NXT vs. BTC-USD
Compare and contrast key facts about Nextracker Inc (NXT) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or BTC-USD.
Key characteristics
| NXT | BTC-USD | |
|---|---|---|
| YTD Return | -5.85% | 51.05% |
| 1Y Return | 40.08% | 118.12% |
| 3Y Return (Ann) | 132.91% | 3.35% |
| 5Y Return (Ann) | 132.91% | 63.87% |
| 10Y Return (Ann) | 132.91% | 64.15% |
| Sharpe Ratio | 0.68 | 5.29 |
| Daily Std Dev | 54.93% | 38.52% |
| Max Drawdown | -49.95% | -93.07% |
| Current Drawdown | -27.56% | -12.65% |
Correlation
The correlation between NXT and BTC-USD is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NXT vs. BTC-USD - Performance Comparison
In the year-to-date period, NXT achieves a -5.85% return, which is significantly lower than BTC-USD's 51.05% return. Over the past 10 years, NXT has outperformed BTC-USD with an annualized return of 132.91%, while BTC-USD has yielded a comparatively lower 64.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NXT vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Bitcoin (BTC-USD). 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.
Drawdowns
NXT vs. BTC-USD - Drawdown Comparison
The maximum NXT drawdown since its inception was -49.95%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for NXT and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
NXT vs. BTC-USD - Volatility Comparison
The current volatility for Nextracker Inc (NXT) is 11.84%, while Bitcoin (BTC-USD) has a volatility of 14.95%. This indicates that NXT experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.