ENPH vs. NXT
ENPH (Enphase Energy, Inc.) and NXT (Nextpower Inc.) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 3 years, ENPH returned -37.03%/yr vs 27.52%/yr for NXT. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
ENPH vs. NXT - Performance Comparison
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Returns By Period
In the year-to-date period, ENPH achieves a 17.13% return, which is significantly higher than NXT's 3.17% return.
ENPH
- 1D
- 0.43%
- 1M
- -12.84%
- 6M
- 1.51%
- YTD
- 17.13%
- 1Y
- 19.44%
- 3Y*
- -37.03%
- 5Y*
- -27.67%
- 10Y*
- 35.57%
- ALL TIME*
- 11.89%
NXT
- 1D
- -7.25%
- 1M
- -20.36%
- 6M
- -23.25%
- YTD
- 3.17%
- 1Y
- 58.87%
- 3Y*
- 27.52%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 36.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $194.87M | $189.47M | $367.78M | |
| $307.85M | $314.33M | $370.01M |
ENPH vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENPH Enphase Energy, Inc. | 17.13% | -53.33% | -48.02% | -39.63% |
NXT Nextpower Inc. | 3.17% | 138.46% | -22.03% | 54.57% |
Correlation
The correlation between ENPH and NXT is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.55 |
The correlation between ENPH and NXT has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
Fundamentals
ENPH:
$4.96B
NXT:
$13.63B
ENPH:
$1.01
NXT:
$3.86
ENPH:
37.15
NXT:
23.29
ENPH:
0.85
NXT:
0.01
ENPH:
3.75
NXT:
3.81
ENPH:
4.22
NXT:
5.45
ENPH:
$1.33B
NXT:
$3.63B
ENPH:
$623.68M
NXT:
$1.21B
ENPH:
$203.83M
NXT:
$739.99M
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Return for Risk
ENPH vs. NXT — Risk / Return Rank
ENPH
NXT
ENPH vs. NXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enphase Energy, Inc. (ENPH) and Nextpower 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.
| ENPH | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.28 | -0.97 |
| Martin ratioReturn relative to average drawdown | 0.69 | 3.54 | -2.84 |
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Drawdowns
ENPH vs. NXT - Drawdown Comparison
The maximum ENPH drawdown since its inception was -95.97%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for ENPH and NXT.
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Drawdown Indicators
| ENPH | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.97% | -48.61% | -47.36% |
Max Drawdown (1Y)Largest decline over 1 year | -51.51% | -42.54% | -8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -81.34% | -48.61% | -32.73% |
Max Drawdown (5Y)Largest decline over 5 years | -92.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.23% | — | — |
Current DrawdownCurrent decline from peak | -88.83% | -42.54% | -46.29% |
Average DrawdownAverage peak-to-trough decline | -50.90% | -15.89% | -35.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.12% | 15.42% | +7.70% |
Volatility
ENPH vs. NXT - Volatility Comparison
The current volatility for Enphase Energy, Inc. (ENPH) is 18.66%, while Nextpower Inc. (NXT) has a volatility of 21.23%. This indicates that ENPH experiences smaller price fluctuations and is considered to be less risky than NXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENPH | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.66% | 21.23% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 68.82% | 51.65% | +17.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.81% | 67.85% | +14.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.68% | 61.15% | +9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.42% | 61.15% | +17.27% |
Dividends
ENPH vs. NXT - Dividend Comparison
Neither ENPH nor NXT has paid dividends to shareholders.
Financials
ENPH vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between Enphase Energy, Inc. and Nextpower 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
ENPH vs. NXT - Profitability Comparison
ENPH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Enphase Energy, Inc. reported a gross profit of 175.01M and revenue of 291.85M. Therefore, the gross margin over that period was 60.0%.
NXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Nextpower Inc. reported a gross profit of 335.85M and revenue of 935.17M. Therefore, the gross margin over that period was 35.9%.
ENPH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Enphase Energy, Inc. reported an operating income of 51.52M and revenue of 291.85M, resulting in an operating margin of 17.7%.
NXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Nextpower Inc. reported an operating income of 190.91M and revenue of 935.17M, resulting in an operating margin of 20.4%.
ENPH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Enphase Energy, Inc. reported a net income of 36.08M and revenue of 291.85M, resulting in a net margin of 12.4%.
NXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Nextpower Inc. reported a net income of 165.36M and revenue of 935.17M, resulting in a net margin of 17.7%.
Frequently Asked Questions
ENPH and NXT have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (21.23%) compared to ENPH (18.66%). In terms of maximum drawdown, ENPH dropped -95.97% vs NXT's -48.61%.
NXT currently has the higher Sharpe Ratio (0.80 vs 0.19), 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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