NXT vs. MEDP
NXT (Nextracker Inc) and MEDP (Medpace Holdings, Inc.) are both stocks. NXT operates in Solar (Technology), while MEDP operates in Diagnostics & Research (Healthcare). Over the past 3 years, NXT returned 42.45%/yr vs 28.75%/yr for MEDP. At a 0.20 correlation, their price movements are largely independent.
Performance
NXT vs. MEDP - 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 MEDP's -16.79% return.
NXT
- 1D
- 1.84%
- 1M
- -10.63%
- YTD
- 39.92%
- 6M
- 40.50%
- 1Y
- 105.12%
- 3Y*
- 42.45%
- 5Y*
- —
- 10Y*
- —
MEDP
- 1D
- -1.63%
- 1M
- 10.28%
- YTD
- -16.79%
- 6M
- -16.23%
- 1Y
- 53.73%
- 3Y*
- 28.75%
- 5Y*
- 21.69%
- 10Y*
- —
NXT vs. MEDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 39.92% | 138.46% | -22.03% | 54.57% |
MEDP Medpace Holdings, Inc. | -16.79% | 69.05% | 8.38% | 31.22% |
Correlation
The correlation between NXT and MEDP is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.20 |
Fundamentals
NXT:
$18.85B
MEDP:
$13.54B
NXT:
$3.83
MEDP:
$15.63
NXT:
31.80
MEDP:
29.89
NXT:
0.01
MEDP:
0.90
NXT:
5.23
MEDP:
5.14
NXT:
8.08
MEDP:
22.62
NXT:
$3.56B
MEDP:
$2.68B
NXT:
$1.16B
MEDP:
$778.59M
NXT:
$731.65M
MEDP:
$572.96M
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Return for Risk
NXT vs. MEDP — Risk / Return Rank
NXT
MEDP
NXT vs. MEDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Medpace Holdings, Inc. (MEDP). 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 | MEDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 1.48 | +2.24 |
| Martin ratioReturn relative to average drawdown | 9.21 | 3.28 | +5.94 |
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Drawdowns
NXT vs. MEDP - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, which is greater than MEDP's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for NXT and MEDP.
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Drawdown Indicators
| NXT | MEDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -42.87% | -5.74% |
Max Drawdown (1Y)Largest decline over 1 year | -28.42% | -36.61% | +8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -39.38% | -9.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.87% | — |
Current DrawdownCurrent decline from peak | -22.07% | -24.69% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -12.92% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 16.45% | -5.00% |
Volatility
NXT vs. MEDP - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 28.43% compared to Medpace Holdings, Inc. (MEDP) at 6.83%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than MEDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXT | MEDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 6.83% | +21.60% |
Volatility (6M)Calculated over the trailing 6-month period | 50.28% | 37.78% | +12.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.83% | 68.99% | -3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.76% | 51.61% | +9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.76% | 49.76% | +11.00% |
Dividends
NXT vs. MEDP - Dividend Comparison
Neither NXT nor MEDP has paid dividends to shareholders.
Financials
NXT vs. MEDP - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Medpace Holdings, 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. MEDP - 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%.
MEDP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Medpace Holdings, Inc. reported a gross profit of 196.33M and revenue of 706.60M. Therefore, the gross margin over that period was 27.8%.
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%.
MEDP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Medpace Holdings, Inc. reported an operating income of 141.50M and revenue of 706.60M, resulting in an operating margin of 20.0%.
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%.
MEDP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Medpace Holdings, Inc. reported a net income of 123.87M and revenue of 706.60M, resulting in a net margin of 17.5%.
Frequently Asked Questions
NXT and MEDP have a correlation of 0.11, 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 MEDP (6.83%). In terms of maximum drawdown, NXT dropped -48.61% vs MEDP's -42.87%.
NXT currently has the higher Sharpe Ratio (1.61 vs 0.78), 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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