NXT vs. QQQ
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.
Performance
NXT vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, NXT achieves a -20.17% return, which is significantly lower than QQQ's 23.84% return.
NXT
-20.17%
16.71%
-27.12%
-5.44%
N/A
N/A
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| NXT | QQQ | |
|---|---|---|
| Sharpe Ratio | -0.08 | 1.78 |
| Sortino Ratio | 0.38 | 2.37 |
| Omega Ratio | 1.04 | 1.32 |
| Calmar Ratio | -0.10 | 2.28 |
| Martin Ratio | -0.18 | 8.27 |
| Ulcer Index | 25.32% | 3.73% |
| Daily Std Dev | 61.67% | 17.37% |
| Max Drawdown | -48.61% | -82.98% |
| Current Drawdown | -38.58% | -1.78% |
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Correlation
The correlation between NXT and QQQ is 0.32, 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.
Risk-Adjusted Performance
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.
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 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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.
Volatility
NXT vs. QQQ - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 27.58% compared to Invesco QQQ (QQQ) at 5.41%. 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.