CMI vs. NTNX

Last updated Jun 9, 2026

CMI (Cummins Inc.) and NTNX (Nutanix, Inc.) are both stocks. CMI operates in Specialty Industrial Machinery (Industrials), while NTNX operates in Software - Infrastructure (Technology). Over the past 5 years, CMI returned 24.12%/yr vs 8.43%/yr for NTNX. At a 0.23 correlation, their price movements are largely independent.

Performance

CMI vs. NTNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cummins Inc. (CMI) and Nutanix, Inc. (NTNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMI achieves a 32.64% return, which is significantly higher than NTNX's 0.31% return.

CMI

• 1D: 3.30%
• 1M: -0.70%
• YTD: 32.64%
• 6M: 33.36%
• 1Y: 109.28%
• 3Y*: 46.82%
• 5Y*: 24.12%
• 10Y*: 22.34%

NTNX

• 1D: -3.34%
• 1M: 12.72%
• YTD: 0.31%
• 6M: 9.41%
• 1Y: -32.76%
• 3Y*: 20.30%
• 5Y*: 8.43%
• 10Y*: —

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

CMI vs. NTNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMI Cummins Inc.	32.64%	49.36%	48.92%	1.72%	14.09%	-1.68%	30.50%	38.04%	-22.06%	32.74%
NTNX Nutanix, Inc.	0.31%	-15.51%	28.29%	83.07%	-18.24%	-0.03%	1.95%	-24.84%	17.89%	32.83%

Correlation

The correlation between CMI and NTNX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 3, 2016	0.23

The correlation between CMI and NTNX shifts across timeframes, from -0.01 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CMI : $93.37B NTNX : $15.14B
EPS CMI : $19.27 NTNX : $0.93
PE Ratio CMI : 34.90 NTNX : 55.46
PS Ratio CMI : 2.75 NTNX : 5.56
Total Revenue (TTM) CMI : $33.89B NTNX : $2.75B
Gross Profit (TTM) CMI : $8.60B NTNX : $2.39B
EBITDA (TTM) CMI : $4.87B NTNX : $293.53M

Return for Risk

CMI vs. NTNX — Risk / Return Rank

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

CMI

CMI Risk / Return Rank: 96
CMI Sharpe Ratio Rank: 96
CMI Sortino Ratio Rank: 94
CMI Omega Ratio Rank: 94
CMI Calmar Ratio Rank: 96
CMI Martin Ratio Rank: 97

NTNX

NTNX Risk / Return Rank: 17
NTNX Sharpe Ratio Rank: 12
NTNX Sortino Ratio Rank: 14
NTNX Omega Ratio Rank: 15
NTNX Calmar Ratio Rank: 22
NTNX Martin Ratio Rank: 23

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.

CMI vs. NTNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) and Nutanix, Inc. (NTNX). 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.

	CMI	NTNX	Difference
Sharpe ratio: Return per unit of total volatility	3.33	-0.71	+4.05
Sortino ratio: Return per unit of downside risk	3.82	-0.82	+4.64
Omega ratio: Gain probability vs. loss probability	1.52	0.89	+0.63
Calmar ratio: Return relative to maximum drawdown	7.22	-0.57	+7.79
Martin ratio: Return relative to average drawdown	26.31	-0.96	+27.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMI vs. NTNX - Sharpe Ratio Comparison

The current CMI Sharpe Ratio is 3.33, which is higher than the NTNX Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of CMI and NTNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CMI	NTNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	-0.71	+4.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.17	+0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.06	+0.32

Drawdowns

CMI vs. NTNX - Drawdown Comparison

The maximum CMI drawdown since its inception was -75.66%, smaller than the maximum NTNX drawdown of -80.40%. Use the drawdown chart below to compare losses from any high point for CMI and NTNX.

Drawdown Indicators

	CMI	NTNX	Difference
Max Drawdown Largest peak-to-trough decline	-75.66%	-80.40%	+4.74%
Max Drawdown (1Y) Largest decline over 1 year	-15.23%	-57.58%	+42.35%
Max Drawdown (3Y) Largest decline over 3 years	-30.48%	-58.58%	+28.10%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-68.71%	+38.23%
Max Drawdown (10Y) Largest decline over 10 years	-44.05%	—	—
Current Drawdown Current decline from peak	-5.81%	-37.58%	+31.77%
Average Drawdown Average peak-to-trough decline	-22.23%	-40.58%	+18.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	34.20%	-30.03%

Volatility

CMI vs. NTNX - Volatility Comparison

The current volatility for Cummins Inc. (CMI) is 12.18%, while Nutanix, Inc. (NTNX) has a volatility of 16.50%. This indicates that CMI experiences smaller price fluctuations and is considered to be less risky than NTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMI	NTNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.18%	16.50%	-4.32%
Volatility (6M) Calculated over the trailing 6-month period	27.86%	35.80%	-7.94%
Volatility (1Y) Calculated over the trailing 1-year period	33.02%	46.19%	-13.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.05%	49.73%	-21.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.26%	57.17%	-28.91%

Dividends

CMI vs. NTNX - Dividend Comparison

CMI's dividend yield for the trailing twelve months is around 1.19%, while NTNX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMI Cummins Inc.	1.19%	1.50%	2.01%	2.71%	2.49%	2.57%	2.33%	2.74%	3.32%	2.38%	2.93%	3.99%
NTNX Nutanix, Inc.	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

CMI vs. NTNX - Profitability Comparison

The chart below illustrates the profitability comparison between Cummins Inc. and Nutanix, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CMI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported a gross profit of 2.24B and revenue of 8.40B. Therefore, the gross margin over that period was 26.7%.

NTNX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nutanix, Inc. reported a gross profit of 610.68M and revenue of 703.07M. Therefore, the gross margin over that period was 86.9%.

CMI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported an operating income of 949.00M and revenue of 8.40B, resulting in an operating margin of 11.3%.

NTNX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nutanix, Inc. reported an operating income of 68.56M and revenue of 703.07M, resulting in an operating margin of 9.8%.

CMI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported a net income of 654.00M and revenue of 8.40B, resulting in a net margin of 7.8%.

NTNX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nutanix, Inc. reported a net income of 72.09M and revenue of 703.07M, resulting in a net margin of 10.3%.

Frequently Asked Questions

Can I hold both CMI and NTNX in my portfolio?

CMI and NTNX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMI or NTNX?

NTNX has higher volatility (16.50%) compared to CMI (12.18%). In terms of maximum drawdown, CMI dropped -75.66% vs NTNX's -80.40%.

Which has better risk-adjusted returns?

CMI currently has the higher Sharpe Ratio (3.33 vs -0.71), 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.