NRGV vs. ESS

Last updated Apr 1, 2026

Compare and contrast key facts about Energy Vault Holdings, Inc. (NRGV) and Essex Property Trust, Inc. (ESS).

Performance

NRGV vs. ESS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Energy Vault Holdings, Inc. (NRGV) and Essex Property Trust, Inc. (ESS). The values are adjusted to include any dividend payments, if applicable.

NRGV vs. ESS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NRGV Energy Vault Holdings, Inc.	-28.42%	102.19%	-2.15%	-25.32%	-66.77%
ESS Essex Property Trust, Inc.	-5.60%	-4.98%	18.36%	21.97%	-30.70%

Fundamentals

EPS NRGV : -$0.64 ESS : $13.60
PS Ratio NRGV : 2.64 ESS : 5.51
Total Revenue (TTM) NRGV : $203.67M ESS : $1.89B
Gross Profit (TTM) NRGV : $47.99M ESS : $1.39B
EBITDA (TTM) NRGV : -$75.02M ESS : $1.65B

Returns By Period

In the year-to-date period, NRGV achieves a -28.42% return, which is significantly lower than ESS's -5.60% return.

NRGV

• 1D: 2.48%
• 1M: 10.00%
• YTD: -28.42%
• 6M: 11.11%
• 1Y: 374.55%
• 3Y*: 15.53%
• 5Y*: —
• 10Y*: —

ESS

• 1D: 0.82%
• 1M: -4.12%
• YTD: -5.60%
• 6M: -7.70%
• 1Y: -17.89%
• 3Y*: 9.07%
• 5Y*: 0.92%
• 10Y*: 3.77%

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

Return for Risk

NRGV vs. ESS — Risk / Return Rank

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

NRGV

NRGV Risk / Return Rank: 95
NRGV Sharpe Ratio Rank: 97
NRGV Sortino Ratio Rank: 93
NRGV Omega Ratio Rank: 91
NRGV Calmar Ratio Rank: 97
NRGV Martin Ratio Rank: 95

ESS

ESS Risk / Return Rank: 13
ESS Sharpe Ratio Rank: 11
ESS Sortino Ratio Rank: 13
ESS Omega Ratio Rank: 14
ESS Calmar Ratio Rank: 10
ESS Martin Ratio Rank: 15

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.

NRGV vs. ESS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Energy Vault Holdings, Inc. (NRGV) and Essex Property Trust, Inc. (ESS). 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.

	NRGV	ESS	Difference
Sharpe ratio Return per unit of total volatility	3.31	-0.73	+4.04
Sortino ratio Return per unit of downside risk	3.27	-0.87	+4.15
Omega ratio Gain probability vs. loss probability	1.40	0.89	+0.52
Calmar ratio Return relative to maximum drawdown	7.20	-0.86	+8.07
Martin ratio Return relative to average drawdown	15.79	-1.32	+17.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRGV vs. ESS - Sharpe Ratio Comparison

The current NRGV Sharpe Ratio is 3.31, which is higher than the ESS Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of NRGV and ESS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NRGV	ESS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.31	-0.73	+4.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	0.49	-0.68

Correlation

The correlation between NRGV and ESS is 0.16, 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.

Dividends

NRGV vs. ESS - Dividend Comparison

NRGV has not paid dividends to shareholders, while ESS's dividend yield for the trailing twelve months is around 4.26%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NRGV Energy Vault Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ESS Essex Property Trust, Inc.	4.26%	3.88%	2.57%	3.73%	4.15%	2.37%	3.50%	2.59%	3.03%	2.90%	2.75%	2.41%

Drawdowns

NRGV vs. ESS - Drawdown Comparison

The maximum NRGV drawdown since its inception was -97.09%, which is greater than ESS's maximum drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for NRGV and ESS.

Drawdown Indicators

	NRGV	ESS	Difference
Max Drawdown Largest peak-to-trough decline	-97.09%	-62.67%	-34.42%
Max Drawdown (1Y) Largest decline over 1 year	-50.91%	-19.74%	-31.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.84%	—
Current Drawdown Current decline from peak	-84.75%	-21.48%	-63.27%
Average Drawdown Average peak-to-trough decline	-82.94%	-10.84%	-72.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.22%	12.88%	+10.34%

Volatility

NRGV vs. ESS - Volatility Comparison

Energy Vault Holdings, Inc. (NRGV) has a higher volatility of 23.06% compared to Essex Property Trust, Inc. (ESS) at 4.77%. This indicates that NRGV's price experiences larger fluctuations and is considered to be riskier than ESS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGV	ESS	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.06%	4.77%	+18.29%
Volatility (6M) Calculated over the trailing 6-month period	74.70%	13.74%	+60.96%
Volatility (1Y) Calculated over the trailing 1-year period	114.20%	24.52%	+89.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.73%	23.78%	+89.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.73%	25.83%	+87.90%

Financials

NRGV vs. ESS - Profitability Comparison

The chart below illustrates the profitability comparison between Energy Vault Holdings, Inc. and Essex Property Trust, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NRGV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Energy Vault Holdings, Inc. reported a gross profit of 31.59M and revenue of 153.31M. Therefore, the gross margin over that period was 20.6%.

ESS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Essex Property Trust, Inc. reported a gross profit of 338.13M and revenue of 479.63M. Therefore, the gross margin over that period was 70.5%.

NRGV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Energy Vault Holdings, Inc. reported an operating income of -7.74M and revenue of 153.31M, resulting in an operating margin of -5.1%.

ESS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Essex Property Trust, Inc. reported an operating income of 210.82M and revenue of 479.63M, resulting in an operating margin of 44.0%.

NRGV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Energy Vault Holdings, Inc. reported a net income of -20.73M and revenue of 153.31M, resulting in a net margin of -13.5%.

ESS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Essex Property Trust, Inc. reported a net income of -5.17M and revenue of 479.63M, resulting in a net margin of -1.1%.