RIVN vs. NIO

Last updated Apr 1, 2026

Compare and contrast key facts about Rivian Automotive, Inc. (RIVN) and NIO Inc. (NIO).

Performance

RIVN vs. NIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rivian Automotive, Inc. (RIVN) and NIO Inc. (NIO). The values are adjusted to include any dividend payments, if applicable.

RIVN vs. NIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RIVN Rivian Automotive, Inc.	-23.64%	48.20%	-43.31%	27.29%	-82.23%	2.94%
NIO NIO Inc.	18.24%	16.97%	-51.93%	-6.97%	-69.22%	-19.90%

Fundamentals

Market Cap RIVN : $18.56B NIO : $15.14B
EPS RIVN : -$3.03 NIO : -$6.45
PS Ratio RIVN : 3.36 NIO : 0.17
PB Ratio RIVN : 4.04 NIO : 3.64
Total Revenue (TTM) RIVN : $5.39B NIO : $87.01B
Gross Profit (TTM) RIVN : $71.00M NIO : $11.83B
EBITDA (TTM) RIVN : -$2.69B NIO : -$13.94B

Returns By Period

In the year-to-date period, RIVN achieves a -23.64% return, which is significantly lower than NIO's 18.24% return.

RIVN

• 1D: 3.86%
• 1M: -1.83%
• YTD: -23.64%
• 6M: 2.52%
• 1Y: 20.88%
• 3Y*: -0.93%
• 5Y*: —
• 10Y*: —

NIO

• 1D: 9.44%
• 1M: 23.82%
• YTD: 18.24%
• 6M: -20.87%
• 1Y: 58.27%
• 3Y*: -16.91%
• 5Y*: -31.39%
• 10Y*: —

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

Return for Risk

RIVN vs. NIO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RIVN

RIVN Risk / Return Rank: 55
RIVN Sharpe Ratio Rank: 54
RIVN Sortino Ratio Rank: 59
RIVN Omega Ratio Rank: 53
RIVN Calmar Ratio Rank: 56
RIVN Martin Ratio Rank: 53

NIO

NIO Risk / Return Rank: 70
NIO Sharpe Ratio Rank: 74
NIO Sortino Ratio Rank: 73
NIO Omega Ratio Rank: 66
NIO Calmar Ratio Rank: 70
NIO Martin Ratio Rank: 66

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.

RIVN vs. NIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) and NIO Inc. (NIO). 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.

	RIVN	NIO	Difference
Sharpe ratio Return per unit of total volatility	0.32	0.94	-0.62
Sortino ratio Return per unit of downside risk	1.09	1.70	-0.61
Omega ratio Gain probability vs. loss probability	1.12	1.19	-0.07
Calmar ratio Return relative to maximum drawdown	0.55	1.39	-0.84
Martin ratio Return relative to average drawdown	1.02	2.62	-1.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIVN vs. NIO - Sharpe Ratio Comparison

The current RIVN Sharpe Ratio is 0.32, which is lower than the NIO Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of RIVN and NIO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RIVN	NIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	0.94	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.01	-0.44

Correlation

The correlation between RIVN and NIO is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RIVN vs. NIO - Dividend Comparison

Neither RIVN nor NIO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

RIVN vs. NIO - Drawdown Comparison

The maximum RIVN drawdown since its inception was -95.12%, roughly equal to the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for RIVN and NIO.

Drawdown Indicators

	RIVN	NIO	Difference
Max Drawdown Largest peak-to-trough decline	-95.12%	-95.00%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-38.84%	-43.73%	+4.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-94.10%	—
Current Drawdown Current decline from peak	-91.25%	-90.40%	-0.85%
Average Drawdown Average peak-to-trough decline	-86.19%	-67.33%	-18.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.79%	23.22%	-2.43%

Volatility

RIVN vs. NIO - Volatility Comparison

The current volatility for Rivian Automotive, Inc. (RIVN) is 17.47%, while NIO Inc. (NIO) has a volatility of 23.92%. This indicates that RIVN experiences smaller price fluctuations and is considered to be less risky than NIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIVN	NIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.47%	23.92%	-6.45%
Volatility (6M) Calculated over the trailing 6-month period	52.40%	40.46%	+11.94%
Volatility (1Y) Calculated over the trailing 1-year period	64.67%	62.25%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.27%	71.67%	+6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.27%	87.26%	-8.99%

Financials

RIVN vs. NIO - Profitability Comparison

The chart below illustrates the profitability comparison between Rivian Automotive, Inc. and NIO Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RIVN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Rivian Automotive, Inc. reported a gross profit of 120.00M and revenue of 1.29B. Therefore, the gross margin over that period was 9.3%.

NIO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a gross profit of 5.99B and revenue of 34.17B. Therefore, the gross margin over that period was 17.5%.

RIVN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Rivian Automotive, Inc. reported an operating income of -833.00M and revenue of 1.29B, resulting in an operating margin of -64.8%.

NIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported an operating income of 503.67M and revenue of 34.17B, resulting in an operating margin of 1.5%.

RIVN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Rivian Automotive, Inc. reported a net income of -811.00M and revenue of 1.29B, resulting in a net margin of -63.1%.

NIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a net income of 280.15M and revenue of 34.17B, resulting in a net margin of 0.8%.