Correlation
The correlation between NXT and VOO 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.
NXT vs. VOO
Compare and contrast key facts about Nextracker Inc (NXT) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or VOO.
Performance
NXT vs. VOO - Performance Comparison
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Key characteristics
NXT:
0.00
VOO:
0.74
NXT:
0.59
VOO:
1.04
NXT:
1.06
VOO:
1.15
NXT:
0.05
VOO:
0.68
NXT:
0.08
VOO:
2.58
NXT:
31.05%
VOO:
4.93%
NXT:
62.41%
VOO:
19.54%
NXT:
-48.61%
VOO:
-33.99%
NXT:
-7.96%
VOO:
-3.55%
Returns By Period
In the year-to-date period, NXT achieves a 55.19% return, which is significantly higher than VOO's 0.90% return.
NXT
55.19%
35.40%
48.56%
2.76%
N/A
N/A
N/A
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
NXT vs. VOO — Risk-Adjusted Performance Rank
NXT
VOO
NXT vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
NXT vs. VOO - Dividend Comparison
NXT has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.29%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
NXT vs. VOO - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NXT and VOO.
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Volatility
NXT vs. VOO - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 17.42% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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