NKLA vs. IWC

Last updated Jun 3, 2026

NKLA (Nikola Corporation) is a stock, while IWC (iShares Micro-Cap ETF) is Small Cap Blend Equities fund tracking the Russell Microcap Index.

Performance

NKLA vs. IWC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nikola Corporation (NKLA) and iShares Micro-Cap ETF (IWC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NKLA

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

IWC

• 1D: -0.09%
• 1M: 5.14%
• YTD: 21.51%
• 6M: 25.02%
• 1Y: 61.79%
• 3Y*: 22.59%
• 5Y*: 5.97%
• 10Y*: 11.58%

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

NKLA vs. IWC - Yearly Performance Comparison

	2026 (YTD)
NKLA Nikola Corporation	0.00%
IWC iShares Micro-Cap ETF	13.48%

Return for Risk

NKLA vs. IWC — Risk / Return Rank

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

IWC

IWC Risk / Return Rank: 78
IWC Sharpe Ratio Rank: 80
IWC Sortino Ratio Rank: 75
IWC Omega Ratio Rank: 67
IWC Calmar Ratio Rank: 87
IWC Martin Ratio Rank: 81

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. IWC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and iShares Micro-Cap ETF (IWC). 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.

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

Sharpe Ratios by Period

	NKLA	IWC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.32	—

Drawdowns

NKLA vs. IWC - Drawdown Comparison

The maximum NKLA drawdown since its inception was 0.00%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for NKLA and IWC.

Drawdown Indicators

	NKLA	IWC	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-64.61%	+64.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.21%	—
Current Drawdown Current decline from peak	0.00%	-0.83%	+0.83%
Average Drawdown Average peak-to-trough decline	0.00%	-15.28%	+15.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.75%	—

Volatility

Volatility by Period

	NKLA	IWC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	23.52%	-23.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	24.40%	-24.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	24.42%	-24.42%

Dividends

NKLA vs. IWC - Dividend Comparison

NKLA has not paid dividends to shareholders, while IWC's dividend yield for the trailing twelve months is around 0.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWC iShares Micro-Cap ETF	0.89%	1.10%	1.06%	1.17%	1.18%	0.78%	0.98%	1.19%	1.01%	1.09%	1.16%	1.49%
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%