NXT vs. COHR
NXT (Nextracker Inc) and COHR (Coherent, Inc.) are both stocks. Both are in the Technology sector — NXT in Solar, COHR in Scientific & Technical Instruments. Over the past 3 years, NXT returned 46.10%/yr vs 117.79%/yr for COHR. At a 0.33 correlation, their price movements are largely independent.
Performance
NXT vs. COHR - Performance Comparison
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Returns By Period
In the year-to-date period, NXT achieves a 44.24% return, which is significantly lower than COHR's 117.77% return.
NXT
- 1D
- -4.50%
- 1M
- -0.21%
- YTD
- 44.24%
- 6M
- 40.08%
- 1Y
- 113.26%
- 3Y*
- 46.10%
- 5Y*
- —
- 10Y*
- —
COHR
- 1D
- 6.62%
- 1M
- 19.89%
- YTD
- 117.77%
- 6M
- 116.25%
- 1Y
- 404.05%
- 3Y*
- 117.79%
- 5Y*
- 41.61%
- 10Y*
- 35.09%
NXT vs. COHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 44.24% | 138.46% | -22.03% | 53.81% |
COHR Coherent, Inc. | 117.77% | 94.84% | 117.62% | 1.56% |
Correlation
The correlation between NXT and COHR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.33 |
Fundamentals
NXT:
$3.83
COHR:
$1.64K
NXT:
32.79
COHR:
0.24
NXT:
0.01
COHR:
0.04
NXT:
5.40
COHR:
0.03
NXT:
$3.56B
COHR:
$1.81T
NXT:
$1.16B
COHR:
$1.76B
NXT:
$731.65M
COHR:
$960.76M
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Return for Risk
NXT vs. COHR — Risk / Return Rank
NXT
COHR
NXT vs. COHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Coherent, Inc. (COHR). 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 | COHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.58 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 15.36 | -10.47 |
| Martin ratioReturn relative to average drawdown | 10.31 | 42.88 | -32.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NXT | COHR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 5.62 | -3.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.33 | +0.56 |
Drawdowns
NXT vs. COHR - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum COHR drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for NXT and COHR.
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Drawdown Indicators
| NXT | COHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -80.89% | +32.28% |
Max Drawdown (1Y)Largest decline over 1 year | -23.27% | -26.52% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -54.85% | +6.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.22% | — |
Current DrawdownCurrent decline from peak | -19.66% | -5.85% | -13.81% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -35.03% | +19.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.03% | 9.48% | +1.55% |
Volatility
NXT vs. COHR - Volatility Comparison
Nextracker Inc (NXT) and Coherent, Inc. (COHR) have volatilities of 28.03% and 28.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXT | COHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.03% | 28.41% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 49.14% | 55.90% | -6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.09% | 72.65% | -7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.66% | 61.36% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.66% | 56.43% | +4.23% |
Dividends
NXT vs. COHR - Dividend Comparison
Neither NXT nor COHR has paid dividends to shareholders.
Financials
NXT vs. COHR - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Coherent, 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. COHR - Profitability Comparison
NXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported a gross profit of 297.38M and revenue of 880.52M. Therefore, the gross margin over that period was 33.8%.
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
NXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported an operating income of 153.59M and revenue of 880.52M, resulting in an operating margin of 17.4%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
NXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported a net income of 150.60M and revenue of 880.52M, resulting in a net margin of 17.1%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
Frequently Asked Questions
NXT and COHR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (28.41%) compared to NXT (28.03%). In terms of maximum drawdown, NXT dropped -48.61% vs COHR's -80.89%.
COHR currently has the higher Sharpe Ratio (5.62 vs 1.75), 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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