NIO vs. XPEV

Last updated Apr 1, 2026

Compare and contrast key facts about NIO Inc. (NIO) and XPeng Inc. (XPEV).

Performance

NIO vs. XPEV - Performance Comparison

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

NIO vs. XPEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NIO NIO Inc.	18.24%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	145.17%
XPEV XPeng Inc.	-15.63%	71.57%	-18.99%	46.78%	-80.25%	17.51%	101.84%

Fundamentals

Market Cap NIO : $15.14B XPEV : $8.28B
EPS NIO : -$6.45 XPEV : -$1.44
PS Ratio NIO : 0.17 XPEV : 0.18
PB Ratio NIO : 3.64 XPEV : 0.27
Total Revenue (TTM) NIO : $87.01B XPEV : $76.41B
Gross Profit (TTM) NIO : $11.83B XPEV : $14.41B
EBITDA (TTM) NIO : -$13.94B XPEV : -$2.18B

Returns By Period

In the year-to-date period, NIO achieves a 18.24% return, which is significantly higher than XPEV's -15.63% return.

NIO

• 1D: 9.44%
• 1M: 23.82%
• YTD: 18.24%
• 6M: -20.87%
• 1Y: 58.27%
• 3Y*: -16.91%
• 5Y*: -31.39%
• 10Y*: —

XPEV

• 1D: 2.33%
• 1M: -2.56%
• YTD: -15.63%
• 6M: -26.94%
• 1Y: -17.42%
• 3Y*: 15.48%
• 5Y*: -14.27%
• 10Y*: —

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

Return for Risk

NIO vs. XPEV — Risk / Return Rank

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

NIO

NIO Risk / Return Rank: 70
NIO Sharpe Ratio Rank: 74
NIO Sortino Ratio Rank: 73
NIO Omega Ratio Rank: 66
NIO Calmar Ratio Rank: 70
NIO Martin Ratio Rank: 66

XPEV

XPEV Risk / Return Rank: 31
XPEV Sharpe Ratio Rank: 29
XPEV Sortino Ratio Rank: 30
XPEV Omega Ratio Rank: 30
XPEV Calmar Ratio Rank: 33
XPEV Martin Ratio Rank: 33

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. XPEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NIO Inc. (NIO) and XPeng Inc. (XPEV). 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	XPEV	Difference
Sharpe ratio Return per unit of total volatility	0.94	-0.29	+1.23
Sortino ratio Return per unit of downside risk	1.70	-0.01	+1.71
Omega ratio Gain probability vs. loss probability	1.19	1.00	+0.19
Calmar ratio Return relative to maximum drawdown	1.39	-0.30	+1.69
Martin ratio Return relative to average drawdown	2.62	-0.60	+3.22
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. XPEV - Sharpe Ratio Comparison

The current NIO Sharpe Ratio is 0.94, which is higher than the XPEV Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of NIO and XPEV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NIO	XPEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	-0.29	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	-0.18	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.04	+0.03

Correlation

The correlation between NIO and XPEV is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NIO vs. XPEV - Dividend Comparison

Neither NIO nor XPEV has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NIO vs. XPEV - Drawdown Comparison

The maximum NIO drawdown since its inception was -95.00%, roughly equal to the maximum XPEV drawdown of -91.12%. Use the drawdown chart below to compare losses from any high point for NIO and XPEV.

Drawdown Indicators

	NIO	XPEV	Difference
Max Drawdown Largest peak-to-trough decline	-95.00%	-91.12%	-3.88%
Max Drawdown (1Y) Largest decline over 1 year	-43.73%	-43.46%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	-94.10%	-88.35%	-5.75%
Current Drawdown Current decline from peak	-90.40%	-76.29%	-14.11%
Average Drawdown Average peak-to-trough decline	-67.33%	-67.56%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.22%	21.80%	+1.42%

Volatility

NIO vs. XPEV - Volatility Comparison

NIO Inc. (NIO) has a higher volatility of 23.92% compared to XPeng Inc. (XPEV) at 19.88%. This indicates that NIO's price experiences larger fluctuations and is considered to be riskier than XPEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIO	XPEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.92%	19.88%	+4.04%
Volatility (6M) Calculated over the trailing 6-month period	40.46%	43.94%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	62.25%	61.50%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.67%	79.16%	-7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.26%	84.44%	+2.82%

Financials

NIO vs. XPEV - Profitability Comparison

The chart below illustrates the profitability comparison between NIO Inc. and XPeng 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 Apr 2026, NIO Inc. reported a gross profit of 5.99B and revenue of 34.17B. Therefore, the gross margin over that period was 17.5%.

XPEV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, XPeng Inc. reported a gross profit of 4.68B and revenue of 21.95B. Therefore, the gross margin over that period was 21.3%.

NIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported an operating income of 503.67M and revenue of 34.17B, resulting in an operating margin of 1.5%.

XPEV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, XPeng Inc. reported an operating income of -911.93M and revenue of 21.95B, resulting in an operating margin of -4.2%.

NIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a net income of 280.15M and revenue of 34.17B, resulting in a net margin of 0.8%.

XPEV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, XPeng Inc. reported a net income of 377.92M and revenue of 21.95B, resulting in a net margin of 1.7%.