NTNX vs. SPRX
NTNX (Nutanix, Inc.) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, NTNX returned 20.30%/yr vs 44.05%/yr for SPRX. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
NTNX vs. SPRX - Performance Comparison
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Returns By Period
In the year-to-date period, NTNX achieves a 0.31% return, which is significantly lower than SPRX's 39.82% return.
NTNX
- 1D
- -3.34%
- 1M
- 12.72%
- YTD
- 0.31%
- 6M
- 9.41%
- 1Y
- -32.76%
- 3Y*
- 20.30%
- 5Y*
- 8.43%
- 10Y*
- —
SPRX
- 1D
- 4.65%
- 1M
- 17.24%
- YTD
- 39.82%
- 6M
- 30.97%
- 1Y
- 97.11%
- 3Y*
- 44.05%
- 5Y*
- —
- 10Y*
- —
NTNX vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTNX Nutanix, Inc. | 0.31% | -15.51% | 28.29% | 83.07% | -18.24% | -12.11% |
SPRX Spear Alpha ETF | 39.82% | 41.91% | 20.58% | 88.02% | -44.99% | 8.91% |
Correlation
The correlation between NTNX and SPRX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.54 |
Over the past year, the correlation between NTNX and SPRX has dropped to 0.20 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
NTNX vs. SPRX — Risk / Return Rank
NTNX
SPRX
NTNX vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nutanix, Inc. (NTNX) and Spear Alpha ETF (SPRX). 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 | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.34 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 4.03 | -4.60 |
| Martin ratioReturn relative to average drawdown | -0.96 | 12.67 | -13.63 |
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 | SPRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | 2.17 | -2.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.54 | -0.48 |
Drawdowns
NTNX vs. SPRX - Drawdown Comparison
The maximum NTNX drawdown since its inception was -80.40%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for NTNX and SPRX.
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Drawdown Indicators
| NTNX | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.40% | -51.21% | -29.19% |
Max Drawdown (1Y)Largest decline over 1 year | -57.58% | -24.21% | -33.37% |
Max Drawdown (3Y)Largest decline over 3 years | -58.58% | -42.12% | -16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -68.71% | — | — |
Current DrawdownCurrent decline from peak | -37.58% | -8.41% | -29.17% |
Average DrawdownAverage peak-to-trough decline | -40.58% | -17.62% | -22.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.20% | 7.69% | +26.51% |
Volatility
NTNX vs. SPRX - Volatility Comparison
The current volatility for Nutanix, Inc. (NTNX) is 16.50%, while Spear Alpha ETF (SPRX) has a volatility of 18.67%. This indicates that NTNX experiences smaller price fluctuations and is considered to be less risky than SPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTNX | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.50% | 18.67% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 35.80% | 37.41% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.19% | 45.02% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.73% | 42.01% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.17% | 42.01% | +15.16% |
Dividends
NTNX vs. SPRX - Dividend Comparison
Neither NTNX nor SPRX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NTNX Nutanix, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% |
Frequently Asked Questions
NTNX and SPRX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPRX has higher volatility (18.67%) compared to NTNX (16.50%). In terms of maximum drawdown, NTNX dropped -80.40% vs SPRX's -51.21%.
SPRX currently has the higher Sharpe Ratio (2.17 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.
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