HYG vs. NTNX
HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index, while NTNX (Nutanix, Inc.) is a stock. Over the past 5 years, HYG returned 3.83%/yr vs 5.59%/yr for NTNX. At a 0.39 correlation, their price movements are largely independent.
Performance
HYG vs. NTNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYG achieves a 1.78% return, which is significantly higher than NTNX's -4.43% return.
HYG
- 1D
- 0.13%
- 1M
- 1.25%
- YTD
- 1.78%
- 6M
- 2.29%
- 1Y
- 6.95%
- 3Y*
- 8.47%
- 5Y*
- 3.83%
- 10Y*
- 5.03%
NTNX
- 1D
- 0.18%
- 1M
- 6.60%
- YTD
- -4.43%
- 6M
- 3.43%
- 1Y
- -31.51%
- 3Y*
- 19.17%
- 5Y*
- 5.59%
- 10Y*
- —
HYG vs. NTNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.78% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
NTNX Nutanix, Inc. | -4.43% | -15.51% | 28.29% | 83.07% | -18.24% | -0.03% | 1.95% | -24.84% | 17.89% | 32.83% |
Correlation
The correlation between HYG and NTNX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2016 | 0.39 |
Over the past year, the correlation between HYG and NTNX has dropped to 0.18 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYG vs. NTNX — Risk / Return Rank
HYG
NTNX
HYG vs. NTNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 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.
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.
| HYG | NTNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.90 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | -0.55 | +3.53 |
| Martin ratioReturn relative to average drawdown | 13.11 | -0.91 | +14.02 |
Loading charts...
Drawdowns
HYG vs. NTNX - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.25%, smaller than the maximum NTNX drawdown of -80.40%. Use the drawdown chart below to compare losses from any high point for HYG and NTNX.
Loading charts...
Drawdown Indicators
| HYG | NTNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -80.40% | +46.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -57.58% | +55.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -58.58% | +54.02% |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | -68.71% | +52.92% |
Max Drawdown (10Y)Largest decline over 10 years | -22.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -40.53% | +40.53% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -40.57% | +37.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 34.61% | -34.08% |
Volatility
HYG vs. NTNX - Volatility Comparison
The current volatility for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is 1.31%, while Nutanix, Inc. (NTNX) has a volatility of 16.57%. This indicates that HYG 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.
Loading charts...
Volatility by Period
| HYG | NTNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 16.57% | -15.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 35.90% | -32.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 46.19% | -42.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 49.64% | -42.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.29% | 58.50% | -50.21% |
Dividends
HYG vs. NTNX - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.89%, while NTNX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
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% |
Frequently Asked Questions
HYG and NTNX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTNX has higher volatility (16.57%) compared to HYG (1.31%). In terms of maximum drawdown, HYG dropped -34.25% vs NTNX's -80.40%.
HYG currently has the higher Sharpe Ratio (1.81 vs -0.69), 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.
Find the right allocation for HYG and NTNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer