NIO vs. SKX

Last updated Jun 13, 2026

NIO (NIO Inc.) and SKX (Skechers U.S.A., Inc.) are both stocks. Both are in the Consumer Cyclical sector — NIO in Auto Manufacturers, SKX in Footwear & Accessories. At a 0.25 correlation, their price movements are largely independent.

Performance

NIO vs. SKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NIO Inc. (NIO) and Skechers U.S.A., Inc. (SKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NIO

• 1D: -0.38%
• 1M: -14.59%
• YTD: 2.16%
• 6M: 3.58%
• 1Y: 48.43%
• 3Y*: -16.32%
• 5Y*: -35.22%
• 10Y*: —

SKX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIO vs. SKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NIO NIO Inc.	2.16%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	1,112.44%	-36.89%	6.17%
SKX Skechers U.S.A., Inc.	0.00%	-6.11%	7.86%	48.61%	-3.34%	20.76%	-16.79%	88.69%	-20.24%

Correlation

The correlation between NIO and SKX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018	0.25

Over the past year, the correlation between NIO and SKX has dropped to 0.01 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Fundamentals

Market Cap NIO : $12.93B SKX : $9.55B
EPS NIO : -CN¥3.74 SKX : $4.40
PS Ratio NIO : 0.85 SKX : 1.01
PB Ratio NIO : 20.18 SKX : 2.00
Total Revenue (TTM) NIO : CN¥100.51B SKX : $9.41B
Gross Profit (TTM) NIO : CN¥15.77B SKX : $4.96B
EBITDA (TTM) NIO : -CN¥7.54B SKX : $1.07B

Return for Risk

NIO vs. SKX — Risk / Return Rank

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

NIO

NIO Risk / Return Rank: 64
NIO Sharpe Ratio Rank: 66
NIO Sortino Ratio Rank: 66
NIO Omega Ratio Rank: 61
NIO Calmar Ratio Rank: 64
NIO Martin Ratio Rank: 60

SKX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NIO Inc. (NIO) and Skechers U.S.A., Inc. (SKX). 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	SKX	Difference
Sharpe ratio: Return per unit of total volatility	0.70	—	—
Sortino ratio: Return per unit of downside risk	1.43	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.01	—	—
Martin ratio: Return relative to average drawdown	1.78	—	—

Drawdowns

Drawdown Indicators

	NIO	SKX	Difference
Max Drawdown Largest peak-to-trough decline	-95.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-43.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-79.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.10%	—	—
Current Drawdown Current decline from peak	-91.71%	—	—
Average Drawdown Average peak-to-trough decline	-67.90%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	24.74%	—	—

Volatility

Volatility by Period

	NIO	SKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	62.74%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.66%	—	—

Dividends

NIO vs. SKX - Dividend Comparison

Neither NIO nor SKX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

NIO vs. SKX - Profitability Comparison

The chart below illustrates the profitability comparison between NIO Inc. and Skechers U.S.A., 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%.

SKX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Skechers U.S.A., Inc. reported a gross profit of 1.30B and revenue of 2.44B. Therefore, the gross margin over that period was 53.3%.

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%.

SKX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Skechers U.S.A., Inc. reported an operating income of 173.08M and revenue of 2.44B, resulting in an operating margin of 7.1%.

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%.

SKX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Skechers U.S.A., Inc. reported a net income of 170.50M and revenue of 2.44B, resulting in a net margin of 7.0%.

Frequently Asked Questions

Can I hold both NIO and SKX in my portfolio?

NIO and SKX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.