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 10.47%/yr vs 3.73%/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 8.05% return, which is significantly higher than HYG's 1.94% return.
NTNX
- 1D
- 2.31%
- 1M
- 15.58%
- 6M
- 14.75%
- YTD
- 8.05%
- 1Y
- -24.07%
- 3Y*
- 24.22%
- 5Y*
- 10.47%
- 10Y*
- —
HYG
- 1D
- -0.01%
- 1M
- 0.17%
- 6M
- 1.43%
- YTD
- 1.94%
- 1Y
- 5.69%
- 3Y*
- 8.18%
- 5Y*
- 3.73%
- 10Y*
- 4.65%
NTNX vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTNX Nutanix, Inc. | 8.05% | -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 | 1.94% | 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 | 0.26 |
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 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.
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.
| NTNX | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.29 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.44 | -2.86 |
| Martin ratioReturn relative to average drawdown | -0.67 | 10.77 | -11.44 |
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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 | -32.77% | -0.09% | -32.68% |
Average DrawdownAverage peak-to-trough decline | -40.55% | -3.22% | -37.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.21% | 0.53% | +35.68% |
Volatility
NTNX vs. HYG - Volatility Comparison
Nutanix, Inc. (NTNX) has a higher volatility of 9.95% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.78%. 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 | 9.95% | 0.78% | +9.17% |
Volatility (6M)Calculated over the trailing 6-month period | 36.53% | 3.13% | +33.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.71% | 3.82% | +42.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.64% | 7.54% | +42.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.34% | 8.22% | +50.12% |
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 5.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 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 (9.95%) compared to HYG (0.78%). In terms of maximum drawdown, NTNX dropped -80.40% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.50 vs -0.52), 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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