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 0.36, 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. RSPT - Performance Comparison
Loading data...
Key characteristics
NXT:
0.51
RSPT:
0.32
NXT:
1.39
RSPT:
0.69
NXT:
1.15
RSPT:
1.09
NXT:
0.71
RSPT:
0.37
NXT:
1.12
RSPT:
1.24
NXT:
31.02%
RSPT:
7.91%
NXT:
65.03%
RSPT:
27.67%
NXT:
-48.61%
RSPT:
-58.91%
NXT:
-4.22%
RSPT:
-4.65%
Returns By Period
In the year-to-date period, NXT achieves a 61.48% return, which is significantly higher than RSPT's 2.64% return.
NXT
61.48%
46.38%
62.06%
32.86%
N/A
N/A
N/A
RSPT
2.64%
20.74%
2.52%
8.79%
16.05%
16.11%
16.04%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading data...
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 0.43%.
| 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 | 0.43% | 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.
Loading data...
Volatility
NXT vs. RSPT - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 18.48% compared to Invesco S&P 500 Equal Weight Technology ETF (RSPT) at 6.69%. 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.
Loading data...