RSPT vs. NXT
RSPT (Invesco S&P 500 Equal Weight Technology ETF) is Technology Equities fund tracking the S&P 500® Information Technology Index, while NXT (Nextracker Inc) is a stock. Over the past 3 years, RSPT returned 30.81%/yr vs 46.17%/yr for NXT. At a 0.43 correlation, their price movements are largely independent.
Performance
RSPT vs. NXT - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with RSPT having a 37.17% return and NXT slightly higher at 38.49%.
RSPT
- 1D
- -3.45%
- 1M
- 2.35%
- YTD
- 37.17%
- 6M
- 34.77%
- 1Y
- 59.82%
- 3Y*
- 30.81%
- 5Y*
- 17.50%
- 10Y*
- 22.05%
NXT
- 1D
- -6.53%
- 1M
- -7.56%
- YTD
- 38.49%
- 6M
- 32.51%
- 1Y
- 114.66%
- 3Y*
- 46.17%
- 5Y*
- —
- 10Y*
- —
RSPT vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RSPT Invesco S&P 500 Equal Weight Technology ETF | 37.17% | 22.15% | 15.16% | 20.61% |
NXT Nextracker Inc | 38.49% | 138.46% | -22.03% | 54.57% |
Correlation
The correlation between RSPT and NXT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RSPT vs. NXT — Risk / Return Rank
RSPT
NXT
RSPT vs. NXT - Risk-Adjusted Trends 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.
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.
| RSPT | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 4.06 | +1.18 |
| Martin ratioReturn relative to average drawdown | 17.83 | 9.74 | +8.09 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| RSPT | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.91% | -48.61% | -10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -28.42% | +16.95% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -48.61% | +21.99% |
Max Drawdown (5Y)Largest decline over 5 years | -32.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -7.58% | -22.86% | +15.28% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -15.38% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 11.82% | -8.46% |
Volatility
RSPT vs. NXT - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Technology ETF (RSPT) is 12.54%, while Nextracker Inc (NXT) has a volatility of 27.64%. 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.
Loading charts...
Volatility by Period
| RSPT | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.54% | 27.64% | -15.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 50.12% | -30.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 66.21% | -42.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 60.71% | -36.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.94% | 60.71% | -36.77% |
Dividends
RSPT vs. NXT - Dividend Comparison
RSPT's dividend yield for the trailing twelve months is around 0.26%, while NXT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RSPT Invesco S&P 500 Equal Weight Technology ETF | 0.26% | 0.39% | 0.44% | 0.56% | 0.71% | 0.50% | 1.29% | 0.92% | 0.98% | 0.84% | 1.16% | 1.18% |
Frequently Asked Questions
RSPT and NXT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (27.64%) compared to RSPT (12.54%). In terms of maximum drawdown, RSPT dropped -58.91% vs NXT's -48.61%.
RSPT currently has the higher Sharpe Ratio (2.53 vs 1.74), 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.
Find the right allocation for RSPT and NXT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer