NXT vs SPY
Comparison between Nextracker Inc - Class A (NXT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
NXT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
NXT
$19B
Winner
SPY
$652B
Expense Ratio
NXT
N/A
SPY
0.09%
Max Drawdown
Winner
NXT
48.61%
SPY
56.47%
Sharpe Ratio
NXT
1.96
Winner
SPY
2.07
5Y Beta
NXT
1.06
Winner
SPY
1.00
Industry
NXT
Solar
SPY
N/A
P/E Ratio
NXT
33.68
Winner
SPY
28.24
Forward P/E
NXT
24.57
Winner
SPY
21.85
PEG Ratio
NXT
1.28
SPY
N/A
5Y Dividends CAGR
NXT
N/A
SPY
5.43%
5Y EPS CAGR
NXT
N/A
SPY
25.79%
Debt to Equity
Winner
NXT
0.00%
SPY
22.35%
Free Cash Flow Yield
NXT
3.14%
SPY
N/A
P/S Ratio
NXT
5.26
Winner
SPY
3.55
P/B Ratio
NXT
8.07
Winner
SPY
5.29
NXT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
NXT
+8.16%
Winner
SPY
+9.11%
3M
NXT
+3.32%
Winner
SPY
+6.59%
6M
Winner
NXT
+20.34%
SPY
+10.56%
1Y
Winner
NXT
+182.31%
SPY
+32.04%
5Y(CAGR)
NXT
N/A
SPY
+13.35%
10Y(CAGR)
NXT
N/A
SPY
+15.49%
Max(CAGR)
Winner
NXT
+54.93%
SPY
+8.50%
NXT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NXT | SPY |
|---|---|---|
| 2026 | +35.71% | +8.27% |
| 2025 | +120.53% | +18.00% |
| 2024 | -22.96% | +25.59% |
| 2023 | +53.81% | +26.72% |
| 2022 | N/A | -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% |
NXT vs SPY Drawdown Comparison
The maximum drawdown for NXT was -48.61%, occurring on Oct 24, 2024. Recovery took 313 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NXT drawdown is -3.46%.
| Rank | NXT | SPY |
|---|---|---|
| #1 | -48.61% Feb 14, 2024 - May 15, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.21% Jul 27, 2023 - Dec 14, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -23.27% Nov 5, 2025 - Jan 28, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -19.04% Jul 7, 2025 - Aug 18, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.74% Feb 18, 2026 - Mar 24, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.35% Mar 25, 2026 - Apr 20, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.15% Mar 31, 2023 - May 12, 2023 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -16.59% Dec 21, 2023 - Feb 1, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.91% Mar 7, 2023 - Mar 30, 2023 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.82% Jun 15, 2023 - Jul 27, 2023 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.72% May 15, 2025 - Jul 3, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.48% Feb 15, 2023 - Mar 3, 2023 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.26% Sep 5, 2025 - Sep 18, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.97% May 15, 2023 - Jun 2, 2023 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.51% Oct 15, 2025 - Oct 24, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NXT and SPY is 0.80 which considered as a strong positive correlation - the stocks tend to move together.
0.80
-101
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