NKLA vs. ^SP500TR

Last updated Jul 14, 2026

NKLA (Nikola Corporation) is a stock, while ^SP500TR (S&P 500 Total Return) is an index.

Performance

NKLA vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nikola Corporation (NKLA) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NKLA

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^SP500TR

• 1D: -0.79%
• 1M: 1.22%
• 6M: 8.34%
• YTD: 10.48%
• 1Y: 21.50%
• 3Y*: 20.20%
• 5Y*: 13.05%
• 10Y*: 15.18%

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

NKLA vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)
NKLA Nikola Corporation	0.00%
^SP500TR S&P 500 Total Return	11.14%

Return for Risk

NKLA vs. ^SP500TR — Risk / Return Rank

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

NKLA

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

^SP500TR

^SP500TR Risk / Return Rank: 83
^SP500TR Sharpe Ratio Rank: 80
^SP500TR Sortino Ratio Rank: 83
^SP500TR Omega Ratio Rank: 84
^SP500TR Calmar Ratio Rank: 78
^SP500TR Martin Ratio Rank: 87

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.

NKLA vs. ^SP500TR - Risk-Adjusted Trends 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.

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.

	NKLA	^SP500TR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.72	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.43	—
Martin ratio: Return relative to average drawdown	—	10.66	—

Drawdowns

NKLA vs. ^SP500TR - Drawdown Comparison

The maximum NKLA drawdown since its inception was 0.00%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for NKLA and ^SP500TR.

Drawdown Indicators

	NKLA	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-55.25%	+55.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	0.00%	-1.11%	+1.11%
Average Drawdown Average peak-to-trough decline	0.00%	-8.15%	+8.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	NKLA	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	12.57%	-12.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	17.01%	-17.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	18.05%	-18.05%