NET vs. GHC
NET (Cloudflare, Inc.) and GHC (Graham Holdings Company) are both stocks. NET operates in Software - Infrastructure (Technology), while GHC operates in Education & Training Services (Consumer Defensive). Over the past 5 years, NET returned 19.44%/yr vs 13.38%/yr for GHC. At a 0.17 correlation, their price movements are largely independent.
Performance
NET vs. GHC - Performance Comparison
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Returns By Period
In the year-to-date period, NET achieves a 15.89% return, which is significantly higher than GHC's 7.23% return.
NET
- 1D
- 0.46%
- 1M
- 15.65%
- YTD
- 15.89%
- 6M
- 12.86%
- 1Y
- 32.86%
- 3Y*
- 48.96%
- 5Y*
- 19.44%
- 10Y*
- —
GHC
- 1D
- 1.55%
- 1M
- 7.43%
- YTD
- 7.23%
- 6M
- 5.38%
- 1Y
- 25.98%
- 3Y*
- 28.02%
- 5Y*
- 13.38%
- 10Y*
- 10.04%
NET vs. GHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NET Cloudflare, Inc. | 15.89% | 83.09% | 29.33% | 84.16% | -65.62% | 73.05% | 345.43% | -5.22% |
GHC Graham Holdings Company | 7.23% | 26.98% | 26.32% | 16.56% | -3.02% | 19.25% | -15.32% | -8.15% |
Correlation
The correlation between NET and GHC is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.17 |
The correlation between NET and GHC shifts across timeframes, from 0.02 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NET:
$80.57B
GHC:
$7.77M
NET:
-$0.25
GHC:
$90.63
NET:
34.18
GHC:
1.03
NET:
52.77
GHC:
0.00
NET:
$2.33B
GHC:
$3.75B
NET:
$1.71B
GHC:
$1.10B
NET:
$168.53M
GHC:
$722.08M
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Return for Risk
NET vs. GHC — Risk / Return Rank
NET
GHC
NET vs. GHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cloudflare, Inc. (NET) and Graham Holdings Company (GHC). 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.
| NET | GHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.25 | -0.33 |
| Martin ratioReturn relative to average drawdown | 1.98 | 3.29 | -1.31 |
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Drawdowns
NET vs. GHC - Drawdown Comparison
The maximum NET drawdown since its inception was -82.58%, which is greater than GHC's maximum drawdown of -67.54%. Use the drawdown chart below to compare losses from any high point for NET and GHC.
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Drawdown Indicators
| NET | GHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.58% | -67.54% | -15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -36.76% | -19.78% | -16.98% |
Max Drawdown (3Y)Largest decline over 3 years | -45.00% | -19.78% | -25.22% |
Max Drawdown (5Y)Largest decline over 5 years | -82.58% | -20.52% | -62.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.55% | — |
Current DrawdownCurrent decline from peak | -16.20% | -1.32% | -14.88% |
Average DrawdownAverage peak-to-trough decline | -37.52% | -19.30% | -18.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.09% | 7.51% | +9.58% |
Volatility
NET vs. GHC - Volatility Comparison
Cloudflare, Inc. (NET) has a higher volatility of 20.99% compared to Graham Holdings Company (GHC) at 5.31%. This indicates that NET's price experiences larger fluctuations and is considered to be riskier than GHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NET | GHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.99% | 5.31% | +15.68% |
Volatility (6M)Calculated over the trailing 6-month period | 53.96% | 15.88% | +38.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.18% | 26.54% | +33.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.52% | 26.03% | +42.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.78% | 28.28% | +39.50% |
Dividends
NET vs. GHC - Dividend Comparison
NET has not paid dividends to shareholders, while GHC's dividend yield for the trailing twelve months is around 0.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHC Graham Holdings Company | 0.63% | 0.66% | 0.79% | 0.95% | 1.05% | 0.96% | 1.09% | 0.87% | 0.83% | 0.91% | 0.95% | 89.61% |
NET Cloudflare, 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
NET vs. GHC - Financials Comparison
This section allows you to compare key financial metrics between Cloudflare, Inc. and Graham Holdings Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NET and GHC have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NET has higher volatility (20.99%) compared to GHC (5.31%). In terms of maximum drawdown, NET dropped -82.58% vs GHC's -67.54%.
GHC currently has the higher Sharpe Ratio (0.93 vs 0.57), 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.
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