PLUG vs. NEXT
PLUG (Plug Power Inc.) and NEXT (NextDecade Corporation) are both stocks. PLUG operates in Electrical Equipment & Parts (Industrials), while NEXT operates in Oil & Gas E&P (Energy). Over the past 10 years, PLUG returned 4.78%/yr vs -1.71%/yr for NEXT. At a 0.19 correlation, their price movements are largely independent.
Performance
PLUG vs. NEXT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLUG achieves a 40.10% return, which is significantly lower than NEXT's 59.39% return. Over the past 10 years, PLUG has outperformed NEXT with an annualized return of 4.78%, while NEXT has yielded a comparatively lower -1.71% annualized return.
PLUG
- 1D
- -2.47%
- 1M
- -30.30%
- YTD
- 40.10%
- 6M
- 18.97%
- 1Y
- 112.31%
- 3Y*
- -36.75%
- 5Y*
- -38.69%
- 10Y*
- 4.78%
NEXT
- 1D
- 1.69%
- 1M
- -1.64%
- YTD
- 59.39%
- 6M
- 53.85%
- 1Y
- -0.47%
- 3Y*
- 17.87%
- 5Y*
- 14.49%
- 10Y*
- -1.71%
PLUG vs. NEXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLUG Plug Power Inc. | 40.10% | -7.51% | -52.67% | -63.62% | -56.18% | -16.75% | 973.10% | 154.84% | -47.46% | 96.67% |
NEXT NextDecade Corporation | 59.39% | -31.65% | 61.64% | -3.44% | 73.33% | 36.36% | -65.96% | 13.70% | -35.10% | -17.79% |
Correlation
The correlation between PLUG and NEXT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.19 |
The correlation between PLUG and NEXT shifts across timeframes, from 0.14 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PLUG:
$3.84B
NEXT:
$2.23B
PLUG:
-$1.39
NEXT:
-$1.35
PLUG:
$739.76M
NEXT:
$0.00
PLUG:
-$189.79M
NEXT:
-$15.67M
PLUG:
-$745.89M
NEXT:
-$271.66M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PLUG vs. NEXT — Risk / Return Rank
PLUG
NEXT
PLUG vs. NEXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) and NextDecade Corporation (NEXT). 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.
| PLUG | NEXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.06 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | -0.01 | +2.00 |
| Martin ratioReturn relative to average drawdown | 3.38 | -0.01 | +3.39 |
Loading charts...
Drawdowns
PLUG vs. NEXT - Drawdown Comparison
The maximum PLUG drawdown since its inception was -99.99%, which is greater than NEXT's maximum drawdown of -88.79%. Use the drawdown chart below to compare losses from any high point for PLUG and NEXT.
Loading charts...
Drawdown Indicators
| PLUG | NEXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -88.79% | -11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -56.66% | -60.00% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -94.69% | -60.00% | -34.69% |
Max Drawdown (5Y)Largest decline over 5 years | -98.43% | -60.00% | -38.43% |
Max Drawdown (10Y)Largest decline over 10 years | -99.04% | -88.79% | -10.25% |
Current DrawdownCurrent decline from peak | -99.82% | -30.00% | -69.82% |
Average DrawdownAverage peak-to-trough decline | -96.21% | -39.02% | -57.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 41.06% | -7.67% |
Volatility
PLUG vs. NEXT - Volatility Comparison
Plug Power Inc. (PLUG) has a higher volatility of 26.34% compared to NextDecade Corporation (NEXT) at 13.03%. This indicates that PLUG's price experiences larger fluctuations and is considered to be riskier than NEXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PLUG | NEXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.34% | 13.03% | +13.31% |
Volatility (6M)Calculated over the trailing 6-month period | 64.10% | 45.77% | +18.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.06% | 63.89% | +44.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.54% | 75.76% | +18.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.47% | 87.05% | +2.42% |
Dividends
PLUG vs. NEXT - Dividend Comparison
Neither PLUG nor NEXT has paid dividends to shareholders.
Financials
PLUG vs. NEXT - Financials Comparison
This section allows you to compare key financial metrics between Plug Power Inc. and NextDecade Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
PLUG and NEXT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLUG has higher volatility (26.34%) compared to NEXT (13.03%). In terms of maximum drawdown, PLUG dropped -99.99% vs NEXT's -88.79%.
PLUG currently has the higher Sharpe Ratio (1.05 vs -0.01), 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.
Find the right allocation for PLUG and NEXT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer