SPCE vs. NKLA

Last updated Apr 1, 2026

Compare and contrast key facts about Virgin Galactic Holdings, Inc. (SPCE) and Nikola Corporation (NKLA).

Performance

SPCE vs. NKLA - Performance Comparison

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

SPCE vs. NKLA - Yearly Performance Comparison

	2026 (YTD)
SPCE Virgin Galactic Holdings, Inc.	-3.95%
NKLA Nikola Corporation	0.00%

Fundamentals

Total Revenue (TTM) SPCE : $1.54M NKLA : $68.86M
Gross Profit (TTM) SPCE : -$57.41M NKLA : -$254.24M
EBITDA (TTM) SPCE : -$255.68M NKLA : -$887.58M

Returns By Period

SPCE

• 1D: 11.98%
• 1M: -4.71%
• YTD: -24.30%
• 6M: -37.05%
• 1Y: -19.80%
• 3Y*: -68.93%
• 5Y*: -66.94%
• 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

SPCE vs. NKLA — Risk / Return Rank

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

SPCE

SPCE Risk / Return Rank: 33
SPCE Sharpe Ratio Rank: 31
SPCE Sortino Ratio Rank: 37
SPCE Omega Ratio Rank: 35
SPCE Calmar Ratio Rank: 32
SPCE Martin Ratio Rank: 33

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.

SPCE vs. NKLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virgin Galactic Holdings, Inc. (SPCE) 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.

	SPCE	NKLA	Difference
Sharpe ratio Return per unit of total volatility	-0.23	—	—
Sortino ratio Return per unit of downside risk	0.25	—	—
Omega ratio Gain probability vs. loss probability	1.03	—	—
Calmar ratio Return relative to maximum drawdown	-0.35	—	—
Martin ratio Return relative to average drawdown	-0.61	—	—
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

	SPCE	NKLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	—	—

Dividends

SPCE vs. NKLA - Dividend Comparison

Neither SPCE nor NKLA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SPCE vs. NKLA - Drawdown Comparison

The maximum SPCE drawdown since its inception was -99.82%, which is greater than NKLA's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SPCE and NKLA.

Drawdown Indicators

	SPCE	NKLA	Difference
Max Drawdown Largest peak-to-trough decline	-99.82%	0.00%	-99.82%
Max Drawdown (1Y) Largest decline over 1 year	-54.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.81%	—	—
Current Drawdown Current decline from peak	-99.80%	0.00%	-99.80%
Average Drawdown Average peak-to-trough decline	-77.89%	0.00%	-77.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.48%	—	—

Volatility

Volatility by Period

	SPCE	NKLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	51.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	85.71%	0.00%	+85.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.98%	0.00%	+91.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.83%	0.00%	+95.83%

Financials