NFE vs. HACAX
Compare and contrast key facts about New Fortress Energy Inc. (NFE) and Harbor Capital Appreciation Fund Class I (HACAX).
HACAX is managed by Harbor Funds. It was launched on Dec 29, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFE or HACAX.
Key characteristics
| NFE | HACAX | |
|---|---|---|
| YTD Return | -27.93% | 9.73% |
| 1Y Return | -7.81% | 41.72% |
| 3Y Return (Ann) | -11.59% | 4.98% |
| 5Y Return (Ann) | 21.15% | 15.39% |
| Sharpe Ratio | -0.11 | 2.51 |
| Daily Std Dev | 43.91% | 17.87% |
| Max Drawdown | -65.86% | -63.00% |
| Current Drawdown | -51.11% | -4.71% |
Correlation
The correlation between NFE and HACAX is 0.36, 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.
Performance
NFE vs. HACAX - Performance Comparison
In the year-to-date period, NFE achieves a -27.93% return, which is significantly lower than HACAX's 9.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NFE vs. HACAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Fortress Energy Inc. (NFE) and Harbor Capital Appreciation Fund Class I (HACAX). 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.
Dividends
NFE vs. HACAX - Dividend Comparison
NFE's dividend yield for the trailing twelve months is around 1.48%, while HACAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFE New Fortress Energy Inc. | 1.48% | 10.46% | 0.94% | 1.66% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HACAX Harbor Capital Appreciation Fund Class I | 0.00% | 0.00% | 0.00% | 18.64% | 12.25% | 8.88% | 10.97% | 11.56% | 6.26% | 6.83% | 6.52% | 3.13% |
Drawdowns
NFE vs. HACAX - Drawdown Comparison
The maximum NFE drawdown since its inception was -65.86%, roughly equal to the maximum HACAX drawdown of -63.00%. Use the drawdown chart below to compare losses from any high point for NFE and HACAX. For additional features, visit the drawdowns tool.
Volatility
NFE vs. HACAX - Volatility Comparison
New Fortress Energy Inc. (NFE) has a higher volatility of 7.19% compared to Harbor Capital Appreciation Fund Class I (HACAX) at 5.97%. This indicates that NFE's price experiences larger fluctuations and is considered to be riskier than HACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.