NFE vs. MBX

Last updated Jun 13, 2026

NFE (New Fortress Energy Inc.) and MBX (MBX Biosciences, Inc) are both stocks. NFE operates in Utilities - Regulated Gas (Utilities), while MBX operates in Biotechnology (Healthcare). Over the past year, NFE returned -82.94% vs 231.25% for MBX. At a 0.08 correlation, their price movements are largely independent.

Performance

NFE vs. MBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Fortress Energy Inc. (NFE) and MBX Biosciences, Inc (MBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NFE achieves a -55.26% return, which is significantly lower than MBX's 12.59% return.

NFE

• 1D: -3.41%
• 1M: -31.48%
• YTD: -55.26%
• 6M: -59.52%
• 1Y: -82.94%
• 3Y*: -74.07%
• 5Y*: -56.85%
• 10Y*: —

MBX

• 1D: -4.67%
• 1M: -5.31%
• YTD: 12.59%
• 6M: 18.92%
• 1Y: 231.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NFE vs. MBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFE New Fortress Energy Inc.	-55.26%	-92.46%	39.87%
MBX MBX Biosciences, Inc	12.59%	71.13%	-19.87%

Correlation

The correlation between NFE and MBX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024	0.08

The correlation between NFE and MBX shifts across timeframes, from -0.02 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NFE : $145.12M MBX : $1.65B
EPS NFE : -$6.58 MBX : -$2.30
PB Ratio NFE : 0.79 MBX : 3.78
Total Revenue (TTM) NFE : $1.50B MBX : $0.00
Gross Profit (TTM) NFE : $310.12M MBX : -$160.00K
EBITDA (TTM) NFE : -$198.72M MBX : -$96.31M

Return for Risk

NFE vs. MBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NFE

NFE Risk / Return Rank: 12
NFE Sharpe Ratio Rank: 15
NFE Sortino Ratio Rank: 12
NFE Omega Ratio Rank: 13
NFE Calmar Ratio Rank: 5
NFE Martin Ratio Rank: 14

MBX

MBX Risk / Return Rank: 91
MBX Sharpe Ratio Rank: 86
MBX Sortino Ratio Rank: 93
MBX Omega Ratio Rank: 89
MBX Calmar Ratio Rank: 95
MBX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NFE vs. MBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Fortress Energy Inc. (NFE) and MBX Biosciences, Inc (MBX). 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.

	NFE	MBX	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	1.72	-2.36
Sortino ratio: Return per unit of downside risk	-1.03	3.41	-4.44
Omega ratio: Gain probability vs. loss probability	0.88	1.39	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.93	6.19	-7.13
Martin ratio: Return relative to average drawdown	-1.24	11.83	-13.07

NFE vs. MBX - Sharpe Ratio Comparison

The current NFE Sharpe Ratio is -0.64, which is lower than the MBX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of NFE and MBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NFE vs. MBX - Drawdown Comparison

The maximum NFE drawdown since its inception was -99.09%, which is greater than MBX's maximum drawdown of -77.71%. Use the drawdown chart below to compare losses from any high point for NFE and MBX.

Drawdown Indicators

	NFE	MBX	Difference
Max Drawdown Largest peak-to-trough decline	-99.09%	-77.71%	-21.38%
Max Drawdown (1Y) Largest decline over 1 year	-89.05%	-37.60%	-51.45%
Max Drawdown (3Y) Largest decline over 3 years	-98.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.09%	—	—
Current Drawdown Current decline from peak	-99.07%	-17.69%	-81.38%
Average Drawdown Average peak-to-trough decline	-46.19%	-34.85%	-11.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.00%	19.65%	+47.35%

Volatility

NFE vs. MBX - Volatility Comparison

The current volatility for New Fortress Energy Inc. (NFE) is 20.39%, while MBX Biosciences, Inc (MBX) has a volatility of 24.53%. This indicates that NFE experiences smaller price fluctuations and is considered to be less risky than MBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFE	MBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.39%	24.53%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	66.81%	60.13%	+6.68%
Volatility (1Y) Calculated over the trailing 1-year period	130.55%	135.18%	-4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.52%	119.14%	-29.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.50%	119.14%	-35.64%

Dividends

NFE vs. MBX - Dividend Comparison

Neither NFE nor MBX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
MBX MBX Biosciences, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NFE New Fortress Energy Inc.	0.00%	0.00%	1.98%	10.46%	0.94%	1.66%	0.37%

Financials

Frequently Asked Questions

Can I hold both NFE and MBX in my portfolio?

NFE and MBX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFE or MBX?

MBX has higher volatility (24.53%) compared to NFE (20.39%). In terms of maximum drawdown, NFE dropped -99.09% vs MBX's -77.71%.

Which has better risk-adjusted returns?

MBX currently has the higher Sharpe Ratio (1.72 vs -0.64), 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.