ARKX vs. RDW
ARKX (ARK Space Exploration & Innovation ETF) is Aerospace & Defense fund actively managed by ARK, while RDW (Redwire Corporation) is a stock. Over the past 3 years, ARKX returned 31.55%/yr vs 79.83%/yr for RDW. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
ARKX vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, ARKX achieves a 16.56% return, which is significantly lower than RDW's 98.95% return.
ARKX
- 1D
- -1.94%
- 1M
- -2.96%
- YTD
- 16.56%
- 6M
- 17.78%
- 1Y
- 52.99%
- 3Y*
- 31.55%
- 5Y*
- 10.38%
- 10Y*
- —
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
ARKX vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARKX ARK Space Exploration & Innovation ETF | 16.56% | 48.46% | 26.67% | 24.37% | -34.27% | -10.79% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between ARKX and RDW is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.59 |
The correlation between ARKX and RDW shifts across timeframes, from 0.59 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ARKX vs. RDW — Risk / Return Rank
ARKX
RDW
ARKX vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and Redwire Corporation (RDW). 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.
| ARKX | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | -0.29 | +2.90 |
| Martin ratioReturn relative to average drawdown | 6.87 | -0.42 | +7.29 |
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Drawdowns
ARKX vs. RDW - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for ARKX and RDW.
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Drawdown Indicators
| ARKX | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -87.26% | +43.65% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -75.40% | +54.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.47% | -80.28% | +54.81% |
Max Drawdown (5Y)Largest decline over 5 years | -43.61% | — | — |
Current DrawdownCurrent decline from peak | -10.49% | -41.62% | +31.13% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -59.30% | +39.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 51.88% | -44.14% |
Volatility
ARKX vs. RDW - Volatility Comparison
The current volatility for ARK Space Exploration & Innovation ETF (ARKX) is 12.77%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that ARKX experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKX | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.77% | 53.68% | -40.91% |
Volatility (6M)Calculated over the trailing 6-month period | 26.51% | 94.49% | -67.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.50% | 118.63% | -85.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.02% | 96.83% | -68.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.65% | 96.83% | -69.18% |
Dividends
ARKX vs. RDW - Dividend Comparison
Neither ARKX nor RDW has paid dividends to shareholders.
Frequently Asked Questions
ARKX and RDW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to ARKX (12.77%). In terms of maximum drawdown, ARKX dropped -43.61% vs RDW's -87.26%.
ARKX currently has the higher Sharpe Ratio (1.59 vs -0.18), 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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