NXT vs. RDIV
NXT (Nextracker Inc) is a stock, while RDIV (Invesco S&P Ultra Dividend Revenue ETF) is Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index. Over the past 3 years, NXT returned 43.39%/yr vs 18.89%/yr for RDIV. At a 0.28 correlation, their price movements are largely independent.
Performance
NXT vs. RDIV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NXT achieves a 28.00% return, which is significantly higher than RDIV's 16.88% return.
NXT
- 1D
- -1.07%
- 1M
- -8.52%
- 6M
- 22.30%
- YTD
- 28.00%
- 1Y
- 80.71%
- 3Y*
- 43.39%
- 5Y*
- —
- 10Y*
- —
RDIV
- 1D
- 0.93%
- 1M
- 0.11%
- 6M
- 12.87%
- YTD
- 16.88%
- 1Y
- 25.90%
- 3Y*
- 18.89%
- 5Y*
- 12.25%
- 10Y*
- 10.65%
NXT vs. RDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 28.00% | 138.46% | -22.03% | 54.57% |
RDIV Invesco S&P Ultra Dividend Revenue ETF | 16.88% | 12.36% | 15.17% | -1.68% |
Correlation
The correlation between NXT and RDIV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.28 |
The correlation between NXT and RDIV shifts across timeframes, from 0.12 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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. RDIV — Risk / Return Rank
NXT
RDIV
NXT vs. RDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). 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 | RDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 5.14 | -2.66 |
| Martin ratioReturn relative to average drawdown | 5.96 | 14.67 | -8.71 |
Loading charts...
Drawdowns
NXT vs. RDIV - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, roughly equal to the maximum RDIV drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for NXT and RDIV.
Loading charts...
Drawdown Indicators
| NXT | RDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -49.97% | +1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -31.62% | -4.84% | -26.78% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -17.91% | -30.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.97% | — |
Current DrawdownCurrent decline from peak | -28.71% | 0.00% | -28.71% |
Average DrawdownAverage peak-to-trough decline | -15.55% | -5.82% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.13% | 1.72% | +11.41% |
Volatility
NXT vs. RDIV - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 18.68% compared to Invesco S&P Ultra Dividend Revenue ETF (RDIV) at 4.67%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than RDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NXT | RDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.68% | 4.67% | +14.01% |
Volatility (6M)Calculated over the trailing 6-month period | 50.92% | 9.17% | +41.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.98% | 13.34% | +52.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.73% | 17.44% | +43.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.73% | 21.83% | +38.90% |
Dividends
NXT vs. RDIV - Dividend Comparison
NXT has not paid dividends to shareholders, while RDIV's dividend yield for the trailing twelve months is around 3.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RDIV Invesco S&P Ultra Dividend Revenue ETF | 3.62% | 3.94% | 4.08% | 3.93% | 3.44% | 3.31% | 4.93% | 3.84% | 4.32% | 4.26% | 2.20% | 4.49% |
Frequently Asked Questions
NXT and RDIV 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 (18.68%) compared to RDIV (4.67%). In terms of maximum drawdown, NXT dropped -48.61% vs RDIV's -49.97%.
RDIV currently has the higher Sharpe Ratio (1.87 vs 1.19), 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 RDIV
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