ENVX vs RXT
Comparison between Enovix Corporation (ENVX, Company) and Rackspace Technology Inc (RXT, Company).
ENVX is from the Industrials sector, while RXT is from the Technology sector.
5-Year PerformanceENVX has outperformed RXT, delivering a return of -21.2% compared to -26.0%
ENVX vs RXT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ENVX vs RXT - Historical Returns
Returns include dividend reinvestment.
ENVX vs RXT - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | ENVX | RXT |
|---|---|---|
| 2026 | -40.43% | +332.11% |
| 2025 | -31.01% | -55.67% |
| 2024 | -11.05% | +16.93% |
| 2023 | +3.30% | -31.27% |
| 2022 | -54.20% | -78.73% |
| 2021 | +117.37% | -29.44% |
| 2020 | N/A | +16.29% |
ENVX vs RXT Drawdown Comparison
The maximum drawdown for ENVX was -85.00%, occurring on Jul 16, 2026. This drawdown has not yet recovered.
The maximum drawdown for RXT was -98.43%, occurring on Feb 12, 2026. This drawdown has not yet recovered.
The current ENVX drawdown is -85.00%. The current RXT drawdown is -83.85%.
| Rank | ENVX | RXT |
|---|---|---|
| #1 | -85.00% Nov 19, 2021 - Jul 16, 2026 | -98.43% Apr 9, 2021 - Feb 12, 2026 |
| #2 | -44.57% Jul 2, 2021 - Oct 28, 2021 | -27.03% Aug 31, 2020 - Jan 26, 2021 |
| #3 | -42.74% Feb 22, 2021 - Jun 28, 2021 | -20.29% Feb 16, 2021 - Apr 5, 2021 |
| #4 | -16.67% Jan 22, 2021 - Feb 3, 2021 | -14.37% Jan 27, 2021 - Feb 12, 2021 |
| #5 | -9.05% Jan 7, 2021 - Jan 19, 2021 | -6.04% Aug 5, 2020 - Aug 14, 2020 |
| #6 | -9.03% Nov 3, 2021 - Nov 11, 2021 | -3.39% Aug 18, 2020 - Aug 26, 2020 |
| #7 | -5.52% Feb 8, 2021 - Feb 22, 2021 | -2.69% Apr 5, 2021 - Apr 9, 2021 |
| #8 | -3.46% Nov 12, 2021 - Nov 16, 2021 | -1.63% Aug 26, 2020 - Aug 28, 2020 |
| #9 | -1.84% Nov 16, 2021 - Nov 18, 2021 | N/A |
| #10 | -1.27% Feb 3, 2021 - Feb 5, 2021 | N/A |
| #11 | -0.26% Oct 28, 2021 - Nov 1, 2021 | N/A |
| #12 | -0.07% Jan 19, 2021 - Jan 21, 2021 | N/A |
Correlation
Correlation between ENVX and RXT is 0.48 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
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