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:
-0.27
SPY:
1.88
NXT:
-0.03
SPY:
2.53
NXT:
1.00
SPY:
1.35
NXT:
-0.33
SPY:
2.83
NXT:
-0.54
SPY:
11.74
NXT:
29.52%
SPY:
2.02%
NXT:
57.76%
SPY:
12.64%
NXT:
-48.61%
SPY:
-55.19%
NXT:
-20.61%
SPY:
-0.42%
Returns By Period
In the year-to-date period, NXT achieves a 31.72% return, which is significantly higher than SPY's 4.15% return.
NXT
31.72%
15.02%
22.56%
-16.08%
N/A
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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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 1.16%.
| 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 | 1.16% | 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) has a higher volatility of 17.29% compared to SPDR S&P 500 ETF (SPY) at 2.93%. 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.