NXT vs. TMC
NXT (Nextpower 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 34.65%/yr vs 53.57%/yr for TMC. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
NXT vs. TMC - Performance Comparison
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Returns By Period
In the year-to-date period, NXT achieves a 14.58% return, which is significantly higher than TMC's -34.85% return.
NXT
- 1D
- 1.39%
- 1M
- -13.23%
- 6M
- -14.49%
- YTD
- 14.58%
- 1Y
- 78.17%
- 3Y*
- 34.65%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 40.77%
TMC
- 1D
- 1.77%
- 1M
- -5.19%
- 6M
- -38.44%
- YTD
- -34.85%
- 1Y
- -22.47%
- 3Y*
- 53.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -18.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.72M | $323.29M | $380.97M | |
| $14.44M | $15.88M | $25.65M |
NXT vs. TMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NXT Nextpower Inc. | 14.58% | 138.46% | -22.03% | 54.57% |
TMC TMC the metals company Inc. | -34.85% | 450.89% | 1.82% | -6.78% |
Correlation
The correlation between NXT and TMC is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.18 |
The correlation between NXT and TMC shifts across timeframes, from 0.18 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NXT:
$15.14B
TMC:
$1.74B
NXT:
$3.86
TMC:
-$0.00
NXT:
$3.63B
TMC:
$0.00
NXT:
$1.21B
TMC:
-$136.00K
NXT:
$739.99M
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 Nextpower 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NXT | TMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.03 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.33 | +2.18 |
| Martin ratioReturn relative to average drawdown | 4.92 | -0.53 | +5.45 |
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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 | -42.54% | -67.73% | +25.19% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -67.73% | +19.12% |
Current DrawdownCurrent decline from peak | -36.18% | -67.71% | +31.53% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -79.06% | +63.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.95% | 42.21% | -26.26% |
Volatility
NXT vs. TMC - Volatility Comparison
Nextpower Inc. (NXT) has a higher volatility of 22.56% compared to TMC the metals company Inc. (TMC) at 19.92%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than TMC based on this measure. 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 | 22.56% | 19.92% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 52.12% | 56.21% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.28% | 93.07% | -24.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.22% | 112.02% | -50.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.22% | 112.02% | -50.80% |
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 Nextpower 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 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (22.56%) compared to TMC (19.92%). In terms of maximum drawdown, NXT dropped -48.61% vs TMC's -95.58%.
NXT currently has the higher Sharpe Ratio (1.15 vs -0.24), 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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