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.
Key characteristics
| NXT | RSPT | |
|---|---|---|
| YTD Return | -5.85% | 3.41% |
| 1Y Return | 40.08% | 29.26% |
| 3Y Return (Ann) | 132.91% | 7.81% |
| 5Y Return (Ann) | 132.91% | 15.63% |
| 10Y Return (Ann) | 132.91% | 17.41% |
| Sharpe Ratio | 0.68 | 1.69 |
| Daily Std Dev | 54.93% | 18.17% |
| Max Drawdown | -49.95% | -58.91% |
| Current Drawdown | -27.56% | -5.64% |
Correlation
The correlation between NXT and RSPT is 0.18, 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
In the year-to-date period, NXT achieves a -5.85% return, which is significantly lower than RSPT's 3.41% return. Over the past 10 years, NXT has outperformed RSPT with an annualized return of 132.91%, while RSPT has yielded a comparatively lower 17.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 0.53%.
| 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% |
RSPT Invesco S&P 500 Equal Weight Technology ETF | 0.53% | 0.56% | 0.71% | 0.50% | 1.29% | 0.92% | 0.98% | 0.84% | 1.16% | 1.18% | 1.16% | 0.80% |
Drawdowns
NXT vs. RSPT - Drawdown Comparison
The maximum NXT drawdown since its inception was -49.95%, 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 11.55% compared to Invesco S&P 500 Equal Weight Technology ETF (RSPT) at 5.45%. 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.