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NKLA vs. APD
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

NKLA vs. APD

Last updated Jun 13, 2026

NKLA (Nikola Corporation) and APD (Air Products and Chemicals, Inc.) are both stocks. NKLA operates in Auto Manufacturers (Consumer Cyclical), while APD operates in Chemicals (Basic Materials).

Performance

NKLA vs. APD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nikola Corporation (NKLA) and Air Products and Chemicals, Inc. (APD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

NKLA

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

APD

1D
1.26%
1M
-4.66%
YTD
15.56%
6M
17.47%
1Y
3.14%
3Y*
2.22%
5Y*
1.21%
10Y*
9.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NKLA vs. APD - Yearly Performance Comparison

2026 (YTD)
NKLA
Nikola Corporation		0.00%
APD
Air Products and Chemicals, Inc.		-0.04%

Fundamentals

Total Revenue (TTM)

NKLA:

$68.86M

APD:

$12.46B

Gross Profit (TTM)

NKLA:

-$254.24M

APD:

$3.99B

EBITDA (TTM)

NKLA:

-$887.58M

APD:

$4.36B

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nikola Corporation

Air Products and Chemicals, Inc.

Often compared with NKLA:
NKLA vs. SPCENKLA vs. RIVNNKLA vs. BRK-BNKLA vs. SCHDNKLA vs. ^SP500TRNKLA vs. SCHGNKLA vs. VTSAX
Often compared with APD:
APD vs. LIN.DEAPD vs. EMNAPD vs. DOWAPD vs. CTVAAPD vs. MDTAPD vs. SCHDAPD vs. VOO

Return for Risk

NKLA vs. APD — 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.

APD
APD Risk / Return Rank: 4343
Overall Rank
APD Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
APD Sortino Ratio Rank: 3939
Sortino Ratio Rank
APD Omega Ratio Rank: 3939
Omega Ratio Rank
APD Calmar Ratio Rank: 4545
Calmar Ratio Rank
APD Martin Ratio Rank: 4545
Martin Ratio Rank
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. APD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and Air Products and Chemicals, Inc. (APD). 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.

NKLAAPDDifference
Sharpe ratioReturn per unit of total volatility

—

0.08

—

Sortino ratioReturn per unit of downside risk

—

0.31

—

Omega ratioGain probability vs. loss probability

—

1.04

—

Calmar ratioReturn relative to maximum drawdown

—

0.09

—

Martin ratioReturn relative to average drawdown

—

0.23

—

NKLA vs. APD - Sharpe Ratio Comparison

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Drawdowns

NKLA vs. APD - Drawdown Comparison

The maximum NKLA drawdown since its inception was 0.00%, smaller than the maximum APD drawdown of -60.30%. Use the drawdown chart below to compare losses from any high point for NKLA and APD.

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Drawdown Indicators

NKLAAPDDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-60.30%

+60.30%

Max Drawdown (1Y)

Largest decline over 1 year

—

-22.39%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-30.43%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-31.77%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.77%

—

Current Drawdown

Current decline from peak

0.00%

-13.94%

+13.94%

Average Drawdown

Average peak-to-trough decline

0.00%

-11.05%

+11.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

8.96%

—

Volatility

NKLA vs. APD - Volatility Comparison

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Volatility by Period

NKLAAPDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.42%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

16.03%

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

24.82%

-24.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

26.03%

-26.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

25.91%

-25.91%

Dividends

NKLA vs. APD - Dividend Comparison

NKLA has not paid dividends to shareholders, while APD's dividend yield for the trailing twelve months is around 2.55%.

PositionTTM20252024202320222021202020192018201720162015
APD
Air Products and Chemicals, Inc.		2.55%2.89%1.83%2.56%2.10%1.97%1.96%1.97%2.75%2.32%2.39%2.49%
NKLA
Nikola Corporation		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

NKLA vs. APD - Financials Comparison

This section allows you to compare key financial metrics between Nikola Corporation and Air Products and Chemicals, 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.001.00B2.00B3.00B4.00B20222023202420252026
4.87M
3.17B
(NKLA) Total Revenue
(APD) Total Revenue
Values in USD except per share items
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