NXT.L vs. 2273.HK

Last updated Jun 5, 2026

NXT.L (Next plc) and 2273.HK (Gushengtang Holdings Ltd) are both stocks. NXT.L operates in Apparel Retail (Consumer Cyclical), while 2273.HK operates in Medical Care Facilities (Healthcare). Over the past 3 years, NXT.L returned 32.21%/yr vs -19.75%/yr for 2273.HK. At a 0.03 correlation, their price movements are largely independent.

Performance

NXT.L vs. 2273.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Next plc (NXT.L) and Gushengtang Holdings Ltd (2273.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NXT.L is traded in GBp, while 2273.HK is traded in HKD. To make them comparable, the 2273.HK values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, NXT.L achieves a 1.52% return, which is significantly higher than 2273.HK's -5.10% return.

NXT.L

• 1D: 1.50%
• 1M: 7.17%
• YTD: 1.52%
• 6M: -2.20%
• 1Y: 9.85%
• 3Y*: 32.21%
• 5Y*: 14.21%
• 10Y*: 13.43%

2273.HK

• 1D: 0.90%
• 1M: -8.19%
• YTD: -5.10%
• 6M: -7.57%
• 1Y: -24.99%
• 3Y*: -19.75%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NXT.L vs. 2273.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NXT.L Next plc	1.52%	46.85%	19.71%	43.86%	-24.92%	-1.21%
2273.HK Gushengtang Holdings Ltd	-5.10%	-20.87%	-31.18%	-4.33%	37.92%	38.31%

Correlation

The correlation between NXT.L and 2273.HK is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Dec 13, 2021	0.03

Return for Risk

NXT.L vs. 2273.HK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXT.L

NXT.L Risk / Return Rank: 54
NXT.L Sharpe Ratio Rank: 57
NXT.L Sortino Ratio Rank: 50
NXT.L Omega Ratio Rank: 49
NXT.L Calmar Ratio Rank: 57
NXT.L Martin Ratio Rank: 57

2273.HK

2273.HK Risk / Return Rank: 10
2273.HK Sharpe Ratio Rank: 9
2273.HK Sortino Ratio Rank: 10
2273.HK Omega Ratio Rank: 12
2273.HK Calmar Ratio Rank: 10
2273.HK Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXT.L vs. 2273.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Next plc (NXT.L) and Gushengtang Holdings Ltd (2273.HK). 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.

	NXT.L	2273.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.42	-0.79	+1.21
Sortino ratio: Return per unit of downside risk	0.80	-1.07	+1.87
Omega ratio: Gain probability vs. loss probability	1.10	0.89	+0.22
Calmar ratio: Return relative to maximum drawdown	0.66	-0.81	+1.47
Martin ratio: Return relative to average drawdown	1.58	-1.35	+2.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXT.L vs. 2273.HK - Sharpe Ratio Comparison

The current NXT.L Sharpe Ratio is 0.42, which is higher than the 2273.HK Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of NXT.L and 2273.HK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NXT.L	2273.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	-0.79	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	-0.02	+0.51

Drawdowns

NXT.L vs. 2273.HK - Drawdown Comparison

The maximum NXT.L drawdown since its inception was -91.55%, which is greater than 2273.HK's maximum drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for NXT.L and 2273.HK.

Drawdown Indicators

	NXT.L	2273.HK	Difference
Max Drawdown Largest peak-to-trough decline	-91.55%	-60.54%	-31.01%
Max Drawdown (1Y) Largest decline over 1 year	-14.96%	-31.32%	+16.36%
Max Drawdown (3Y) Largest decline over 3 years	-14.96%	-53.41%	+38.45%
Max Drawdown (5Y) Largest decline over 5 years	-45.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.81%	—	—
Current Drawdown Current decline from peak	-4.16%	-58.41%	+54.25%
Average Drawdown Average peak-to-trough decline	-17.06%	-33.24%	+16.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	18.69%	-12.50%

Volatility

NXT.L vs. 2273.HK - Volatility Comparison

The current volatility for Next plc (NXT.L) is 7.69%, while Gushengtang Holdings Ltd (2273.HK) has a volatility of 8.66%. This indicates that NXT.L experiences smaller price fluctuations and is considered to be less risky than 2273.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXT.L	2273.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.69%	8.66%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	16.70%	23.08%	-6.38%
Volatility (1Y) Calculated over the trailing 1-year period	23.17%	32.29%	-9.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.30%	55.62%	-29.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.22%	55.62%	-24.40%

Dividends

NXT.L vs. 2273.HK - Dividend Comparison

NXT.L's dividend yield for the trailing twelve months is around 4.47%, more than 2273.HK's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2273.HK Gushengtang Holdings Ltd	2.83%	2.70%	0.38%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NXT.L Next plc	4.47%	1.79%	2.27%	2.54%	6.08%	1.35%	0.00%	2.39%	5.14%	6.48%	4.37%	5.25%

Financials

Frequently Asked Questions

Can I hold both NXT.L and 2273.HK in my portfolio?

NXT.L and 2273.HK have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.