NXT vs. KBGGY
NXT (Nextracker Inc) and KBGGY (Kongsberg Gruppen ASA) are both stocks. NXT operates in Solar (Technology), while KBGGY operates in Aerospace & Defense (Industrials). Over the past 3 years, NXT returned 42.45%/yr vs 66.18%/yr for KBGGY. At a 0.06 correlation, their price movements are largely independent.
Performance
NXT vs. KBGGY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NXT achieves a 39.92% return, which is significantly lower than KBGGY's 45.76% return.
NXT
- 1D
- 1.84%
- 1M
- -14.62%
- YTD
- 39.92%
- 6M
- 40.50%
- 1Y
- 100.76%
- 3Y*
- 42.45%
- 5Y*
- —
- 10Y*
- —
KBGGY
- 1D
- -2.77%
- 1M
- 0.32%
- YTD
- 45.76%
- 6M
- 50.38%
- 1Y
- -4.73%
- 3Y*
- 66.18%
- 5Y*
- —
- 10Y*
- —
NXT vs. KBGGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 39.92% | 138.46% | -22.03% | 19.12% |
KBGGY Kongsberg Gruppen ASA | 45.76% | 19.00% | 164.60% | -2.54% |
Correlation
The correlation between NXT and KBGGY is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.06 |
Fundamentals
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NXT vs. KBGGY — Risk / Return Rank
NXT
KBGGY
NXT vs. KBGGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Kongsberg Gruppen ASA (KBGGY). 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 | KBGGY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.01 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | -0.22 | +3.94 |
| Martin ratioReturn relative to average drawdown | 9.21 | -0.41 | +9.62 |
Loading charts...
Drawdowns
NXT vs. KBGGY - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum KBGGY drawdown of -68.35%. Use the drawdown chart below to compare losses from any high point for NXT and KBGGY.
Loading charts...
Drawdown Indicators
| NXT | KBGGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -68.35% | +19.74% |
Max Drawdown (1Y)Largest decline over 1 year | -28.42% | -43.73% | +15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -68.35% | +19.74% |
Current DrawdownCurrent decline from peak | -22.07% | -47.76% | +25.69% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -20.24% | +4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 24.92% | -13.47% |
Volatility
NXT vs. KBGGY - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 28.43% compared to Kongsberg Gruppen ASA (KBGGY) at 12.44%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than KBGGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NXT | KBGGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 12.44% | +15.99% |
Volatility (6M)Calculated over the trailing 6-month period | 50.28% | 37.36% | +12.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.83% | 55.88% | +9.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.76% | 61.51% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.76% | 61.51% | -0.75% |
Dividends
NXT vs. KBGGY - Dividend Comparison
NXT has not paid dividends to shareholders, while KBGGY's dividend yield for the trailing twelve months is around 26.08%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KBGGY Kongsberg Gruppen ASA | 26.08% | 5.82% | 1.18% |
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% |
Financials
NXT vs. KBGGY - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Kongsberg Gruppen ASA. 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
Frequently Asked Questions
NXT and KBGGY have a correlation of 0.09, 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 KBGGY (12.44%). In terms of maximum drawdown, NXT dropped -48.61% vs KBGGY's -68.35%.
NXT currently has the higher Sharpe Ratio (1.61 vs -0.18), 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.
Find the right allocation for NXT and KBGGY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer