NXST vs. STLD
NXST (Nexstar Media Group, Inc.) and STLD (Steel Dynamics, Inc.) are both stocks. NXST operates in Broadcasting (Communication Services), while STLD operates in Steel (Basic Materials). Over the past 10 years, NXST returned 17.56%/yr vs 27.79%/yr for STLD. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
NXST vs. STLD - Performance Comparison
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Returns By Period
In the year-to-date period, NXST achieves a -4.52% return, which is significantly lower than STLD's 49.08% return. Over the past 10 years, NXST has underperformed STLD with an annualized return of 17.56%, while STLD has yielded a comparatively higher 27.79% annualized return.
NXST
- 1D
- -0.99%
- 1M
- 5.21%
- 6M
- -8.71%
- YTD
- -4.52%
- 1Y
- 6.98%
- 3Y*
- 5.54%
- 5Y*
- 8.78%
- 10Y*
- 17.56%
- ALL TIME*
- 14.09%
STLD
- 1D
- -0.49%
- 1M
- 14.01%
- 6M
- 40.67%
- YTD
- 49.08%
- 1Y
- 107.78%
- 3Y*
- 34.78%
- 5Y*
- 33.27%
- 10Y*
- 27.79%
- ALL TIME*
- 16.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $52.61M | $57.41M | $71.32M | |
| $317.28M | $281.08M | $296.06M |
NXST vs. STLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXST Nexstar Media Group, Inc. | -4.52% | 33.95% | 5.04% | -7.52% | 18.37% | 40.95% | -4.42% | 51.93% | 2.65% | 25.89% |
STLD Steel Dynamics, Inc. | 49.08% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between NXST and STLD is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2003 | 0.29 |
The correlation between NXST and STLD shifts across timeframes, from 0.12 (1 year) to 0.32 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NXST:
$5.82B
STLD:
$36.01B
NXST:
$5.37
STLD:
$11.03
NXST:
35.48
STLD:
22.79
NXST:
1.15
STLD:
1.78
NXST:
$5.11B
STLD:
$20.54B
NXST:
$1.65B
STLD:
$3.00B
NXST:
$1.42B
STLD:
$2.97B
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Return for Risk
NXST vs. STLD — Risk / Return Rank
NXST
STLD
NXST vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nexstar Media Group, Inc. (NXST) and Steel Dynamics, Inc. (STLD). 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 | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.42 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 4.56 | -4.42 |
| Martin ratioReturn relative to average drawdown | 0.34 | 13.00 | -12.66 |
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Drawdowns
NXST vs. STLD - Drawdown Comparison
The maximum NXST drawdown since its inception was -96.66%, which is greater than STLD's maximum drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for NXST and STLD.
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Drawdown Indicators
| NXST | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.66% | -87.05% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -38.43% | -21.88% | -16.55% |
Max Drawdown (3Y)Largest decline over 3 years | -38.43% | -28.66% | -9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -38.43% | -32.20% | -6.23% |
Max Drawdown (10Y)Largest decline over 10 years | -64.56% | -68.46% | +3.90% |
Current DrawdownCurrent decline from peak | -24.17% | -10.94% | -13.23% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -33.18% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.22% | 7.70% | +8.52% |
Volatility
NXST vs. STLD - Volatility Comparison
The current volatility for Nexstar Media Group, Inc. (NXST) is 7.98%, while Steel Dynamics, Inc. (STLD) has a volatility of 8.59%. This indicates that NXST experiences smaller price fluctuations and is considered to be less risky than STLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXST | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 8.59% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 29.56% | 27.04% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.15% | 35.08% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.75% | 38.08% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.77% | 39.40% | +0.37% |
Dividends
NXST vs. STLD - Dividend Comparison
NXST's dividend yield for the trailing twelve months is around 3.90%, more than STLD's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXST Nexstar Media Group, Inc. | 3.90% | 3.66% | 4.28% | 3.44% | 2.06% | 1.85% | 2.05% | 1.54% | 1.91% | 1.53% | 1.52% | 1.29% |
STLD Steel Dynamics, Inc. | 0.82% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
NXST vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between Nexstar Media Group, Inc. and Steel Dynamics, 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. STLD - Profitability Comparison
NXST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported a gross profit of 958.97M and revenue of 6.09B. Therefore, the gross margin over that period was 15.7%.
NXST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported an operating income of 765.52M and revenue of 6.09B, resulting in an operating margin of 12.6%.
NXST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported a net income of 534.09M and revenue of 6.09B, resulting in a net margin of 8.8%.
Frequently Asked Questions
NXST and STLD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STLD has higher volatility (8.59%) compared to NXST (7.98%). In terms of maximum drawdown, NXST dropped -96.66% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (2.85 vs 0.16), 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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