NXT vs. IAG.L
NXT (Nextracker Inc) and IAG.L (International Consolidated Airlines Group S.A) are both stocks. NXT operates in Solar (Technology), while IAG.L operates in Airlines (Industrials). Over the past 3 years, NXT returned 42.45%/yr vs 42.66%/yr for IAG.L. At a 0.17 correlation, their price movements are largely independent.
Performance
NXT vs. IAG.L - Performance Comparison
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Different Trading Currencies
NXT is traded in USD, while IAG.L is traded in GBp. To make them comparable, the IAG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NXT achieves a 39.92% return, which is significantly higher than IAG.L's 4.81% return.
NXT
- 1D
- 1.84%
- 1M
- -14.62%
- YTD
- 39.92%
- 6M
- 40.50%
- 1Y
- 100.76%
- 3Y*
- 42.45%
- 5Y*
- —
- 10Y*
- —
IAG.L
- 1D
- 6.90%
- 1M
- 10.36%
- YTD
- 4.81%
- 6M
- 8.29%
- 1Y
- 34.04%
- 3Y*
- 42.66%
- 5Y*
- 16.18%
- 10Y*
- 11.75%
NXT vs. IAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 39.92% | 138.46% | -22.03% | 54.57% |
IAG.L International Consolidated Airlines Group S.A | 4.81% | 51.54% | 93.76% | -3.30% |
Correlation
The correlation between NXT and IAG.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.17 |
Fundamentals
NXT:
$18.85B
IAG.L:
£21.74B
NXT:
$3.83
IAG.L:
€0.98
NXT:
31.80
IAG.L:
5.14
NXT:
0.01
IAG.L:
0.04
NXT:
5.23
IAG.L:
0.57
NXT:
8.08
IAG.L:
3.31
NXT:
$3.56B
IAG.L:
€42.52B
NXT:
$1.16B
IAG.L:
€9.71B
NXT:
$731.65M
IAG.L:
€8.77B
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Return for Risk
NXT vs. IAG.L — Risk / Return Rank
NXT
IAG.L
NXT vs. IAG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and International Consolidated Airlines Group S.A (IAG.L). 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 | IAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 1.33 | +2.39 |
| Martin ratioReturn relative to average drawdown | 9.21 | 3.47 | +5.74 |
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Drawdowns
NXT vs. IAG.L - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum IAG.L drawdown of -82.11%. Use the drawdown chart below to compare losses from any high point for NXT and IAG.L.
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Drawdown Indicators
| NXT | IAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -82.11% | +33.50% |
Max Drawdown (1Y)Largest decline over 1 year | -28.42% | -25.43% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -37.13% | -11.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.52% | — |
Current DrawdownCurrent decline from peak | -22.07% | -5.23% | -16.84% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -38.79% | +23.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 9.78% | +1.67% |
Volatility
NXT vs. IAG.L - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 28.43% compared to International Consolidated Airlines Group S.A (IAG.L) at 12.11%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than IAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXT | IAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 12.11% | +16.32% |
Volatility (6M)Calculated over the trailing 6-month period | 50.28% | 30.25% | +20.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.83% | 38.15% | +27.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.76% | 41.19% | +19.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.76% | 50.87% | +9.89% |
Dividends
NXT vs. IAG.L - Dividend Comparison
NXT has not paid dividends to shareholders, while IAG.L's dividend yield for the trailing twelve months is around 2.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAG.L International Consolidated Airlines Group S.A | 2.16% | 2.27% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 13.57% | 7.50% | 5.65% | 6.92% | 2.28% |
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NXT vs. IAG.L - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and International Consolidated Airlines Group S.A. 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. IAG.L - 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%.
IAG.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported a gross profit of 4.15B and revenue of 17.28B. Therefore, the gross margin over that period was 24.0%.
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%.
IAG.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported an operating income of 3.09B and revenue of 17.28B, resulting in an operating margin of 17.9%.
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%.
IAG.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported a net income of 2.04B and revenue of 17.28B, resulting in a net margin of 11.8%.
Frequently Asked Questions
NXT and IAG.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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