LCID vs. NIO

Last updated Jun 23, 2026

LCID (Lucid Group, Inc.) and NIO (NIO Inc.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 5 years, LCID returned -54.00%/yr vs -35.55%/yr for NIO. At a 0.44 correlation, their price movements are largely independent.

Performance

LCID vs. NIO - Performance Comparison

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

Returns By Period

In the year-to-date period, LCID achieves a -51.18% return, which is significantly lower than NIO's -0.98% return.

LCID

• 1D: -3.73%
• 1M: -11.64%
• YTD: -51.18%
• 6M: -58.05%
• 1Y: -76.44%
• 3Y*: -54.48%
• 5Y*: -54.00%
• 10Y*: —

NIO

• 1D: 0.60%
• 1M: -2.88%
• YTD: -0.98%
• 6M: 1.00%
• 1Y: 48.09%
• 3Y*: -15.70%
• 5Y*: -35.55%
• 10Y*: —

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

LCID vs. NIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LCID Lucid Group, Inc.	-51.18%	-65.00%	-28.27%	-38.36%	-82.05%	280.12%	-2.34%
NIO NIO Inc.	-0.98%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	152.54%

Correlation

The correlation between LCID and NIO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020	0.44

Over the past year, the correlation between LCID and NIO has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Fundamentals

Market Cap LCID : $16.94B NIO : $12.53B
EPS LCID : -$3.19 NIO : -CN¥3.74
PS Ratio LCID : 4.86 NIO : 0.82
Total Revenue (TTM) LCID : $1.12B NIO : CN¥100.51B
Gross Profit (TTM) LCID : -$1.62B NIO : CN¥15.77B
EBITDA (TTM) LCID : -$3.03B NIO : -CN¥7.54B

Return for Risk

LCID vs. NIO — Risk / Return Rank

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

LCID

LCID Risk / Return Rank: 6
LCID Sharpe Ratio Rank: 5
LCID Sortino Ratio Rank: 2
LCID Omega Ratio Rank: 4
LCID Calmar Ratio Rank: 7
LCID Martin Ratio Rank: 10

NIO

NIO Risk / Return Rank: 64
NIO Sharpe Ratio Rank: 67
NIO Sortino Ratio Rank: 66
NIO Omega Ratio Rank: 62
NIO Calmar Ratio Rank: 64
NIO Martin Ratio Rank: 61

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.

LCID vs. NIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lucid Group, Inc. (LCID) 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.

	LCID	NIO	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	0.77	-1.75
Sortino ratio: Return per unit of downside risk	-2.23	1.51	-3.74
Omega ratio: Gain probability vs. loss probability	0.77	1.17	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.90	1.11	-2.01
Martin ratio: Return relative to average drawdown	-1.33	1.91	-3.24

LCID vs. NIO - Sharpe Ratio Comparison

The current LCID Sharpe Ratio is -0.98, which is lower than the NIO Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of LCID 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

LCID vs. NIO - Drawdown Comparison

The maximum LCID drawdown since its inception was -99.19%, roughly equal to the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for LCID and NIO.

Drawdown Indicators

	LCID	NIO	Difference
Max Drawdown Largest peak-to-trough decline	-99.19%	-95.00%	-4.19%
Max Drawdown (1Y) Largest decline over 1 year	-84.98%	-43.73%	-41.25%
Max Drawdown (3Y) Largest decline over 3 years	-94.21%	-79.69%	-14.52%
Max Drawdown (5Y) Largest decline over 5 years	-99.15%	-94.10%	-5.05%
Current Drawdown Current decline from peak	-99.11%	-91.96%	-7.15%
Average Drawdown Average peak-to-trough decline	-76.31%	-67.96%	-8.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.59%	25.23%	+32.36%

Volatility

LCID vs. NIO - Volatility Comparison

Lucid Group, Inc. (LCID) has a higher volatility of 22.99% compared to NIO Inc. (NIO) at 17.04%. This indicates that LCID's price experiences larger fluctuations and is considered to be riskier than NIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCID	NIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.99%	17.04%	+5.95%
Volatility (6M) Calculated over the trailing 6-month period	52.05%	41.01%	+11.04%
Volatility (1Y) Calculated over the trailing 1-year period	78.17%	62.76%	+15.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.68%	71.60%	+10.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.74%	86.56%	+0.18%

Dividends

LCID vs. NIO - Dividend Comparison

Neither LCID nor NIO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LCID and NIO in my portfolio?

LCID and NIO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCID or NIO?

LCID has higher volatility (22.99%) compared to NIO (17.04%). In terms of maximum drawdown, LCID dropped -99.19% vs NIO's -95.00%.

Which has better risk-adjusted returns?

NIO currently has the higher Sharpe Ratio (0.77 vs -0.98), 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.