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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
$784B
Expense Ratio
NXT
N/A
SPY
0.09%
Max Drawdown
Winner
NXT
48.61%
SPY
56.47%
Sharpe Ratio
NXT
1.39
Winner
SPY
1.54
5Y Beta
NXT
1.16
Winner
SPY
1.00
Industry
NXT
Solar
SPY
N/A
P/E Ratio
NXT
31.80
Winner
SPY
27.62
Forward P/E
NXT
27.70
Winner
SPY
21.11
PEG Ratio
NXT
1.20
SPY
N/A
5Y Dividends CAGR
NXT
N/A
SPY
6.00%
5Y EPS CAGR
NXT
N/A
SPY
25.30%
Debt to Equity
Winner
NXT
0.00%
SPY
31.11%
Free Cash Flow Yield
NXT
2.76%
SPY
N/A
P/S Ratio
NXT
5.38
Winner
SPY
3.49
P/B Ratio
NXT
8.10
Winner
SPY
5.30

NXT vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
NXT
-10.60%
Winner
SPY
-1.41%
3M
NXT
-6.56%
Winner
SPY
+12.54%
6M
Winner
NXT
+27.98%
SPY
+6.77%
1Y
Winner
NXT
+103.75%
SPY
+22.18%
5Y(CAGR)
NXT
N/A
SPY
+13.04%
10Y(CAGR)
NXT
N/A
SPY
+15.54%
Max(CAGR)
Winner
NXT
+48.95%
SPY
+8.44%

NXT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearNXTSPY
2026+25.75%+7.90%
2025+120.53%+18.00%
2024-22.96%+25.59%
2023+53.81%+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/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 -25.40%. The current SPY drawdown is -3.22%.

RankNXTSPY
#1-48.61%
Feb 14, 2024 - May 15, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-28.42%
May 29, 2026 - Jun 10, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-25.21%
Jul 27, 2023 - Dec 14, 2023		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-23.27%
Nov 5, 2025 - Jan 28, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-19.04%
Jul 7, 2025 - Aug 18, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-18.74%
Feb 18, 2026 - Mar 24, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-18.35%
Mar 25, 2026 - May 13, 2026		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-18.15%
Mar 31, 2023 - May 12, 2023		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-16.59%
Dec 21, 2023 - Feb 1, 2024		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-16.13%
May 15, 2026 - May 29, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-15.91%
Mar 7, 2023 - Mar 30, 2023		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-12.82%
Jun 15, 2023 - Jul 27, 2023		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-11.72%
May 15, 2025 - Jul 3, 2025		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-8.48%
Feb 15, 2023 - Mar 3, 2023		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-8.26%
Sep 5, 2025 - Sep 18, 2025		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between NXT and SPY is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81
-101

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