NTNX vs. APLD
NTNX (Nutanix, Inc.) and APLD (Applied Digital Corporation) are both stocks. Both are in the Technology sector — NTNX in Software - Infrastructure, APLD in Information Technology Services. Over the past 5 years, NTNX returned 8.43%/yr vs 111.39%/yr for APLD. At a 0.08 correlation, their price movements are largely independent.
Performance
NTNX vs. APLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NTNX achieves a 0.31% return, which is significantly lower than APLD's 66.99% return.
NTNX
- 1D
- -3.34%
- 1M
- 12.72%
- YTD
- 0.31%
- 6M
- 9.41%
- 1Y
- -32.76%
- 3Y*
- 20.30%
- 5Y*
- 8.43%
- 10Y*
- —
APLD
- 1D
- 3.34%
- 1M
- -0.74%
- YTD
- 66.99%
- 6M
- 27.51%
- 1Y
- 195.42%
- 3Y*
- 72.37%
- 5Y*
- 111.39%
- 10Y*
- 120.60%
NTNX vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTNX Nutanix, Inc. | 0.31% | -15.51% | 28.29% | 83.07% | -18.24% | -0.03% | 1.95% | -24.84% | 17.89% | 32.83% |
APLD Applied Digital Corporation | 66.99% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
Correlation
The correlation between NTNX and APLD is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2016 | 0.08 |
The correlation between NTNX and APLD shifts across timeframes, from 0.04 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NTNX:
$15.14B
APLD:
$11.12B
NTNX:
$0.93
APLD:
-$0.72
NTNX:
5.56
APLD:
27.75
NTNX:
$2.75B
APLD:
$390.57M
NTNX:
$2.39B
APLD:
$124.93M
NTNX:
$293.53M
APLD:
-$154.66M
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
NTNX vs. APLD — Risk / Return Rank
NTNX
APLD
NTNX vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nutanix, Inc. (NTNX) and Applied Digital Corporation (APLD). 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.
| NTNX | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.91 | -4.48 |
| Martin ratioReturn relative to average drawdown | -0.96 | 9.14 | -10.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NTNX | APLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | 1.84 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.68 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.08 | -0.02 |
Drawdowns
NTNX vs. APLD - Drawdown Comparison
The maximum NTNX drawdown since its inception was -80.40%, smaller than the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for NTNX and APLD.
Loading charts...
Drawdown Indicators
| NTNX | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.40% | -99.70% | +19.30% |
Max Drawdown (1Y)Largest decline over 1 year | -57.58% | -50.31% | -7.27% |
Max Drawdown (3Y)Largest decline over 3 years | -58.58% | -76.66% | +18.08% |
Max Drawdown (5Y)Largest decline over 5 years | -68.71% | -82.61% | +13.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.80% | — |
Current DrawdownCurrent decline from peak | -37.58% | -17.53% | -20.05% |
Average DrawdownAverage peak-to-trough decline | -40.58% | -74.49% | +33.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.20% | 22.15% | +12.05% |
Volatility
NTNX vs. APLD - Volatility Comparison
The current volatility for Nutanix, Inc. (NTNX) is 16.50%, while Applied Digital Corporation (APLD) has a volatility of 32.64%. This indicates that NTNX experiences smaller price fluctuations and is considered to be less risky than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NTNX | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.50% | 32.64% | -16.14% |
Volatility (6M)Calculated over the trailing 6-month period | 35.80% | 80.09% | -44.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.19% | 107.26% | -61.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.73% | 165.20% | -115.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.17% | 301.59% | -244.42% |
Dividends
NTNX vs. APLD - Dividend Comparison
Neither NTNX nor APLD has paid dividends to shareholders.
Financials
NTNX vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Nutanix, Inc. and Applied Digital Corporation. 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
NTNX vs. APLD - Profitability Comparison
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%.
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a gross profit of 82.52M and revenue of 161.76M. Therefore, the gross margin over that period was 51.0%.
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%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.
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%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.
Frequently Asked Questions
NTNX and APLD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (32.64%) compared to NTNX (16.50%). In terms of maximum drawdown, NTNX dropped -80.40% vs APLD's -99.70%.
APLD currently has the higher Sharpe Ratio (1.84 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.
Find the right allocation for NTNX and APLD
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