MAXN vs. NXT
MAXN (Maxeon Solar Technologies, Ltd.) and NXT (Nextracker Inc) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 3 years, MAXN returned -93.57%/yr vs 53.16%/yr for NXT. At a 0.33 correlation, their price movements are largely independent.
Performance
MAXN vs. NXT - Performance Comparison
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Returns By Period
In the year-to-date period, MAXN achieves a -72.39% return, which is significantly lower than NXT's 68.14% return.
MAXN
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -72.39%
- 6M
- -73.64%
- 1Y
- -75.66%
- 3Y*
- -93.57%
- 5Y*
- -78.52%
- 10Y*
- —
NXT
- 1D
- -3.78%
- 1M
- 25.26%
- YTD
- 68.14%
- 6M
- 68.59%
- 1Y
- 152.62%
- 3Y*
- 53.16%
- 5Y*
- —
- 10Y*
- —
MAXN vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MAXN Maxeon Solar Technologies, Ltd. | -72.39% | -63.53% | -98.95% | -62.36% |
NXT Nextracker Inc | 68.14% | 138.46% | -22.03% | 53.81% |
Correlation
The correlation between MAXN and NXT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.33 |
Fundamentals
MAXN:
$12.76M
NXT:
$22.65B
MAXN:
-$33.63
NXT:
$3.83
MAXN:
0.07
NXT:
6.29
MAXN:
$176.41M
NXT:
$3.56B
MAXN:
-$242.06M
NXT:
$1.16B
MAXN:
-$504.08M
NXT:
$731.65M
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Return for Risk
MAXN vs. NXT — Risk / Return Rank
MAXN
NXT
MAXN vs. NXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Maxeon Solar Technologies, Ltd. (MAXN) 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.
| MAXN | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.35 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 6.60 | -7.48 |
| Martin ratioReturn relative to average drawdown | -1.70 | 14.05 | -15.75 |
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
| MAXN | NXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | 2.42 | -3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | 1.01 | -1.64 |
Drawdowns
MAXN vs. NXT - Drawdown Comparison
The maximum MAXN drawdown since its inception was -99.99%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for MAXN and NXT.
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Drawdown Indicators
| MAXN | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -48.61% | -51.38% |
Max Drawdown (1Y)Largest decline over 1 year | -85.87% | -23.27% | -62.60% |
Max Drawdown (3Y)Largest decline over 3 years | -99.98% | -48.61% | -51.37% |
Max Drawdown (5Y)Largest decline over 5 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -6.35% | -93.64% |
Average DrawdownAverage peak-to-trough decline | -77.72% | -15.33% | -62.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.60% | 10.91% | +33.69% |
Volatility
MAXN vs. NXT - Volatility Comparison
The current volatility for Maxeon Solar Technologies, Ltd. (MAXN) is 0.00%, while Nextracker Inc (NXT) has a volatility of 24.47%. This indicates that MAXN 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
| MAXN | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 24.47% | -24.47% |
Volatility (6M)Calculated over the trailing 6-month period | 107.68% | 47.05% | +60.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 122.40% | 63.65% | +58.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.44% | 60.29% | +64.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.64% | 60.29% | +63.35% |
Dividends
MAXN vs. NXT - Dividend Comparison
Neither MAXN nor NXT has paid dividends to shareholders.
Financials
MAXN vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between Maxeon Solar Technologies, Ltd. 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
MAXN and NXT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (24.47%) compared to MAXN (0.00%). In terms of maximum drawdown, MAXN dropped -99.99% vs NXT's -48.61%.
NXT currently has the higher Sharpe Ratio (2.42 vs -0.62), 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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