NIO vs. MO

Last updated Jun 9, 2026

NIO (NIO Inc.) and MO (Altria Group, Inc.) are both stocks. NIO operates in Auto Manufacturers (Consumer Cyclical), while MO operates in Tobacco (Consumer Defensive). Over the past 5 years, NIO returned -33.76%/yr vs 16.08%/yr for MO. At a 0.07 correlation, their price movements are largely independent.

Performance

NIO vs. MO - Performance Comparison

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

Returns By Period

In the year-to-date period, NIO achieves a 6.86% return, which is significantly lower than MO's 25.71% return.

NIO

• 1D: 1.68%
• 1M: -6.84%
• YTD: 6.86%
• 6M: 6.86%
• 1Y: 50.14%
• 3Y*: -11.00%
• 5Y*: -33.76%
• 10Y*: —

MO

• 1D: -1.25%
• 1M: 4.65%
• YTD: 25.71%
• 6M: 27.02%
• 1Y: 28.81%
• 3Y*: 25.85%
• 5Y*: 16.08%
• 10Y*: 7.79%

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

NIO vs. MO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NIO NIO Inc.	6.86%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	1,112.44%	-36.89%	-3.48%
MO Altria Group, Inc.	25.71%	18.17%	40.76%	-3.70%	4.37%	24.18%	-10.21%	7.87%	-19.83%

Correlation

The correlation between NIO and MO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018	0.07

The correlation between NIO and MO shifts across timeframes, from -0.11 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NIO : $13.52B MO : $119.27B
EPS NIO : -$3.74 MO : $4.79
PS Ratio NIO : 0.13 MO : 5.49
Total Revenue (TTM) NIO : $100.51B MO : $21.82B
Gross Profit (TTM) NIO : $15.77B MO : $14.80B
EBITDA (TTM) NIO : -$7.54B MO : $11.70B

Return for Risk

NIO vs. MO — Risk / Return Rank

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

NIO

NIO Risk / Return Rank: 65
NIO Sharpe Ratio Rank: 68
NIO Sortino Ratio Rank: 67
NIO Omega Ratio Rank: 63
NIO Calmar Ratio Rank: 65
NIO Martin Ratio Rank: 62

MO

MO Risk / Return Rank: 74
MO Sharpe Ratio Rank: 78
MO Sortino Ratio Rank: 72
MO Omega Ratio Rank: 74
MO Calmar Ratio Rank: 73
MO Martin Ratio Rank: 74

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.

NIO vs. MO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NIO Inc. (NIO) and Altria Group, Inc. (MO). 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	MO	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.29	-0.49
Sortino ratio: Return per unit of downside risk	1.54	1.80	-0.26
Omega ratio: Gain probability vs. loss probability	1.17	1.25	-0.07
Calmar ratio: Return relative to maximum drawdown	1.15	1.76	-0.61
Martin ratio: Return relative to average drawdown	2.06	4.45	-2.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NIO vs. MO - Sharpe Ratio Comparison

The current NIO Sharpe Ratio is 0.80, which is lower than the MO Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of NIO and MO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NIO	MO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.29	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	0.78	-1.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.69	-0.72

Drawdowns

NIO vs. MO - Drawdown Comparison

The maximum NIO drawdown since its inception was -95.00%, which is greater than MO's maximum drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for NIO and MO.

Drawdown Indicators

	NIO	MO	Difference
Max Drawdown Largest peak-to-trough decline	-95.00%	-65.43%	-29.57%
Max Drawdown (1Y) Largest decline over 1 year	-43.73%	-16.40%	-27.33%
Max Drawdown (3Y) Largest decline over 3 years	-79.69%	-16.40%	-63.29%
Max Drawdown (5Y) Largest decline over 5 years	-94.10%	-25.83%	-68.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-53.69%	—
Current Drawdown Current decline from peak	-91.33%	-4.37%	-86.96%
Average Drawdown Average peak-to-trough decline	-67.89%	-11.93%	-55.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.47%	6.49%	+17.98%

Volatility

NIO vs. MO - Volatility Comparison

NIO Inc. (NIO) has a higher volatility of 19.67% compared to Altria Group, Inc. (MO) at 6.69%. This indicates that NIO's price experiences larger fluctuations and is considered to be riskier than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIO	MO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.67%	6.69%	+12.98%
Volatility (6M) Calculated over the trailing 6-month period	40.94%	17.32%	+23.62%
Volatility (1Y) Calculated over the trailing 1-year period	63.03%	22.53%	+40.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.70%	20.64%	+51.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.69%	22.96%	+63.73%

Dividends

NIO vs. MO - Dividend Comparison

NIO has not paid dividends to shareholders, while MO's dividend yield for the trailing twelve months is around 5.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MO Altria Group, Inc.	5.89%	7.21%	7.65%	9.52%	8.05%	7.43%	8.29%	6.57%	6.07%	3.56%	3.48%	3.73%
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. MO - Profitability Comparison

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

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%.

MO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a gross profit of 3.51B and revenue of 5.43B. Therefore, the gross margin over that period was 64.6%.

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%.

MO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported an operating income of 2.96B and revenue of 5.43B, resulting in an operating margin of 54.5%.

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%.

MO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Altria Group, Inc. reported a net income of 2.18B and revenue of 5.43B, resulting in a net margin of 40.2%.

Frequently Asked Questions

Can I hold both NIO and MO in my portfolio?

NIO and MO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NIO or MO?

NIO has higher volatility (19.67%) compared to MO (6.69%). In terms of maximum drawdown, NIO dropped -95.00% vs MO's -65.43%.

Which has better risk-adjusted returns?

MO currently has the higher Sharpe Ratio (1.29 vs 0.80), 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.