NIO vs. RIVN
NIO (NIO Inc.) and RIVN (Rivian Automotive, Inc.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 3 years, NIO returned -15.70%/yr vs 3.73%/yr for RIVN. At a 0.48 correlation, their price movements are largely independent.
Performance
NIO vs. RIVN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NIO achieves a -0.98% return, which is significantly higher than RIVN's -23.39% return.
NIO
- 1D
- 0.60%
- 1M
- -2.88%
- YTD
- -0.98%
- 6M
- 1.00%
- 1Y
- 48.09%
- 3Y*
- -15.70%
- 5Y*
- -35.55%
- 10Y*
- —
RIVN
- 1D
- -8.60%
- 1M
- 6.19%
- YTD
- -23.39%
- 6M
- -30.57%
- 1Y
- 11.27%
- 3Y*
- 3.73%
- 5Y*
- —
- 10Y*
- —
NIO vs. RIVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NIO NIO Inc. | -0.98% | 16.97% | -51.93% | -6.97% | -69.22% | -22.05% |
RIVN Rivian Automotive, Inc. | -23.39% | 48.20% | -43.31% | 27.29% | -82.23% | -2.87% |
Correlation
The correlation between NIO and RIVN is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.48 |
Over the past year, the correlation between NIO and RIVN has dropped to 0.19 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
Fundamentals
NIO:
$12.53B
RIVN:
$18.86B
NIO:
-CN¥3.74
RIVN:
-$2.90
NIO:
0.82
RIVN:
3.32
NIO:
19.54
RIVN:
4.26
NIO:
CN¥100.51B
RIVN:
$5.53B
NIO:
CN¥15.77B
RIVN:
$57.00M
NIO:
-CN¥7.54B
RIVN:
-$3.18B
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. RIVN — Risk / Return Rank
NIO
RIVN
NIO vs. RIVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NIO Inc. (NIO) and Rivian Automotive, Inc. (RIVN). 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.
| NIO | RIVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.09 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.27 | +0.84 |
| Martin ratioReturn relative to average drawdown | 1.91 | 0.51 | +1.40 |
Loading charts...
Drawdowns
NIO vs. RIVN - Drawdown Comparison
The maximum NIO drawdown since its inception was -95.00%, roughly equal to the maximum RIVN drawdown of -95.12%. Use the drawdown chart below to compare losses from any high point for NIO and RIVN.
Loading charts...
Drawdown Indicators
| NIO | RIVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.00% | -95.12% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -43.73% | -42.54% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -79.69% | -69.61% | -10.08% |
Max Drawdown (5Y)Largest decline over 5 years | -94.10% | — | — |
Current DrawdownCurrent decline from peak | -91.96% | -91.22% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -67.96% | -86.35% | +18.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.23% | 21.98% | +3.25% |
Volatility
NIO vs. RIVN - Volatility Comparison
The current volatility for NIO Inc. (NIO) is 17.04%, while Rivian Automotive, Inc. (RIVN) has a volatility of 23.26%. This indicates that NIO experiences smaller price fluctuations and is considered to be less risky than RIVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NIO | RIVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.04% | 23.26% | -6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 41.01% | 48.94% | -7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.76% | 66.07% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.60% | 77.52% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.56% | 77.52% | +9.04% |
Dividends
NIO vs. RIVN - Dividend Comparison
Neither NIO nor RIVN has paid dividends to shareholders.
Financials
NIO vs. RIVN - Financials Comparison
This section allows you to compare key financial metrics between NIO Inc. and Rivian Automotive, 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. RIVN - 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%.
RIVN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported a gross profit of 119.00M and revenue of 1.38B. Therefore, the gross margin over that period was 8.6%.
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%.
RIVN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported an operating income of -881.00M and revenue of 1.38B, resulting in an operating margin of -63.8%.
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%.
RIVN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported a net income of -416.00M and revenue of 1.38B, resulting in a net margin of -30.1%.
Frequently Asked Questions
NIO and RIVN have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIVN has higher volatility (23.26%) compared to NIO (17.04%). In terms of maximum drawdown, NIO dropped -95.00% vs RIVN's -95.12%.
NIO currently has the higher Sharpe Ratio (0.77 vs 0.17), 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 RIVN
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