NXT vs. NGD.TO

Last updated Jun 13, 2026

NXT (Nextracker Inc) and NGD.TO (New Gold Inc.) are both stocks. NXT operates in Solar (Technology), while NGD.TO operates in Gold (Basic Materials). At a 0.11 correlation, their price movements are largely independent.

Performance

NXT vs. NGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nextracker Inc (NXT) and New Gold Inc. (NGD.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NXT is traded in USD, while NGD.TO is traded in CAD. To make them comparable, the NGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

NXT

• 1D: 1.84%
• 1M: -14.62%
• YTD: 39.92%
• 6M: 40.50%
• 1Y: 100.76%
• 3Y*: 42.45%
• 5Y*: —
• 10Y*: —

NGD.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NXT vs. NGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NXT Nextracker Inc	39.92%	138.46%	-22.03%	54.57%
NGD.TO New Gold Inc.	1.41%	249.08%	72.38%	39.81%

Correlation

The correlation between NXT and NGD.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
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	0.11

Fundamentals

Market Cap NXT : $18.85B NGD.TO : CA$9.63B
EPS NXT : $3.83 NGD.TO : $1.09
PE Ratio NXT : 31.80 NGD.TO : 7.99
PEG Ratio NXT : 0.01 NGD.TO : 0.01
PS Ratio NXT : 5.23 NGD.TO : 4.65
PB Ratio NXT : 8.08 NGD.TO : 3.61
Total Revenue (TTM) NXT : $3.56B NGD.TO : $1.49B
Gross Profit (TTM) NXT : $1.16B NGD.TO : $767.09M
EBITDA (TTM) NXT : $731.65M NGD.TO : $810.05M

Return for Risk

NXT vs. NGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXT

NXT Risk / Return Rank: 84
NXT Sharpe Ratio Rank: 85
NXT Sortino Ratio Rank: 81
NXT Omega Ratio Rank: 77
NXT Calmar Ratio Rank: 88
NXT Martin Ratio Rank: 87

NGD.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXT vs. NGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and New Gold Inc. (NGD.TO). 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	NGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.26	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	3.72	—	—
Martin ratio: Return relative to average drawdown	9.21	—	—

Drawdowns

Drawdown Indicators

	NXT	NGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-48.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-28.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-48.61%	—	—
Current Drawdown Current decline from peak	-22.07%	—	—
Average Drawdown Average peak-to-trough decline	-15.35%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	11.45%	—	—

Volatility

Volatility by Period

	NXT	NGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	65.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.76%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.76%	—	—

Dividends

NXT vs. NGD.TO - Dividend Comparison

Neither NXT nor NGD.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NXT and NGD.TO in my portfolio?

NXT and NGD.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.