NKLA vs. SPY
Compare and contrast key facts about Nikola Corporation (NKLA) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NKLA or SPY.
Performance
NKLA vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, NKLA achieves a -92.30% return, which is significantly lower than SPY's 24.91% return.
NKLA
-92.30%
-47.12%
-87.22%
-93.53%
-63.52%
N/A
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| NKLA | SPY | |
|---|---|---|
| Sharpe Ratio | -0.91 | 2.67 |
| Sortino Ratio | -2.68 | 3.56 |
| Omega Ratio | 0.69 | 1.50 |
| Calmar Ratio | -0.93 | 3.85 |
| Martin Ratio | -1.61 | 17.38 |
| Ulcer Index | 57.93% | 1.86% |
| Daily Std Dev | 102.62% | 12.17% |
| Max Drawdown | -99.92% | -55.19% |
| Current Drawdown | -99.92% | -1.77% |
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Correlation
The correlation between NKLA and SPY is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
NKLA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and SPDR S&P 500 ETF (SPY). 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.
Dividends
NKLA vs. SPY - Dividend Comparison
NKLA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NKLA vs. SPY - Drawdown Comparison
The maximum NKLA drawdown since its inception was -99.92%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NKLA and SPY. For additional features, visit the drawdowns tool.
Volatility
NKLA vs. SPY - Volatility Comparison
Nikola Corporation (NKLA) has a higher volatility of 45.07% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that NKLA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.