NKLA vs. ^SP500TR
Compare and contrast key facts about Nikola Corporation (NKLA) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NKLA or ^SP500TR.
Correlation
The correlation between NKLA and ^SP500TR is 0.25, 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.
Performance
NKLA vs. ^SP500TR - Performance Comparison
Key characteristics
NKLA:
-0.48
^SP500TR:
-0.08
NKLA:
-2.56
^SP500TR:
-0.00
NKLA:
0.68
^SP500TR:
1.00
NKLA:
-0.99
^SP500TR:
-0.08
NKLA:
-1.23
^SP500TR:
-0.39
NKLA:
80.74%
^SP500TR:
3.31%
NKLA:
205.94%
^SP500TR:
15.95%
NKLA:
-100.00%
^SP500TR:
-55.25%
NKLA:
-99.99%
^SP500TR:
-17.26%
Returns By Period
In the year-to-date period, NKLA achieves a -87.90% return, which is significantly lower than ^SP500TR's -13.42% return.
NKLA
-87.90%
5.49%
-97.14%
-99.53%
-78.83%
N/A
^SP500TR
-13.42%
-11.96%
-11.19%
-1.18%
15.63%
11.28%
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Risk-Adjusted Performance
NKLA vs. ^SP500TR — Risk-Adjusted Performance Rank
NKLA
^SP500TR
NKLA vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
NKLA vs. ^SP500TR - Drawdown Comparison
The maximum NKLA drawdown since its inception was -100.00%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for NKLA and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
NKLA vs. ^SP500TR - Volatility Comparison
Nikola Corporation (NKLA) has a higher volatility of 111.60% compared to S&P 500 Total Return (^SP500TR) at 9.30%. This indicates that NKLA's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.