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Relative Intelligence · Computer Hardware

How NetApp (NTAP) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on NTAP alone. It places NTAP (NetApp, Inc.) against 16 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where NTAP stands in the market, and of the alternatives worth a closer look.

Period covered: NTAP's full trading record, from November 1995 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against NTAP →Chart NTAP vs. 16 alternatives →
On this page12 sections

Key findings

How much would $10,000 in NTAP have grown?

This chart tracks a hypothetical $10,000 investment in NTAP over the past 27 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of NTAP over the same span and NTAP's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: The chart covers the past 27 years rather than NTAP's full 29 years, because most of its popular alternatives have not traded that long.

Choose a period

From the end of September 1999 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 415 of the 1,166 stocks and funds worth at least $500 million that traded the whole period ended ahead of NTAP; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M$10M199920042009201420192024$1,000$10,000$100,000$1M$10M1999200620132020
  • NVDA$63M+625,071% total · +38.2% a year
  • WDC$2M+20,279% total · +21.8% a year
  • TSM$782,499+7,725% total · +17.5% a year
  • AMZN$622,861+6,129% total · +16.5% a year
  • MSFT$185,654+1,757% total · +11.4% a year
  • NTAP$160,249+1,502% total · +10.8% a year
  • SPY (S&P 500)$95,018+850% total · +8.7% a year
  • NICE$90,971+810% total · +8.5% a year
  • CSCO$48,981+390% total · +6.1% a year
  • IBM$37,218+272% total · +5.0% a year
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From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 456 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of NTAP; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000202120222023202420252026$10,000$20,000$50,000$100,000202120222023202420252026
  • STX$128,799+1,188% total · +66.7% a year
  • DELL$112,363+1,024% total · +62.2% a year
  • NVDA$110,811+1,008% total · +61.8% a year
  • WDC$107,081+971% total · +60.7% a year
  • ANET$94,783+848% total · +56.8% a year
  • AVGO$79,117+691% total · +51.2% a year
  • HPE$51,318+413% total · +38.7% a year
  • SMH$48,982+390% total · +37.4% a year
  • NTAP$26,224+162% total · +21.3% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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NTAP at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$41B
Industry
Computer Hardware
Price history from
November 1995

Returns

Past 1 year
+81.9%total return
Past 3 years
+198%+44.0% a year
Past 5 years
+159%+20.9% a year
Past 10 years
+691%+23.0% a year
Best calendar year
+270%1999
Worst calendar year
−65.9%2001
Losing years
10 of 29full calendar years

Risk

Volatility
35.3%typical yearly swing, 5 years
Sharpe ratio
0.71return per unit of risk, 5 years
Worst decline ever
−96.2%Oct 2000 to Oct 2002
From its all-time high
−12.2%below the peak

NTAP against the whole market

Where NTAP ranks among every stock and fund, and what across the market has done better.

How does NTAP rank among all stocks?

This section ranks NTAP on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how NTAP stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureNTAPRankStanding
1-year return+81.9%268 of 3,287top 8%
3-year return+198%414 of 3,017top 14%
5-year return+159%424 of 2,893top 15%
10-year return+691%195 of 2,202top 9%
Volatility, 5 years35.3%1,155 of 2,893top 40%
Sharpe ratio, 5 years0.71432 of 2,893top 15%
Worst decline, past 10 years−58.1%811 of 2,187top 37%

What has beaten NTAP on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). NTAP sits where the dashed lines cross. Anything in the green box above and to the left earned more than NTAP with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to NTAP; faint dots are 76 more of the 85 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%20.0%30.0%40.0%50.0%60.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than NTAPFSS: +23.3% a year, volatility 31.7%ABBV: +26.1% a year, volatility 23.4%MCK: +38.7% a year, volatility 25.0%APH: +33.8% a year, volatility 32.2%GILD: +22.8% a year, volatility 24.9%MFG: +33.6% a year, volatility 30.6%SMFG: +33.7% a year, volatility 29.4%VRTX: +22.6% a year, volatility 29.1%BNY: +22.7% a year, volatility 24.4%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%COR: +24.2% a year, volatility 22.8%GWW: +26.3% a year, volatility 24.9%IRM: +24.6% a year, volatility 30.3%CASY: +29.9% a year, volatility 29.3%CW: +30.8% a year, volatility 28.7%RS: +24.8% a year, volatility 28.1%MLI: +38.9% a year, volatility 33.4%DTM: +24.5% a year, volatility 25.2%ALSN: +27.3% a year, volatility 29.9%HWM: +47.3% a year, volatility 32.5%ESE: +24.2% a year, volatility 31.1%NHC: +32.0% a year, volatility 28.5%MPLX: +23.5% a year, volatility 18.8%IGIC: +30.8% a year, volatility 30.9%XOM: +27.1% a year, volatility 26.5%EPU: +29.5% a year, volatility 24.9%HSBC: +33.1% a year, volatility 25.9%GE: +36.0% a year, volatility 31.0%FBIZ: +23.1% a year, volatility 29.4%MUFG: +33.2% a year, volatility 29.4%WELL: +26.0% a year, volatility 23.8%BBVA: +38.7% a year, volatility 33.3%PSX: +33.2% a year, volatility 32.9%UBS: +25.4% a year, volatility 30.4%PH: +27.4% a year, volatility 28.8%SU: +33.1% a year, volatility 32.5%TRGP: +41.8% a year, volatility 31.7%CNQ: +26.5% a year, volatility 32.5%WMB: +24.6% a year, volatility 24.0%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%ING: +24.7% a year, volatility 31.1%IMO: +34.3% a year, volatility 32.0%MFC: +22.6% a year, volatility 24.0%WAB: +25.6% a year, volatility 26.2%LNG: +23.4% a year, volatility 30.2%XLE: +22.6% a year, volatility 25.5%BAP: +30.8% a year, volatility 30.3%CIB: +32.9% a year, volatility 32.9%TS: +24.3% a year, volatility 33.3%KOF: +22.3% a year, volatility 24.7%PAA: +27.0% a year, volatility 25.6%BCH: +25.2% a year, volatility 28.2%USFD: +22.7% a year, volatility 29.8%UNM: +30.6% a year, volatility 29.3%WES: +23.5% a year, volatility 27.6%WF: +26.3% a year, volatility 31.6%MOG-A: +36.6% a year, volatility 32.0%WWD: +23.8% a year, volatility 32.3%CLH: +23.1% a year, volatility 28.6%APG: +23.0% a year, volatility 31.9%AIT: +28.5% a year, volatility 30.3%TKO: +26.3% a year, volatility 32.7%R: +25.1% a year, volatility 32.6%LAUR: +37.5% a year, volatility 32.8%PAGP: +26.8% a year, volatility 26.1%AVT: +22.1% a year, volatility 30.7%GVA: +23.8% a year, volatility 30.6%WT: +31.4% a year, volatility 32.8%ARLP: +29.4% a year, volatility 31.6%BLX: +31.4% a year, volatility 25.9%ESQ: +31.7% a year, volatility 31.7%AMAL: +24.7% a year, volatility 33.4%NBN: +28.8% a year, volatility 33.3%ARGT: +22.3% a year, volatility 32.1%NTAP: +20.9% a year, volatility 35.3%SPY (S&P 500): +12.7% a year, volatility 17.1%DELL: +55.2% a year, volatility 54.4%HPE: +32.9% a year, volatility 42.2%MSFT: +12.5% a year, volatility 28.2%SMH: +33.4% a year, volatility 36.9%AVGO: +48.3% a year, volatility 44.5%ANET: +49.0% a year, volatility 49.0%PANW: +31.9% a year, volatility 43.4%TSM: +31.5% a year, volatility 38.5%CDNS: +14.8% a year, volatility 37.2%LLY: +40.7% a year, volatility 32.8%CAT: +31.1% a year, volatility 31.9%MPC: +51.2% a year, volatility 33.4%MUSA: +26.1% a year, volatility 31.2%DXJ: +26.6% a year, volatility 19.1%PBR-A: +51.8% a year, volatility 37.5%PGR: +21.3% a year, volatility 25.6%QTUM: +22.8% a year, volatility 28.1%CAH: +42.1% a year, volatility 24.7%NTAPSPY (S&P 500)DELLHPEMSFTSMHAVGOANETTSMCDNSLLYCATMPCMUSADXJPBR-APGRQTUMCAH10.0%20.0%30.0%40.0%50.0%60.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than NTAPFSS: +23.3% a year, volatility 31.7%ABBV: +26.1% a year, volatility 23.4%MCK: +38.7% a year, volatility 25.0%APH: +33.8% a year, volatility 32.2%GILD: +22.8% a year, volatility 24.9%MFG: +33.6% a year, volatility 30.6%SMFG: +33.7% a year, volatility 29.4%VRTX: +22.6% a year, volatility 29.1%BNY: +22.7% a year, volatility 24.4%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%COR: +24.2% a year, volatility 22.8%GWW: +26.3% a year, volatility 24.9%IRM: +24.6% a year, volatility 30.3%CASY: +29.9% a year, volatility 29.3%CW: +30.8% a year, volatility 28.7%RS: +24.8% a year, volatility 28.1%MLI: +38.9% a year, volatility 33.4%DTM: +24.5% a year, volatility 25.2%ALSN: +27.3% a year, volatility 29.9%HWM: +47.3% a year, volatility 32.5%ESE: +24.2% a year, volatility 31.1%NHC: +32.0% a year, volatility 28.5%MPLX: +23.5% a year, volatility 18.8%IGIC: +30.8% a year, volatility 30.9%XOM: +27.1% a year, volatility 26.5%EPU: +29.5% a year, volatility 24.9%HSBC: +33.1% a year, volatility 25.9%GE: +36.0% a year, volatility 31.0%FBIZ: +23.1% a year, volatility 29.4%MUFG: +33.2% a year, volatility 29.4%WELL: +26.0% a year, volatility 23.8%BBVA: +38.7% a year, volatility 33.3%PSX: +33.2% a year, volatility 32.9%UBS: +25.4% a year, volatility 30.4%PH: +27.4% a year, volatility 28.8%SU: +33.1% a year, volatility 32.5%TRGP: +41.8% a year, volatility 31.7%CNQ: +26.5% a year, volatility 32.5%WMB: +24.6% a year, volatility 24.0%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%ING: +24.7% a year, volatility 31.1%IMO: +34.3% a year, volatility 32.0%MFC: +22.6% a year, volatility 24.0%WAB: +25.6% a year, volatility 26.2%LNG: +23.4% a year, volatility 30.2%XLE: +22.6% a year, volatility 25.5%BAP: +30.8% a year, volatility 30.3%CIB: +32.9% a year, volatility 32.9%TS: +24.3% a year, volatility 33.3%KOF: +22.3% a year, volatility 24.7%PAA: +27.0% a year, volatility 25.6%BCH: +25.2% a year, volatility 28.2%USFD: +22.7% a year, volatility 29.8%UNM: +30.6% a year, volatility 29.3%WES: +23.5% a year, volatility 27.6%WF: +26.3% a year, volatility 31.6%MOG-A: +36.6% a year, volatility 32.0%WWD: +23.8% a year, volatility 32.3%CLH: +23.1% a year, volatility 28.6%APG: +23.0% a year, volatility 31.9%AIT: +28.5% a year, volatility 30.3%TKO: +26.3% a year, volatility 32.7%R: +25.1% a year, volatility 32.6%LAUR: +37.5% a year, volatility 32.8%PAGP: +26.8% a year, volatility 26.1%AVT: +22.1% a year, volatility 30.7%GVA: +23.8% a year, volatility 30.6%WT: +31.4% a year, volatility 32.8%ARLP: +29.4% a year, volatility 31.6%BLX: +31.4% a year, volatility 25.9%ESQ: +31.7% a year, volatility 31.7%AMAL: +24.7% a year, volatility 33.4%NBN: +28.8% a year, volatility 33.3%ARGT: +22.3% a year, volatility 32.1%NTAP: +20.9% a year, volatility 35.3%SPY (S&P 500): +12.7% a year, volatility 17.1%DELL: +55.2% a year, volatility 54.4%HPE: +32.9% a year, volatility 42.2%MSFT: +12.5% a year, volatility 28.2%SMH: +33.4% a year, volatility 36.9%AVGO: +48.3% a year, volatility 44.5%ANET: +49.0% a year, volatility 49.0%PANW: +31.9% a year, volatility 43.4%TSM: +31.5% a year, volatility 38.5%CDNS: +14.8% a year, volatility 37.2%LLY: +40.7% a year, volatility 32.8%CAT: +31.1% a year, volatility 31.9%MPC: +51.2% a year, volatility 33.4%MUSA: +26.1% a year, volatility 31.2%DXJ: +26.6% a year, volatility 19.1%PBR-A: +51.8% a year, volatility 37.5%PGR: +21.3% a year, volatility 25.6%QTUM: +22.8% a year, volatility 28.1%CAH: +42.1% a year, volatility 24.7%NTAPSPY (S&P 500)DELLHPESMHAVGOTSMCDNSLLYCATMPCMUSADXJPBR-APGRCAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than NTAP?

Investments that beat NTAP over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat NTAP over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks NTAP's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than NTAP follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than NTAP's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× NTAP's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than NTAP's.

Screen the whole market against NTAP for any period in BetterThanSPYOpen these 18 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with NTAP?lower diversifies moreExpenseper year
NTAPNetApp, Inc. · this page
+20.9%35.3%0.71−58.1%+691%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.590.09%
Popular alternativesbest 3 shownThe investments people most often weigh against NTAP. 3 of 14 passed at least one test.
DELLDell Technologies Inc. · Computer Hardware
Higher return in most periods+55.2%54.4%1.08−59.6%+3,701%0.73—
HPEHewlett Packard Enterprise Company · Computer Hardware
Higher return in most periods+32.9%42.2%0.89−56.9%+483%0.78—
MSFTMicrosoft Corporation · Software
Smaller losses in recent crashes+12.5%28.2%0.56−37.1%+946%0.54—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Computer Hardware and the categories next to it (Semiconductors, Communications Equipment, Software, IT Services), plus NTAP's specific themes. 11 of 144 passed at least one test.
SMHVanEck Semiconductor ETF · Semiconductors
Higher return, similar volatilityHigher Sharpe, smaller worst decline+33.4%36.9%0.97−45.3%+1,665%0.470.35%
AVGOBroadcom Inc. · Semiconductors
Higher Sharpe, smaller worst decline+48.3%44.5%1.11−48.3%+2,380%0.30—
ANETArista Networks, Inc. · Communications Equipment
Higher Sharpe, smaller worst decline+49.0%49.0%1.06−52.2%+3,439%0.24—
PANWPalo Alto Networks, Inc. · Cybersecurity
Higher Sharpe, smaller worst decline+31.9%43.4%0.86−48.0%+1,274%0.58—
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Higher return, similar volatility+31.5%38.5%0.91−56.6%+1,505%0.29—
CDNSCadence Design Systems, Inc. · Software
Smaller losses in recent crashes+14.8%37.2%0.56−34.2%+1,139%0.39—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 177 of 3,475 passed at least one test.
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%0.13—
CATCaterpillar Inc. · Industrial Machinery
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+31.1%31.9%1.01−43.4%+936%0.21—
MPCMarathon Petroleum Corporation · Oil & Gas
On the frontierHigher return, lower volatilityHigher return in most periods+51.2%33.4%1.41−79.7%+1,387%0.24—
MUSAMurphy USA Inc. · Convenience Stores
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+26.1%31.2%0.90−35.5%+706%0.04—
DXJWisdomTree Japan Hedged Equity Fund · International Equity
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+26.6%19.1%1.34−39.1%+428%0.380.48%
PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
On the frontierHigher return, similar volatilityHigher return in most periods+51.8%37.5%1.31−71.7%+768%0.06—
PGRThe Progressive Corporation · Property & Casualty Insurance
Similar return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+21.3%25.6%0.89−30.3%+816%-0.08—
QTUMDefiance Quantum ETF · Technology
Higher return, lower volatilityHigher Sharpe, smaller worst decline+22.8%28.1%0.87−38.5%—0.500.40%
What these numbers mean for NTAP
Annual return
NTAP returned 20.9% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $25,900. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
NTAP's volatility over the past 5 years was 35.3%, about twice the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, NTAP's return lands within 35.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
NTAP's Sharpe ratio over the past 5 years was 0.71, against 0.79 for the S&P 500, so NTAP earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
NTAP's worst fall from a peak to a low over the past 10 years was 58.1%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 58.1% fall takes a 139% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, NTAP's monthly returns had a correlation of 0.59 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against NTAP instead: the lower it is, the more that option would diversify a NTAP holding. Guide: Correlation and diversification →
Show all 85 stocks and funds worth at least $500 million that earned more than NTAP with less volatility

Out of 3,633 tested over 5 years. The strongest 83 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with NTAPExpense
1
LLYEli Lilly and Company · Pharmaceuticals
Whole market+40.7%32.8%1.21−34.5%+1,807%0.13—
2
CATCaterpillar Inc. · Industrial Machinery
Whole market+31.1%31.9%1.01−43.4%+936%0.21—
3
MPCMarathon Petroleum Corporation · Oil & Gas
Whole market+51.2%33.4%1.41−79.7%+1,387%0.24—
4
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.09—
5
MUSAMurphy USA Inc. · Convenience Stores
Whole market+26.1%31.2%0.90−35.5%+706%0.04—
6
FSSFederal Signal Corporation · Industrial Machinery
Whole market+23.3%31.7%0.82−33.0%+882%0.23—
7
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%-0.09—
8
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.380.48%
9
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.04—
10
APHAmphenol Corporation · Electronic Components
Whole market+33.8%32.2%1.07−37.5%+965%0.32—
11
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.01—
12
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+345%0.16—
13
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.15—
14
VRTXVertex Pharmaceuticals Incorporated · Biotechnology
Whole market+22.6%29.1%0.85−41.6%+521%0.02—
15
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.33—
16
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.07—
17
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.23—
18
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.01—
19
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.32—
20
IRMIron Mountain Incorporated · Specialty REITs
Whole market+24.6%30.3%0.88−39.0%+470%0.30—
21
CASYCasey's General Stores, Inc. · Convenience Stores
Whole market+29.9%29.3%1.04−36.1%+537%0.09—
22
CWCurtiss-Wright Corporation · Aerospace & Defense
Whole market+30.8%28.7%1.08−48.7%+512%0.26—
23
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.93−40.8%+626%0.29—
24
MLIMueller Industries, Inc. · Metal Fabrication
Whole market+38.9%33.4%1.16−53.0%+800%0.11—
25
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.15—
26
ALSNAllison Transmission Holdings, Inc. · Auto Parts
Whole market+27.3%29.9%0.96−48.7%+367%0.08—
27
HWMHowmet Aerospace Inc. · Aerospace & Defense
Whole market+47.3%32.5%1.36−68.9%+1,028%0.33—
28
ESEESCO Technologies Inc. · Electronic Instruments
Whole market+24.2%31.1%0.85−46.0%+473%0.06—
29
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+394%0.26—
30
QTUMDefiance Quantum ETF · Technology
Whole market+22.8%28.1%0.87−38.5%—0.500.40%
31
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.15—
32
IGICInternational General Insurance Holdings Ltd. · Insurance - Diversified
Whole market+30.8%30.9%1.03−50.6%—-0.05—
33
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%0.02—
34
EPUiShares MSCI Peru and Global Exposure ETF · International
Whole market+29.5%24.9%1.17−51.0%+275%0.220.59%
35
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+319%0.13—
36
GEGE Aerospace · Aerospace & Defense
Whole market+36.0%31.0%1.15−80.9%+139%0.38—
37
FBIZFirst Business Financial Services, Inc. · Banks - Regional
Whole market+23.1%29.4%0.85−50.2%+307%0.27—
38
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+483%0.17—
39
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.08—
40
BBVABanco Bilbao Vizcaya Argentaria, S.A. · Banks
Whole market+38.7%33.3%1.16−69.6%+542%0.24—
41
PSXPhillips 66 · Oil & Gas
Whole market+33.2%32.9%1.04−64.2%+430%0.27—
42
UBSUBS Group AG · Banks
Whole market+25.4%30.4%0.90−59.8%+374%0.36—
43
PHParker-Hannifin Corporation · Industrial Machinery
Whole market+27.4%28.8%0.99−54.7%+789%0.22—
44
SUSuncor Energy Inc. · Integrated Oil & Gas
Whole market+33.1%32.5%1.05−73.5%+295%0.08—
45
TRGPTarga Resources Corp. · Oil & Gas Midstream
Whole market+41.8%31.7%1.27−90.8%+829%0.13—
46
CNQCanadian Natural Resources Limited · Oil & Gas
Whole market+26.5%32.5%0.89−77.5%+433%0.18—
47
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Whole market+24.6%24.0%1.04−68.1%+288%0.07—
48
MARMarriott International, Inc. · Hotels & Resorts
Whole market+22.0%28.6%0.84−61.3%+544%0.38—
49
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.12—
50
INGING Groep N.V. · Banks
Whole market+24.7%31.1%0.87−74.4%+339%0.29—
51
IMOImperial Oil Limited · Integrated Oil & Gas
Whole market+34.3%32.0%1.09−77.1%+430%0.08—
52
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.25—
53
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Whole market+25.6%26.2%1.00−64.1%+264%0.31—
54
LNGCheniere Energy, Inc. · Oil & Gas
Whole market+23.4%30.2%0.85−57.5%+616%-0.09—
55
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Whole market+22.6%25.5%0.93−66.8%+189%0.100.08%
56
BAPCredicorp Ltd. · Banks
Whole market+30.8%30.3%1.04−59.2%+298%0.20—
57
CIBGrupo Cibest S.A. · Banks
Whole market+32.9%32.9%1.03−70.4%+345%0.12—
58
TSTenaris S.A. · Oilfield Services
Whole market+24.3%33.3%0.82−75.1%+181%0.21—
59
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Whole market+22.3%24.7%0.94−55.1%+119%0.11—
60
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Whole market+27.0%25.6%1.06−87.9%+64.0%0.23—
61
BCHBanco de Chile · Banks
Whole market+25.2%28.2%0.94−58.4%+180%0.02—
62
USFDUS Foods Holding Corp. · Food Distribution
Whole market+22.7%29.8%0.84−77.3%+347%0.01—
63
UNMUnum Group · Life Insurance
Whole market+30.6%29.3%1.06−81.0%+256%0.04—
64
WESWestern Midstream Partners, LP · Oil & Gas Midstream
Whole market+23.5%27.6%0.91−91.9%+128%0.28—
65
WFWoori Financial Group Inc. · Banks
Whole market+26.3%31.6%0.90−67.2%+282%0.17—
66
MOG-AMoog Inc. · Aerospace & Defense
Whole market+36.6%32.0%1.14−63.7%+595%0.34—
67
WWDWoodward, Inc. · Aerospace & Defense
Whole market+23.8%32.3%0.82−60.6%+488%0.14—
68
CLHClean Harbors, Inc. · Environmental Services
Whole market+23.1%28.6%0.88−64.5%+588%0.24—
69
APGAPi Group Corporation · Engineering & Construction
Whole market+23.0%31.9%0.81−49.6%—0.24—
70
AITApplied Industrial Technologies, Inc. · Industrial Distribution
Whole market+28.5%30.3%0.98−59.3%+742%0.24—
71
TKOTKO Group Holdings, Inc. · Entertainment
Whole market+26.3%32.7%0.88−69.1%+941%0.22—
72
RRyder System, Inc. · Freight & Logistics
Whole market+25.1%32.6%0.85−72.3%+407%0.20—
73
LAURLaureate Education, Inc. · Education Services
Whole market+37.5%32.8%1.14−64.5%—0.21—
74
PAGPPlains GP Holdings LP · Oil & Gas Midstream
Whole market+26.8%26.1%1.05−88.0%+56.3%0.22—
75
AVTAvnet, Inc. · Technology Distribution
Whole market+22.1%30.7%0.81−58.4%+173%0.28—
76
GVAGranite Construction Incorporated · Engineering & Construction
Whole market+23.8%30.6%0.85−84.7%+186%0.29—
77
WTWisdomTree, Inc. · Asset Management
Whole market+31.4%32.8%1.00−84.0%+174%0.35—
78
ARLPAlliance Resource Partners, L.P. · Coal
Whole market+29.4%31.6%0.98−85.3%+173%0.12—
79
BLXBladex, Inc. · Banks - Regional
Whole market+31.4%25.9%1.19−68.5%+290%0.32—
80
ESQEsquire Financial Holdings, Inc. · Banks - Regional
Whole market+31.7%31.7%1.03−56.5%—0.20—
81
AMALAmalgamated Financial Corp. · Banks - Regional
Whole market+24.7%33.4%0.83−62.9%—0.14—
82
NBNNortheast Bank · Banks - Regional
Whole market+28.8%33.3%0.93−70.2%+1,064%0.15—
83
ARGTGlobal X - MSCI Argentina ETF · International
Whole market+22.3%32.1%0.79−61.7%+301%0.340.59%

NTAP against its popular alternatives

The investments people most often weigh against NTAP, compared period by period and year by year.

How do NTAP's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at NTAP, which divides the map into what did better or worse on each measure.

Green points earned more than NTAP with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityNTAP: 20.9% a year, volatility 35.3%SPY (S&P 500): 12.7% a year, volatility 17.1%CVLT: 15.4% a year, volatility 44.1%AMZN: 9.0% a year, volatility 36.6%NTNX: 13.5% a year, volatility 49.2%NICE: −16.1% a year, volatility 41.4%DELL: 55.2% a year, volatility 54.4%HPE: 32.9% a year, volatility 42.2%STX: 57.4% a year, volatility 48.7%WDC: 53.8% a year, volatility 53.5%NVDA: 58.0% a year, volatility 51.9%SMCI: 55.8% a year, volatility 89.4%MSFT: 12.5% a year, volatility 28.2%GOOG: 19.0% a year, volatility 32.0%CSCO: 16.8% a year, volatility 26.1%IBM: 16.6% a year, volatility 30.5%NTAPSPY (S&P 500)CVLTAMZNNTNXNICEDELLHPESTXWDCNVDASMCIMSFTGOOGCSCOIBM0.0%20.0%40.0%60.0%80.0%100%−20.0%0.0%20.0%40.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityNTAP: 20.9% a year, volatility 35.3%SPY (S&P 500): 12.7% a year, volatility 17.1%CVLT: 15.4% a year, volatility 44.1%AMZN: 9.0% a year, volatility 36.6%NTNX: 13.5% a year, volatility 49.2%NICE: −16.1% a year, volatility 41.4%DELL: 55.2% a year, volatility 54.4%HPE: 32.9% a year, volatility 42.2%STX: 57.4% a year, volatility 48.7%WDC: 53.8% a year, volatility 53.5%NVDA: 58.0% a year, volatility 51.9%SMCI: 55.8% a year, volatility 89.4%MSFT: 12.5% a year, volatility 28.2%GOOG: 19.0% a year, volatility 32.0%CSCO: 16.8% a year, volatility 26.1%IBM: 16.6% a year, volatility 30.5%NTAPSPY (S&P 500)AMZNNTNXNICEDELLHPESTXWDCSMCIGOOGIBM
All figures
InvestmentAnnual returnVolatility
NVDA NVIDIA Corporation+58.0%51.9%
STX Seagate Technology Holdings plc+57.4%48.7%
SMCI Super Micro Computer, Inc.+55.8%89.4%
DELL Dell Technologies Inc.+55.2%54.4%
WDC Western Digital Corporation+53.8%53.5%
HPE Hewlett Packard Enterprise Company+32.9%42.2%
NTAP This pageNetApp, Inc.+20.9%35.3%
GOOG Alphabet Inc.+19.0%32.0%
CSCO Cisco Systems, Inc.+16.8%26.1%
IBM International Business Machines Corporation+16.6%30.5%
CVLT Commvault Systems, Inc.+15.4%44.1%
NTNX Nutanix, Inc.+13.5%49.2%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
MSFT Microsoft Corporation+12.5%28.2%
AMZN Amazon.com, Inc.+9.0%36.6%
NICE NICE Ltd.−16.1%41.4%
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Has NTAP consistently beaten its popular alternatives?

This section compares NTAP with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than NTAP helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than NTAP over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
NTAP NetApp, Inc. (this page)—+6.2%+30.6%+97.7%+99.3%+81.9%+198%+159%+691%35.3%0.71−58.1%—$41B—
DELL QualifiedDell Technologies Inc.3/5 short3/3 long−19.6%+21.3%+127%+265%+217%+636%+800%+3,701%54.4%1.08−59.6%—$294B—
HPE QualifiedHewlett Packard Enterprise Company3/5 short2/3 long−9.1%+26.3%+103%+135%+150%+296%+315%+483%42.2%0.89−56.9%—$74B—
STX Computer HardwareSeagate Technology Holdings plc2/5 short3/3 long−23.0%−15.8%+25.3%+136%+217%+975%+866%+2,698%48.7%1.18−57.0%—$154B—
WDC Computer HardwareWestern Digital Corporation1/5 short3/3 long−18.7%−25.2%−2.6%+94.3%+200%+1,030%+759%+911%53.5%1.07−70.5%—$136B—
NVDA SemiconductorsNVIDIA Corporation0/5 short3/3 long−4.8%+6.6%+7.4%+14.9%+18.8%+425%+884%+13,019%51.9%1.14−66.3%—$5.2T—
SMCI Computer HardwareSuper Micro Computer, Inc.1/5 short2/3 long−21.2%+36.3%+12.7%+4.9%−41.0%+30.6%+817%+1,383%89.4%0.94−84.8%—$21B—
MSFT Software - InfrastructureMicrosoft Corporation1/5 short1/3 long+6.0%+32.5%+27.7%+13.2%+3.8%+66.6%+80.3%+946%28.2%0.56−37.1%—$3.9T—
GOOG Internet Content & InformationAlphabet Inc.0/5 short1/3 long−4.1%−4.2%+0.4%+6.9%+31.2%+148%+138%+752%32.0%0.71−44.6%—$4.1T—
RBRK Software - InfrastructureRubrik, Inc.2/5 short0/3 long+1.4%+46.6%+114%+51.8%+45.4%—————−56.1%—$24B—
SNDK Computer HardwareSandisk Corporation2/5 short0/3 long−22.7%−1.8%+49.5%+396%+822%—————−56.5%—$197B—
CVLT Software - ApplicationCommvault Systems, Inc.1/5 short0/3 long+7.0%+6.2%+62.5%+25.5%−11.7%+135%+104%+196%44.1%0.55−61.5%—$6.5B—
AMZN Specialty RetailAmazon.com, Inc.0/5 short0/3 long+1.6%+5.1%+5.8%+16.0%+21.3%+110%+53.8%+548%36.6%0.42−56.1%—$2.8T—
CSCO Communication EquipmentCisco Systems, Inc.0/5 short0/3 long−3.9%−3.2%+22.6%+42.2%+53.8%+118%+118%+374%26.1%0.73−42.0%—$421B—
IBM Information Technology ServicesInternational Business Machines Corporation0/5 short0/3 long+4.3%+14.4%−3.3%−15.3%−12.5%+93.5%+116%+151%30.5%0.66−41.1%—$228B—
NTNX Software - InfrastructureNutanix, Inc.0/5 short0/3 long−2.6%+23.8%+68.0%+34.8%−0.1%+90.0%+88.3%+139%49.2%0.50−80.4%—$18B—
NICE Software - ApplicationNICE Ltd.0/5 short0/3 long0.0%+13.0%+8.5%+2.3%−13.4%−26.8%−58.5%+71.8%41.4%-0.22−73.6%—$6.7B—
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How did NTAP do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where NTAP ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with NTAP and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of NTAP; gray means the two finished within a fraction of a point. The rank row places NTAP among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of NTAP20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
NTAP This pageNetApp, Inc.—−5.9%+34.2%+51.1%−32.9%+42.5%+10.9%+7.4%+9.7%+59.9%+36.6%−34.7%+2.5%+23.5%−7.5%−34.0%+60.0%+146%−44.0%−36.4%+45.4%−18.7%+62.5%+105%−54.3%−65.9%+54.5%+270%+153%+39.7%
Rank among alternativesTop quarter in 9 of 2913 of 167 of 1510 of 159 of 157 of 159 of 1512 of 157 of 152 of 153 of 1310 of 128 of 129 of 1210 of 1212 of 121 of 124 of 126 of 1211 of 113 of 1010 of 101 of 93 of 97 of 88 of 81 of 81 of 72 of 73 of 6
SPY S&P 500State Street SPDR S&P 500 ETF14 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
DELL Dell Technologies Inc.6 of 9+11.2%+53.0%+95.9%−26.6%+51.3%+42.6%+5.1%+8.6%+47.8%————————————————————
HPE Hewlett Packard Enterprise Company4 of 10+15.5%+29.1%+9.7%+4.5%+37.4%−21.9%+23.7%−5.7%+8.6%+54.2%———————————————————
STX Seagate Technology Holdings plc11 of 23+225%+4.1%+69.1%−51.4%+87.5%+10.2%+62.1%−2.9%+13.4%+13.4%−42.4%+22.5%+89.7%+95.5%+12.9%−17.4%+313%−82.0%−2.2%+34.4%+17.8%−6.9%+77.7%——————
WDC Western Digital Corporation12 of 29+284%+13.9%+66.0%−51.6%+17.7%−10.9%+77.1%−51.9%+19.8%+17.5%−44.3%+34.0%+101%+39.1%−8.7%−23.2%+286%−62.1%+47.7%+10.0%+71.7%−8.2%+84.5%+1.8%+158%−41.9%−72.2%−5.9%−43.7%
NVDA NVIDIA Corporation16 of 26+38.9%+171%+239%−50.2%+125%+122%+76.4%−30.8%+82.5%+228%+67.1%+27.4%+33.5%−11.0%−10.0%−17.6%+131%−76.3%+37.9%+102%+55.2%+1.6%+102%−82.8%+308%+39.6%———
SMCI Super Micro Computer, Inc.10 of 18−4.0%+7.2%+246%+87.0%+38.5%+32.1%+73.9%−34.0%−25.6%+14.7%−29.8%+103%+68.6%−35.0%+36.5%+3.6%+75.3%−17.5%———————————
MSFT Microsoft Corporation17 of 29+15.6%+12.9%+58.2%−28.0%+52.5%+42.5%+57.6%+20.8%+40.8%+15.1%+22.7%+27.5%+44.3%+5.8%−4.5%−6.5%+60.5%−44.4%+20.8%+15.8%−1.0%+9.2%+6.2%−22.0%+52.8%−62.9%+68.4%+115%+56.5%
GOOG Alphabet Inc.12 of 21+65.4%+35.6%+58.8%−38.7%+65.2%+31.0%+29.1%−1.0%+35.6%+1.7%+44.5%−6.0%+58.5%+9.5%+8.8%−4.2%+101%−55.5%+50.2%+11.1%+115%————————
RBRK Rubrik, Inc.1 of 1+17.0%————————————————————————————
CVLT Commvault Systems, Inc.9 of 19−16.9%+89.0%+27.1%−8.8%+24.5%+24.0%−24.4%+12.6%+2.1%+30.6%−23.9%−30.9%+7.5%+63.1%+49.3%+20.8%+76.7%−36.7%+5.9%——————————
AMZN Amazon.com, Inc.17 of 28+5.2%+44.4%+80.9%−49.6%+2.4%+76.3%+23.0%+28.4%+56.0%+10.9%+118%−22.2%+59.0%+45.0%−3.9%+33.7%+163%−44.7%+135%−16.5%+6.8%−16.0%+178%+74.6%−30.5%−79.6%+42.2%+968%—
CSCO Cisco Systems, Inc.15 of 29+33.5%+21.0%+9.3%−22.5%+45.8%−3.5%+13.8%+16.6%+31.3%+15.1%+0.6%+28.0%+16.7%+11.6%−9.6%−15.5%+46.9%−39.8%−1.0%+59.7%−11.4%−20.3%+85.0%−27.7%−52.6%−28.6%+131%+150%+31.2%
IBM International Business Machines Corporation12 of 29+38.2%+39.3%+21.9%+10.6%+16.6%−1.2%+23.6%−22.6%−4.9%+25.2%−11.4%−12.4%−0.2%+5.9%+27.4%+14.2%+58.7%−20.8%+12.8%+19.8%−15.8%+7.2%+20.5%−35.4%+43.1%−20.8%+17.6%+77.5%+39.3%
NTNX Nutanix, Inc.3 of 9−15.5%+28.3%+83.1%−18.2%0.0%+1.9%−24.8%+17.9%+32.8%————————————————————
NICE NICE Ltd.14 of 29−33.4%−14.9%+3.8%−36.7%+7.1%+82.8%+43.4%+17.7%+34.0%+21.1%+14.4%+25.6%+23.9%−2.8%−1.3%+12.4%+38.1%−34.5%+11.5%+27.8%+54.0%+23.4%+214%−50.6%−18.7%−59.2%+128%−48.5%+133%
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Risk and diversification

How NTAP has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were NTAP's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents NTAP's five deepest drawdowns since it began trading in 1995, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means NTAP fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringNTAP fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−96.2%−41.0%Oct 2000Oct 20022 yearsMay 202421.6 years
Dot-com bust−58.1%−3.2%Mar 2000Apr 20001 monthSep 20005 months
No named crash−53.1%+0.4%Jan 1997Apr 19973 monthsOct 19976 months
No named crash−45.7%+7.0%Dec 1995Aug 19968 monthsDec 19964 months
No named crash−42.6%−9.1%Jul 2024Apr 20259 monthsMay 202613 months

How did NTAP do in stock market crashes?

This section measures how far NTAP, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than NTAP.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
NTAP This pageNetApp, Inc.—−5.4%−34.3%−34.2%−36.6%−7.3%−38.4%−34.2%−4.7%−67.6%−96.2%
SPY S&P 500State Street SPDR S&P 500 ETF9 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
DELL Dell Technologies Inc.1 of 5−5.7%−43.6%−45.9%−28.6%−7.4%—————
HPE Hewlett Packard Enterprise Company2 of 5−7.2%−30.5%−45.3%−27.4%−9.6%—————
STX Seagate Technology Holdings plc3 of 9−5.2%−54.0%−25.6%−25.4%−8.4%−48.9%−34.8%−0.5%−88.7%—
WDC Western Digital Corporation3 of 10−6.8%−52.4%−58.0%−41.8%−6.0%−53.0%−35.4%−1.1%−75.2%−76.5%
NVDA NVIDIA Corporation4 of 10−5.0%−60.7%−37.5%−55.9%−8.5%−25.3%−23.8%−1.7%−85.1%−89.7%
SMCI Super Micro Computer, Inc.5 of 9−12.8%−31.2%−42.6%−45.6%−9.7%−32.4%−22.7%0.0%−64.3%—
MSFT Microsoft Corporation9 of 10−2.0%−31.0%−27.7%−18.2%−7.4%−14.4%−14.1%−2.6%−57.9%−62.9%
GOOG Alphabet Inc.7 of 9−3.9%−35.0%−30.8%−18.9%−9.9%−12.7%−21.1%−1.1%−65.3%—
CVLT Commvault Systems, Inc.7 of 9−6.1%−26.7%−45.3%−22.9%−5.9%−29.1%−27.5%−2.1%−65.3%—
AMZN Amazon.com, Inc.8 of 10−3.4%−39.6%−22.7%−33.2%−7.1%−30.6%−20.7%−2.9%−65.3%−91.8%
CSCO Cisco Systems, Inc.9 of 10−1.4%−35.4%−29.1%−17.5%−5.3%−22.8%−16.6%−3.1%−60.0%−89.3%
IBM International Business Machines Corporation9 of 10−2.0%−16.7%−37.3%−29.1%−6.3%−23.3%−14.6%−1.5%−44.3%−58.3%
NTNX Nutanix, Inc.2 of 5−7.0%−55.9%−66.6%−22.6%−4.0%—————
NICE NICE Ltd.8 of 10−4.7%−37.6%−35.2%−11.7%−3.8%−21.0%−26.2%−1.2%−57.0%−91.6%
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How closely does NTAP move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares NTAP with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than NTAP's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
NTAP This pageNetApp, Inc.147%147%1.001.38
DELL Dell Technologies Inc.154%43%3.591.13
STX Seagate Technology Holdings plc169%88%1.931.58
NVDA NVIDIA Corporation248%140%1.771.83
MSFT Microsoft Corporation127%91%1.390.96
GOOG Alphabet Inc.132%110%1.201.12
CVLT Commvault Systems, Inc.62%52%1.180.75
HPE Hewlett Packard Enterprise Company116%102%1.141.31
SMCI Super Micro Computer, Inc.189%168%1.121.74
CSCO Cisco Systems, Inc.101%96%1.060.97
WDC Western Digital Corporation171%163%1.051.87
AMZN Amazon.com, Inc.134%139%0.961.31
NTNX Nutanix, Inc.68%91%0.751.20
IBM International Business Machines Corporation89%121%0.730.95
NICE NICE Ltd.65%94%0.690.78
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What diversifies NTAP?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with NTAP's. Because such investments tend not to fall at the same time, pairing NTAP with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which NTAP lost money. The last two columns show a portfolio that is 80% NTAP and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe202520222015201220112008200720052002200180/20 mix volatility80/20 mix annual return
NTAP NetApp, Inc. (this page)1.00+159%0.71−5.9%−32.9%−34.7%−7.5%−34.0%−44.0%−36.4%−18.7%−54.3%−65.9%39.0%+21.3%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.24+119%1.48+27.1%+3.8%————————31.7%+21.5%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.38+225%1.34+32.8%+6.0%+7.7%+19.6%−16.1%−20.8%−7.4%———32.3%+23.4%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.17+101%1.04+9.7%+10.4%−25.3%———————31.8%+21.2%
HDV Dividend & IncomeiShares Core High Dividend ETF0.18+83.3%1.00+11.9%+7.1%−0.3%+9.6%——————31.8%+20.5%
FTLS Broad MarketFirst Trust Long/Short Equity ETF0.49+62.9%0.99+9.1%−5.6%+4.7%———————32.1%+20.0%
SMH TechnologyVanEck Semiconductor ETF0.47+323%0.97+49.2%−33.5%−0.3%+8.6%+6.8%−44.7%+6.0%+10.8%−47.0%−14.6%35.0%+25.6%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.43+85.0%0.96+23.1%−5.1%+4.1%+20.9%——————32.2%+20.7%
GLD CommoditiesSPDR Gold Shares-0.06+126%0.96+63.7%−0.8%−10.7%+6.6%+9.6%+4.9%+30.4%+17.8%——31.2%+22.2%

Stocks

InvestmentCorrelation5Y returnSharpe202520222015201220112008200720052002200180/20 mix volatility80/20 mix annual return
NTAP NetApp, Inc. (this page)1.00+159%0.71−5.9%−32.9%−34.7%−7.5%−34.0%−44.0%−36.4%−18.7%−54.3%−65.9%39.0%+21.3%
CAH Medical - DistributionCardinal Health, Inc.0.09+479%1.55+76.3%+54.1%+12.6%+3.8%+8.1%−39.6%−9.8%+18.7%−8.3%−2.5%32.1%+26.1%
CLS Hardware, Equipment & PartsCelestica Inc.0.30+3,143%1.47+220%+1.3%−6.0%+11.2%−24.4%−20.5%−25.7%−25.2%−65.1%−25.6%36.4%+38.6%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.19+1,636%1.46+121%+17.0%+67.7%+15.7%−17.0%−15.2%+2.1%+20.1%−9.4%+73.7%34.1%+35.0%
MCK Medical - DistributionMcKesson Corporation0.04+413%1.44+44.5%+51.8%−4.5%+25.6%+11.8%−40.4%+29.7%+64.9%−27.2%+4.9%31.8%+25.5%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.24+690%1.41+19.2%+86.6%+17.4%+94.3%——————33.4%+27.9%
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Common questions

What was NTAP's worst drawdown?

NTAP's deepest decline since it began trading in 1995 was 96.2%, from October 2000 to October 2002. It took about 22 years from the low to climb back to its old high.

What were NTAP's best and worst years?

Over 29 full calendar years, NTAP's best year was 1999, when it returned 270%. Its worst was 2001, with a return of -65.9%.

Is there a better investment than NTAP?

Among NTAP's popular alternatives, DELL and HPE were ahead of NTAP in most short and long periods. Looking beyond its popular alternatives, SMH (semiconductors) earned more for the risk it took than NTAP over the past 5 years, and its worst fall in 10 years was 45.3%, against 58.1% for NTAP.

Is NTAP more volatile than the S&P 500?

Yes. NTAP's volatility over the past 5 years was 35.3%, about twice the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, NTAP's return lands within 35.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is NTAP's Sharpe ratio?

NTAP's Sharpe ratio over the past 5 years was 0.71, against 0.79 for the S&P 500, so NTAP earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is NTAP with the S&P 500?

Over the past 5 years, NTAP's monthly returns had a correlation of 0.59 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against NTAP instead: the lower it is, the more that option would diversify a NTAP holding.

What are the best alternatives to NTAP?

Of the 16 popular alternatives we compared, two outperformed NTAP in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: DELL and HPE.

Did NTAP outperform the S&P 500?

NTAP finished ahead of the S&P 500 (SPY) in 15 of 29 full calendar years. In 2025, it returned -5.9%, against +17.7% for the index.

How did NTAP do in stock market crashes?

NTAP fell less than the S&P 500 (SPY) in none of the ten major crashes it has traded through, and further in nine. The clearest case was the dot-com bust, when NTAP fell 96.2% and the S&P 500 fell 47.5%.

What diversifies NTAP?

These had a low correlation with NTAP over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.24), DXJ (correlation 0.38) and EMLP (correlation 0.17); among large stocks, CAH (correlation 0.09), CLS (correlation 0.30) and FIX (correlation 0.19). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to NTAP

Other stocks and ETFs