RIVN vs. NKLA

Last updated Apr 1, 2026

Compare and contrast key facts about Rivian Automotive, Inc. (RIVN) and Nikola Corporation (NKLA).

Performance

RIVN vs. NKLA - Performance Comparison

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

RIVN vs. NKLA - Yearly Performance Comparison

	2026 (YTD)
RIVN Rivian Automotive, Inc.	1.69%
NKLA Nikola Corporation	0.00%

Fundamentals

Total Revenue (TTM) RIVN : $5.39B NKLA : $68.86M
Gross Profit (TTM) RIVN : $71.00M NKLA : -$254.24M
EBITDA (TTM) RIVN : -$2.69B NKLA : -$887.58M

Returns By Period

RIVN

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

NKLA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

RIVN vs. NKLA — 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

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. NKLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) and Nikola Corporation (NKLA). 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	NKLA	Difference
Sharpe ratio Return per unit of total volatility	0.32	—	—
Sortino ratio Return per unit of downside risk	1.09	—	—
Omega ratio Gain probability vs. loss probability	1.12	—	—
Calmar ratio Return relative to maximum drawdown	0.55	—	—
Martin ratio Return relative to average drawdown	1.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RIVN	NKLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	—	—

Dividends

RIVN vs. NKLA - Dividend Comparison

Neither RIVN nor NKLA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

RIVN vs. NKLA - Drawdown Comparison

The maximum RIVN drawdown since its inception was -95.12%, which is greater than NKLA's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RIVN and NKLA.

Drawdown Indicators

	RIVN	NKLA	Difference
Max Drawdown Largest peak-to-trough decline	-95.12%	0.00%	-95.12%
Max Drawdown (1Y) Largest decline over 1 year	-38.84%	—	—
Current Drawdown Current decline from peak	-91.25%	0.00%	-91.25%
Average Drawdown Average peak-to-trough decline	-86.19%	0.00%	-86.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.79%	—	—

Volatility

Volatility by Period

	RIVN	NKLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	64.67%	0.00%	+64.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.27%	0.00%	+78.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.27%	0.00%	+78.27%

Financials