ADTN vs. NBIS

Last updated Jun 13, 2026

ADTN (ADTRAN, Inc.) and NBIS (Nebius Group N.V.) are both stocks. ADTN operates in Communication Equipment (Technology), while NBIS operates in Internet Content & Information (Communication Services). Over the past year, ADTN returned 103.47% vs 393.02% for NBIS. At a 0.33 correlation, their price movements are largely independent.

Performance

ADTN vs. NBIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ADTRAN, Inc. (ADTN) and Nebius Group N.V. (NBIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADTN achieves a 75.60% return, which is significantly lower than NBIS's 177.59% return.

ADTN

• 1D: 0.39%
• 1M: -0.13%
• YTD: 75.60%
• 6M: 83.63%
• 1Y: 103.47%
• 3Y*: 14.24%
• 5Y*: -5.52%
• 10Y*: -0.15%

NBIS

• 1D: 4.55%
• 1M: 5.07%
• YTD: 177.59%
• 6M: 164.98%
• 1Y: 393.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADTN vs. NBIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ADTN ADTRAN, Inc.	75.60%	4.32%	32.01%
NBIS Nebius Group N.V.	177.59%	202.18%	46.25%

Correlation

The correlation between ADTN and NBIS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 18, 2024	0.33

Fundamentals

Market Cap ADTN : $1.23B NBIS : $71.79B
EPS ADTN : -$0.37 NBIS : $3.17
PS Ratio ADTN : 1.09 NBIS : 69.73
PB Ratio ADTN : 8.91 NBIS : 9.91
Total Revenue (TTM) ADTN : $1.12B NBIS : $877.90M
Gross Profit (TTM) ADTN : $432.77M NBIS : $420.60M
EBITDA (TTM) ADTN : $56.05M NBIS : -$52.78M

Return for Risk

ADTN vs. NBIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADTN

ADTN Risk / Return Rank: 81
ADTN Sharpe Ratio Rank: 82
ADTN Sortino Ratio Rank: 74
ADTN Omega Ratio Rank: 80
ADTN Calmar Ratio Rank: 84
ADTN Martin Ratio Rank: 83

NBIS

NBIS Risk / Return Rank: 95
NBIS Sharpe Ratio Rank: 97
NBIS Sortino Ratio Rank: 95
NBIS Omega Ratio Rank: 91
NBIS Calmar Ratio Rank: 97
NBIS Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADTN vs. NBIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ADTRAN, Inc. (ADTN) and Nebius Group N.V. (NBIS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADTN	NBIS	Difference
Sharpe ratio: Return per unit of total volatility	1.44	3.50	-2.06
Sortino ratio: Return per unit of downside risk	1.84	3.75	-1.90
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	3.02	8.03	-5.01
Martin ratio: Return relative to average drawdown	7.37	18.34	-10.97

ADTN vs. NBIS - Sharpe Ratio Comparison

The current ADTN Sharpe Ratio is 1.44, which is lower than the NBIS Sharpe Ratio of 3.50. The chart below compares the historical Sharpe Ratios of ADTN and NBIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADTN vs. NBIS - Drawdown Comparison

The maximum ADTN drawdown since its inception was -87.92%, which is greater than NBIS's maximum drawdown of -58.27%. Use the drawdown chart below to compare losses from any high point for ADTN and NBIS.

Drawdown Indicators

	ADTN	NBIS	Difference
Max Drawdown Largest peak-to-trough decline	-87.92%	-58.27%	-29.65%
Max Drawdown (1Y) Largest decline over 1 year	-31.67%	-45.47%	+13.80%
Max Drawdown (3Y) Largest decline over 3 years	-59.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-81.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.99%	—	—
Current Drawdown Current decline from peak	-57.91%	-12.15%	-45.76%
Average Drawdown Average peak-to-trough decline	-47.91%	-18.94%	-28.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.95%	19.86%	-6.91%

Volatility

ADTN vs. NBIS - Volatility Comparison

ADTRAN, Inc. (ADTN) and Nebius Group N.V. (NBIS) have volatilities of 31.43% and 30.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADTN	NBIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.43%	30.23%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	48.35%	71.43%	-23.08%
Volatility (1Y) Calculated over the trailing 1-year period	66.44%	104.41%	-37.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.39%	110.20%	-54.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.49%	110.20%	-59.71%

Dividends

ADTN vs. NBIS - Dividend Comparison

Neither ADTN nor NBIS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADTN ADTRAN, Inc.	0.00%	0.00%	0.00%	3.68%	1.92%	1.58%	2.44%	3.64%	3.35%	1.86%	1.61%	2.09%
NBIS Nebius Group N.V.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ADTN and NBIS in my portfolio?

ADTN and NBIS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADTN or NBIS?

ADTN has higher volatility (31.43%) compared to NBIS (30.23%). In terms of maximum drawdown, ADTN dropped -87.92% vs NBIS's -58.27%.

Which has better risk-adjusted returns?

NBIS currently has the higher Sharpe Ratio (3.50 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.