XPEV vs. NIO

Last updated Apr 1, 2026

Compare and contrast key facts about XPeng Inc. (XPEV) and NIO Inc. (NIO).

Performance

XPEV vs. NIO - Performance Comparison

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

XPEV vs. NIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XPEV XPeng Inc.	-15.63%	71.57%	-18.99%	46.78%	-80.25%	17.51%	101.84%
NIO NIO Inc.	18.24%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	145.17%

Fundamentals

Market Cap XPEV : $8.28B NIO : $15.14B
EPS XPEV : -$1.44 NIO : -$6.45
PS Ratio XPEV : 0.18 NIO : 0.17
PB Ratio XPEV : 0.27 NIO : 3.64
Total Revenue (TTM) XPEV : $76.41B NIO : $87.01B
Gross Profit (TTM) XPEV : $14.41B NIO : $11.83B
EBITDA (TTM) XPEV : -$2.18B NIO : -$13.94B

Returns By Period

In the year-to-date period, XPEV achieves a -15.63% return, which is significantly lower than NIO's 18.24% return.

XPEV

• 1D: 2.33%
• 1M: -2.56%
• YTD: -15.63%
• 6M: -26.94%
• 1Y: -17.42%
• 3Y*: 15.48%
• 5Y*: -14.27%
• 10Y*: —

NIO

• 1D: 9.44%
• 1M: 23.82%
• YTD: 18.24%
• 6M: -20.87%
• 1Y: 58.27%
• 3Y*: -16.91%
• 5Y*: -31.39%
• 10Y*: —

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

Return for Risk

XPEV vs. NIO — Risk / Return Rank

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

XPEV

XPEV Risk / Return Rank: 31
XPEV Sharpe Ratio Rank: 29
XPEV Sortino Ratio Rank: 30
XPEV Omega Ratio Rank: 30
XPEV Calmar Ratio Rank: 33
XPEV Martin Ratio Rank: 33

NIO

NIO Risk / Return Rank: 70
NIO Sharpe Ratio Rank: 74
NIO Sortino Ratio Rank: 73
NIO Omega Ratio Rank: 66
NIO Calmar Ratio Rank: 70
NIO Martin Ratio Rank: 66

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.

XPEV vs. NIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for XPeng Inc. (XPEV) 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.

	XPEV	NIO	Difference
Sharpe ratio Return per unit of total volatility	-0.29	0.94	-1.23
Sortino ratio Return per unit of downside risk	-0.01	1.70	-1.71
Omega ratio Gain probability vs. loss probability	1.00	1.19	-0.19
Calmar ratio Return relative to maximum drawdown	-0.30	1.39	-1.69
Martin ratio Return relative to average drawdown	-0.60	2.62	-3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XPEV vs. NIO - Sharpe Ratio Comparison

The current XPEV Sharpe Ratio is -0.29, which is lower than the NIO Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of XPEV and NIO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XPEV	NIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	0.94	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	-0.44	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	-0.01	-0.03

Correlation

The correlation between XPEV and NIO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XPEV vs. NIO - Dividend Comparison

Neither XPEV nor NIO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XPEV vs. NIO - Drawdown Comparison

The maximum XPEV drawdown since its inception was -91.12%, roughly equal to the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for XPEV and NIO.

Drawdown Indicators

	XPEV	NIO	Difference
Max Drawdown Largest peak-to-trough decline	-91.12%	-95.00%	+3.88%
Max Drawdown (1Y) Largest decline over 1 year	-43.46%	-43.73%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	-88.35%	-94.10%	+5.75%
Current Drawdown Current decline from peak	-76.29%	-90.40%	+14.11%
Average Drawdown Average peak-to-trough decline	-67.56%	-67.33%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.80%	23.22%	-1.42%

Volatility

XPEV vs. NIO - Volatility Comparison

The current volatility for XPeng Inc. (XPEV) is 19.88%, while NIO Inc. (NIO) has a volatility of 23.92%. This indicates that XPEV 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

	XPEV	NIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.88%	23.92%	-4.04%
Volatility (6M) Calculated over the trailing 6-month period	43.94%	40.46%	+3.48%
Volatility (1Y) Calculated over the trailing 1-year period	61.50%	62.25%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.16%	71.67%	+7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.44%	87.26%	-2.82%

Financials

XPEV vs. NIO - Profitability Comparison

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

XPEV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, XPeng Inc. reported a gross profit of 4.68B and revenue of 21.95B. Therefore, the gross margin over that period was 21.3%.

NIO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a gross profit of 5.99B and revenue of 34.17B. Therefore, the gross margin over that period was 17.5%.

XPEV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, XPeng Inc. reported an operating income of -911.93M and revenue of 21.95B, resulting in an operating margin of -4.2%.

NIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported an operating income of 503.67M and revenue of 34.17B, resulting in an operating margin of 1.5%.

XPEV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, XPeng Inc. reported a net income of 377.92M and revenue of 21.95B, resulting in a net margin of 1.7%.

NIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a net income of 280.15M and revenue of 34.17B, resulting in a net margin of 0.8%.