NN vs RNW
Comparison between NextNav Inc (NN, Company) and ReNew Energy Global plc - Class A (RNW, Company).
NN is from the Technology sector, while RNW is from the Utilities sector.
5-Year PerformanceNN has outperformed RNW, delivering a return of +10.4% compared to -9.2%
NN vs RNW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NN vs RNW - Historical Returns
Returns include dividend reinvestment.
NN vs RNW - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | NN | RNW |
|---|---|---|
| 2026 | +6.10% | +5.63% |
| 2025 | +4.65% | -16.91% |
| 2024 | +245.78% | -9.54% |
| 2023 | +45.42% | +50.79% |
| 2022 | -68.32% | -27.25% |
| 2021 | -19.34% | -28.69% |
NN vs RNW Drawdown Comparison
The maximum drawdown for NN was -86.54%, occurring on Mar 23, 2023. Recovery took 756 trading sessions.
The maximum drawdown for RNW was -64.92%, occurring on Mar 1, 2023. This drawdown has not yet recovered.
The current NN drawdown is -27.05%. The current RNW drawdown is -48.55%.
| Rank | NN | RNW |
|---|---|---|
| #1 | -86.54% Nov 1, 2021 - Nov 4, 2024 | -64.92% Feb 5, 2021 - Mar 1, 2023 |
| #2 | -47.78% Dec 16, 2024 - Mar 18, 2026 | -0.18% Feb 2, 2021 - Feb 4, 2021 |
| #3 | -29.97% Jun 4, 2026 - Jun 22, 2026 | N/A |
| #4 | -26.85% Apr 20, 2026 - Jun 4, 2026 | N/A |
| #5 | -24.64% Mar 25, 2026 - Apr 16, 2026 | N/A |
| #6 | -9.90% Nov 11, 2024 - Nov 18, 2024 | N/A |
| #7 | -6.04% Nov 29, 2024 - Dec 16, 2024 | N/A |
| #8 | -5.31% Nov 19, 2024 - Nov 27, 2024 | N/A |
| #9 | -3.18% Mar 19, 2026 - Mar 23, 2026 | N/A |
| #10 | -0.86% Mar 23, 2026 - Mar 25, 2026 | N/A |
| #11 | -0.08% Nov 4, 2024 - Nov 6, 2024 | N/A |
Correlation
Correlation between NN and RNW is 0.13 which considered as a very weak or no correlation - the stocks move independently of each other.
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