VMC vs. NIO

Last updated Jun 6, 2026

VMC (Vulcan Materials Company) and NIO (NIO Inc.) are both stocks. VMC operates in Building Materials (Basic Materials), while NIO operates in Auto Manufacturers (Consumer Cyclical). Over the past 5 years, VMC returned 10.27%/yr vs -33.73%/yr for NIO. At a 0.21 correlation, their price movements are largely independent.

Performance

VMC vs. NIO - Performance Comparison

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

Returns By Period

In the year-to-date period, VMC achieves a -0.96% return, which is significantly lower than NIO's 5.10% return.

VMC

• 1D: -0.59%
• 1M: -4.66%
• YTD: -0.96%
• 6M: -4.20%
• 1Y: 6.68%
• 3Y*: 12.31%
• 5Y*: 10.27%
• 10Y*: 10.11%

NIO

• 1D: -5.80%
• 1M: -9.15%
• YTD: 5.10%
• 6M: 6.35%
• 1Y: 48.07%
• 3Y*: -12.05%
• 5Y*: -33.73%
• 10Y*: —

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

VMC vs. NIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VMC Vulcan Materials Company	-0.96%	11.70%	14.12%	30.75%	-14.87%	41.09%	4.15%	47.13%	-9.00%
NIO NIO Inc.	5.10%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	1,112.44%	-36.89%	-3.48%

Correlation

The correlation between VMC and NIO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018	0.21

The correlation between VMC and NIO shifts across timeframes, from 0.10 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS VMC : $11.24 NIO : -$3.74
PS Ratio VMC : 3.47 NIO : 0.13
Total Revenue (TTM) VMC : $8.05B NIO : $100.51B
Gross Profit (TTM) VMC : $2.22B NIO : $15.77B
EBITDA (TTM) VMC : $2.59B NIO : -$7.54B

Return for Risk

VMC vs. NIO — Risk / Return Rank

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

VMC

VMC Risk / Return Rank: 47
VMC Sharpe Ratio Rank: 51
VMC Sortino Ratio Rank: 43
VMC Omega Ratio Rank: 42
VMC Calmar Ratio Rank: 49
VMC Martin Ratio Rank: 50

NIO

NIO Risk / Return Rank: 63
NIO Sharpe Ratio Rank: 66
NIO Sortino Ratio Rank: 66
NIO Omega Ratio Rank: 61
NIO Calmar Ratio Rank: 64
NIO Martin Ratio Rank: 60

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.

VMC vs. NIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vulcan Materials Company (VMC) 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.

	VMC	NIO	Difference
Sharpe ratio: Return per unit of total volatility	0.27	0.77	-0.50
Sortino ratio: Return per unit of downside risk	0.52	1.51	-0.99
Omega ratio: Gain probability vs. loss probability	1.07	1.17	-0.10
Calmar ratio: Return relative to maximum drawdown	0.30	1.10	-0.80
Martin ratio: Return relative to average drawdown	0.76	1.98	-1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMC vs. NIO - Sharpe Ratio Comparison

The current VMC Sharpe Ratio is 0.27, which is lower than the NIO Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of VMC and NIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VMC	NIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.77	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	-0.47	+0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	-0.03	+0.39

Drawdowns

VMC vs. NIO - Drawdown Comparison

The maximum VMC drawdown since its inception was -76.02%, smaller than the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for VMC and NIO.

Drawdown Indicators

	VMC	NIO	Difference
Max Drawdown Largest peak-to-trough decline	-76.02%	-95.00%	+18.98%
Max Drawdown (1Y) Largest decline over 1 year	-22.05%	-43.73%	+21.68%
Max Drawdown (3Y) Largest decline over 3 years	-24.43%	-79.69%	+55.26%
Max Drawdown (5Y) Largest decline over 5 years	-32.50%	-94.10%	+61.60%
Max Drawdown (10Y) Largest decline over 10 years	-49.23%	—	—
Current Drawdown Current decline from peak	-14.50%	-91.47%	+76.97%
Average Drawdown Average peak-to-trough decline	-18.72%	-67.88%	+49.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.76%	24.39%	-15.63%

Volatility

VMC vs. NIO - Volatility Comparison

The current volatility for Vulcan Materials Company (VMC) is 7.43%, while NIO Inc. (NIO) has a volatility of 19.56%. This indicates that VMC 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

	VMC	NIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	19.56%	-12.13%
Volatility (6M) Calculated over the trailing 6-month period	20.82%	41.15%	-20.33%
Volatility (1Y) Calculated over the trailing 1-year period	24.91%	62.99%	-38.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.03%	71.69%	-45.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.32%	86.71%	-56.39%

Dividends

VMC vs. NIO - Dividend Comparison

VMC's dividend yield for the trailing twelve months is around 0.72%, while NIO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NIO NIO 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%
VMC Vulcan Materials Company	0.72%	0.69%	0.72%	0.76%	0.91%	0.71%	0.92%	0.86%	1.13%	0.78%	0.64%	0.42%

Financials

VMC vs. NIO - Profitability Comparison

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

VMC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vulcan Materials Company reported a gross profit of 422.70M and revenue of 1.76B. Therefore, the gross margin over that period was 24.1%.

NIO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

VMC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vulcan Materials Company reported an operating income of 265.40M and revenue of 1.76B, resulting in an operating margin of 15.1%.

NIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIO Inc. reported an operating income of -308.81M and revenue of 25.53B, resulting in an operating margin of -1.2%.

VMC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vulcan Materials Company reported a net income of 165.50M and revenue of 1.76B, resulting in a net margin of 9.4%.

NIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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

Can I hold both VMC and NIO in my portfolio?

VMC and NIO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMC or NIO?

NIO has higher volatility (19.56%) compared to VMC (7.43%). In terms of maximum drawdown, VMC dropped -76.02% vs NIO's -95.00%.

Which has better risk-adjusted returns?

NIO currently has the higher Sharpe Ratio (0.77 vs 0.27), 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.