NXT vs. ARRY
NXT (Nextpower Inc.) and ARRY (Array Technologies, Inc.) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 3 years, NXT returned 27.52%/yr vs -34.80%/yr for ARRY. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
NXT vs. ARRY - Performance Comparison
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Returns By Period
In the year-to-date period, NXT achieves a 3.17% return, which is significantly higher than ARRY's -43.38% return.
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%
ARRY
- 1D
- 2.76%
- 1M
- -25.11%
- 6M
- -53.91%
- YTD
- -43.38%
- 1Y
- -13.86%
- 3Y*
- -34.80%
- 5Y*
- -17.36%
- 10Y*
- —
- ALL TIME*
- -25.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.09M | $38.93M | $45.03M | |
| $307.85M | $314.33M | $370.01M |
NXT vs. ARRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextpower Inc. | 3.17% | 138.46% | -22.03% | 54.57% |
ARRY Array Technologies, Inc. | -43.38% | 52.65% | -64.05% | -19.27% |
Correlation
The correlation between NXT and ARRY is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.68 |
The correlation between NXT and ARRY has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
Fundamentals
NXT:
$13.63B
ARRY:
$802.97M
NXT:
$3.86
ARRY:
-$0.44
NXT:
3.81
ARRY:
0.66
NXT:
$3.63B
ARRY:
$1.21B
NXT:
$1.21B
ARRY:
$269.92M
NXT:
$739.99M
ARRY:
$5.35M
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Return for Risk
NXT vs. ARRY — Risk / Return Rank
NXT
ARRY
NXT vs. ARRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextpower Inc. (NXT) and Array Technologies, Inc. (ARRY). 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.
| NXT | ARRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.03 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.33 | +1.61 |
| Martin ratioReturn relative to average drawdown | 3.54 | -0.71 | +4.25 |
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Drawdowns
NXT vs. ARRY - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum ARRY drawdown of -92.20%. Use the drawdown chart below to compare losses from any high point for NXT and ARRY.
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Drawdown Indicators
| NXT | ARRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -92.20% | +43.59% |
Max Drawdown (1Y)Largest decline over 1 year | -42.54% | -59.78% | +17.24% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -84.88% | +36.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.31% | — |
Current DrawdownCurrent decline from peak | -42.54% | -89.77% | +47.23% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -69.32% | +53.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.42% | 27.70% | -12.28% |
Volatility
NXT vs. ARRY - Volatility Comparison
Nextpower Inc. (NXT) has a higher volatility of 21.23% compared to Array Technologies, Inc. (ARRY) at 16.61%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than ARRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXT | ARRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.23% | 16.61% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 51.65% | 62.21% | -10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.85% | 82.75% | -14.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.15% | 81.93% | -20.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.15% | 82.39% | -21.24% |
Dividends
NXT vs. ARRY - Dividend Comparison
Neither NXT nor ARRY has paid dividends to shareholders.
Financials
NXT vs. ARRY - Financials Comparison
This section allows you to compare key financial metrics between Nextpower Inc. and Array Technologies, 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
NXT vs. ARRY - Profitability Comparison
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%.
ARRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Array Technologies, Inc. reported a gross profit of 63.00M and revenue of 223.41M. Therefore, the gross margin over that period was 28.2%.
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%.
ARRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Array Technologies, Inc. reported an operating income of 7.11M and revenue of 223.41M, resulting in an operating margin of 3.2%.
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%.
ARRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Array Technologies, Inc. reported a net income of 2.00M and revenue of 223.41M, resulting in a net margin of 0.9%.
Frequently Asked Questions
NXT and ARRY have a correlation of 0.71, 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 ARRY (16.61%). In terms of maximum drawdown, NXT dropped -48.61% vs ARRY's -92.20%.
NXT currently has the higher Sharpe Ratio (0.80 vs -0.24), 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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