NXL vs SPY
Comparison between Nexalin Technology Inc (NXL, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
NXL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
NXL
$9.45M
Winner
SPY
$784B
Expense Ratio
NXL
N/A
SPY
0.09%
Max Drawdown
NXL
92.64%
Winner
SPY
56.47%
Sharpe Ratio
NXL
-0.20
Winner
SPY
1.52
5Y Beta
NXL
1.72
Winner
SPY
1.00
Industry
NXL
Medical Devices
SPY
N/A
P/E Ratio
Winner
NXL
-1.04
SPY
27.91
Forward P/E
NXL
N/A
SPY
21.88
5Y Dividends CAGR
NXL
N/A
SPY
5.43%
5Y EPS CAGR
NXL
N/A
SPY
25.11%
Debt to Equity
Winner
NXL
0.00%
SPY
30.63%
Free Cash Flow Yield
NXL
-55.51%
SPY
N/A
P/S Ratio
NXL
35.88
Winner
SPY
3.64
P/B Ratio
Winner
NXL
3.38
SPY
5.49
NXL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NXL
+21.11%
SPY
+0.31%
3M
NXL
-3.91%
Winner
SPY
+10.77%
6M
NXL
-50.88%
Winner
SPY
+10.99%
1Y
NXL
-64.91%
Winner
SPY
+25.43%
5Y(CAGR)
NXL
N/A
SPY
+13.47%
10Y(CAGR)
NXL
N/A
SPY
+15.45%
Max(CAGR)
NXL
-37.20%
Winner
SPY
+8.48%
NXL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NXL | SPY |
|---|---|---|
| 2026 | -32.54% | +8.76% |
| 2025 | -82.62% | +18.00% |
| 2024 | +592.95% | +25.59% |
| 2023 | -48.43% | +26.72% |
| 2022 | -66.71% | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NXL vs SPY Drawdown Comparison
The maximum drawdown for NXL was -92.64%, occurring on May 19, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NXL drawdown is -90.99%. The current SPY drawdown is -2.45%.
| Rank | NXL | SPY |
|---|---|---|
| #1 | -92.64% Dec 6, 2024 - May 19, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -88.07% Dec 1, 2022 - Apr 2, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -78.95% Jun 27, 2024 - Nov 1, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -78.63% Apr 2, 2024 - Jun 27, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -52.00% Sep 16, 2022 - Nov 25, 2022 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.24% Nov 1, 2024 - Nov 7, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -12.11% Nov 8, 2024 - Nov 13, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.95% Nov 15, 2024 - Nov 27, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.86% Nov 27, 2024 - Dec 3, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.71% Dec 3, 2024 - Dec 6, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.49% Nov 25, 2022 - Nov 30, 2022 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NXL and SPY is 0.05 which considered as a very weak or no correlation - the stocks move independently of each other.
0.05
-101
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