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NXT vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

NXT vs. QQQ

Last updated May 21, 2025

Compare and contrast key facts about Nextracker Inc (NXT) and Invesco QQQ (QQQ).

QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or QQQ.

Correlation

The correlation between NXT and QQQ is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

NXT vs. QQQ - Performance Comparison

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

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Key characteristics

Sharpe Ratio

NXT:

0.51

QQQ:

0.60

Sortino Ratio

NXT:

1.39

QQQ:

1.03

Omega Ratio

NXT:

1.15

QQQ:

1.14

Calmar Ratio

NXT:

0.71

QQQ:

0.69

Martin Ratio

NXT:

1.12

QQQ:

2.26

Ulcer Index

NXT:

31.02%

QQQ:

6.99%

Daily Std Dev

NXT:

65.03%

QQQ:

25.46%

Max Drawdown

NXT:

-48.61%

QQQ:

-82.98%

Current Drawdown

NXT:

-4.22%

QQQ:

-3.42%

Returns By Period

In the year-to-date period, NXT achieves a 61.48% return, which is significantly higher than QQQ's 1.92% return.

NXT

YTD

61.48%

1M

46.38%

6M

62.06%

1Y

32.86%

3Y*

N/A

5Y*

N/A

10Y*

N/A

QQQ

YTD

1.92%

1M

17.15%

6M

3.66%

1Y

15.07%

3Y*

22.52%

5Y*

18.59%

10Y*

17.68%

*Annualized

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Nextracker Inc

Invesco QQQ

Risk-Adjusted Performance

NXT vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NXT
The Risk-Adjusted Performance Rank of NXT is 7272
Overall Rank
The Sharpe Ratio Rank of NXT is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of NXT is 7575
Sortino Ratio Rank
The Omega Ratio Rank of NXT is 6868
Omega Ratio Rank
The Calmar Ratio Rank of NXT is 7878
Calmar Ratio Rank
The Martin Ratio Rank of NXT is 6565
Martin Ratio Rank
QQQ
The Risk-Adjusted Performance Rank of QQQ is 6262
Overall Rank
The Sharpe Ratio Rank of QQQ is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6363
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6363
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6868
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 6161
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NXT vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Invesco QQQ (QQQ). 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.

The current NXT Sharpe Ratio is 0.51, which is comparable to the QQQ Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of NXT and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

NXT vs. QQQ - Dividend Comparison

NXT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.57%.

TTM20242023202220212020201920182017201620152014
NXT
Nextracker Inc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ		0.57%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

NXT vs. QQQ - Drawdown Comparison

The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NXT and QQQ. For additional features, visit the drawdowns tool.

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Volatility

NXT vs. QQQ - Volatility Comparison

Nextracker Inc (NXT) has a higher volatility of 18.48% compared to Invesco QQQ (QQQ) at 5.64%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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