NXT vs. SPY
Compare and contrast key facts about Nextracker Inc (NXT) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or SPY.
Correlation
The correlation between NXT and SPY is 0.33, 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. SPY - Performance Comparison
Key characteristics
NXT:
-0.13
SPY:
0.30
NXT:
0.26
SPY:
0.56
NXT:
1.03
SPY:
1.08
NXT:
-0.15
SPY:
0.31
NXT:
-0.25
SPY:
1.40
NXT:
30.28%
SPY:
4.18%
NXT:
58.96%
SPY:
19.64%
NXT:
-48.61%
SPY:
-55.19%
NXT:
-33.16%
SPY:
-13.86%
Returns By Period
In the year-to-date period, NXT achieves a 10.91% return, which is significantly higher than SPY's -9.91% return.
NXT
10.91%
-9.34%
21.24%
-9.07%
N/A
N/A
SPY
-9.91%
-5.89%
-9.03%
6.50%
14.62%
11.57%
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Risk-Adjusted Performance
NXT vs. SPY — Risk-Adjusted Performance Rank
NXT
SPY
NXT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NXT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.36%.
| 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% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NXT vs. SPY - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NXT and SPY. For additional features, visit the drawdowns tool.
Volatility
NXT vs. SPY - Volatility Comparison
Nextracker Inc (NXT) and SPDR S&P 500 ETF (SPY) have volatilities of 15.12% and 14.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.