NIO vs. VMC

Last updated Jun 6, 2026

NIO (NIO Inc.) and VMC (Vulcan Materials Company) are both stocks. NIO operates in Auto Manufacturers (Consumer Cyclical), while VMC operates in Building Materials (Basic Materials). Over the past 5 years, NIO returned -33.73%/yr vs 10.27%/yr for VMC. At a 0.21 correlation, their price movements are largely independent.

Performance

NIO vs. VMC - Performance Comparison

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

Returns By Period

In the year-to-date period, NIO achieves a 5.10% return, which is significantly higher than VMC's -0.96% return.

NIO

• 1D: -5.80%
• 1M: -9.15%
• YTD: 5.10%
• 6M: 6.35%
• 1Y: 48.07%
• 3Y*: -12.05%
• 5Y*: -33.73%
• 10Y*: —

VMC

• 1D: -0.59%
• 1M: -4.66%
• YTD: -0.96%
• 6M: -4.20%
• 1Y: 6.68%
• 3Y*: 12.31%
• 5Y*: 10.27%
• 10Y*: 10.11%

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

NIO vs. VMC - 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%
VMC Vulcan Materials Company	-0.96%	11.70%	14.12%	30.75%	-14.87%	41.09%	4.15%	47.13%	-9.00%

Correlation

The correlation between NIO and VMC is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018	0.21

The correlation between NIO and VMC shifts across timeframes, from 0.10 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS NIO : -$3.74 VMC : $11.24
PS Ratio NIO : 0.13 VMC : 3.47
Total Revenue (TTM) NIO : $100.51B VMC : $8.05B
Gross Profit (TTM) NIO : $15.77B VMC : $2.22B
EBITDA (TTM) NIO : -$7.54B VMC : $2.59B

Return for Risk

NIO vs. VMC — Risk / Return Rank

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

NIO

NIO Risk / Return Rank: 63
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

VMC

VMC Risk / Return Rank: 47
VMC Sharpe Ratio Rank: 51
VMC Sortino Ratio Rank: 43
VMC Omega Ratio Rank: 42
VMC Calmar Ratio Rank: 49
VMC Martin Ratio Rank: 50

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. VMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NIO Inc. (NIO) and Vulcan Materials Company (VMC). 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	VMC	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.27	+0.50
Sortino ratio: Return per unit of downside risk	1.51	0.52	+0.99
Omega ratio: Gain probability vs. loss probability	1.17	1.07	+0.10
Calmar ratio: Return relative to maximum drawdown	1.10	0.30	+0.80
Martin ratio: Return relative to average drawdown	1.98	0.76	+1.21
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. VMC - Sharpe Ratio Comparison

The current NIO Sharpe Ratio is 0.77, which is higher than the VMC Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of NIO and VMC, 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	VMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.27	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	0.40	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.36	-0.39

Drawdowns

NIO vs. VMC - Drawdown Comparison

The maximum NIO drawdown since its inception was -95.00%, which is greater than VMC's maximum drawdown of -76.02%. Use the drawdown chart below to compare losses from any high point for NIO and VMC.

Drawdown Indicators

	NIO	VMC	Difference
Max Drawdown Largest peak-to-trough decline	-95.00%	-76.02%	-18.98%
Max Drawdown (1Y) Largest decline over 1 year	-43.73%	-22.05%	-21.68%
Max Drawdown (3Y) Largest decline over 3 years	-79.69%	-24.43%	-55.26%
Max Drawdown (5Y) Largest decline over 5 years	-94.10%	-32.50%	-61.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.23%	—
Current Drawdown Current decline from peak	-91.47%	-14.50%	-76.97%
Average Drawdown Average peak-to-trough decline	-67.88%	-18.72%	-49.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.39%	8.76%	+15.63%

Volatility

NIO vs. VMC - Volatility Comparison

NIO Inc. (NIO) has a higher volatility of 19.56% compared to Vulcan Materials Company (VMC) at 7.43%. This indicates that NIO's price experiences larger fluctuations and is considered to be riskier than VMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIO	VMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.56%	7.43%	+12.13%
Volatility (6M) Calculated over the trailing 6-month period	41.15%	20.82%	+20.33%
Volatility (1Y) Calculated over the trailing 1-year period	62.99%	24.91%	+38.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.69%	26.03%	+45.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.71%	30.32%	+56.39%

Dividends

NIO vs. VMC - Dividend Comparison

NIO has not paid dividends to shareholders, while VMC's dividend yield for the trailing twelve months is around 0.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VMC Vulcan Materials Company	0.72%	0.69%	0.72%	0.76%	0.91%	0.71%	0.92%	0.86%	1.13%	0.78%	0.64%	0.42%

Financials

NIO vs. VMC - Profitability Comparison

The chart below illustrates the profitability comparison between NIO Inc. and Vulcan Materials Company 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%.

VMC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vulcan Materials Company reported a gross profit of 422.70M and revenue of 1.76B. Therefore, the gross margin over that period was 24.1%.

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%.

VMC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vulcan Materials Company reported an operating income of 265.40M and revenue of 1.76B, resulting in an operating margin of 15.1%.

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%.

VMC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vulcan Materials Company reported a net income of 165.50M and revenue of 1.76B, resulting in a net margin of 9.4%.

Frequently Asked Questions

Can I hold both NIO and VMC in my portfolio?

NIO and VMC have a correlation of 0.10, 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 VMC?

NIO has higher volatility (19.56%) compared to VMC (7.43%). In terms of maximum drawdown, NIO dropped -95.00% vs VMC's -76.02%.

Which has better risk-adjusted returns?

NIO currently has the higher Sharpe Ratio (0.77 vs 0.27), 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.