LI vs. NIO
LI (Li Auto 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, LI returned -16.29%/yr vs -35.55%/yr for NIO. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
LI vs. NIO - Performance Comparison
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Returns By Period
In the year-to-date period, LI achieves a -24.28% return, which is significantly lower than NIO's -0.98% return.
LI
- 1D
- -2.95%
- 1M
- -19.32%
- YTD
- -24.28%
- 6M
- -24.50%
- 1Y
- -50.71%
- 3Y*
- -27.19%
- 5Y*
- -16.29%
- 10Y*
- —
NIO
- 1D
- 0.60%
- 1M
- -2.88%
- YTD
- -0.98%
- 6M
- 1.00%
- 1Y
- 48.09%
- 3Y*
- -15.70%
- 5Y*
- -35.55%
- 10Y*
- —
LI vs. NIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LI Li Auto Inc. | -24.28% | -29.43% | -35.91% | 83.48% | -36.45% | 11.34% | 86.00% |
NIO NIO Inc. | -0.98% | 16.97% | -51.93% | -6.97% | -69.22% | -35.00% | 283.78% |
Correlation
The correlation between LI and NIO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.64 |
The correlation between LI and NIO shifts across timeframes, from 0.53 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
Fundamentals
LI:
$13.00B
NIO:
$12.53B
LI:
-CN¥1.74
NIO:
-CN¥3.74
LI:
0.82
NIO:
0.82
LI:
1.26
NIO:
19.54
LI:
CN¥108.98B
NIO:
CN¥100.51B
LI:
CN¥17.42B
NIO:
CN¥15.77B
LI:
-CN¥2.83B
NIO:
-CN¥7.54B
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Return for Risk
LI vs. NIO — Risk / Return Rank
LI
NIO
LI vs. NIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Li Auto Inc. (LI) 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.
| LI | NIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.17 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.11 | -1.96 |
| Martin ratioReturn relative to average drawdown | -1.33 | 1.91 | -3.24 |
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Drawdowns
LI vs. NIO - Drawdown Comparison
The maximum LI drawdown since its inception was -72.52%, smaller than the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for LI and NIO.
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Drawdown Indicators
| LI | NIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.52% | -95.00% | +22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -59.69% | -43.73% | -15.96% |
Max Drawdown (3Y)Largest decline over 3 years | -72.52% | -79.69% | +7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -72.52% | -94.10% | +21.58% |
Current DrawdownCurrent decline from peak | -72.52% | -91.96% | +19.44% |
Average DrawdownAverage peak-to-trough decline | -40.04% | -67.96% | +27.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.25% | 25.23% | +13.02% |
Volatility
LI vs. NIO - Volatility Comparison
The current volatility for Li Auto Inc. (LI) is 11.78%, while NIO Inc. (NIO) has a volatility of 17.04%. This indicates that LI 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.
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Volatility by Period
| LI | NIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 17.04% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 29.04% | 41.01% | -11.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.21% | 62.76% | -22.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 71.60% | -8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.25% | 86.56% | -18.31% |
Dividends
LI vs. NIO - Dividend Comparison
Neither LI nor NIO has paid dividends to shareholders.
Financials
LI vs. NIO - Financials Comparison
This section allows you to compare key financial metrics between Li Auto Inc. and NIO 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
LI vs. NIO - Profitability Comparison
LI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported a gross profit of 1.80B and revenue of 22.84B. Therefore, the gross margin over that period was 7.9%.
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%.
LI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported an operating income of -2.95B and revenue of 22.84B, resulting in an operating margin of -12.9%.
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%.
LI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported a net income of -2.28B and revenue of 22.84B, resulting in a net margin of -10.0%.
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
LI and NIO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NIO has higher volatility (17.04%) compared to LI (11.78%). In terms of maximum drawdown, LI dropped -72.52% vs NIO's -95.00%.
NIO currently has the higher Sharpe Ratio (0.77 vs -1.27), 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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