GRMN vs. NKE
GRMN (Garmin Ltd.) and NKE (NIKE, Inc.) are both stocks. GRMN operates in Scientific & Technical Instruments (Technology), while NKE operates in Footwear & Accessories (Consumer Cyclical). Over the past 10 years, GRMN returned 21.39%/yr vs -1.37%/yr for NKE. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
GRMN vs. NKE - Performance Comparison
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Returns By Period
In the year-to-date period, GRMN achieves a 46.03% return, which is significantly higher than NKE's -33.51% return. Over the past 10 years, GRMN has outperformed NKE with an annualized return of 21.39%, while NKE has yielded a comparatively lower -1.37% annualized return.
GRMN
- 1D
- -1.27%
- 1M
- 22.40%
- 6M
- 46.90%
- YTD
- 46.03%
- 1Y
- 36.51%
- 3Y*
- 42.87%
- 5Y*
- 15.78%
- 10Y*
- 21.39%
- ALL TIME*
- 17.14%
NKE
- 1D
- -1.37%
- 1M
- -5.40%
- 6M
- -31.46%
- YTD
- -33.51%
- 1Y
- -42.57%
- 3Y*
- -25.96%
- 5Y*
- -23.01%
- 10Y*
- -1.37%
- ALL TIME*
- 13.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRMN Garmin Ltd. | $338.93M | $260.91M | $222.30M |
NKE NIKE, Inc. | $770.61M | $804.55M | $1.00B |
GRMN vs. NKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 46.03% | -0.06% | 63.25% | 43.12% | -30.20% | 15.90% | 25.86% | 58.13% | 9.84% | 27.60% |
NKE NIKE, Inc. | -33.51% | -13.83% | -29.11% | -6.01% | -29.04% | 18.70% | 40.97% | 38.09% | 19.87% | 24.70% |
Correlation
The correlation between GRMN and NKE is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2000 | 0.35 |
The correlation between GRMN and NKE shifts across timeframes, from 0.35 (all time) to 0.47 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GRMN:
$56.66B
NKE:
$61.72B
GRMN:
$9.70
NKE:
$2.10
GRMN:
30.29
NKE:
19.87
GRMN:
7.41
NKE:
1.33
GRMN:
6.30
NKE:
1.61
GRMN:
$7.67B
NKE:
$46.40B
GRMN:
$4.61B
NKE:
$19.91B
GRMN:
$2.41B
NKE:
$3.21B
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Return for Risk
GRMN vs. NKE — Risk / Return Rank
GRMN
NKE
GRMN vs. NKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Garmin Ltd. (GRMN) and NIKE, Inc. (NKE). 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.
| GRMN | NKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.78 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | -0.91 | +2.22 |
| Martin ratioReturn relative to average drawdown | 2.78 | -1.47 | +4.25 |
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Drawdowns
GRMN vs. NKE - Drawdown Comparison
The maximum GRMN drawdown since its inception was -87.71%, which is greater than NKE's maximum drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for GRMN and NKE.
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Drawdown Indicators
| GRMN | NKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.71% | -75.19% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -27.97% | -47.12% | +19.15% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -64.87% | +36.90% |
Max Drawdown (5Y)Largest decline over 5 years | -54.63% | -75.10% | +20.47% |
Max Drawdown (10Y)Largest decline over 10 years | -54.63% | -75.10% | +20.47% |
Current DrawdownCurrent decline from peak | -1.27% | -74.52% | +73.25% |
Average DrawdownAverage peak-to-trough decline | -31.42% | -21.08% | -10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.16% | 29.10% | -15.94% |
Volatility
GRMN vs. NKE - Volatility Comparison
Garmin Ltd. (GRMN) has a higher volatility of 16.98% compared to NIKE, Inc. (NKE) at 9.03%. This indicates that GRMN's price experiences larger fluctuations and is considered to be riskier than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRMN | NKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.98% | 9.03% | +7.95% |
Volatility (6M)Calculated over the trailing 6-month period | 27.06% | 27.78% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.95% | 35.45% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.45% | 35.54% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.56% | 32.44% | -3.88% |
Dividends
GRMN vs. NKE - Dividend Comparison
GRMN's dividend yield for the trailing twelve months is around 1.28%, less than NKE's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 1.28% | 1.70% | 1.44% | 2.27% | 3.10% | 1.92% | 2.01% | 2.30% | 3.32% | 3.42% | 4.21% | 5.41% |
NKE NIKE, Inc. | 3.91% | 2.53% | 2.00% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 0.93% |
Financials
GRMN vs. NKE - Financials Comparison
This section allows you to compare key financial metrics between Garmin Ltd. and NIKE, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GRMN vs. NKE - Profitability Comparison
GRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Garmin Ltd. reported a gross profit of 1.26B and revenue of 2.02B. Therefore, the gross margin over that period was 62.4%.
NKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, NIKE, Inc. reported a gross profit of 5.39B and revenue of 10.97B. Therefore, the gross margin over that period was 49.2%.
GRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Garmin Ltd. reported an operating income of 615.51M and revenue of 2.02B, resulting in an operating margin of 30.4%.
NKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, NIKE, Inc. reported an operating income of 1.31B and revenue of 10.97B, resulting in an operating margin of 12.0%.
GRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Garmin Ltd. reported a net income of 541.92M and revenue of 2.02B, resulting in a net margin of 26.8%.
NKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, NIKE, Inc. reported a net income of 1.07B and revenue of 10.97B, resulting in a net margin of 9.7%.
Frequently Asked Questions
GRMN and NKE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRMN has higher volatility (16.98%) compared to NKE (9.03%). In terms of maximum drawdown, GRMN dropped -87.71% vs NKE's -75.19%.
GRMN currently has the higher Sharpe Ratio (1.08 vs -1.21), 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.
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