PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
RSPT vs. NXT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

RSPT vs. NXT - Performance Comparison

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

-40.00%-30.00%-20.00%-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
8.76%
-27.12%
RSPT
NXT

Returns By Period

In the year-to-date period, RSPT achieves a 17.90% return, which is significantly higher than NXT's -20.17% return.


RSPT

YTD

17.90%

1M

1.78%

6M

8.76%

1Y

29.20%

5Y (annualized)

16.10%

10Y (annualized)

16.75%

NXT

YTD

-20.17%

1M

16.71%

6M

-27.12%

1Y

-5.44%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


RSPTNXT
Sharpe Ratio1.54-0.08
Sortino Ratio2.080.38
Omega Ratio1.261.04
Calmar Ratio2.31-0.10
Martin Ratio7.39-0.18
Ulcer Index4.02%25.32%
Daily Std Dev19.32%61.67%
Max Drawdown-58.91%-48.61%
Current Drawdown-1.62%-38.58%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Correlation

-0.50.00.51.00.4

The correlation between RSPT and NXT is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

RSPT vs. NXT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Technology ETF (RSPT) and Nextracker Inc (NXT). 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 RSPT, currently valued at 1.54, compared to the broader market0.002.004.001.54-0.08
The chart of Sortino ratio for RSPT, currently valued at 2.08, compared to the broader market-2.000.002.004.006.008.0010.0012.002.080.38
The chart of Omega ratio for RSPT, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.04
The chart of Calmar ratio for RSPT, currently valued at 2.31, compared to the broader market0.005.0010.0015.002.31-0.10
The chart of Martin ratio for RSPT, currently valued at 7.39, compared to the broader market0.0020.0040.0060.0080.00100.007.39-0.18
RSPT
NXT

The current RSPT Sharpe Ratio is 1.54, which is higher than the NXT Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of RSPT and NXT, 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 Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.54
-0.08
RSPT
NXT

Dividends

RSPT vs. NXT - Dividend Comparison

RSPT's dividend yield for the trailing twelve months is around 0.45%, while NXT has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
RSPT
Invesco S&P 500 Equal Weight Technology ETF
0.45%0.56%0.71%0.50%1.29%0.92%0.98%0.84%1.16%1.18%1.16%0.80%
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%

Drawdowns

RSPT vs. NXT - Drawdown Comparison

The maximum RSPT drawdown since its inception was -58.91%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for RSPT and NXT. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.62%
-38.58%
RSPT
NXT

Volatility

RSPT vs. NXT - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Technology ETF (RSPT) is 6.35%, while Nextracker Inc (NXT) has a volatility of 27.58%. This indicates that RSPT experiences smaller price fluctuations and is considered to be less risky than NXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
6.35%
27.58%
RSPT
NXT