NXT vs. RSPT
Compare and contrast key facts about Nextracker Inc (NXT) and Invesco S&P 500 Equal Weight Technology ETF (RSPT).
RSPT is a passively managed fund by Invesco that tracks the performance of the S&P 500® Information Technology Index. It was launched on Jan 11, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or RSPT.
Correlation
The correlation between NXT and RSPT is 0.39, 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. RSPT - Performance Comparison
Key characteristics
NXT:
-0.26
RSPT:
0.93
NXT:
-0.00
RSPT:
1.34
NXT:
1.00
RSPT:
1.17
NXT:
-0.31
RSPT:
1.43
NXT:
-0.51
RSPT:
4.40
NXT:
29.49%
RSPT:
4.17%
NXT:
57.80%
RSPT:
19.65%
NXT:
-48.61%
RSPT:
-58.91%
NXT:
-19.66%
RSPT:
0.00%
Returns By Period
In the year-to-date period, NXT achieves a 33.31% return, which is significantly higher than RSPT's 7.64% return.
NXT
33.31%
10.44%
22.05%
-16.92%
N/A
N/A
RSPT
7.64%
4.60%
8.36%
20.63%
15.32%
16.74%
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Risk-Adjusted Performance
NXT vs. RSPT — Risk-Adjusted Performance Rank
NXT
RSPT
NXT vs. RSPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Invesco S&P 500 Equal Weight Technology ETF (RSPT). 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. RSPT - Dividend Comparison
NXT has not paid dividends to shareholders, while RSPT's dividend yield for the trailing twelve months is around 0.40%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RSPT Invesco S&P 500 Equal Weight Technology ETF | 0.40% | 0.44% | 0.56% | 0.71% | 0.50% | 1.29% | 0.92% | 0.98% | 0.84% | 1.16% | 1.18% | 1.16% |
Drawdowns
NXT vs. RSPT - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum RSPT drawdown of -58.91%. Use the drawdown chart below to compare losses from any high point for NXT and RSPT. For additional features, visit the drawdowns tool.
Volatility
NXT vs. RSPT - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 18.20% compared to Invesco S&P 500 Equal Weight Technology ETF (RSPT) at 5.55%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than RSPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.