RUN vs. NXT
RUN (Sunrun Inc.) and NXT (Nextracker Inc) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 3 years, RUN returned -10.46%/yr vs 46.10%/yr for NXT. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
RUN vs. NXT - Performance Comparison
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Returns By Period
In the year-to-date period, RUN achieves a -26.85% return, which is significantly lower than NXT's 44.24% return.
RUN
- 1D
- 0.79%
- 1M
- -7.87%
- YTD
- -26.85%
- 6M
- -25.47%
- 1Y
- 58.17%
- 3Y*
- -10.46%
- 5Y*
- -20.84%
- 10Y*
- 7.89%
NXT
- 1D
- -4.50%
- 1M
- -0.21%
- YTD
- 44.24%
- 6M
- 40.08%
- 1Y
- 113.26%
- 3Y*
- 46.10%
- 5Y*
- —
- 10Y*
- —
RUN vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RUN Sunrun Inc. | -26.85% | 98.92% | -52.88% | -20.97% |
NXT Nextracker Inc | 44.24% | 138.46% | -22.03% | 54.57% |
Correlation
The correlation between RUN and NXT is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.56 |
The correlation between RUN and NXT has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
Fundamentals
RUN:
$3.67B
NXT:
$19.43B
RUN:
$2.12
NXT:
$3.83
RUN:
6.35
NXT:
32.79
RUN:
0.03
NXT:
0.01
RUN:
1.14
NXT:
5.40
RUN:
1.10
NXT:
8.32
RUN:
$3.17B
NXT:
$3.56B
RUN:
$746.75M
NXT:
$1.16B
RUN:
$544.21M
NXT:
$731.65M
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Return for Risk
RUN vs. NXT — Risk / Return Rank
RUN
NXT
RUN vs. NXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sunrun Inc. (RUN) 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.
| RUN | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 4.90 | -3.65 |
| Martin ratioReturn relative to average drawdown | 2.58 | 10.31 | -7.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RUN | NXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.75 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.88 | -0.86 |
Drawdowns
RUN vs. NXT - Drawdown Comparison
The maximum RUN drawdown since its inception was -94.13%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for RUN and NXT.
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Drawdown Indicators
| RUN | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.13% | -48.61% | -45.52% |
Max Drawdown (1Y)Largest decline over 1 year | -47.08% | -23.27% | -23.81% |
Max Drawdown (3Y)Largest decline over 3 years | -74.79% | -48.61% | -26.18% |
Max Drawdown (5Y)Largest decline over 5 years | -90.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.13% | — | — |
Current DrawdownCurrent decline from peak | -86.05% | -19.66% | -66.39% |
Average DrawdownAverage peak-to-trough decline | -54.26% | -15.32% | -38.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.60% | 11.03% | +11.57% |
Volatility
RUN vs. NXT - Volatility Comparison
The current volatility for Sunrun Inc. (RUN) is 19.55%, while Nextracker Inc (NXT) has a volatility of 28.03%. This indicates that RUN 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.
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Volatility by Period
| RUN | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.55% | 28.03% | -8.48% |
Volatility (6M)Calculated over the trailing 6-month period | 65.92% | 49.14% | +16.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.08% | 65.09% | +39.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.70% | 60.66% | +30.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.29% | 60.66% | +17.63% |
Dividends
RUN vs. NXT - Dividend Comparison
Neither RUN nor NXT has paid dividends to shareholders.
Financials
RUN vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between Sunrun Inc. and Nextracker 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
RUN vs. NXT - Profitability Comparison
RUN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported a gross profit of 0.00 and revenue of 722.23M. Therefore, the gross margin over that period was 0.0%.
NXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported a gross profit of 297.38M and revenue of 880.52M. Therefore, the gross margin over that period was 33.8%.
RUN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported an operating income of -43.51M and revenue of 722.23M, resulting in an operating margin of -6.0%.
NXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported an operating income of 153.59M and revenue of 880.52M, resulting in an operating margin of 17.4%.
RUN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported a net income of 167.64M and revenue of 722.23M, resulting in a net margin of 23.2%.
NXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nextracker Inc reported a net income of 150.60M and revenue of 880.52M, resulting in a net margin of 17.1%.
Frequently Asked Questions
RUN and NXT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (28.03%) compared to RUN (19.55%). In terms of maximum drawdown, RUN dropped -94.13% vs NXT's -48.61%.
NXT currently has the higher Sharpe Ratio (1.75 vs 0.56), 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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