NVMI vs. NXT
NVMI (Nova Ltd) and NXT (Nextpower Inc.) are both stocks. Both are in the Technology sector — NVMI in Semiconductor Equipment & Materials, NXT in Solar. Over the past 3 years, NVMI returned 45.70%/yr vs 27.52%/yr for NXT. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
NVMI vs. NXT - Performance Comparison
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Returns By Period
In the year-to-date period, NVMI achieves a 19.03% return, which is significantly higher than NXT's 3.17% return.
NVMI
- 1D
- -0.81%
- 1M
- -16.86%
- 6M
- -14.63%
- YTD
- 19.03%
- 1Y
- 48.31%
- 3Y*
- 45.70%
- 5Y*
- 31.93%
- 10Y*
- 42.36%
- ALL TIME*
- 12.41%
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) |
|---|---|---|---|
NVMI Nova Ltd | $244.73M | $256.96M | $251.18M |
| $307.85M | $314.33M | $370.01M |
NVMI vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVMI Nova Ltd | 19.03% | 66.74% | 43.35% | 47.70% |
NXT Nextpower Inc. | 3.17% | 138.46% | -22.03% | 54.57% |
Correlation
The correlation between NVMI and NXT is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.33 |
The correlation between NVMI and NXT shifts across timeframes, from 0.33 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NVMI:
$12.42B
NXT:
$13.63B
NVMI:
$7.85
NXT:
$3.86
NVMI:
49.78
NXT:
23.29
NVMI:
1.73
NXT:
0.01
NVMI:
14.54
NXT:
3.81
NVMI:
9.70
NXT:
5.45
NVMI:
$902.53M
NXT:
$3.63B
NVMI:
$518.59M
NXT:
$1.21B
NVMI:
$293.89M
NXT:
$739.99M
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Return for Risk
NVMI vs. NXT — Risk / Return Rank
NVMI
NXT
NVMI vs. NXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nova Ltd (NVMI) 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.
| NVMI | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.28 | -0.04 |
| Martin ratioReturn relative to average drawdown | 4.35 | 3.54 | +0.82 |
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Drawdowns
NVMI vs. NXT - Drawdown Comparison
The maximum NVMI drawdown since its inception was -98.22%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for NVMI and NXT.
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Drawdown Indicators
| NVMI | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.22% | -48.61% | -49.61% |
Max Drawdown (1Y)Largest decline over 1 year | -39.42% | -42.54% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -40.79% | -48.61% | +7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -52.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.76% | — | — |
Current DrawdownCurrent decline from peak | -35.46% | -42.54% | +7.08% |
Average DrawdownAverage peak-to-trough decline | -51.60% | -15.89% | -35.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.25% | 15.42% | -4.17% |
Volatility
NVMI vs. NXT - Volatility Comparison
The current volatility for Nova Ltd (NVMI) is 19.26%, while Nextpower Inc. (NXT) has a volatility of 21.23%. This indicates that NVMI 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
| NVMI | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.26% | 21.23% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 47.21% | 51.65% | -4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.08% | 67.85% | -8.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.96% | 61.15% | -12.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.23% | 61.15% | -16.92% |
Dividends
NVMI vs. NXT - Dividend Comparison
Neither NVMI nor NXT has paid dividends to shareholders.
Financials
NVMI vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between Nova Ltd 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
NVMI vs. NXT - Profitability Comparison
NVMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Nova Ltd reported a gross profit of 135.69M and revenue of 235.31M. Therefore, the gross margin over that period was 57.7%.
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%.
NVMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Nova Ltd reported an operating income of 70.84M and revenue of 235.31M, resulting in an operating margin of 30.1%.
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%.
NVMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Nova Ltd reported a net income of 69.26M and revenue of 235.31M, resulting in a net margin of 29.4%.
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
NVMI and NXT have a correlation of 0.48, 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 NVMI (19.26%). In terms of maximum drawdown, NVMI dropped -98.22% vs NXT's -48.61%.
NVMI currently has the higher Sharpe Ratio (0.83 vs 0.80), 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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