DFDV vs. NXT
DFDV (DeFi Development Corp) and NXT (Nextracker Inc) are both stocks. Both are in the Technology sector — DFDV in Software - Infrastructure, NXT in Solar. Over the past year, DFDV returned -86.75% vs 100.76% for NXT. At a 0.09 correlation, their price movements are largely independent.
Performance
DFDV vs. NXT - Performance Comparison
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Returns By Period
In the year-to-date period, DFDV achieves a -38.61% return, which is significantly lower than NXT's 39.92% return.
DFDV
- 1D
- 5.08%
- 1M
- -35.42%
- YTD
- -38.61%
- 6M
- -44.24%
- 1Y
- -86.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NXT
- 1D
- 1.84%
- 1M
- -15.53%
- YTD
- 39.92%
- 6M
- 40.50%
- 1Y
- 100.76%
- 3Y*
- 42.45%
- 5Y*
- —
- 10Y*
- —
DFDV vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFDV DeFi Development Corp | -38.61% | 700.93% | -41.08% | -74.25% |
NXT Nextracker Inc | 39.92% | 138.46% | -22.03% | 18.88% |
Correlation
The correlation between DFDV and NXT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.09 |
Fundamentals
DFDV:
$81.40M
NXT:
$18.85B
DFDV:
-$6.55
NXT:
$3.83
DFDV:
5.38
NXT:
5.23
DFDV:
7.99
NXT:
8.08
DFDV:
$13.76M
NXT:
$3.56B
DFDV:
$13.42M
NXT:
$1.16B
DFDV:
-$117.94M
NXT:
$731.65M
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Return for Risk
DFDV vs. NXT — Risk / Return Rank
DFDV
NXT
DFDV vs. NXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DeFi Development Corp (DFDV) and Nextracker Inc (NXT). 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.
| DFDV | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.27 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.72 | -4.70 |
| Martin ratioReturn relative to average drawdown | -1.28 | 9.21 | -10.49 |
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Drawdowns
DFDV vs. NXT - Drawdown Comparison
The maximum DFDV drawdown since its inception was -93.13%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for DFDV and NXT.
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Drawdown Indicators
| DFDV | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -48.61% | -44.52% |
Max Drawdown (1Y)Largest decline over 1 year | -90.66% | -28.42% | -62.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -48.61% | — |
Current DrawdownCurrent decline from peak | -91.98% | -22.07% | -69.91% |
Average DrawdownAverage peak-to-trough decline | -72.84% | -15.35% | -57.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.13% | 11.45% | +58.68% |
Volatility
DFDV vs. NXT - Volatility Comparison
DeFi Development Corp (DFDV) and Nextracker Inc (NXT) have volatilities of 28.47% and 28.43%, 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.
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Volatility by Period
| DFDV | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.47% | 28.43% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 84.19% | 50.28% | +33.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.72% | 65.83% | +65.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 518.02% | 60.76% | +457.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 518.02% | 60.76% | +457.26% |
Dividends
DFDV vs. NXT - Dividend Comparison
Neither DFDV nor NXT has paid dividends to shareholders.
Financials
DFDV vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between DeFi Development Corp and Nextracker Inc. 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
DFDV and NXT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFDV has higher volatility (28.47%) compared to NXT (28.43%). In terms of maximum drawdown, DFDV dropped -93.13% vs NXT's -48.61%.
NXT currently has the higher Sharpe Ratio (1.61 vs -0.69), 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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