NKE vs. UA
NKE (NIKE, Inc.) and UA (Under Armour, Inc.) are both stocks. Both are in the Consumer Cyclical sector — NKE in Footwear & Accessories, UA in Apparel Manufacturing. Over the past 10 years, NKE returned -1.37%/yr vs -15.36%/yr for UA. Their 0.56 correlation means they have sometimes moved together and sometimes differently.
Performance
NKE vs. UA - Performance Comparison
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Returns By Period
In the year-to-date period, NKE achieves a -33.51% return, which is significantly lower than UA's 35.21% return. Over the past 10 years, NKE has outperformed UA with an annualized return of -1.37%, while UA has yielded a comparatively lower -15.36% annualized return.
NKE
- 1D
- -1.37%
- 1M
- -5.40%
- 6M
- -31.46%
- YTD
- -33.51%
- 1Y
- -42.57%
- 3Y*
- -25.96%
- 5Y*
- -23.01%
- 10Y*
- -1.37%
- ALL TIME*
- 13.91%
UA
- 1D
- -2.84%
- 1M
- 0.15%
- 6M
- 6.92%
- YTD
- 35.21%
- 1Y
- 4.85%
- 3Y*
- -3.76%
- 5Y*
- -18.01%
- 10Y*
- -15.36%
- ALL TIME*
- -16.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NKE NIKE, Inc. | $770.61M | $804.55M | $1.00B |
| $14.86M | $16.70M | $19.18M |
NKE vs. UA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NKE NIKE, Inc. | -33.51% | -13.83% | -29.11% | -6.01% | -29.04% | 18.70% | 40.97% | 38.09% | 19.87% | 24.70% |
UA Under Armour, Inc. | 35.21% | -35.66% | -10.66% | -6.39% | -50.55% | 21.24% | -22.42% | 18.61% | 21.40% | -47.08% |
Correlation
The correlation between NKE and UA is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2016 | 0.56 |
The correlation between NKE and UA shifts across timeframes, from 0.49 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NKE:
$61.72B
UA:
$2.77B
NKE:
$2.10
UA:
-$1.16
NKE:
1.33
UA:
0.56
NKE:
1.61
UA:
1.95
NKE:
$46.40B
UA:
$4.97B
NKE:
$19.91B
UA:
$2.26B
NKE:
$3.21B
UA:
-$86.93M
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Return for Risk
NKE vs. UA — Risk / Return Rank
NKE
UA
NKE vs. UA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NIKE, Inc. (NKE) and Under Armour, Inc. (UA). 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.
| NKE | UA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.06 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.08 | -0.99 |
| Martin ratioReturn relative to average drawdown | -1.47 | 0.13 | -1.59 |
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Drawdowns
NKE vs. UA - Drawdown Comparison
The maximum NKE drawdown since its inception was -75.19%, smaller than the maximum UA drawdown of -91.34%. Use the drawdown chart below to compare losses from any high point for NKE and UA.
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Drawdown Indicators
| NKE | UA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.19% | -91.34% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -47.12% | -38.12% | -9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -64.87% | -60.16% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -75.10% | -82.50% | +7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -75.10% | -89.92% | +14.82% |
Current DrawdownCurrent decline from peak | -74.52% | -85.81% | +11.29% |
Average DrawdownAverage peak-to-trough decline | -21.08% | -69.40% | +48.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.10% | 24.15% | +4.95% |
Volatility
NKE vs. UA - Volatility Comparison
The current volatility for NIKE, Inc. (NKE) is 9.03%, while Under Armour, Inc. (UA) has a volatility of 14.06%. This indicates that NKE experiences smaller price fluctuations and is considered to be less risky than UA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NKE | UA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.03% | 14.06% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 27.78% | 42.95% | -15.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.45% | 53.75% | -18.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.54% | 50.65% | -15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.44% | 50.46% | -18.02% |
Dividends
NKE vs. UA - Dividend Comparison
NKE's dividend yield for the trailing twelve months is around 3.91%, while UA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NKE NIKE, Inc. | 3.91% | 2.53% | 2.00% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 0.93% |
UA Under Armour, 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
NKE vs. UA - Financials Comparison
This section allows you to compare key financial metrics between NIKE, Inc. and Under Armour, 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
NKE vs. UA - Profitability Comparison
NKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, NIKE, Inc. reported a gross profit of 5.39B and revenue of 10.97B. Therefore, the gross margin over that period was 49.2%.
UA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Under Armour, Inc. reported a gross profit of 465.14M and revenue of 1.15B. Therefore, the gross margin over that period was 40.3%.
NKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, NIKE, Inc. reported an operating income of 1.31B and revenue of 10.97B, resulting in an operating margin of 12.0%.
UA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Under Armour, Inc. reported an operating income of -33.70M and revenue of 1.15B, resulting in an operating margin of -2.9%.
NKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, NIKE, Inc. reported a net income of 1.07B and revenue of 10.97B, resulting in a net margin of 9.7%.
UA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Under Armour, Inc. reported a net income of -43.39M and revenue of 1.15B, resulting in a net margin of -3.8%.
Frequently Asked Questions
NKE and UA have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UA has higher volatility (14.06%) compared to NKE (9.03%). In terms of maximum drawdown, NKE dropped -75.19% vs UA's -91.34%.
UA currently has the higher Sharpe Ratio (0.06 vs -1.21), 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.
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