NXT vs. FOX
NXT (Nextracker Inc) and FOX (Fox Corporation) are both stocks. NXT operates in Solar (Technology), while FOX operates in Broadcasting (Communication Services). Over the past 3 years, NXT returned 42.45%/yr vs 25.34%/yr for FOX. At a 0.14 correlation, their price movements are largely independent.
Performance
NXT vs. FOX - Performance Comparison
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Returns By Period
In the year-to-date period, NXT achieves a 39.92% return, which is significantly higher than FOX's -8.77% return.
NXT
- 1D
- 1.84%
- 1M
- -14.62%
- YTD
- 39.92%
- 6M
- 40.50%
- 1Y
- 100.76%
- 3Y*
- 42.45%
- 5Y*
- —
- 10Y*
- —
FOX
- 1D
- -3.98%
- 1M
- 0.55%
- YTD
- -8.77%
- 6M
- -6.09%
- 1Y
- 20.76%
- 3Y*
- 25.34%
- 5Y*
- 11.79%
- 10Y*
- —
NXT vs. FOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 39.92% | 138.46% | -22.03% | 54.57% |
FOX Fox Corporation | -8.77% | 43.41% | 68.25% | -15.38% |
Correlation
The correlation between NXT and FOX is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.14 |
The correlation between NXT and FOX shifts across timeframes, from -0.05 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NXT:
$18.85B
FOX:
$25.45B
NXT:
$3.83
FOX:
$3.83
NXT:
31.80
FOX:
15.37
NXT:
0.01
FOX:
0.99
NXT:
5.23
FOX:
1.62
NXT:
8.08
FOX:
2.32
NXT:
$3.56B
FOX:
$16.20B
NXT:
$1.16B
FOX:
$5.67B
NXT:
$731.65M
FOX:
$3.09B
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Return for Risk
NXT vs. FOX — Risk / Return Rank
NXT
FOX
NXT vs. FOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Fox Corporation (FOX). 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 | FOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 0.76 | +2.96 |
| Martin ratioReturn relative to average drawdown | 9.21 | 1.82 | +7.40 |
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Drawdowns
NXT vs. FOX - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, roughly equal to the maximum FOX drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for NXT and FOX.
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Drawdown Indicators
| NXT | FOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -50.70% | +2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -28.42% | -26.77% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -26.77% | -21.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.96% | — |
Current DrawdownCurrent decline from peak | -22.07% | -12.58% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -17.67% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 11.22% | +0.23% |
Volatility
NXT vs. FOX - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 28.43% compared to Fox Corporation (FOX) at 9.09%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than FOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXT | FOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 9.09% | +19.34% |
Volatility (6M)Calculated over the trailing 6-month period | 50.28% | 20.33% | +29.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.83% | 28.23% | +37.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.76% | 26.36% | +34.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.76% | 31.19% | +29.57% |
Dividends
NXT vs. FOX - Dividend Comparison
NXT has not paid dividends to shareholders, while FOX's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FOX Fox Corporation | 0.95% | 0.85% | 1.16% | 1.84% | 1.72% | 1.37% | 1.59% | 1.26% |
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NXT vs. FOX - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Fox Corporation. 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. FOX - 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%.
FOX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fox Corporation reported a gross profit of 1.50B and revenue of 3.99B. Therefore, the gross margin over that period was 37.6%.
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%.
FOX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fox Corporation reported an operating income of 801.00M and revenue of 3.99B, resulting in an operating margin of 20.1%.
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%.
FOX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fox Corporation reported a net income of 166.00M and revenue of 3.99B, resulting in a net margin of 4.2%.
Frequently Asked Questions
NXT and FOX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (28.43%) compared to FOX (9.09%). In terms of maximum drawdown, NXT dropped -48.61% vs FOX's -50.70%.
NXT currently has the higher Sharpe Ratio (1.61 vs 0.72), 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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