NTNX vs. NOW
NTNX (Nutanix, Inc.) and NOW (ServiceNow, Inc) are both stocks. Both are in the Technology sector — NTNX in Software - Infrastructure, NOW in Software - Application. Over the past 5 years, NTNX returned 7.13%/yr vs 0.51%/yr for NOW. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
NTNX vs. NOW - Performance Comparison
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Returns By Period
In the year-to-date period, NTNX achieves a -4.60% return, which is significantly higher than NOW's -33.32% return.
NTNX
- 1D
- 0.20%
- 1M
- 10.81%
- YTD
- -4.60%
- 6M
- 3.64%
- 1Y
- -33.00%
- 3Y*
- 18.19%
- 5Y*
- 7.13%
- 10Y*
- —
NOW
- 1D
- -0.90%
- 1M
- 17.35%
- YTD
- -33.32%
- 6M
- -40.96%
- 1Y
- -49.30%
- 3Y*
- -2.72%
- 5Y*
- 0.51%
- 10Y*
- 21.48%
NTNX vs. NOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTNX Nutanix, Inc. | -4.60% | -15.51% | 28.29% | 83.07% | -18.24% | -0.03% | 1.95% | -24.84% | 17.89% | 32.83% |
NOW ServiceNow, Inc | -33.32% | -27.75% | 50.05% | 81.96% | -40.18% | 17.93% | 94.97% | 58.56% | 36.55% | 75.40% |
Correlation
The correlation between NTNX and NOW is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2016 | 0.51 |
The correlation between NTNX and NOW has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.
Fundamentals
NTNX:
$14.40B
NOW:
$106.24B
NTNX:
$0.93
NOW:
$1.68
NTNX:
52.74
NOW:
60.81
NTNX:
5.29
NOW:
7.65
NTNX:
$2.75B
NOW:
$13.96B
NTNX:
$2.39B
NOW:
$10.69B
NTNX:
$293.53M
NOW:
$2.80B
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Return for Risk
NTNX vs. NOW — Risk / Return Rank
NTNX
NOW
NTNX vs. NOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nutanix, Inc. (NTNX) and ServiceNow, Inc (NOW). 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 | NOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.82 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.82 | +0.25 |
| Martin ratioReturn relative to average drawdown | -0.96 | -1.45 | +0.49 |
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Drawdowns
NTNX vs. NOW - Drawdown Comparison
The maximum NTNX drawdown since its inception was -80.40%, which is greater than NOW's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for NTNX and NOW.
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Drawdown Indicators
| NTNX | NOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.40% | -64.54% | -15.86% |
Max Drawdown (1Y)Largest decline over 1 year | -57.58% | -60.28% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -58.58% | -64.54% | +5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -68.71% | -64.54% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.54% | — |
Current DrawdownCurrent decline from peak | -40.64% | -56.36% | +15.72% |
Average DrawdownAverage peak-to-trough decline | -40.57% | -13.78% | -26.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.53% | 34.02% | +0.51% |
Volatility
NTNX vs. NOW - Volatility Comparison
The current volatility for Nutanix, Inc. (NTNX) is 16.68%, while ServiceNow, Inc (NOW) has a volatility of 25.56%. This indicates that NTNX experiences smaller price fluctuations and is considered to be less risky than NOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTNX | NOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 25.56% | -8.88% |
Volatility (6M)Calculated over the trailing 6-month period | 35.92% | 47.01% | -11.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 50.12% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.73% | 43.44% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.51% | 40.86% | +17.65% |
Dividends
NTNX vs. NOW - Dividend Comparison
Neither NTNX nor NOW has paid dividends to shareholders.
Financials
NTNX vs. NOW - Financials Comparison
This section allows you to compare key financial metrics between Nutanix, Inc. and ServiceNow, Inc. 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. NOW - 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%.
NOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a gross profit of 2.83B and revenue of 3.77B. Therefore, the gross margin over that period was 75.1%.
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%.
NOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported an operating income of 503.00M and revenue of 3.77B, resulting in an operating margin of 13.3%.
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%.
NOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a net income of 469.00M and revenue of 3.77B, resulting in a net margin of 12.4%.
Frequently Asked Questions
NTNX and NOW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOW has higher volatility (25.56%) compared to NTNX (16.68%). In terms of maximum drawdown, NTNX dropped -80.40% vs NOW's -64.54%.
NTNX currently has the higher Sharpe Ratio (-0.72 vs -0.99), 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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