UA vs. NKE
UA (Under Armour, Inc.) and NKE (NIKE, Inc.) are both stocks. Both are in the Consumer Cyclical sector — UA in Apparel Manufacturing, NKE in Footwear & Accessories. Over the past 10 years, UA returned -17.00%/yr vs -0.61%/yr for NKE. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
UA vs. NKE - Performance Comparison
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Returns By Period
In the year-to-date period, UA achieves a 10.42% return, which is significantly higher than NKE's -30.16% return. Over the past 10 years, UA has underperformed NKE with an annualized return of -17.00%, while NKE has yielded a comparatively higher -0.61% annualized return.
UA
- 1D
- 0.38%
- 1M
- -10.32%
- YTD
- 10.42%
- 6M
- 19.64%
- 1Y
- -13.68%
- 3Y*
- -9.37%
- 5Y*
- -22.55%
- 10Y*
- -17.00%
NKE
- 1D
- 0.18%
- 1M
- 2.58%
- YTD
- -30.16%
- 6M
- -32.22%
- 1Y
- -27.83%
- 3Y*
- -24.37%
- 5Y*
- -18.67%
- 10Y*
- -0.61%
UA vs. NKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UA Under Armour, Inc. | 10.42% | -35.66% | -10.66% | -6.39% | -50.55% | 21.24% | -22.42% | 18.61% | 21.40% | -47.08% |
NKE NIKE, Inc. | -30.16% | -13.83% | -29.11% | -6.01% | -29.04% | 18.70% | 40.97% | 38.09% | 19.87% | 24.70% |
Correlation
The correlation between UA and NKE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2016 | 0.57 |
The correlation between UA and NKE has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.
Fundamentals
UA:
$2.26B
NKE:
$64.86B
UA:
-$1.16
NKE:
$1.52
UA:
0.46
NKE:
1.39
UA:
1.60
NKE:
4.60
UA:
$4.97B
NKE:
$46.52B
UA:
$2.26B
NKE:
$18.99B
UA:
-$86.93M
NKE:
$3.33B
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Return for Risk
UA vs. NKE — Risk / Return Rank
UA
NKE
UA vs. NKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Under Armour, Inc. (UA) and NIKE, Inc. (NKE). 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.
| UA | NKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.88 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.60 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.53 | -1.19 | +0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UA | NKE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | -0.73 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | -0.52 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.34 | -0.02 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.41 | -0.78 |
Drawdowns
UA vs. NKE - Drawdown Comparison
The maximum UA drawdown since its inception was -91.34%, which is greater than NKE's maximum drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for UA and NKE.
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Drawdown Indicators
| UA | NKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.34% | -75.19% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -42.86% | -46.18% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -60.16% | -64.21% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -82.50% | -74.64% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -89.92% | -74.64% | -15.28% |
Current DrawdownCurrent decline from peak | -88.41% | -73.24% | -15.17% |
Average DrawdownAverage peak-to-trough decline | -69.17% | -20.90% | -48.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.82% | 23.33% | +2.49% |
Volatility
UA vs. NKE - Volatility Comparison
Under Armour, Inc. (UA) has a higher volatility of 22.60% compared to NIKE, Inc. (NKE) at 9.55%. This indicates that UA's price experiences larger fluctuations and is considered to be riskier than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UA | NKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.60% | 9.55% | +13.05% |
Volatility (6M)Calculated over the trailing 6-month period | 43.22% | 29.22% | +14.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.62% | 38.14% | +15.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.24% | 35.81% | +14.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.36% | 32.25% | +18.11% |
Dividends
UA vs. NKE - Dividend Comparison
UA has not paid dividends to shareholders, while NKE's dividend yield for the trailing twelve months is around 3.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NKE NIKE, Inc. | 3.72% | 2.53% | 2.00% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 0.93% |
UA Under Armour, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
UA vs. NKE - Financials Comparison
This section allows you to compare key financial metrics between Under Armour, Inc. and NIKE, 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
UA vs. NKE - Profitability Comparison
UA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Under Armour, Inc. reported a gross profit of 465.14M and revenue of 1.15B. Therefore, the gross margin over that period was 40.3%.
NKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a gross profit of 4.53B and revenue of 11.28B. Therefore, the gross margin over that period was 40.2%.
UA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Under Armour, Inc. reported an operating income of -33.70M and revenue of 1.15B, resulting in an operating margin of -2.9%.
NKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported an operating income of 553.00M and revenue of 11.28B, resulting in an operating margin of 4.9%.
UA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Under Armour, Inc. reported a net income of -43.39M and revenue of 1.15B, resulting in a net margin of -3.8%.
NKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a net income of 520.00M and revenue of 11.28B, resulting in a net margin of 4.6%.
Frequently Asked Questions
UA and NKE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UA has higher volatility (22.60%) compared to NKE (9.55%). In terms of maximum drawdown, UA dropped -91.34% vs NKE's -75.19%.
UA currently has the higher Sharpe Ratio (-0.26 vs -0.73), 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.
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