SOC vs. NFE

Last updated Aug 1, 2026

SOC (Sable Offshore Corp) and NFE (New Fortress Energy Inc.) are both stocks. SOC operates in Oil & Gas Drilling (Energy), while NFE operates in Utilities - Regulated Gas (Utilities). Over the past year, SOC returned -82.14% vs -88.56% for NFE. Their 0.22 correlation means their historical movements had little consistent relationship.

Performance

SOC vs. NFE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sable Offshore Corp (SOC) 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, SOC achieves a -41.35% return, which is significantly higher than NFE's -71.71% return.

SOC

• 1D: 18.08%
• 1M: 24.47%
• 6M: -45.35%
• YTD: -41.35%
• 1Y: -82.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -28.38%

NFE

• 1D: -2.63%
• 1M: -10.39%
• 6M: -75.75%
• YTD: -71.71%
• 1Y: -88.56%
• 3Y*: -77.39%
• 5Y*: -58.60%
• 10Y*: —
• ALL TIME*: -37.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NFE New Fortress Energy Inc.	$714.28K	$790.75K	$2.39M
SOC Sable Offshore Corp	$33.45M	$46.35M	$55.95M

SOC vs. NFE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOC Sable Offshore Corp	-41.35%	-60.61%	90.67%
NFE New Fortress Energy Inc.	-71.71%	-92.46%	-51.10%

Correlation

The correlation between SOC and NFE is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (All Time) Calculated using the full available price history since Feb 15, 2024	0.22

The correlation between SOC and NFE shifts across timeframes, from 0.12 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SOC : $526.39M NFE : $92.12M
EPS SOC : -$0.01 NFE : -$6.52
PS Ratio SOC : 199.59K NFE : 0.06
PB Ratio SOC : 1.80K NFE : 0.50
Total Revenue (TTM) SOC : $1.27M NFE : $1.50B
Gross Profit (TTM) SOC : -$11.08M NFE : $310.12M
EBITDA (TTM) SOC : -$337.95M NFE : -$198.72M

Return for Risk

SOC vs. NFE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SOC

SOC Risk / Return Rank: 16
SOC Sharpe Ratio Rank: 20
SOC Sortino Ratio Rank: 22
SOC Omega Ratio Rank: 22
SOC Calmar Ratio Rank: 7
SOC Martin Ratio Rank: 10

NFE

NFE Risk / Return Rank: 7
NFE Sharpe Ratio Rank: 12
NFE Sortino Ratio Rank: 6
NFE Omega Ratio Rank: 7
NFE Calmar Ratio Rank: 3
NFE Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SOC vs. NFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sable Offshore Corp (SOC) 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.

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.

	SOC	NFE	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	-0.73	+0.20
Sortino ratio: Return per unit of downside risk	-0.47	-1.61	+1.14
Omega ratio: Gain probability vs. loss probability	0.94	0.81	+0.13
Calmar ratio: Return relative to maximum drawdown	-0.92	-0.98	+0.06
Martin ratio: Return relative to average drawdown	-1.34	-1.34	-0.01

SOC vs. NFE - Sharpe Ratio Comparison

The current SOC Sharpe Ratio is -0.53, which is comparable to the NFE Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of SOC 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.

Drawdowns

SOC vs. NFE - Drawdown Comparison

The maximum SOC drawdown since its inception was -90.67%, smaller than the maximum NFE drawdown of -99.41%. Use the drawdown chart below to compare losses from any high point for SOC and NFE.

Drawdown Indicators

	SOC	NFE	Difference
Max Drawdown Largest peak-to-trough decline	-90.67%	-99.41%	+8.74%
Max Drawdown (1Y) Largest decline over 1 year	-89.88%	-90.14%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-99.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.41%	—
Current Drawdown Current decline from peak	-83.98%	-99.41%	+15.43%
Average Drawdown Average peak-to-trough decline	-33.75%	-47.12%	+13.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	61.78%	65.80%	-4.02%

Volatility

SOC vs. NFE - Volatility Comparison

Sable Offshore Corp (SOC) has a higher volatility of 29.06% compared to New Fortress Energy Inc. (NFE) at 24.33%. This indicates that SOC's price experiences larger fluctuations and is considered to be riskier than NFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOC	NFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.06%	24.33%	+4.73%
Volatility (6M) Calculated over the trailing 6-month period	114.80%	63.97%	+50.83%
Volatility (1Y) Calculated over the trailing 1-year period	157.42%	121.41%	+36.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.34%	90.56%	+28.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.34%	83.70%	+35.64%

Dividends

SOC vs. NFE - Dividend Comparison

Neither SOC 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%
SOC Sable Offshore Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both SOC and NFE in my portfolio?

SOC 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, SOC or NFE?

SOC has higher volatility (29.06%) compared to NFE (24.33%). In terms of maximum drawdown, SOC dropped -90.67% vs NFE's -99.41%.

Which has better risk-adjusted returns?

SOC currently has the higher Sharpe Ratio (-0.53 vs -0.73), 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.