NXST vs. EQIX
NXST (Nexstar Media Group, Inc.) and EQIX (Equinix, Inc.) are both stocks. NXST operates in Broadcasting (Communication Services), while EQIX operates in REIT - Specialty (Real Estate). Over the past 10 years, NXST returned 16.32%/yr vs 13.67%/yr for EQIX. At a 0.19 correlation, their price movements are largely independent.
Performance
NXST vs. EQIX - Performance Comparison
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Returns By Period
In the year-to-date period, NXST achieves a -17.81% return, which is significantly lower than EQIX's 47.17% return. Over the past 10 years, NXST has outperformed EQIX with an annualized return of 16.32%, while EQIX has yielded a comparatively lower 13.67% annualized return.
NXST
- 1D
- -0.09%
- 1M
- -13.07%
- YTD
- -17.81%
- 6M
- -16.67%
- 1Y
- -1.04%
- 3Y*
- 5.24%
- 5Y*
- 5.63%
- 10Y*
- 16.32%
EQIX
- 1D
- 2.17%
- 1M
- 3.35%
- YTD
- 47.17%
- 6M
- 48.77%
- 1Y
- 29.27%
- 3Y*
- 16.80%
- 5Y*
- 8.91%
- 10Y*
- 13.67%
NXST vs. EQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXST Nexstar Media Group, Inc. | -17.81% | 33.95% | 5.04% | -7.52% | 18.37% | 40.95% | -4.42% | 51.93% | 2.65% | 25.89% |
EQIX Equinix, Inc. | 47.17% | -16.88% | 19.45% | 25.41% | -21.13% | 20.28% | 24.22% | 68.86% | -20.41% | 29.20% |
Correlation
The correlation between NXST and EQIX is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2003 | 0.19 |
The correlation between NXST and EQIX shifts across timeframes, from 0.08 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NXST:
$5.11B
EQIX:
$110.17B
NXST:
$5.37
EQIX:
$14.46
NXST:
30.54
EQIX:
77.17
NXST:
7.46K
EQIX:
2.65
NXST:
0.99
EQIX:
11.60
NXST:
$5.11B
EQIX:
$9.46B
NXST:
$1.65B
EQIX:
$4.85B
NXST:
$1.42B
EQIX:
$3.76B
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Return for Risk
NXST vs. EQIX — Risk / Return Rank
NXST
EQIX
NXST vs. EQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nexstar Media Group, Inc. (NXST) and Equinix, Inc. (EQIX). 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.
| NXST | EQIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.23 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.55 | -1.58 |
| Martin ratioReturn relative to average drawdown | -0.08 | 2.81 | -2.89 |
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Drawdowns
NXST vs. EQIX - Drawdown Comparison
The maximum NXST drawdown since its inception was -96.66%, roughly equal to the maximum EQIX drawdown of -99.44%. Use the drawdown chart below to compare losses from any high point for NXST and EQIX.
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Drawdown Indicators
| NXST | EQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.66% | -99.44% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -34.72% | -18.93% | -15.79% |
Max Drawdown (3Y)Largest decline over 3 years | -34.72% | -24.59% | -10.13% |
Max Drawdown (5Y)Largest decline over 5 years | -35.73% | -41.77% | +6.04% |
Max Drawdown (10Y)Largest decline over 10 years | -64.56% | -41.77% | -22.79% |
Current DrawdownCurrent decline from peak | -34.72% | 0.00% | -34.72% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -52.57% | +22.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.11% | 10.46% | +2.65% |
Volatility
NXST vs. EQIX - Volatility Comparison
Nexstar Media Group, Inc. (NXST) has a higher volatility of 8.00% compared to Equinix, Inc. (EQIX) at 5.81%. This indicates that NXST's price experiences larger fluctuations and is considered to be riskier than EQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXST | EQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 5.81% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 27.09% | 16.97% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.63% | 26.44% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.54% | 27.71% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.74% | 27.17% | +12.57% |
Dividends
NXST vs. EQIX - Dividend Comparison
NXST's dividend yield for the trailing twelve months is around 4.54%, more than EQIX's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQIX Equinix, Inc. | 1.77% | 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. | 4.54% | 3.66% | 4.28% | 3.44% | 2.06% | 1.85% | 2.05% | 1.54% | 1.91% | 1.53% | 1.52% | 1.29% |
Financials
NXST vs. EQIX - Financials Comparison
This section allows you to compare key financial metrics between Nexstar Media Group, Inc. and Equinix, 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
NXST vs. EQIX - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
NXST and EQIX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXST has higher volatility (8.00%) compared to EQIX (5.81%). In terms of maximum drawdown, NXST dropped -96.66% vs EQIX's -99.44%.
EQIX currently has the higher Sharpe Ratio (1.11 vs -0.03), 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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