EQIX vs. NXST
EQIX (Equinix, Inc.) and NXST (Nexstar Media Group, Inc.) are both stocks. EQIX operates in REIT - Specialty (Real Estate), while NXST operates in Broadcasting (Communication Services). Over the past 10 years, EQIX returned 13.60%/yr vs 16.12%/yr for NXST. At a 0.19 correlation, their price movements are largely independent.
Performance
EQIX vs. NXST - Performance Comparison
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Returns By Period
In the year-to-date period, EQIX achieves a 43.64% return, which is significantly higher than NXST's -9.29% return. Over the past 10 years, EQIX has underperformed NXST with an annualized return of 13.60%, while NXST has yielded a comparatively higher 16.12% annualized return.
EQIX
- 1D
- 1.13%
- 1M
- 1.49%
- YTD
- 43.64%
- 6M
- 51.57%
- 1Y
- 22.11%
- 3Y*
- 15.50%
- 5Y*
- 8.88%
- 10Y*
- 13.60%
NXST
- 1D
- -0.28%
- 1M
- -8.24%
- YTD
- -9.29%
- 6M
- -2.98%
- 1Y
- 13.21%
- 3Y*
- 9.08%
- 5Y*
- 7.51%
- 10Y*
- 16.12%
EQIX vs. NXST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQIX Equinix, Inc. | 43.64% | -16.88% | 19.45% | 25.41% | -21.13% | 20.28% | 24.22% | 68.86% | -20.41% | 29.20% |
NXST Nexstar Media Group, Inc. | -9.29% | 33.95% | 5.04% | -7.52% | 18.37% | 40.95% | -4.42% | 51.93% | 2.65% | 25.89% |
Correlation
The correlation between EQIX and NXST is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2003 | 0.19 |
The correlation between EQIX and NXST shifts across timeframes, from 0.06 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EQIX:
$107.53B
NXST:
$5.64B
EQIX:
$14.46
NXST:
$5.37
EQIX:
75.32
NXST:
33.71
EQIX:
2.58
NXST:
8.23K
EQIX:
11.32
NXST:
1.09
EQIX:
$9.46B
NXST:
$5.11B
EQIX:
$4.85B
NXST:
$1.65B
EQIX:
$3.76B
NXST:
$1.42B
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Return for Risk
EQIX vs. NXST — Risk / Return Rank
EQIX
NXST
EQIX vs. NXST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinix, Inc. (EQIX) and Nexstar Media Group, Inc. (NXST). 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.
| EQIX | NXST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.10 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.45 | +0.68 |
| Martin ratioReturn relative to average drawdown | 2.01 | 1.16 | +0.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQIX | NXST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.40 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.22 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.41 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.23 | -0.15 |
Drawdowns
EQIX vs. NXST - Drawdown Comparison
The maximum EQIX drawdown since its inception was -99.44%, roughly equal to the maximum NXST drawdown of -96.66%. Use the drawdown chart below to compare losses from any high point for EQIX and NXST.
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Drawdown Indicators
| EQIX | NXST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.44% | -96.66% | -2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -29.50% | +9.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -29.50% | +4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -41.77% | -35.73% | -6.04% |
Max Drawdown (10Y)Largest decline over 10 years | -41.77% | -64.56% | +22.79% |
Current DrawdownCurrent decline from peak | -1.86% | -27.96% | +26.10% |
Average DrawdownAverage peak-to-trough decline | -52.66% | -30.30% | -22.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 11.37% | -0.36% |
Volatility
EQIX vs. NXST - Volatility Comparison
The current volatility for Equinix, Inc. (EQIX) is 5.31%, while Nexstar Media Group, Inc. (NXST) has a volatility of 8.96%. This indicates that EQIX experiences smaller price fluctuations and is considered to be less risky than NXST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQIX | NXST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 8.96% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 27.43% | -10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.11% | 33.61% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 34.48% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.13% | 39.75% | -12.62% |
Dividends
EQIX vs. NXST - Dividend Comparison
EQIX's dividend yield for the trailing twelve months is around 1.81%, less than NXST's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQIX Equinix, Inc. | 1.81% | 2.45% | 1.81% | 1.80% | 1.89% | 1.36% | 1.49% | 1.69% | 2.59% | 1.77% | 1.96% | 5.86% |
NXST Nexstar Media Group, Inc. | 4.11% | 3.66% | 4.28% | 3.44% | 2.06% | 1.85% | 2.05% | 1.54% | 1.91% | 1.53% | 1.52% | 1.29% |
Financials
EQIX vs. NXST - Financials Comparison
This section allows you to compare key financial metrics between Equinix, Inc. and Nexstar Media Group, 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
EQIX vs. NXST - Profitability Comparison
EQIX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equinix, Inc. reported a gross profit of 1.26B and revenue of 2.44B. Therefore, the gross margin over that period was 51.5%.
NXST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported a gross profit of 0.00 and revenue of 1.40B. Therefore, the gross margin over that period was 0.0%.
EQIX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equinix, Inc. reported an operating income of 577.00M and revenue of 2.44B, resulting in an operating margin of 23.6%.
NXST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported an operating income of 265.00M and revenue of 1.40B, resulting in an operating margin of 19.0%.
EQIX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equinix, Inc. reported a net income of 415.00M and revenue of 2.44B, resulting in a net margin of 17.0%.
NXST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported a net income of 164.00M and revenue of 1.40B, resulting in a net margin of 11.8%.
Frequently Asked Questions
EQIX and NXST have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXST has higher volatility (8.96%) compared to EQIX (5.31%). In terms of maximum drawdown, EQIX dropped -99.44% vs NXST's -96.66%.
EQIX currently has the higher Sharpe Ratio (0.85 vs 0.40), 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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