NU vs. SPGI
NU (Nu Holdings Ltd.) and SPGI (S&P Global Inc.) are both stocks. Both are in the Financial Services sector — NU in Banks - Diversified, SPGI in Financial Data & Stock Exchanges. Over the past 3 years, NU returned 17.37%/yr vs 3.19%/yr for SPGI. At a 0.31 correlation, their price movements are largely independent.
Performance
NU vs. SPGI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NU achieves a -27.18% return, which is significantly lower than SPGI's -19.47% return.
NU
- 1D
- 0.83%
- 1M
- -4.91%
- YTD
- -27.18%
- 6M
- -27.87%
- 1Y
- 1.58%
- 3Y*
- 17.37%
- 5Y*
- —
- 10Y*
- —
SPGI
- 1D
- 1.35%
- 1M
- 3.28%
- YTD
- -19.47%
- 6M
- -16.00%
- 1Y
- -16.50%
- 3Y*
- 3.19%
- 5Y*
- 2.16%
- 10Y*
- 15.70%
NU vs. SPGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NU Nu Holdings Ltd. | -27.18% | 61.58% | 24.37% | 104.67% | -56.61% | -16.62% |
SPGI S&P Global Inc. | -19.47% | 5.71% | 13.94% | 32.79% | -28.38% | -0.23% |
Correlation
The correlation between NU and SPGI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.31 |
The correlation between NU and SPGI shifts across timeframes, from 0.14 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NU:
$59.86B
SPGI:
$124.67B
NU:
$0.65
SPGI:
$15.79
NU:
18.78
SPGI:
26.53
NU:
0.29
SPGI:
3.47
NU:
3.41
SPGI:
8.06
NU:
4.75
SPGI:
3.98
NU:
$17.54B
SPGI:
$15.73B
NU:
$7.67B
SPGI:
$8.15B
NU:
$4.14B
SPGI:
$7.83B
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
NU vs. SPGI — Risk / Return Rank
NU
SPGI
NU vs. SPGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nu Holdings Ltd. (NU) and S&P Global Inc. (SPGI). 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.
| NU | SPGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.91 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | -0.54 | +0.58 |
| Martin ratioReturn relative to average drawdown | 0.10 | -1.03 | +1.13 |
Loading charts...
Drawdowns
NU vs. SPGI - Drawdown Comparison
The maximum NU drawdown since its inception was -72.07%, roughly equal to the maximum SPGI drawdown of -74.67%. Use the drawdown chart below to compare losses from any high point for NU and SPGI.
Loading charts...
Drawdown Indicators
| NU | SPGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.07% | -74.67% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -38.17% | -30.48% | -7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -39.58% | -30.48% | -9.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.76% | — |
Current DrawdownCurrent decline from peak | -35.02% | -25.12% | -9.90% |
Average DrawdownAverage peak-to-trough decline | -29.77% | -15.23% | -14.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.36% | 16.07% | -0.71% |
Volatility
NU vs. SPGI - Volatility Comparison
Nu Holdings Ltd. (NU) has a higher volatility of 14.80% compared to S&P Global Inc. (SPGI) at 7.62%. This indicates that NU's price experiences larger fluctuations and is considered to be riskier than SPGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NU | SPGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.80% | 7.62% | +7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 28.91% | 24.13% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.77% | 27.63% | +11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.48% | 24.51% | +33.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.48% | 26.03% | +32.45% |
Dividends
NU vs. SPGI - Dividend Comparison
NU has not paid dividends to shareholders, while SPGI's dividend yield for the trailing twelve months is around 0.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NU Nu Holdings Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGI S&P Global Inc. | 0.92% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Financials
NU vs. SPGI - Financials Comparison
This section allows you to compare key financial metrics between Nu Holdings Ltd. and S&P Global 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
NU vs. SPGI - Profitability Comparison
NU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported a gross profit of 2.00B and revenue of 4.98B. Therefore, the gross margin over that period was 40.2%.
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
NU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported an operating income of 954.31M and revenue of 4.98B, resulting in an operating margin of 19.2%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
NU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported a net income of 872.06M and revenue of 4.98B, resulting in a net margin of 17.5%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
Frequently Asked Questions
NU and SPGI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NU has higher volatility (14.80%) compared to SPGI (7.62%). In terms of maximum drawdown, NU dropped -72.07% vs SPGI's -74.67%.
NU currently has the higher Sharpe Ratio (0.04 vs -0.60), 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 NU and SPGI
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