NIO vs. CAT
NIO (NIO Inc.) and CAT (Caterpillar Inc.) are both stocks. NIO operates in Auto Manufacturers (Consumer Cyclical), while CAT operates in Farm & Heavy Construction Machinery (Industrials). Over the past 5 years, NIO returned -33.73%/yr vs 32.30%/yr for CAT. At a 0.26 correlation, their price movements are largely independent.
Performance
NIO vs. CAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NIO achieves a 5.10% return, which is significantly lower than CAT's 58.52% return.
NIO
- 1D
- -5.80%
- 1M
- -9.15%
- YTD
- 5.10%
- 6M
- 6.35%
- 1Y
- 48.07%
- 3Y*
- -12.05%
- 5Y*
- -33.73%
- 10Y*
- —
CAT
- 1D
- -3.85%
- 1M
- -2.44%
- YTD
- 58.52%
- 6M
- 50.56%
- 1Y
- 161.94%
- 3Y*
- 61.01%
- 5Y*
- 32.30%
- 10Y*
- 30.90%
NIO vs. CAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NIO NIO Inc. | 5.10% | 16.97% | -51.93% | -6.97% | -69.22% | -35.00% | 1,112.44% | -36.89% | -3.48% |
CAT Caterpillar Inc. | 58.52% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -11.37% |
Correlation
The correlation between NIO and CAT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018 | 0.26 |
The correlation between NIO and CAT shifts across timeframes, from 0.15 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NIO:
$13.30B
CAT:
$421.21B
NIO:
-$3.74
CAT:
$20.07
NIO:
0.13
CAT:
6.00
NIO:
3.06
CAT:
22.57
NIO:
$100.51B
CAT:
$70.76B
NIO:
$15.77B
CAT:
$23.01B
NIO:
-$7.54B
CAT:
$15.31B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NIO vs. CAT — Risk / Return Rank
NIO
CAT
NIO vs. CAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NIO Inc. (NIO) and Caterpillar Inc. (CAT). 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.
| NIO | CAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.93 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.69 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 11.74 | -10.64 |
| Martin ratioReturn relative to average drawdown | 1.98 | 38.98 | -37.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NIO | CAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 4.76 | -3.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 1.06 | -1.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.35 | -0.38 |
Drawdowns
NIO vs. CAT - Drawdown Comparison
The maximum NIO drawdown since its inception was -95.00%, which is greater than CAT's maximum drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for NIO and CAT.
Loading charts...
Drawdown Indicators
| NIO | CAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.00% | -73.43% | -21.57% |
Max Drawdown (1Y)Largest decline over 1 year | -43.73% | -13.88% | -29.85% |
Max Drawdown (3Y)Largest decline over 3 years | -79.69% | -34.05% | -45.64% |
Max Drawdown (5Y)Largest decline over 5 years | -94.10% | -34.05% | -60.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.36% | — |
Current DrawdownCurrent decline from peak | -91.47% | -3.85% | -87.62% |
Average DrawdownAverage peak-to-trough decline | -67.88% | -19.74% | -48.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.39% | 4.17% | +20.22% |
Volatility
NIO vs. CAT - Volatility Comparison
NIO Inc. (NIO) has a higher volatility of 19.56% compared to Caterpillar Inc. (CAT) at 11.26%. This indicates that NIO's price experiences larger fluctuations and is considered to be riskier than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NIO | CAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.56% | 11.26% | +8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 41.15% | 27.35% | +13.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.99% | 34.24% | +28.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.69% | 30.67% | +41.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.71% | 30.88% | +55.83% |
Dividends
NIO vs. CAT - Dividend Comparison
NIO has not paid dividends to shareholders, while CAT's dividend yield for the trailing twelve months is around 0.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.67% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
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
NIO vs. CAT - Financials Comparison
This section allows you to compare key financial metrics between NIO Inc. and Caterpillar 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
NIO vs. CAT - Profitability Comparison
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%.
CAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a gross profit of 6.11B and revenue of 17.42B. Therefore, the gross margin over that period was 35.1%.
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%.
CAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.
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%.
CAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.
Frequently Asked Questions
NIO and CAT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NIO has higher volatility (19.56%) compared to CAT (11.26%). In terms of maximum drawdown, NIO dropped -95.00% vs CAT's -73.43%.
CAT currently has the higher Sharpe Ratio (4.76 vs 0.77), 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.
Find the right allocation for NIO and CAT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer