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.
Correlation
The correlation between NFE and SPY 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. SPY - Performance Comparison
Key characteristics
NFE:
-0.87
SPY:
1.87
NFE:
-1.33
SPY:
2.52
NFE:
0.84
SPY:
1.35
NFE:
-0.71
SPY:
2.81
NFE:
-1.16
SPY:
11.69
NFE:
52.19%
SPY:
2.02%
NFE:
70.21%
SPY:
12.65%
NFE:
-85.37%
SPY:
-55.19%
NFE:
-77.42%
SPY:
0.00%
Returns By Period
In the year-to-date period, NFE achieves a -18.32% return, which is significantly lower than SPY's 4.58% return.
NFE
-18.32%
-24.19%
-4.49%
-60.69%
-2.62%
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
NFE vs. SPY — Risk-Adjusted Performance Rank
NFE
SPY
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 2.43%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFE New Fortress Energy Inc. | 2.43% | 1.98% | 10.46% | 0.94% | 1.66% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NFE vs. SPY - Drawdown Comparison
The maximum NFE drawdown since its inception was -85.37%, 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 16.56% compared to SPDR S&P 500 ETF (SPY) at 3.00%. 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.