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NKLA vs. SCHG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NKLA vs. SCHG

Last updated Jun 24, 2026

NKLA (Nikola Corporation) is a stock, while SCHG (Schwab U.S. Large-Cap Growth ETF) is Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index.

Performance

NKLA vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nikola Corporation (NKLA) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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*
—

SCHG

1D
-1.37%
1M
-3.93%
YTD
1.35%
6M
0.09%
1Y
17.91%
3Y*
22.13%
5Y*
13.27%
10Y*
18.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NKLA vs. SCHG - Yearly Performance Comparison

2026 (YTD)
NKLA
Nikola Corporation		0.00%
SCHG
Schwab U.S. Large-Cap Growth ETF		8.54%

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Nikola Corporation

Schwab U.S. Large-Cap Growth ETF

Often compared with NKLA:
NKLA vs. SPCENKLA vs. RIVNNKLA vs. BRK-BNKLA vs. SCHDNKLA vs. ^SP500TRNKLA vs. VTSAXNKLA vs. SPY
Often compared with SCHG:
SCHG vs. SCHDSCHG vs. QQQMSCHG vs. VOOSCHG vs. VUGSCHG vs. QQQSCHG vs. SPMOSCHG vs. SPYG

Return for Risk

NKLA vs. SCHG — 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.

SCHG
SCHG Risk / Return Rank: 2828
Overall Rank
SCHG Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
SCHG Sortino Ratio Rank: 3030
Sortino Ratio Rank
SCHG Omega Ratio Rank: 3030
Omega Ratio Rank
SCHG Calmar Ratio Rank: 2323
Calmar Ratio Rank
SCHG Martin Ratio Rank: 2727
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. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

NKLASCHGDifference
Sharpe ratioReturn per unit of total volatility

—

1.11

—

Sortino ratioReturn per unit of downside risk

—

1.56

—

Omega ratioGain probability vs. loss probability

—

1.20

—

Calmar ratioReturn relative to maximum drawdown

—

1.10

—

Martin ratioReturn relative to average drawdown

—

3.58

—

NKLA vs. SCHG - Sharpe Ratio Comparison

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Drawdowns

NKLA vs. SCHG - Drawdown Comparison

The maximum NKLA drawdown since its inception was 0.00%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for NKLA and SCHG.

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Drawdown Indicators

NKLASCHGDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-34.59%

+34.59%

Max Drawdown (1Y)

Largest decline over 1 year

—

-16.41%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-23.39%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-34.59%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.59%

—

Current Drawdown

Current decline from peak

0.00%

-6.46%

+6.46%

Average Drawdown

Average peak-to-trough decline

0.00%

-5.20%

+5.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.02%

—

Volatility

NKLA vs. SCHG - Volatility Comparison

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Volatility by Period

NKLASCHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.91%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

12.52%

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

16.24%

-16.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

22.38%

-22.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

21.58%

-21.58%

Dividends

NKLA vs. SCHG - Dividend Comparison

NKLA has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.38%.

PositionTTM20252024202320222021202020192018201720162015
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%
SCHG
Schwab U.S. Large-Cap Growth ETF		0.38%0.36%0.39%0.46%0.55%0.42%0.52%0.82%1.27%1.01%1.04%1.22%
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