NKLA vs. PLUG

Last updated Jun 13, 2026

NKLA (Nikola Corporation) and PLUG (Plug Power Inc.) are both stocks. NKLA operates in Auto Manufacturers (Consumer Cyclical), while PLUG operates in Electrical Equipment & Parts (Industrials).

Performance

NKLA vs. PLUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nikola Corporation (NKLA) and Plug Power Inc. (PLUG). 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*: —

PLUG

• 1D: -2.47%
• 1M: -26.98%
• YTD: 40.10%
• 6M: 18.97%
• 1Y: 113.95%
• 3Y*: -36.75%
• 5Y*: -38.69%
• 10Y*: 4.78%

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

NKLA vs. PLUG - Yearly Performance Comparison

	2026 (YTD)
NKLA Nikola Corporation	0.00%
PLUG Plug Power Inc.	48.39%

Fundamentals

Total Revenue (TTM) NKLA : $68.86M PLUG : $739.76M
Gross Profit (TTM) NKLA : -$254.24M PLUG : -$189.79M
EBITDA (TTM) NKLA : -$887.58M PLUG : -$745.89M

Return for Risk

NKLA vs. PLUG — 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.

PLUG

PLUG Risk / Return Rank: 76
PLUG Sharpe Ratio Rank: 74
PLUG Sortino Ratio Rank: 81
PLUG Omega Ratio Rank: 75
PLUG Calmar Ratio Rank: 76
PLUG Martin Ratio Rank: 70

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. PLUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and Plug Power Inc. (PLUG). 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	PLUG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.05	—
Sortino ratio: Return per unit of downside risk	—	2.28	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.99	—
Martin ratio: Return relative to average drawdown	—	3.38	—

Drawdowns

NKLA vs. PLUG - Drawdown Comparison

The maximum NKLA drawdown since its inception was 0.00%, smaller than the maximum PLUG drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for NKLA and PLUG.

Drawdown Indicators

	NKLA	PLUG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-99.99%	+99.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-94.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-98.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.04%	—
Current Drawdown Current decline from peak	0.00%	-99.82%	+99.82%
Average Drawdown Average peak-to-trough decline	0.00%	-96.21%	+96.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	33.39%	—

Volatility

Volatility by Period

	NKLA	PLUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	108.06%	-108.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	94.54%	-94.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	89.47%	-89.47%

Dividends

NKLA vs. PLUG - Dividend Comparison

Neither NKLA nor PLUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials