ISVL vs. NXT
ISVL (iShares International Developed Small Cap Value Factor ETF) is Small Cap Value Equities fund tracking the FTSE Developed ex US ex Korea Small Cap Focused Value Index, while NXT (Nextracker Inc) is a stock. Over the past 3 years, ISVL returned 21.36%/yr vs 42.45%/yr for NXT. At a 0.31 correlation, their price movements are largely independent.
Performance
ISVL vs. NXT - Performance Comparison
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Returns By Period
In the year-to-date period, ISVL achieves a 10.51% return, which is significantly lower than NXT's 39.92% return.
ISVL
- 1D
- 0.50%
- 1M
- 1.31%
- YTD
- 10.51%
- 6M
- 13.02%
- 1Y
- 28.56%
- 3Y*
- 21.36%
- 5Y*
- 10.55%
- 10Y*
- —
NXT
- 1D
- 1.84%
- 1M
- -10.63%
- YTD
- 39.92%
- 6M
- 40.50%
- 1Y
- 105.12%
- 3Y*
- 42.45%
- 5Y*
- —
- 10Y*
- —
ISVL vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ISVL iShares International Developed Small Cap Value Factor ETF | 10.51% | 42.84% | 4.58% | 10.13% |
NXT Nextracker Inc | 39.92% | 138.46% | -22.03% | 54.57% |
Correlation
The correlation between ISVL and NXT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.31 |
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Return for Risk
ISVL vs. NXT — Risk / Return Rank
ISVL
NXT
ISVL vs. NXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Small Cap Value Factor ETF (ISVL) 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.
| ISVL | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.72 | -1.42 |
| Martin ratioReturn relative to average drawdown | 8.97 | 9.21 | -0.24 |
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Drawdowns
ISVL vs. NXT - Drawdown Comparison
The maximum ISVL drawdown since its inception was -30.48%, smaller than the maximum NXT drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for ISVL and NXT.
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Drawdown Indicators
| ISVL | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.48% | -48.61% | +18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -28.42% | +15.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -48.61% | +35.68% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -22.07% | +21.77% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -15.35% | +8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 11.45% | -8.25% |
Volatility
ISVL vs. NXT - Volatility Comparison
The current volatility for iShares International Developed Small Cap Value Factor ETF (ISVL) is 4.96%, while Nextracker Inc (NXT) has a volatility of 28.43%. This indicates that ISVL 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
| ISVL | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 28.43% | -23.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 50.28% | -37.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 65.83% | -51.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 60.76% | -43.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 60.76% | -43.97% |
Dividends
ISVL vs. NXT - Dividend Comparison
ISVL's dividend yield for the trailing twelve months is around 2.43%, while NXT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ISVL iShares International Developed Small Cap Value Factor ETF | 2.43% | 2.69% | 3.92% | 3.82% | 3.37% | 2.82% |
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISVL and NXT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (28.43%) compared to ISVL (4.96%). In terms of maximum drawdown, ISVL dropped -30.48% vs NXT's -48.61%.
ISVL currently has the higher Sharpe Ratio (1.94 vs 1.61), 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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