NXT vs. TMC
NXT (Nextracker Inc) and TMC (TMC the metals company Inc.) are both stocks. NXT operates in Solar (Technology), while TMC operates in Other Industrial Metals & Mining (Basic Materials). Over the past 3 years, NXT returned 53.16%/yr vs 109.51%/yr for TMC. At a 0.15 correlation, their price movements are largely independent.
Performance
NXT vs. TMC - Performance Comparison
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Returns By Period
In the year-to-date period, NXT achieves a 68.14% return, which is significantly higher than TMC's -0.81% return.
NXT
- 1D
- -3.78%
- 1M
- 25.26%
- YTD
- 68.14%
- 6M
- 68.59%
- 1Y
- 152.62%
- 3Y*
- 53.16%
- 5Y*
- —
- 10Y*
- —
TMC
- 1D
- -5.70%
- 1M
- 17.92%
- YTD
- -0.81%
- 6M
- -20.73%
- 1Y
- 45.37%
- 3Y*
- 109.51%
- 5Y*
- —
- 10Y*
- —
NXT vs. TMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextracker Inc | 68.14% | 138.46% | -22.03% | 53.81% |
TMC TMC the metals company Inc. | -0.81% | 450.89% | 1.82% | -8.33% |
Correlation
The correlation between NXT and TMC is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023 | 0.15 |
Fundamentals
NXT:
$22.65B
TMC:
$1.97T
NXT:
$3.83
TMC:
-$0.00
NXT:
$3.56B
TMC:
$0.00
NXT:
$1.16B
TMC:
-$136.00K
NXT:
$731.65M
TMC:
-$296.72M
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Return for Risk
NXT vs. TMC — Risk / Return Rank
NXT
TMC
NXT vs. TMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and TMC the metals company Inc. (TMC). 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.
| NXT | TMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.60 | 0.74 | +5.86 |
| Martin ratioReturn relative to average drawdown | 14.05 | 1.23 | +12.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NXT | TMC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 0.44 | +1.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | -0.08 | +1.09 |
Drawdowns
NXT vs. TMC - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for NXT and TMC.
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Drawdown Indicators
| NXT | TMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -95.58% | +46.97% |
Max Drawdown (1Y)Largest decline over 1 year | -23.27% | -61.65% | +38.38% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -74.56% | +25.95% |
Current DrawdownCurrent decline from peak | -6.35% | -50.84% | +44.49% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -79.62% | +64.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 36.96% | -26.05% |
Volatility
NXT vs. TMC - Volatility Comparison
Nextracker Inc (NXT) and TMC the metals company Inc. (TMC) have volatilities of 24.47% and 24.46%, 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.
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Volatility by Period
| NXT | TMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.47% | 24.46% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 47.05% | 69.15% | -22.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.65% | 103.69% | -40.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.29% | 113.08% | -52.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.29% | 113.08% | -52.79% |
Dividends
NXT vs. TMC - Dividend Comparison
Neither NXT nor TMC has paid dividends to shareholders.
Financials
NXT vs. TMC - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and TMC the metals company Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NXT and TMC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (24.47%) compared to TMC (24.46%). In terms of maximum drawdown, NXT dropped -48.61% vs TMC's -95.58%.
NXT currently has the higher Sharpe Ratio (2.42 vs 0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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