NXT vs. PPTA
NXT (Nextracker Inc) and PPTA (Perpetua Resources Corp) are both stocks. NXT operates in Solar (Technology), while PPTA operates in Other Precious Metals & Mining (Basic Materials). Over the past 3 years, NXT returned 42.45%/yr vs 77.19%/yr for PPTA. At a 0.18 correlation, their price movements are largely independent.
Performance
NXT vs. PPTA - 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 PPTA's -0.50% return.
NXT
- 1D
- 1.84%
- 1M
- -10.63%
- YTD
- 39.92%
- 6M
- 40.50%
- 1Y
- 105.12%
- 3Y*
- 42.45%
- 5Y*
- —
- 10Y*
- —
PPTA
- 1D
- 2.77%
- 1M
- -24.17%
- YTD
- -0.50%
- 6M
- -16.47%
- 1Y
- 83.61%
- 3Y*
- 77.19%
- 5Y*
- 22.85%
- 10Y*
- —
NXT vs. PPTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 39.92% | 138.46% | -22.03% | 54.57% |
PPTA Perpetua Resources Corp | -0.50% | 126.90% | 236.59% | -11.20% |
Correlation
The correlation between NXT and PPTA is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
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 | 0.18 |
Fundamentals
NXT:
$18.85B
PPTA:
$2.25B
NXT:
$3.83
PPTA:
$1.22
NXT:
31.80
PPTA:
19.69
NXT:
0.01
PPTA:
0.05
NXT:
8.08
PPTA:
2.61
NXT:
$3.56B
PPTA:
$0.00
NXT:
$1.16B
PPTA:
$0.00
NXT:
$731.65M
PPTA:
$0.00
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Return for Risk
NXT vs. PPTA — Risk / Return Rank
NXT
PPTA
NXT vs. PPTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Perpetua Resources Corp (PPTA). 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 | PPTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 1.97 | +1.75 |
| Martin ratioReturn relative to average drawdown | 9.21 | 5.23 | +3.98 |
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Drawdowns
NXT vs. PPTA - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum PPTA drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for NXT and PPTA.
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Drawdown Indicators
| NXT | PPTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -81.78% | +33.17% |
Max Drawdown (1Y)Largest decline over 1 year | -28.42% | -42.61% | +14.19% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -42.61% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.78% | — |
Current DrawdownCurrent decline from peak | -22.07% | -35.28% | +13.21% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -38.70% | +23.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 16.04% | -4.59% |
Volatility
NXT vs. PPTA - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 28.43% compared to Perpetua Resources Corp (PPTA) at 25.93%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than PPTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXT | PPTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.43% | 25.93% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 50.28% | 56.52% | -6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.83% | 75.66% | -9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.76% | 72.00% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.76% | 72.22% | -11.46% |
Dividends
NXT vs. PPTA - Dividend Comparison
Neither NXT nor PPTA has paid dividends to shareholders.
Financials
NXT vs. PPTA - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Perpetua Resources Corp. 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 PPTA have a correlation of 0.18, 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 PPTA (25.93%). In terms of maximum drawdown, NXT dropped -48.61% vs PPTA's -81.78%.
NXT currently has the higher Sharpe Ratio (1.61 vs 1.16), 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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