SKWD vs. NTSX

Last updated Jun 4, 2026

SKWD (Skyward Specialty Insurance Group Inc. Common Stock) is a stock, while NTSX (WisdomTree U.S. Efficient Core Fund) is Diversified Portfolio fund actively managed by WisdomTree. Over the past 3 years, SKWD returned 21.40%/yr vs 19.38%/yr for NTSX. At a 0.21 correlation, their price movements are largely independent.

Performance

SKWD vs. NTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Skyward Specialty Insurance Group Inc. Common Stock (SKWD) and WisdomTree U.S. Efficient Core Fund (NTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKWD achieves a -16.40% return, which is significantly lower than NTSX's 8.62% return.

SKWD

• 1D: -3.11%
• 1M: -2.09%
• YTD: -16.40%
• 6M: -5.42%
• 1Y: -34.08%
• 3Y*: 21.40%
• 5Y*: —
• 10Y*: —

NTSX

• 1D: -1.05%
• 1M: 4.37%
• YTD: 8.62%
• 6M: 7.83%
• 1Y: 25.27%
• 3Y*: 19.38%
• 5Y*: 9.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SKWD vs. NTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SKWD Skyward Specialty Insurance Group Inc. Common Stock	-16.40%	1.13%	49.17%	77.38%
NTSX WisdomTree U.S. Efficient Core Fund	8.62%	18.82%	20.20%	16.39%

Correlation

The correlation between SKWD and NTSX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jan 17, 2023	0.21

Return for Risk

SKWD vs. NTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SKWD

SKWD Risk / Return Rank: 6
SKWD Sharpe Ratio Rank: 4
SKWD Sortino Ratio Rank: 6
SKWD Omega Ratio Rank: 8
SKWD Calmar Ratio Rank: 2
SKWD Martin Ratio Rank: 8

NTSX

NTSX Risk / Return Rank: 60
NTSX Sharpe Ratio Rank: 60
NTSX Sortino Ratio Rank: 58
NTSX Omega Ratio Rank: 59
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKWD vs. NTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) and WisdomTree U.S. Efficient Core Fund (NTSX). 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.

	SKWD	NTSX	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	2.06	-3.08
Sortino ratio: Return per unit of downside risk	-1.42	2.81	-4.22
Omega ratio: Gain probability vs. loss probability	0.84	1.37	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.98	2.77	-3.75
Martin ratio: Return relative to average drawdown	-1.38	12.25	-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.

SKWD vs. NTSX - Sharpe Ratio Comparison

The current SKWD Sharpe Ratio is -1.01, which is lower than the NTSX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SKWD and NTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SKWD	NTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.01	2.06	-3.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.71	+0.09

Drawdowns

SKWD vs. NTSX - Drawdown Comparison

The maximum SKWD drawdown since its inception was -36.52%, which is greater than NTSX's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SKWD and NTSX.

Drawdown Indicators

	SKWD	NTSX	Difference
Max Drawdown Largest peak-to-trough decline	-36.52%	-31.34%	-5.18%
Max Drawdown (1Y) Largest decline over 1 year	-34.98%	-9.16%	-25.82%
Max Drawdown (3Y) Largest decline over 3 years	-36.52%	-16.82%	-19.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.34%	—
Current Drawdown Current decline from peak	-34.26%	-1.05%	-33.21%
Average Drawdown Average peak-to-trough decline	-10.89%	-6.79%	-4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.27%	2.07%	+24.20%

Volatility

SKWD vs. NTSX - Volatility Comparison

Skyward Specialty Insurance Group Inc. Common Stock (SKWD) has a higher volatility of 10.00% compared to WisdomTree U.S. Efficient Core Fund (NTSX) at 3.39%. This indicates that SKWD's price experiences larger fluctuations and is considered to be riskier than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKWD	NTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.00%	3.39%	+6.61%
Volatility (6M) Calculated over the trailing 6-month period	24.87%	9.58%	+15.29%
Volatility (1Y) Calculated over the trailing 1-year period	33.75%	12.31%	+21.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.91%	17.04%	+16.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.91%	18.27%	+15.64%

Dividends

SKWD vs. NTSX - Dividend Comparison

SKWD has not paid dividends to shareholders, while NTSX's dividend yield for the trailing twelve months is around 1.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NTSX WisdomTree U.S. Efficient Core Fund	1.08%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%
SKWD Skyward Specialty Insurance Group Inc. Common Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SKWD and NTSX in my portfolio?

SKWD and NTSX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKWD or NTSX?

SKWD has higher volatility (10.00%) compared to NTSX (3.39%). In terms of maximum drawdown, SKWD dropped -36.52% vs NTSX's -31.34%.

Which has better risk-adjusted returns?

NTSX currently has the higher Sharpe Ratio (2.06 vs -1.01), 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.