INSM vs NTNX: Correlation
How closely do Insmed Incorporated (INSM) and Nutanix, Inc. (NTNX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSM and NTNX?
On 3 years of weekly data the INSM/NTNX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.25 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -1162.7 %².
Among the 11 assets we track against INSM, NTNX sits near the bottom by co-movement, at rank #11. The trailing year gives NTNX the advantage: -9.8% versus +0.3%, a 10.1-point spread. Note the risk asymmetry: INSM runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INSM vs NTNX: side by side
| INSM (Insmed Incorporated) | NTNX (Nutanix, Inc.) | |
|---|---|---|
| 1-year return | -9.8% | +0.3% |
| 5-year return | +339.0% | +90.4% |
| Volatility (ann.) | 100.1% | 45.6% |
| Beta vs S&P 500 | 0.74 | 1.28 |
| Max drawdown (3Y) | -56.5% | -58.6% |
| Market cap | $26.5B | $18.9B |
| P/E (trailing) | – | 12.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSM | NTNX |
|---|---|---|
| 2022 | -26.7% | -18.2% |
| 2023 | +55.1% | +83.1% |
| 2024 | +122.8% | +28.3% |
| 2025 | +152.1% | -15.5% |
| 2026 | -30.3% | +35.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSM and NTNX good diversifiers for each other?
Yes. With a correlation of -0.25, INSM and NTNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INSM and NTNX?
The INSM/NTNX correlation stands at -0.25 on a 3-year window (1 year: -0.05, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is NTNX a good diversifier for INSM?
Yes. With a correlation of -0.25, INSM and NTNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/insm-vs-ntnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/insm-vs-ntnx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INSM correlations · NTNX correlations
