.28% | +55.18% |
Dividends
NEXT vs. LNG - Dividend Comparison
NEXT has not paid dividends to shareholders, while LNG's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LNG Cheniere Energy, Inc. | 0.82% | 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
NEXT vs. LNG - Financials Comparison
This section allows you to compare key financial metrics between NextDecade Corporation and Cheniere 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
Frequently Asked Questions
NEXT and LNG 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 (21.35%) compared to LNG (9.48%). In terms of maximum drawdown, NEXT dropped -88.79% vs LNG's -97.84%.
LNG currently has the higher Sharpe Ratio (0.49 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.
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