FN vs. NXT
FN (Fabrinet) and NXT (Nextracker Inc) are both stocks. Both are in the Technology sector — FN in Electronic Components, NXT in Solar. Over the past 3 years, FN returned 76.72%/yr vs 46.10%/yr for NXT. At a 0.31 correlation, their price movements are largely independent.
Performance
FN vs. NXT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FN achieves a 36.99% return, which is significantly lower than NXT's 44.24% return.
FN
- 1D
- 0.40%
- 1M
- 0.39%
- YTD
- 36.99%
- 6M
- 27.02%
- 1Y
- 165.46%
- 3Y*
- 76.72%
- 5Y*
- 45.90%
- 10Y*
- 32.80%
NXT
- 1D
- -4.50%
- 1M
- -0.21%
- YTD
- 44.24%
- 6M
- 40.08%
- 1Y
- 113.26%
- 3Y*
- 46.10%
- 5Y*
- —
- 10Y*
- —
FN vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FN Fabrinet | 36.99% | 107.06% | 15.53% | 56.07% |
NXT Nextracker Inc | 44.24% | 138.46% | -22.03% | 53.81% |
Correlation
The correlation between FN and NXT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.31 |
Fundamentals
FN:
$22.59B
NXT:
$19.43B
FN:
$11.65
NXT:
$3.83
FN:
53.55
NXT:
32.79
FN:
2.29
NXT:
0.01
FN:
5.32
NXT:
5.40
FN:
9.80
NXT:
8.32
FN:
$4.24B
NXT:
$3.56B
FN:
$509.75M
NXT:
$1.16B
FN:
$422.55M
NXT:
$731.65M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FN vs. NXT — Risk / Return Rank
FN
NXT
FN vs. NXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fabrinet (FN) 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.
| FN | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 8.10 | 4.90 | +3.20 |
| Martin ratioReturn relative to average drawdown | 19.43 | 10.31 | +9.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FN | NXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 1.75 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.88 | -0.30 |
Drawdowns
FN vs. NXT - Drawdown Comparison
The maximum FN drawdown since its inception was -70.46%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for FN and NXT.
Loading charts...
Drawdown Indicators
| FN | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -48.61% | -21.85% |
Max Drawdown (1Y)Largest decline over 1 year | -20.55% | -23.27% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -37.47% | -48.61% | +11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -38.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.11% | — | — |
Current DrawdownCurrent decline from peak | -16.45% | -19.66% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -22.58% | -15.32% | -7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 11.03% | -2.48% |
Volatility
FN vs. NXT - Volatility Comparison
The current volatility for Fabrinet (FN) is 25.81%, while Nextracker Inc (NXT) has a volatility of 28.03%. This indicates that FN 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.
Loading charts...
Volatility by Period
| FN | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.81% | 28.03% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 55.79% | 49.14% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.78% | 65.09% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.58% | 60.66% | -7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.27% | 60.66% | -12.39% |
Dividends
FN vs. NXT - Dividend Comparison
Neither FN nor NXT has paid dividends to shareholders.
Financials
FN vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between Fabrinet 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
FN vs. NXT - Profitability Comparison
FN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a gross profit of 144.34M and revenue of 1.21B. Therefore, the gross margin over that period was 11.9%.
NXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported a gross profit of 297.38M and revenue of 880.52M. Therefore, the gross margin over that period was 33.8%.
FN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported an operating income of 120.04M and revenue of 1.21B, resulting in an operating margin of 9.9%.
NXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported an operating income of 153.59M and revenue of 880.52M, resulting in an operating margin of 17.4%.
FN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a net income of 128.18M and revenue of 1.21B, resulting in a net margin of 10.6%.
NXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported a net income of 150.60M and revenue of 880.52M, resulting in a net margin of 17.1%.
Frequently Asked Questions
FN and NXT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (28.03%) compared to FN (25.81%). In terms of maximum drawdown, FN dropped -70.46% vs NXT's -48.61%.
FN currently has the higher Sharpe Ratio (2.50 vs 1.75), 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.
Find the right allocation for FN and NXT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer