NKLA vs. ^SP500TR
Compare and contrast key facts about Nikola Corporation (NKLA) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NKLA or ^SP500TR.
Correlation
The correlation between NKLA and ^SP500TR is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NKLA vs. ^SP500TR - Performance Comparison
Key characteristics
NKLA:
-0.96
^SP500TR:
2.23
NKLA:
-3.19
^SP500TR:
2.97
NKLA:
0.64
^SP500TR:
1.42
NKLA:
-0.95
^SP500TR:
3.31
NKLA:
-1.51
^SP500TR:
14.64
NKLA:
63.29%
^SP500TR:
1.91%
NKLA:
99.45%
^SP500TR:
12.52%
NKLA:
-99.95%
^SP500TR:
-55.25%
NKLA:
-99.95%
^SP500TR:
-2.57%
Returns By Period
In the year-to-date period, NKLA achieves a -95.50% return, which is significantly lower than ^SP500TR's 26.03% return.
NKLA
-95.50%
-38.22%
-88.98%
-95.26%
-67.23%
N/A
^SP500TR
26.03%
0.36%
9.25%
26.67%
14.81%
13.10%
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Risk-Adjusted Performance
NKLA vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
NKLA vs. ^SP500TR - Drawdown Comparison
The maximum NKLA drawdown since its inception was -99.95%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for NKLA and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
NKLA vs. ^SP500TR - Volatility Comparison
Nikola Corporation (NKLA) has a higher volatility of 29.49% compared to S&P 500 Total Return (^SP500TR) at 3.79%. This indicates that NKLA's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.