GM vs. NIO

Last updated Jun 13, 2026

GM (General Motors Company) and NIO (NIO Inc.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 5 years, GM returned 6.65%/yr vs -35.22%/yr for NIO. At a 0.31 correlation, their price movements are largely independent.

Performance

GM vs. NIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in General Motors Company (GM) and NIO Inc. (NIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GM achieves a 0.68% return, which is significantly lower than NIO's 2.16% return.

GM

• 1D: 0.80%
• 1M: 7.74%
• YTD: 0.68%
• 6M: 1.21%
• 1Y: 66.96%
• 3Y*: 30.69%
• 5Y*: 6.65%
• 10Y*: 13.16%

NIO

• 1D: -0.38%
• 1M: -20.34%
• YTD: 2.16%
• 6M: 3.58%
• 1Y: 43.92%
• 3Y*: -16.32%
• 5Y*: -35.22%
• 10Y*: —

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

GM vs. NIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GM General Motors Company	0.68%	54.24%	49.84%	7.92%	-42.36%	40.80%	15.16%	14.02%	0.09%
NIO NIO Inc.	2.16%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	1,112.44%	-36.89%	6.17%

Correlation

The correlation between GM and NIO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018	0.31

The correlation between GM and NIO shifts across timeframes, from 0.16 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GM : $74.93B NIO : $12.93B
EPS GM : $2.68 NIO : -CN¥3.74
PS Ratio GM : 0.42 NIO : 0.85
PB Ratio GM : 1.20 NIO : 20.18
Total Revenue (TTM) GM : $184.62B NIO : CN¥100.51B
Gross Profit (TTM) GM : $11.25B NIO : CN¥15.77B
EBITDA (TTM) GM : $13.56B NIO : -CN¥7.54B

Return for Risk

GM vs. NIO — Risk / Return Rank

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

GM

GM Risk / Return Rank: 89
GM Sharpe Ratio Rank: 89
GM Sortino Ratio Rank: 89
GM Omega Ratio Rank: 88
GM Calmar Ratio Rank: 90
GM Martin Ratio Rank: 89

NIO

NIO Risk / Return Rank: 64
NIO Sharpe Ratio Rank: 66
NIO Sortino Ratio Rank: 66
NIO Omega Ratio Rank: 61
NIO Calmar Ratio Rank: 64
NIO Martin Ratio Rank: 60

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.

GM vs. NIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for General Motors Company (GM) and NIO Inc. (NIO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GM	NIO	Difference
Sharpe ratio: Return per unit of total volatility	1.94	0.70	+1.23
Sortino ratio: Return per unit of downside risk	2.90	1.43	+1.47
Omega ratio: Gain probability vs. loss probability	1.37	1.16	+0.22
Calmar ratio: Return relative to maximum drawdown	4.21	1.01	+3.20
Martin ratio: Return relative to average drawdown	10.37	1.78	+8.58

GM vs. NIO - Sharpe Ratio Comparison

The current GM Sharpe Ratio is 1.94, which is higher than the NIO Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of GM and NIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GM vs. NIO - Drawdown Comparison

The maximum GM drawdown since its inception was -59.96%, smaller than the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for GM and NIO.

Drawdown Indicators

	GM	NIO	Difference
Max Drawdown Largest peak-to-trough decline	-59.96%	-95.00%	+35.04%
Max Drawdown (1Y) Largest decline over 1 year	-16.00%	-43.73%	+27.73%
Max Drawdown (3Y) Largest decline over 3 years	-34.02%	-79.69%	+45.67%
Max Drawdown (5Y) Largest decline over 5 years	-58.96%	-94.10%	+35.14%
Max Drawdown (10Y) Largest decline over 10 years	-59.96%	—	—
Current Drawdown Current decline from peak	-5.22%	-91.71%	+86.49%
Average Drawdown Average peak-to-trough decline	-21.51%	-67.90%	+46.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.48%	24.74%	-18.26%

Volatility

GM vs. NIO - Volatility Comparison

The current volatility for General Motors Company (GM) is 11.54%, while NIO Inc. (NIO) has a volatility of 17.58%. This indicates that GM experiences smaller price fluctuations and is considered to be less risky than NIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GM	NIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.54%	17.58%	-6.04%
Volatility (6M) Calculated over the trailing 6-month period	23.80%	41.08%	-17.28%
Volatility (1Y) Calculated over the trailing 1-year period	34.80%	62.74%	-27.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.65%	71.62%	-34.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.95%	86.66%	-49.71%

Dividends

GM vs. NIO - Dividend Comparison

GM's dividend yield for the trailing twelve months is around 0.81%, while NIO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GM General Motors Company	0.81%	0.70%	0.90%	1.00%	0.54%	0.00%	0.91%	4.15%	4.54%	3.71%	4.36%	4.06%
NIO NIO Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

GM vs. NIO - Profitability Comparison

The chart below illustrates the profitability comparison between General Motors Company and NIO Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, General Motors Company reported a gross profit of 5.00B and revenue of 43.62B. Therefore, the gross margin over that period was 11.5%.

NIO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NIO Inc. reported a gross profit of 4.86B and revenue of 25.53B. Therefore, the gross margin over that period was 19.0%.

GM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, General Motors Company reported an operating income of 2.93B and revenue of 43.62B, resulting in an operating margin of 6.7%.

NIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIO Inc. reported an operating income of -308.81M and revenue of 25.53B, resulting in an operating margin of -1.2%.

GM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, General Motors Company reported a net income of 2.63B and revenue of 43.62B, resulting in a net margin of 6.0%.

NIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NIO Inc. reported a net income of -496.01M and revenue of 25.53B, resulting in a net margin of -1.9%.

Frequently Asked Questions

Can I hold both GM and NIO in my portfolio?

GM and NIO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GM or NIO?

NIO has higher volatility (17.58%) compared to GM (11.54%). In terms of maximum drawdown, GM dropped -59.96% vs NIO's -95.00%.

Which has better risk-adjusted returns?

GM currently has the higher Sharpe Ratio (1.94 vs 0.70), 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.