NFE vs. SPY
Compare and contrast key facts about New Fortress Energy Inc. (NFE) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFE or SPY.
Key characteristics
| NFE | SPY | |
|---|---|---|
| YTD Return | -27.93% | 7.26% |
| 1Y Return | -7.81% | 25.03% |
| 3Y Return (Ann) | -11.59% | 8.37% |
| 5Y Return (Ann) | 21.15% | 13.44% |
| Sharpe Ratio | -0.11 | 2.35 |
| Daily Std Dev | 43.91% | 11.68% |
| Max Drawdown | -65.86% | -55.19% |
| Current Drawdown | -51.11% | -2.85% |
Correlation
The correlation between NFE and SPY is 0.39, 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. SPY - Performance Comparison
In the year-to-date period, NFE achieves a -27.93% return, which is significantly lower than SPY's 7.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NFE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Fortress Energy Inc. (NFE) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NFE's dividend yield for the trailing twelve months is around 1.48%, more than SPY's 1.32% yield.
| 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% |
SPY SPDR S&P 500 ETF | 1.32% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NFE vs. SPY - Drawdown Comparison
The maximum NFE drawdown since its inception was -65.86%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NFE and SPY. For additional features, visit the drawdowns tool.
Volatility
NFE vs. SPY - Volatility Comparison
New Fortress Energy Inc. (NFE) has a higher volatility of 7.19% compared to SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that NFE's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.