NFE vs. UP

Last updated Jun 13, 2026

NFE (New Fortress Energy Inc.) and UP (Wheels Up Experience Inc.) are both stocks. NFE operates in Utilities - Regulated Gas (Utilities), while UP operates in Airports & Air Services (Industrials). Over the past 5 years, NFE returned -56.85%/yr vs -66.71%/yr for UP. At a 0.19 correlation, their price movements are largely independent.

Performance

NFE vs. UP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Fortress Energy Inc. (NFE) and Wheels Up Experience Inc. (UP). 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 UP's -37.22% return.

NFE

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

UP

• 1D: 8.85%
• 1M: 53.45%
• YTD: -37.22%
• 6M: -41.41%
• 1Y: -71.59%
• 3Y*: -47.02%
• 5Y*: -66.71%
• 10Y*: —

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

NFE vs. UP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NFE New Fortress Energy Inc.	-55.26%	-92.46%	-59.24%	-1.71%	77.41%	-54.42%	54.93%
UP Wheels Up Experience Inc.	-37.22%	-60.22%	-51.90%	-66.70%	-77.80%	-53.46%	3.32%

Correlation

The correlation between NFE and UP is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020	0.19

The correlation between NFE and UP shifts across timeframes, from 0.09 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NFE : $145.12M UP : $297.87M
EPS NFE : -$6.58 UP : -$7.82
PS Ratio NFE : 0.09 UP : 0.40
Total Revenue (TTM) NFE : $1.50B UP : $727.89M
Gross Profit (TTM) NFE : $310.12M UP : $27.38M
EBITDA (TTM) NFE : -$198.72M UP : -$176.99M

Return for Risk

NFE vs. UP — 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

UP

UP Risk / Return Rank: 20
UP Sharpe Ratio Rank: 19
UP Sortino Ratio Rank: 23
UP Omega Ratio Rank: 23
UP Calmar Ratio Rank: 13
UP Martin Ratio Rank: 20

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. UP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Fortress Energy Inc. (NFE) and Wheels Up Experience Inc. (UP). 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	UP	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	-0.53	-0.11
Sortino ratio: Return per unit of downside risk	-1.03	-0.41	-0.62
Omega ratio: Gain probability vs. loss probability	0.88	0.95	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.78	-0.16
Martin ratio: Return relative to average drawdown	-1.24	-1.08	-0.16

NFE vs. UP - Sharpe Ratio Comparison

The current NFE Sharpe Ratio is -0.64, which is comparable to the UP Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of NFE and UP, 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. UP - Drawdown Comparison

The maximum NFE drawdown since its inception was -99.09%, roughly equal to the maximum UP drawdown of -99.78%. Use the drawdown chart below to compare losses from any high point for NFE and UP.

Drawdown Indicators

	NFE	UP	Difference
Max Drawdown Largest peak-to-trough decline	-99.09%	-99.78%	+0.69%
Max Drawdown (1Y) Largest decline over 1 year	-89.05%	-92.39%	+3.34%
Max Drawdown (3Y) Largest decline over 3 years	-98.72%	-95.63%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-99.09%	-99.78%	+0.69%
Current Drawdown Current decline from peak	-99.07%	-99.64%	+0.57%
Average Drawdown Average peak-to-trough decline	-46.19%	-78.91%	+32.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.00%	66.44%	+0.56%

Volatility

NFE vs. UP - Volatility Comparison

The current volatility for New Fortress Energy Inc. (NFE) is 20.39%, while Wheels Up Experience Inc. (UP) has a volatility of 39.97%. This indicates that NFE experiences smaller price fluctuations and is considered to be less risky than UP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFE	UP	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.39%	39.97%	-19.58%
Volatility (6M) Calculated over the trailing 6-month period	66.81%	97.68%	-30.87%
Volatility (1Y) Calculated over the trailing 1-year period	130.55%	135.85%	-5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.52%	121.23%	-31.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.50%	115.04%	-31.54%

Dividends

NFE vs. UP - Dividend Comparison

Neither NFE nor UP has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
NFE New Fortress Energy Inc.	0.00%	0.00%	1.98%	10.46%	0.94%	1.66%	0.37%
UP Wheels Up Experience Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NFE and UP in my portfolio?

NFE and UP have a correlation of 0.09, 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 UP?

UP has higher volatility (39.97%) compared to NFE (20.39%). In terms of maximum drawdown, NFE dropped -99.09% vs UP's -99.78%.

Which has better risk-adjusted returns?

UP currently has the higher Sharpe Ratio (-0.53 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.