# How Nebius Group (NBIS) compares with the whole market and its popular alternatives

> Source: BetterThanSPY research, https://betterthanspy.com/research/nbis
> Data as of October 22, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on NBIS alone. It places NBIS (Nebius Group N.V.) against 20+ 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 and diversification. The result is a clearer view of where NBIS stands in the market, and of the alternatives worth a closer look.

Period covered: NBIS's full trading record, from October 2024 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.

## Key findings

- **Right now:** NBIS has gone against the market, falling 27.0% over the past 3 months while the S&P 500 rose 2.5%. The slide is NBIS's own: it is 44.5% below its high, against 1.9% for the S&P 500.
- **Stock or market?:** The weakness is NBIS's own: it fell 27.0% over the past 3 months while the cloud computing ETF SKYY (First Trust Cloud Computing ETF) rose 23.4%. The S&P 500 rose 2.5%. Its cloud computing peers did not move as one over the past 3 months: MSFT (Microsoft) rose 33.7%, while IREN fell 38.2%.
- **Past 1 to 3 years:** Over the past year, NBIS rose 61.4% against 15.6% for the S&P 500 and 16.9% for the Nasdaq 100.

## How much would $10,000 in NBIS have grown?

This chart tracks a hypothetical $10,000 investment in NBIS over the past 1 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of NBIS over the same span and NBIS's popular alternatives, among those that traded for the entire period.

- $10,000 invested in NBIS at the end of September 2025 would have grown to $21,010 by September 2026, more than the $11,571 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of NBIS, and MU finished highest, at $63,758.

## NBIS 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.

- NBIS is still 44.5% below its all-time high.
- NBIS's deepest decline since it began trading in 2024 was 58.3%, from February to April 2025. It took two months from the low to climb back to its old high.

- Type: Stock, Technology (Software - Application)
- Trading since: October 21, 2024
- Market value: $38B
- Volatility (1 year): 110%; Sharpe ratio: 0.97
- Worst decline ever: −58.3%, from February 18, 2025 to April 8, 2025; back at its high by June 6, 2025

| Period | NBIS total return |
| --- | --- |
| 1 month | −32.6% |
| 3 months | −27.0% |
| 6 months | +1.9% |
| year to date | +77.0% |
| 1 year | +61.4% |

## NBIS against the whole market

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

### How does NBIS rank among all stocks?

This section ranks NBIS on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- NBIS is among the more volatile stocks: its price swings rank in the bottom 2% of the 3,282 stocks worth at least $300 million, where the top is the calmest.
- NBIS's 1-year return ranks in the top 12% of the 3,282 stocks worth at least $300 million with 1 year of history.

| Measure | NBIS | Rank |
| --- | --- | --- |
| 1-year return | +61.4% | 406 of 3,282 (top 13%) |
| Volatility, 1 year | 110% | 3,201 of 3,282 (top 98%) |
| Sharpe ratio, 1 year | 0.97 | 951 of 3,282 (top 29%) |

## NBIS against its popular alternatives

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

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

This map plots each investment's annual return over the past 1 year against its volatility, the size of its typical price swings.

- Four of the 20 popular alternatives, led by DELL, DOCN and AMD, were both more rewarding and calmer than NBIS over the past 1 year, earning a higher annual return with lower volatility.
- Over the past 1 year, NBIS returned 61.4% a year, more than the S&P 500's 15.6%, with higher volatility (109.6% against 12.8%).

### Has NBIS consistently beaten its popular alternatives?

This section compares NBIS with the investments people most often weigh against it, checking each one over five periods from one month to one year.

- Four of the 20 popular alternatives, led by DELL, AMD and NVDA, outperformed NBIS in at least 3 of 5 timeframes.

| Investment | 1Y return | Periods ahead of NBIS | Verdict | Sharpe |
| --- | --- | --- | --- | --- |
| NBIS: Nebius Group N.V. (this page) | +61.4% |  |  | 0.97 |
| [DELL](https://betterthanspy.com/research/dell): Dell Technologies Inc. | +205% | 5/5 short-term | consistent | 1.83 |
| [AMD](https://betterthanspy.com/research/amd): Advanced Micro Devices, Inc. | +121% | 5/5 short-term | consistent | 1.50 |
| [NVDA](https://betterthanspy.com/research/nvda): NVIDIA Corporation | +18.0% | 3/5 short-term | consistent | 0.63 |
| [MSFT](https://betterthanspy.com/research/msft): Microsoft Corporation | +0.9% | 3/5 short-term | consistent | 0.19 |
| DOCN: DigitalOcean Holdings, Inc. | +136% | 2/5 short-term |  | 1.40 |
| [GOOG](https://betterthanspy.com/research/goog): Alphabet Inc. | +27.4% | 2/5 short-term |  | 0.93 |
| [ANET](https://betterthanspy.com/research/anet): Arista Networks, Inc. | +16.7% | 2/5 short-term |  | 0.56 |
| [AMZN](https://betterthanspy.com/research/amzn): Amazon.com, Inc. | +14.9% | 2/5 short-term |  | 0.57 |
| [IBM](https://betterthanspy.com/research/ibm): International Business Machines Corporation | −10.0% | 2/5 short-term |  | 0.04 |
| [ORCL](https://betterthanspy.com/research/orcl): Oracle Corporation | −53.4% | 2/5 short-term |  | -1.06 |
| HUT: Hut 8 Corp. | +64.7% | 1/5 short-term |  | 0.99 |
| [VRT](https://betterthanspy.com/research/vrt): Vertiv Holdings Co | +14.1% | 1/5 short-term |  | 0.53 |
| CORZ: Core Scientific, Inc. | −25.8% | 1/5 short-term |  | -0.05 |
| WULF: TeraWulf Inc. | −10.3% | 0/5 short-term |  | 0.34 |
| GDS: GDS Holdings Limited | −33.6% | 0/5 short-term |  | -0.44 |
| APLD: Applied Digital Corp. | −37.7% | 0/5 short-term |  | 0.04 |
| CIFR: Cipher Mining Inc. | −48.4% | 0/5 short-term |  | -0.04 |
| IREN: IREN Limited | −50.8% | 0/5 short-term |  | -0.14 |
| CRWV: CoreWeave, Inc. Class A Common Stock | −54.3% | 0/5 short-term |  | -0.34 |
| VNET: VNET Group, Inc. | −58.2% | 0/5 short-term |  | -0.74 |

## Risk and diversification

How NBIS 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 NBIS's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of NBIS's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: NBIS fell 48.3% from June to July 2026, while the S&P 500 slipped only 2.3%.
- None of these declines kept NBIS below its old high for long; the longest climb back took two months.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −58.3% | February 18, 2025 | April 8, 2025 | June 6, 2025 | −18.6% |  |
| −48.3% | June 18, 2026 | July 29, 2026 | not yet | −2.3% |  |
| −45.5% | October 13, 2025 | February 5, 2026 | April 9, 2026 | +2.5% |  |
| −37.4% | January 24, 2025 | January 27, 2025 | February 13, 2025 | −1.4% |  |
| −27.4% | December 6, 2024 | December 20, 2024 | January 14, 2025 | −2.4% |  |

## Common questions

### What was NBIS's worst drawdown?

NBIS's deepest decline since it began trading in 2024 was 58.3%, from February to April 2025. It took two months from the low to climb back to its old high. Because NBIS launched in October 2024, that record does not include the dot-com bust, the 2008 financial crisis or eight other sell-offs.

### What were NBIS's best and worst years?

Over one full calendar years, NBIS's best year was 2025, when it returned 202%. Its worst was 2025, with a return of +202%.

### What are the best alternatives to NBIS?

Of the 20 popular alternatives we compared, four outperformed NBIS in at least 3 of 5 timeframes, with dividends reinvested: DELL, AMD and NVDA.

## More research

- [Dell Technologies (DELL) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/dell)
- [Advanced Micro Devices (AMD) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/amd)
- [NVIDIA (NVDA) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/nvda)
- [Microsoft (MSFT) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/msft)
- [Alphabet (GOOG) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/goog)
- [Arista Networks (ANET) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/anet)
- [Amazon.com (AMZN) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/amzn)
- [International Business Machines (IBM) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/ibm)
- [Oracle (ORCL) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/orcl)
- [Vertiv (VRT) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/vrt)
- [Schwab U.S. Dividend Equity ETF (SCHD) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/schd)
- [Apple (AAPL) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/aapl)

## Explore further

- Full page with charts: https://betterthanspy.com/research/nbis
- All research pages: https://betterthanspy.com/llms.txt
- Compare the entire market against NBIS live: https://betterthanspy.com/?b=NBIS