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.
Performance
NKLA vs. ^SP500TR - Performance Comparison
Returns By Period
In the year-to-date period, NKLA achieves a -91.09% return, which is significantly lower than ^SP500TR's 24.56% return.
NKLA
-91.09%
-43.75%
-85.42%
-92.35%
-62.36%
N/A
^SP500TR
24.56%
0.19%
11.42%
31.86%
15.35%
13.16%
Key characteristics
| NKLA | ^SP500TR | |
|---|---|---|
| Sharpe Ratio | -0.91 | 2.63 |
| Sortino Ratio | -2.61 | 3.52 |
| Omega Ratio | 0.70 | 1.49 |
| Calmar Ratio | -0.93 | 3.81 |
| Martin Ratio | -1.61 | 17.22 |
| Ulcer Index | 57.63% | 1.87% |
| Daily Std Dev | 101.72% | 12.25% |
| Max Drawdown | -99.90% | -55.25% |
| Current Drawdown | -99.90% | -2.14% |
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Correlation
The correlation between NKLA and ^SP500TR 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. ^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 -99.90%, 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 43.41% compared to S&P 500 Total Return (^SP500TR) at 4.05%. 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.