NXT vs. NFLX
NXT (Nextracker Inc) and NFLX (Netflix, Inc.) are both stocks. NXT operates in Solar (Technology), while NFLX operates in Entertainment (Communication Services). Over the past 3 years, NXT returned 42.45%/yr vs 22.62%/yr for NFLX. At a 0.07 correlation, their price movements are largely independent.
Performance
NXT vs. NFLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NXT achieves a 39.92% return, which is significantly higher than NFLX's -14.31% return.
NXT
- 1D
- 1.84%
- 1M
- -14.62%
- YTD
- 39.92%
- 6M
- 40.50%
- 1Y
- 100.76%
- 3Y*
- 42.45%
- 5Y*
- —
- 10Y*
- —
NFLX
- 1D
- -1.14%
- 1M
- -7.59%
- YTD
- -14.31%
- 6M
- -15.60%
- 1Y
- -33.72%
- 3Y*
- 22.62%
- 5Y*
- 10.45%
- 10Y*
- 23.92%
NXT vs. NFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 39.92% | 138.46% | -22.03% | 54.57% |
NFLX Netflix, Inc. | -14.31% | 5.19% | 83.07% | 32.73% |
Correlation
The correlation between NXT and NFLX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.07 |
The correlation between NXT and NFLX shifts across timeframes, from -0.12 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NXT:
$18.85B
NFLX:
$345.34B
NXT:
$3.83
NFLX:
$3.09
NXT:
31.80
NFLX:
25.99
NXT:
0.01
NFLX:
1.03
NXT:
5.23
NFLX:
7.41
NXT:
8.08
NFLX:
11.09
NXT:
$3.56B
NFLX:
$46.89B
NXT:
$1.16B
NFLX:
$22.99B
NXT:
$731.65M
NFLX:
$26.91B
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. NFLX — Risk / Return Rank
NXT
NFLX
NXT vs. NFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Netflix, Inc. (NFLX). 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 | NFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.71 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.81 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | -0.78 | +4.50 |
| Martin ratioReturn relative to average drawdown | 9.21 | -1.35 | +10.56 |
Loading charts...
Drawdowns
NXT vs. NFLX - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for NXT and NFLX.
Loading charts...
Drawdown Indicators
| NXT | NFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -81.99% | +33.38% |
Max Drawdown (1Y)Largest decline over 1 year | -28.42% | -43.35% | +14.93% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -43.35% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.95% | — |
Current DrawdownCurrent decline from peak | -22.07% | -40.01% | +17.94% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -24.91% | +9.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 25.19% | -13.74% |
Volatility
NXT vs. NFLX - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 28.43% compared to Netflix, Inc. (NFLX) at 5.85%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than NFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NXT | NFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 5.85% | +22.58% |
Volatility (6M)Calculated over the trailing 6-month period | 50.28% | 24.58% | +25.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.83% | 33.05% | +32.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.76% | 43.09% | +17.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.76% | 41.49% | +19.27% |
Dividends
NXT vs. NFLX - Dividend Comparison
Neither NXT nor NFLX has paid dividends to shareholders.
Financials
NXT vs. NFLX - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Netflix, 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. NFLX - 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%.
NFLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported a gross profit of 6.36B and revenue of 12.25B. Therefore, the gross margin over that period was 51.9%.
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%.
NFLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported an operating income of 3.96B and revenue of 12.25B, resulting in an operating margin of 32.3%.
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%.
NFLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported a net income of 5.28B and revenue of 12.25B, resulting in a net margin of 43.1%.
Frequently Asked Questions
NXT and NFLX have a correlation of -0.12, 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 NFLX (5.85%). In terms of maximum drawdown, NXT dropped -48.61% vs NFLX's -81.99%.
NXT currently has the higher Sharpe Ratio (1.61 vs -1.03), 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 NFLX
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