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NXT vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.4

Performance

NXT vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nextracker Inc (NXT) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
16.62%
49.50%
NXT
VOO

Key characteristics

Sharpe Ratio

NXT:

-0.46

VOO:

2.25

Sortino Ratio

NXT:

-0.43

VOO:

2.98

Omega Ratio

NXT:

0.95

VOO:

1.42

Calmar Ratio

NXT:

-0.58

VOO:

3.31

Martin Ratio

NXT:

-1.02

VOO:

14.77

Ulcer Index

NXT:

27.64%

VOO:

1.90%

Daily Std Dev

NXT:

61.59%

VOO:

12.46%

Max Drawdown

NXT:

-48.61%

VOO:

-33.99%

Current Drawdown

NXT:

-41.66%

VOO:

-2.47%

Returns By Period

In the year-to-date period, NXT achieves a -24.18% return, which is significantly lower than VOO's 26.02% return.


NXT

YTD

-24.18%

1M

-5.50%

6M

-35.16%

1Y

-28.06%

5Y*

N/A

10Y*

N/A

VOO

YTD

26.02%

1M

-0.11%

6M

9.35%

1Y

26.45%

5Y*

14.79%

10Y*

13.08%

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Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for NXT, currently valued at -0.46, compared to the broader market-4.00-2.000.002.00-0.462.15
The chart of Sortino ratio for NXT, currently valued at -0.43, compared to the broader market-4.00-2.000.002.004.00-0.432.87
The chart of Omega ratio for NXT, currently valued at 0.95, compared to the broader market0.501.001.502.000.951.40
The chart of Calmar ratio for NXT, currently valued at -0.58, compared to the broader market0.002.004.006.00-0.583.17
The chart of Martin ratio for NXT, currently valued at -1.02, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.0214.11
NXT
VOO

The current NXT Sharpe Ratio is -0.46, which is lower than the VOO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of NXT and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.46
2.15
NXT
VOO

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 0.91%.


TTM20232022202120202019201820172016201520142013
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
0.91%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

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. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-41.66%
-2.47%
NXT
VOO

Volatility

NXT vs. VOO - Volatility Comparison

Nextracker Inc (NXT) has a higher volatility of 14.58% compared to Vanguard S&P 500 ETF (VOO) at 3.71%. 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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
14.58%
3.71%
NXT
VOO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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