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 0.36, 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. SPY - Performance Comparison
Key characteristics
NXT:
-0.43
SPY:
2.21
NXT:
-0.36
SPY:
2.93
NXT:
0.96
SPY:
1.41
NXT:
-0.54
SPY:
3.26
NXT:
-0.96
SPY:
14.40
NXT:
27.73%
SPY:
1.90%
NXT:
61.03%
SPY:
12.44%
NXT:
-48.61%
SPY:
-55.19%
NXT:
-40.53%
SPY:
-1.83%
Returns By Period
In the year-to-date period, NXT achieves a -22.71% return, which is significantly lower than SPY's 26.72% return.
NXT
-22.71%
-6.84%
-30.14%
-26.48%
N/A
N/A
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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Risk-Adjusted Performance
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 1.19%.
| 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% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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) has a higher volatility of 14.13% compared to SPDR S&P 500 ETF (SPY) at 3.81%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.