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.
Performance
NXT vs. RSPT - Performance Comparison
Returns By Period
In the year-to-date period, NXT achieves a -20.17% return, which is significantly lower than RSPT's 17.90% return.
NXT
-20.17%
16.71%
-27.12%
-5.44%
N/A
N/A
RSPT
17.90%
1.78%
8.76%
29.20%
16.10%
16.75%
Key characteristics
| NXT | RSPT | |
|---|---|---|
| Sharpe Ratio | -0.08 | 1.54 |
| Sortino Ratio | 0.38 | 2.08 |
| Omega Ratio | 1.04 | 1.26 |
| Calmar Ratio | -0.10 | 2.31 |
| Martin Ratio | -0.18 | 7.39 |
| Ulcer Index | 25.32% | 4.02% |
| Daily Std Dev | 61.67% | 19.32% |
| Max Drawdown | -48.61% | -58.91% |
| Current Drawdown | -38.58% | -1.62% |
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Correlation
The correlation between NXT and RSPT is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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 0.45%.
| 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 | 0.45% | 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 -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 27.58% compared to Invesco S&P 500 Equal Weight Technology ETF (RSPT) at 6.35%. 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.