UP vs. NFE

Last updated Jun 13, 2026

UP (Wheels Up Experience Inc.) and NFE (New Fortress Energy Inc.) are both stocks. UP operates in Airports & Air Services (Industrials), while NFE operates in Utilities - Regulated Gas (Utilities). Over the past 5 years, UP returned -66.71%/yr vs -56.85%/yr for NFE. At a 0.19 correlation, their price movements are largely independent.

Performance

UP vs. NFE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wheels Up Experience Inc. (UP) 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, UP achieves a -37.22% return, which is significantly higher than NFE's -55.26% return.

UP

• 1D: 8.85%
• 1M: 53.45%
• YTD: -37.22%
• 6M: -41.41%
• 1Y: -71.59%
• 3Y*: -47.02%
• 5Y*: -66.71%
• 10Y*: —

NFE

• 1D: -3.41%
• 1M: -31.48%
• YTD: -55.26%
• 6M: -59.52%
• 1Y: -82.94%
• 3Y*: -74.07%
• 5Y*: -56.85%
• 10Y*: —

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

UP vs. NFE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UP Wheels Up Experience Inc.	-37.22%	-60.22%	-51.90%	-66.70%	-77.80%	-53.46%	3.32%
NFE New Fortress Energy Inc.	-55.26%	-92.46%	-59.24%	-1.71%	77.41%	-54.42%	54.93%

Correlation

The correlation between UP and NFE is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020	0.19

The correlation between UP and NFE shifts across timeframes, from 0.09 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap UP : $297.87M NFE : $145.12M
EPS UP : -$7.82 NFE : -$6.58
PS Ratio UP : 0.40 NFE : 0.09
Total Revenue (TTM) UP : $727.89M NFE : $1.50B
Gross Profit (TTM) UP : $27.38M NFE : $310.12M
EBITDA (TTM) UP : -$176.99M NFE : -$198.72M

Return for Risk

UP vs. NFE — Risk / Return Rank

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

UP

UP Risk / Return Rank: 20
UP Sharpe Ratio Rank: 19
UP Sortino Ratio Rank: 23
UP Omega Ratio Rank: 23
UP Calmar Ratio Rank: 13
UP Martin Ratio Rank: 20

NFE

NFE Risk / Return Rank: 12
NFE Sharpe Ratio Rank: 15
NFE Sortino Ratio Rank: 12
NFE Omega Ratio Rank: 13
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.

UP vs. NFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wheels Up Experience Inc. (UP) 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.

	UP	NFE	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	-0.64	+0.11
Sortino ratio: Return per unit of downside risk	-0.41	-1.03	+0.62
Omega ratio: Gain probability vs. loss probability	0.95	0.88	+0.07
Calmar ratio: Return relative to maximum drawdown	-0.78	-0.93	+0.16
Martin ratio: Return relative to average drawdown	-1.08	-1.24	+0.16

UP vs. NFE - Sharpe Ratio Comparison

The current UP Sharpe Ratio is -0.53, which is comparable to the NFE Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of UP 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

UP vs. NFE - Drawdown Comparison

The maximum UP drawdown since its inception was -99.78%, roughly equal to the maximum NFE drawdown of -99.09%. Use the drawdown chart below to compare losses from any high point for UP and NFE.

Drawdown Indicators

	UP	NFE	Difference
Max Drawdown Largest peak-to-trough decline	-99.78%	-99.09%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-92.39%	-89.05%	-3.34%
Max Drawdown (3Y) Largest decline over 3 years	-95.63%	-98.72%	+3.09%
Max Drawdown (5Y) Largest decline over 5 years	-99.78%	-99.09%	-0.69%
Current Drawdown Current decline from peak	-99.64%	-99.07%	-0.57%
Average Drawdown Average peak-to-trough decline	-78.91%	-46.19%	-32.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.44%	67.00%	-0.56%

Volatility

UP vs. NFE - Volatility Comparison

Wheels Up Experience Inc. (UP) has a higher volatility of 39.97% compared to New Fortress Energy Inc. (NFE) at 20.39%. This indicates that UP'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

	UP	NFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.97%	20.39%	+19.58%
Volatility (6M) Calculated over the trailing 6-month period	97.68%	66.81%	+30.87%
Volatility (1Y) Calculated over the trailing 1-year period	135.85%	130.55%	+5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.23%	89.52%	+31.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.04%	83.50%	+31.54%

Dividends

UP vs. NFE - Dividend Comparison

Neither UP 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%
UP Wheels Up Experience Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both UP and NFE in my portfolio?

UP and NFE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UP or NFE?

UP has higher volatility (39.97%) compared to NFE (20.39%). In terms of maximum drawdown, UP dropped -99.78% vs NFE's -99.09%.

Which has better risk-adjusted returns?

UP currently has the higher Sharpe Ratio (-0.53 vs -0.64), 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.