NTNX vs. HYG
NTNX (Nutanix, Inc.) is a stock, while HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Over the past 5 years, NTNX returned 10.43%/yr vs 3.81%/yr for HYG. At a 0.39 correlation, their price movements are largely independent.
Performance
NTNX vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, NTNX achieves a 6.35% return, which is significantly higher than HYG's 1.51% return.
NTNX
- 1D
- 3.64%
- 1M
- 26.57%
- YTD
- 6.35%
- 6M
- 16.68%
- 1Y
- -28.74%
- 3Y*
- 22.88%
- 5Y*
- 10.43%
- 10Y*
- —
HYG
- 1D
- 0.19%
- 1M
- 0.40%
- YTD
- 1.51%
- 6M
- 1.84%
- 1Y
- 6.51%
- 3Y*
- 8.57%
- 5Y*
- 3.81%
- 10Y*
- 4.91%
NTNX vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTNX Nutanix, Inc. | 6.35% | -15.51% | 28.29% | 83.07% | -18.24% | -0.03% | 1.95% | -24.84% | 17.89% | 32.83% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.51% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Correlation
The correlation between NTNX and HYG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2016 | 0.39 |
Over the past year, the correlation between NTNX and HYG has dropped to 0.17 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
NTNX vs. HYG — Risk / Return Rank
NTNX
HYG
NTNX vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nutanix, Inc. (NTNX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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 | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.33 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.79 | -3.29 |
| Martin ratioReturn relative to average drawdown | -0.84 | 12.34 | -13.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NTNX | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 1.72 | -2.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.51 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.46 | -0.38 |
Drawdowns
NTNX vs. HYG - Drawdown Comparison
The maximum NTNX drawdown since its inception was -80.40%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for NTNX and HYG.
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Drawdown Indicators
| NTNX | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.40% | -34.25% | -46.15% |
Max Drawdown (1Y)Largest decline over 1 year | -57.58% | -2.34% | -55.24% |
Max Drawdown (3Y)Largest decline over 3 years | -58.58% | -4.56% | -54.02% |
Max Drawdown (5Y)Largest decline over 5 years | -68.71% | -15.79% | -52.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -33.83% | -0.09% | -33.74% |
Average DrawdownAverage peak-to-trough decline | -40.59% | -3.24% | -37.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.13% | 0.53% | +33.60% |
Volatility
NTNX vs. HYG - Volatility Comparison
Nutanix, Inc. (NTNX) has a higher volatility of 16.60% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. This indicates that NTNX's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTNX | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.60% | 1.21% | +15.39% |
Volatility (6M)Calculated over the trailing 6-month period | 35.59% | 3.01% | +32.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.98% | 3.81% | +42.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 7.53% | +42.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.17% | 8.29% | +48.88% |
Dividends
NTNX vs. HYG - Dividend Comparison
NTNX has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 5.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.91% | 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
NTNX and HYG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTNX has higher volatility (16.60%) compared to HYG (1.21%). In terms of maximum drawdown, NTNX dropped -80.40% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.72 vs -0.63), 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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