NEXT vs. XLE
Compare and contrast key facts about NextDecade Corporation (NEXT) and State Street Energy Select Sector SPDR ETF (XLE).
XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Performance
NEXT vs. XLE - Performance Comparison
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NEXT vs. XLE - 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% |
XLE State Street Energy Select Sector SPDR ETF | 37.91% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Returns By Period
In the year-to-date period, NEXT achieves a 45.35% return, which is significantly higher than XLE's 37.91% return. Over the past 10 years, NEXT has underperformed XLE with an annualized return of -2.53%, while XLE has yielded a comparatively higher 11.65% 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%
XLE
- 1D
- -1.13%
- 1M
- 10.27%
- YTD
- 37.91%
- 6M
- 39.21%
- 1Y
- 35.32%
- 3Y*
- 17.71%
- 5Y*
- 23.99%
- 10Y*
- 11.65%
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Return for Risk
NEXT vs. XLE — Risk / Return Rank
NEXT
XLE
NEXT vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextDecade Corporation (NEXT) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.02 | 1.42 | -1.45 |
Sortino ratioReturn per unit of downside risk | 0.44 | 1.84 | -1.40 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.28 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.96 | -2.04 |
Martin ratioReturn relative to average drawdown | -0.13 | 5.16 | -5.28 |
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 | XLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.42 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.93 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.40 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.32 | -0.34 |
Correlation
The correlation between NEXT and XLE is 0.30, 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. XLE - Dividend Comparison
NEXT has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 2.44%.
| 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.44% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Drawdowns
NEXT vs. XLE - Drawdown Comparison
The maximum NEXT drawdown since its inception was -88.79%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for NEXT and XLE.
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Drawdown Indicators
| NEXT | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.79% | -71.26% | -17.53% |
Max Drawdown (1Y)Largest decline over 1 year | -60.00% | -18.79% | -41.21% |
Max Drawdown (5Y)Largest decline over 5 years | -62.23% | -26.04% | -36.19% |
Max Drawdown (10Y)Largest decline over 10 years | -88.79% | -66.81% | -21.98% |
Current DrawdownCurrent decline from peak | -36.17% | -2.08% | -34.09% |
Average DrawdownAverage peak-to-trough decline | -39.14% | -18.05% | -21.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.38% | 7.14% | +31.24% |
Volatility
NEXT vs. XLE - Volatility Comparison
NextDecade Corporation (NEXT) has a higher volatility of 22.31% compared to State Street Energy Select Sector SPDR ETF (XLE) at 5.05%. This indicates that NEXT's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEXT | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.31% | 5.05% | +17.26% |
Volatility (6M)Calculated over the trailing 6-month period | 42.32% | 13.94% | +28.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.17% | 24.93% | +41.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.69% | 26.06% | +57.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.55% | 29.48% | +57.07% |