SNDL vs. NIO
SNDL (Sundial Growers Inc.) and NIO (NIO Inc.) are both stocks. SNDL operates in Drug Manufacturers - Specialty & Generic (Healthcare), while NIO operates in Auto Manufacturers (Consumer Cyclical). Over the past 5 years, SNDL returned -31.66%/yr vs -35.78%/yr for NIO. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
SNDL vs. NIO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SNDL achieves a -25.90% return, which is significantly lower than NIO's -4.31% return.
SNDL
- 1D
- -1.60%
- 1M
- -10.55%
- 6M
- -20.13%
- YTD
- -25.90%
- 1Y
- -25.45%
- 3Y*
- -8.30%
- 5Y*
- -31.66%
- 10Y*
- —
- ALL TIME*
- -48.63%
NIO
- 1D
- 0.83%
- 1M
- 1.88%
- 6M
- 3.83%
- YTD
- -4.31%
- 1Y
- -2.59%
- 3Y*
- -30.65%
- 5Y*
- -35.78%
- 10Y*
- —
- ALL TIME*
- -2.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NIO NIO Inc. | $108.54M | $112.03M | $170.52M |
| $2.52M | $2.41M | $2.77M |
SNDL vs. NIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SNDL Sundial Growers Inc. | -25.90% | -7.26% | 9.15% | -21.53% | -63.86% | 22.13% | -84.27% | -76.88% |
NIO NIO Inc. | -4.31% | 16.97% | -51.93% | -6.97% | -69.22% | -35.00% | 1,112.44% | 15.85% |
Correlation
The correlation between SNDL and NIO is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019 | 0.31 |
The correlation between SNDL and NIO shifts across timeframes, from 0.15 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SNDL:
$320.17M
NIO:
$12.11B
SNDL:
-CA$0.08
NIO:
-CN¥3.65
SNDL:
0.48
NIO:
0.81
SNDL:
0.42
NIO:
18.83
SNDL:
CA$928.39M
NIO:
CN¥100.51B
SNDL:
CA$243.57M
NIO:
CN¥15.77B
SNDL:
CA$37.40M
NIO:
-CN¥7.54B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SNDL vs. NIO — Risk / Return Rank
SNDL
NIO
SNDL vs. NIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sundial Growers Inc. (SNDL) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SNDL | NIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.05 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.00 | -0.50 |
| Martin ratioReturn relative to average drawdown | -0.71 | 0.01 | -0.72 |
Loading charts...
Drawdowns
SNDL vs. NIO - Drawdown Comparison
The maximum SNDL drawdown since its inception was -99.08%, roughly equal to the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for SNDL and NIO.
Loading charts...
Drawdown Indicators
| SNDL | NIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.08% | -95.00% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -57.37% | -43.73% | -13.64% |
Max Drawdown (3Y)Largest decline over 3 years | -57.37% | -78.81% | +21.44% |
Max Drawdown (5Y)Largest decline over 5 years | -86.96% | -93.11% | +6.15% |
Current DrawdownCurrent decline from peak | -99.06% | -92.23% | -6.83% |
Average DrawdownAverage peak-to-trough decline | -94.51% | -68.31% | -26.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.15% | 28.31% | +11.84% |
Volatility
SNDL vs. NIO - Volatility Comparison
Sundial Growers Inc. (SNDL) has a higher volatility of 15.34% compared to NIO Inc. (NIO) at 10.44%. This indicates that SNDL's price experiences larger fluctuations and is considered to be riskier than NIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SNDL | NIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.34% | 10.44% | +4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 32.46% | 39.90% | -7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.86% | 60.88% | +5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.17% | 71.11% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.04% | 86.06% | +27.98% |
Dividends
SNDL vs. NIO - Dividend Comparison
Neither SNDL nor NIO has paid dividends to shareholders.
Financials
SNDL vs. NIO - Financials Comparison
This section allows you to compare key financial metrics between Sundial Growers Inc. and NIO Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SNDL vs. NIO - Profitability Comparison
SNDL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Sundial Growers Inc. reported a gross profit of 56.35M and revenue of 235.77M. Therefore, the gross margin over that period was 23.9%.
NIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, NIO Inc. reported a gross profit of 4.86B and revenue of 25.53B. Therefore, the gross margin over that period was 19.0%.
SNDL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Sundial Growers Inc. reported an operating income of -5.45M and revenue of 235.77M, resulting in an operating margin of -2.3%.
NIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, NIO Inc. reported an operating income of -308.81M and revenue of 25.53B, resulting in an operating margin of -1.2%.
SNDL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Sundial Growers Inc. reported a net income of -7.82M and revenue of 235.77M, resulting in a net margin of -3.3%.
NIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, NIO Inc. reported a net income of -496.01M and revenue of 25.53B, resulting in a net margin of -1.9%.
Frequently Asked Questions
SNDL and NIO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDL has higher volatility (15.34%) compared to NIO (10.44%). In terms of maximum drawdown, SNDL dropped -99.08% vs NIO's -95.00%.
NIO currently has the higher Sharpe Ratio (0.00 vs -0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SNDL and NIO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer