XPEV vs. LI
XPEV (XPeng Inc.) and LI (Li Auto Inc.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 5 years, XPEV returned -20.34%/yr vs -16.29%/yr for LI. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
XPEV vs. LI - Performance Comparison
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Returns By Period
In the year-to-date period, XPEV achieves a -34.17% return, which is significantly lower than LI's -24.28% return.
XPEV
- 1D
- 1.06%
- 1M
- -14.37%
- YTD
- -34.17%
- 6M
- -33.32%
- 1Y
- -27.09%
- 3Y*
- 10.48%
- 5Y*
- -20.34%
- 10Y*
- —
LI
- 1D
- -2.95%
- 1M
- -19.32%
- YTD
- -24.28%
- 6M
- -24.50%
- 1Y
- -50.71%
- 3Y*
- -27.19%
- 5Y*
- -16.29%
- 10Y*
- —
XPEV vs. LI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XPEV XPeng Inc. | -34.17% | 71.57% | -18.99% | 46.78% | -80.25% | 17.51% | 85.41% |
LI Li Auto Inc. | -24.28% | -29.43% | -35.91% | 83.48% | -36.45% | 11.34% | 23.31% |
Correlation
The correlation between XPEV and LI 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 | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2020 | 0.70 |
The correlation between XPEV and LI shifts across timeframes, from 0.52 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
Fundamentals
XPEV:
$6.38B
LI:
$13.00B
XPEV:
-CN¥3.15
LI:
-CN¥1.74
XPEV:
0.88
LI:
0.82
XPEV:
1.52
LI:
1.26
XPEV:
CN¥73.56B
LI:
CN¥108.98B
XPEV:
CN¥14.61B
LI:
CN¥17.42B
XPEV:
-CN¥3.76B
LI:
-CN¥2.83B
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Return for Risk
XPEV vs. LI — Risk / Return Rank
XPEV
LI
XPEV vs. LI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XPeng Inc. (XPEV) and Li Auto Inc. (LI). 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.
| XPEV | LI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.77 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.85 | +0.34 |
| Martin ratioReturn relative to average drawdown | -0.95 | -1.33 | +0.38 |
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Drawdowns
XPEV vs. LI - Drawdown Comparison
The maximum XPEV drawdown since its inception was -91.12%, which is greater than LI's maximum drawdown of -72.52%. Use the drawdown chart below to compare losses from any high point for XPEV and LI.
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Drawdown Indicators
| XPEV | LI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.12% | -72.52% | -18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -52.94% | -59.69% | +6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -71.65% | -72.52% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -88.35% | -72.52% | -15.83% |
Current DrawdownCurrent decline from peak | -81.50% | -72.52% | -8.98% |
Average DrawdownAverage peak-to-trough decline | -67.94% | -40.04% | -27.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.61% | 38.25% | -9.64% |
Volatility
XPEV vs. LI - Volatility Comparison
XPeng Inc. (XPEV) has a higher volatility of 13.96% compared to Li Auto Inc. (LI) at 11.78%. This indicates that XPEV's price experiences larger fluctuations and is considered to be riskier than LI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPEV | LI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.96% | 11.78% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 35.74% | 29.04% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.21% | 40.21% | +15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.54% | 63.47% | +15.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.28% | 68.25% | +15.03% |
Dividends
XPEV vs. LI - Dividend Comparison
Neither XPEV nor LI has paid dividends to shareholders.
Financials
XPEV vs. LI - Financials Comparison
This section allows you to compare key financial metrics between XPeng Inc. and Li Auto 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
XPEV vs. LI - Profitability Comparison
XPEV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, XPeng Inc. reported a gross profit of 2.67B and revenue of 12.95B. Therefore, the gross margin over that period was 20.6%.
LI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported a gross profit of 1.80B and revenue of 22.84B. Therefore, the gross margin over that period was 7.9%.
XPEV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, XPeng Inc. reported an operating income of -2.10B and revenue of 12.95B, resulting in an operating margin of -16.2%.
LI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported an operating income of -2.95B and revenue of 22.84B, resulting in an operating margin of -12.9%.
XPEV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, XPeng Inc. reported a net income of -1.77B and revenue of 12.95B, resulting in a net margin of -13.7%.
LI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported a net income of -2.28B and revenue of 22.84B, resulting in a net margin of -10.0%.
Frequently Asked Questions
XPEV and LI 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.
XPEV has higher volatility (13.96%) compared to LI (11.78%). In terms of maximum drawdown, XPEV dropped -91.12% vs LI's -72.52%.
XPEV currently has the higher Sharpe Ratio (-0.49 vs -1.27), 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.
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