NRIX vs. XBI

Last updated Jun 24, 2026

NRIX (Nurix Therapeutics, Inc.) is a stock, while XBI (SPDR S&P Biotech ETF) is Health & Biotech Equities fund tracking the S&P Biotechnology Select Industry Index. Over the past 5 years, NRIX returned -8.61%/yr vs 1.51%/yr for XBI. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

NRIX vs. XBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nurix Therapeutics, Inc. (NRIX) and SPDR S&P Biotech ETF (XBI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRIX achieves a -0.58% return, which is significantly lower than XBI's 20.70% return.

NRIX

• 1D: 1.13%
• 1M: 7.77%
• YTD: -0.58%
• 6M: -2.23%
• 1Y: 57.43%
• 3Y*: 23.51%
• 5Y*: -8.61%
• 10Y*: —

XBI

• 1D: 0.80%
• 1M: 11.78%
• YTD: 20.70%
• 6M: 17.84%
• 1Y: 79.53%
• 3Y*: 20.24%
• 5Y*: 1.51%
• 10Y*: 11.14%

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

NRIX vs. XBI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NRIX Nurix Therapeutics, Inc.	-0.58%	0.69%	82.56%	-6.01%	-62.07%	-11.95%	82.06%
XBI SPDR S&P Biotech ETF	20.70%	35.89%	1.01%	7.60%	-25.87%	-20.45%	22.74%

Correlation

The correlation between NRIX and XBI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020	0.61

The correlation between NRIX and XBI has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Return for Risk

NRIX vs. XBI — Risk / Return Rank

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

NRIX

NRIX Risk / Return Rank: 69
NRIX Sharpe Ratio Rank: 71
NRIX Sortino Ratio Rank: 72
NRIX Omega Ratio Rank: 67
NRIX Calmar Ratio Rank: 70
NRIX Martin Ratio Rank: 66

XBI

XBI Risk / Return Rank: 90
XBI Sharpe Ratio Rank: 91
XBI Sortino Ratio Rank: 89
XBI Omega Ratio Rank: 82
XBI Calmar Ratio Rank: 96
XBI Martin Ratio Rank: 94

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.

NRIX vs. XBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nurix Therapeutics, Inc. (NRIX) and SPDR S&P Biotech ETF (XBI). 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.

	NRIX	XBI	Difference
Sharpe ratio: Return per unit of total volatility	0.94	3.02	-2.08
Sortino ratio: Return per unit of downside risk	1.76	3.89	-2.12
Omega ratio: Gain probability vs. loss probability	1.20	1.47	-0.27
Calmar ratio: Return relative to maximum drawdown	1.54	8.22	-6.68
Martin ratio: Return relative to average drawdown	2.70	24.30	-21.59

NRIX vs. XBI - Sharpe Ratio Comparison

The current NRIX Sharpe Ratio is 0.94, which is lower than the XBI Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of NRIX and XBI, 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

NRIX vs. XBI - Drawdown Comparison

The maximum NRIX drawdown since its inception was -91.53%, which is greater than XBI's maximum drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for NRIX and XBI.

Drawdown Indicators

	NRIX	XBI	Difference
Max Drawdown Largest peak-to-trough decline	-91.53%	-63.89%	-27.64%
Max Drawdown (1Y) Largest decline over 1 year	-37.48%	-9.72%	-27.76%
Max Drawdown (3Y) Largest decline over 3 years	-70.72%	-32.99%	-37.73%
Max Drawdown (5Y) Largest decline over 5 years	-88.42%	-54.71%	-33.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.89%	—
Current Drawdown Current decline from peak	-62.41%	-14.94%	-47.47%
Average Drawdown Average peak-to-trough decline	-61.58%	-20.93%	-40.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.31%	3.28%	+18.03%

Volatility

NRIX vs. XBI - Volatility Comparison

Nurix Therapeutics, Inc. (NRIX) has a higher volatility of 17.56% compared to SPDR S&P Biotech ETF (XBI) at 9.96%. This indicates that NRIX's price experiences larger fluctuations and is considered to be riskier than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRIX	XBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.56%	9.96%	+7.60%
Volatility (6M) Calculated over the trailing 6-month period	35.51%	21.31%	+14.20%
Volatility (1Y) Calculated over the trailing 1-year period	61.70%	26.47%	+35.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.24%	32.30%	+40.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.86%	32.01%	+47.85%

Dividends

NRIX vs. XBI - Dividend Comparison

NRIX has not paid dividends to shareholders, while XBI's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NRIX Nurix Therapeutics, 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%
XBI SPDR S&P Biotech ETF	0.39%	0.37%	0.15%	0.02%	0.00%	0.04%	0.20%	0.00%	0.28%	0.24%	0.26%	0.61%

Frequently Asked Questions

Can I hold both NRIX and XBI in my portfolio?

NRIX and XBI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRIX or XBI?

NRIX has higher volatility (17.56%) compared to XBI (9.96%). In terms of maximum drawdown, NRIX dropped -91.53% vs XBI's -63.89%.

Which has better risk-adjusted returns?

XBI currently has the higher Sharpe Ratio (3.02 vs 0.94), 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.