SIRI vs. NEXT
SIRI (Sirius XM Holdings Inc.) and NEXT (NextDecade Corporation) are both stocks. SIRI operates in Broadcasting (Communication Services), while NEXT operates in Oil & Gas E&P (Energy). Over the past 10 years, SIRI returned -1.29%/yr vs -1.71%/yr for NEXT. At a 0.15 correlation, their price movements are largely independent.
Performance
SIRI vs. NEXT - Performance Comparison
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Returns By Period
In the year-to-date period, SIRI achieves a 40.80% return, which is significantly lower than NEXT's 59.39% return. Over the past 10 years, SIRI has outperformed NEXT with an annualized return of -1.29%, while NEXT has yielded a comparatively lower -1.71% annualized return.
SIRI
- 1D
- -0.25%
- 1M
- 4.40%
- YTD
- 40.80%
- 6M
- 29.44%
- 1Y
- 31.77%
- 3Y*
- -6.96%
- 5Y*
- -13.30%
- 10Y*
- -1.29%
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%
SIRI vs. NEXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIRI Sirius XM Holdings Inc. | 40.80% | -7.97% | -56.93% | -4.27% | -3.21% | 0.74% | -10.11% | 26.24% | 7.28% | 21.42% |
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 SIRI and NEXT is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.15 |
The correlation between SIRI and NEXT shifts across timeframes, from -0.01 (1 year) to 0.16 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
SIRI:
$9.30B
NEXT:
$2.23B
SIRI:
$2.41
NEXT:
-$1.35
SIRI:
$8.58B
NEXT:
$0.00
SIRI:
$4.10B
NEXT:
-$15.67M
SIRI:
$1.77B
NEXT:
-$271.66M
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Return for Risk
SIRI vs. NEXT — Risk / Return Rank
SIRI
NEXT
SIRI vs. NEXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sirius XM Holdings Inc. (SIRI) 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.
| SIRI | NEXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.06 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | -0.01 | +1.84 |
| Martin ratioReturn relative to average drawdown | 3.60 | -0.01 | +3.61 |
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Drawdowns
SIRI vs. NEXT - Drawdown Comparison
The maximum SIRI drawdown since its inception was -99.92%, which is greater than NEXT's maximum drawdown of -88.79%. Use the drawdown chart below to compare losses from any high point for SIRI and NEXT.
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Drawdown Indicators
| SIRI | NEXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -88.79% | -11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -60.00% | +42.56% |
Max Drawdown (3Y)Largest decline over 3 years | -73.87% | -60.00% | -13.87% |
Max Drawdown (5Y)Largest decline over 5 years | -73.87% | -60.00% | -13.87% |
Max Drawdown (10Y)Largest decline over 10 years | -73.87% | -88.79% | +14.92% |
Current DrawdownCurrent decline from peak | -94.74% | -30.00% | -64.74% |
Average DrawdownAverage peak-to-trough decline | -80.54% | -39.02% | -41.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 41.06% | -32.21% |
Volatility
SIRI vs. NEXT - Volatility Comparison
The current volatility for Sirius XM Holdings Inc. (SIRI) is 9.98%, while NextDecade Corporation (NEXT) has a volatility of 13.03%. This indicates that SIRI experiences smaller price fluctuations and is considered to be less risky than NEXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIRI | NEXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.98% | 13.03% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 23.81% | 45.77% | -21.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.40% | 63.89% | -28.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.90% | 75.76% | -30.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.67% | 87.05% | -49.38% |
Dividends
SIRI vs. NEXT - Dividend Comparison
SIRI's dividend yield for the trailing twelve months is around 3.92%, while NEXT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NEXT NextDecade Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIRI Sirius XM Holdings Inc. | 3.92% | 5.40% | 4.68% | 1.81% | 5.82% | 1.04% | 0.86% | 0.69% | 0.79% | 0.76% | 0.22% |
Financials
SIRI vs. NEXT - Financials Comparison
This section allows you to compare key financial metrics between Sirius XM Holdings 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
SIRI and NEXT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEXT has higher volatility (13.03%) compared to SIRI (9.98%). In terms of maximum drawdown, SIRI dropped -99.92% vs NEXT's -88.79%.
SIRI currently has the higher Sharpe Ratio (0.91 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.
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