OPEN vs. NFE

Last updated Jun 9, 2026

OPEN (Opendoor Technologies Inc.) and NFE (New Fortress Energy Inc.) are both stocks. OPEN operates in Real Estate - Services (Real Estate), while NFE operates in Utilities - Regulated Gas (Utilities). Over the past 5 years, OPEN returned -24.01%/yr vs -56.82%/yr for NFE. At a 0.29 correlation, their price movements are largely independent.

Performance

OPEN vs. NFE - Performance Comparison

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

Returns By Period

In the year-to-date period, OPEN achieves a -26.07% return, which is significantly higher than NFE's -53.99% return.

OPEN

• 1D: -2.49%
• 1M: -13.97%
• YTD: -26.07%
• 6M: -38.87%
• 1Y: 555.14%
• 3Y*: 22.89%
• 5Y*: -24.01%
• 10Y*: —

NFE

• 1D: 4.19%
• 1M: -25.07%
• YTD: -53.99%
• 6M: -62.80%
• 1Y: -82.34%
• 3Y*: -73.59%
• 5Y*: -56.82%
• 10Y*: —

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

OPEN vs. NFE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OPEN Opendoor Technologies Inc.	-26.07%	276.52%	-64.29%	286.21%	-92.06%	-35.72%	110.39%
NFE New Fortress Energy Inc.	-53.99%	-92.46%	-59.24%	-1.71%	77.41%	-54.42%	315.59%

Correlation

The correlation between OPEN and NFE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.29

The correlation between OPEN and NFE shifts across timeframes, from 0.12 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap OPEN : $4.13B NFE : $149.25M
EPS OPEN : -$1.74 NFE : -$6.58
PS Ratio OPEN : 0.87 NFE : 0.10
PB Ratio OPEN : 4.33 NFE : 0.82
Total Revenue (TTM) OPEN : $3.94B NFE : $1.50B
Gross Profit (TTM) OPEN : $312.00M NFE : $310.12M
EBITDA (TTM) OPEN : -$1.25B NFE : -$198.72M

Return for Risk

OPEN vs. NFE — Risk / Return Rank

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

OPEN

OPEN Risk / Return Rank: 95
OPEN Sharpe Ratio Rank: 97
OPEN Sortino Ratio Rank: 95
OPEN Omega Ratio Rank: 92
OPEN Calmar Ratio Rank: 97
OPEN Martin Ratio Rank: 93

NFE

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

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.

OPEN vs. NFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opendoor Technologies Inc. (OPEN) and New Fortress Energy Inc. (NFE). 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.

	OPEN	NFE	Difference
Sharpe ratio: Return per unit of total volatility	3.48	-0.63	+4.11
Sortino ratio: Return per unit of downside risk	4.04	-0.98	+5.02
Omega ratio: Gain probability vs. loss probability	1.47	0.89	+0.58
Calmar ratio: Return relative to maximum drawdown	9.66	-0.93	+10.59
Martin ratio: Return relative to average drawdown	15.03	-1.24	+16.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OPEN vs. NFE - Sharpe Ratio Comparison

The current OPEN Sharpe Ratio is 3.48, which is higher than the NFE Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of OPEN and NFE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OPEN	NFE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.48	-0.63	+4.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	-0.64	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	-0.41	+0.28

Drawdowns

OPEN vs. NFE - Drawdown Comparison

The maximum OPEN drawdown since its inception was -98.57%, roughly equal to the maximum NFE drawdown of -99.09%. Use the drawdown chart below to compare losses from any high point for OPEN and NFE.

Drawdown Indicators

	OPEN	NFE	Difference
Max Drawdown Largest peak-to-trough decline	-98.57%	-99.09%	+0.52%
Max Drawdown (1Y) Largest decline over 1 year	-57.96%	-89.05%	+31.09%
Max Drawdown (3Y) Largest decline over 3 years	-90.28%	-98.72%	+8.44%
Max Drawdown (5Y) Largest decline over 5 years	-97.93%	-99.09%	+1.16%
Current Drawdown Current decline from peak	-87.59%	-99.04%	+11.45%
Average Drawdown Average peak-to-trough decline	-74.59%	-46.09%	-28.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.43%	66.14%	-28.71%

Volatility

OPEN vs. NFE - Volatility Comparison

Opendoor Technologies Inc. (OPEN) and New Fortress Energy Inc. (NFE) have volatilities of 21.37% and 21.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OPEN	NFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.37%	21.09%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	52.74%	68.50%	-15.76%
Volatility (1Y) Calculated over the trailing 1-year period	161.11%	131.04%	+30.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.51%	89.68%	+23.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.45%	83.59%	+26.86%

Dividends

OPEN vs. NFE - Dividend Comparison

Neither OPEN nor NFE 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%
OPEN Opendoor Technologies Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both OPEN and NFE in my portfolio?

OPEN and NFE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OPEN or NFE?

OPEN has higher volatility (21.37%) compared to NFE (21.09%). In terms of maximum drawdown, OPEN dropped -98.57% vs NFE's -99.09%.

Which has better risk-adjusted returns?

OPEN currently has the higher Sharpe Ratio (3.48 vs -0.63), 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.