CRM vs NTNX: Correlation
How closely do Salesforce (CRM) and Nutanix, Inc. (NTNX) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and NTNX?
On 3 years of weekly data the CRM/NTNX correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 958.2 %².
Among the 68 assets we track against CRM, NTNX ranks #31 by 3-year correlation. Their 12-month results are close: +1.6% for CRM against +0.3% for NTNX.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CRM vs NTNX: side by side
| CRM (Salesforce) | NTNX (Nutanix, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | +0.3% |
| 5-year return | -3.2% | +90.4% |
| Volatility (ann.) | 37.6% | 45.6% |
| Beta vs S&P 500 | 1.21 | 1.28 |
| Max drawdown (3Y) | -58.7% | -58.6% |
| Market cap | $207.4B | $18.9B |
| P/E (trailing) | 18.8 | 12.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | NTNX |
|---|---|---|
| 2022 | -47.8% | -18.2% |
| 2023 | +98.5% | +83.1% |
| 2024 | +27.8% | +28.3% |
| 2025 | -20.2% | -15.5% |
| 2026 | -4.4% | +35.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and NTNX good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and NTNX?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.49 over the last year and 0.45 over 5 years.
Is NTNX a good diversifier for CRM?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crm-vs-ntnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crm-vs-ntnx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRM correlations · NTNX correlations
