ASTS vs. RCAT

Last updated Jun 13, 2026

ASTS (AST SpaceMobile, Inc.) and RCAT (Red Cat Holdings, Inc.) are both stocks. Both are in the Technology sector — ASTS in Communication Equipment, RCAT in Software - Application. Over the past 5 years, ASTS returned 51.99%/yr vs 26.88%/yr for RCAT. At a 0.28 correlation, their price movements are largely independent.

Performance

ASTS vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AST SpaceMobile, Inc. (ASTS) and Red Cat Holdings, Inc. (RCAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASTS achieves a 13.47% return, which is significantly lower than RCAT's 40.98% return.

ASTS

• 1D: -15.53%
• 1M: 10.16%
• YTD: 13.47%
• 6M: 7.44%
• 1Y: 123.21%
• 3Y*: 140.29%
• 5Y*: 51.99%
• 10Y*: —

RCAT

• 1D: -6.91%
• 1M: 18.94%
• YTD: 40.98%
• 6M: 39.05%
• 1Y: 27.77%
• 3Y*: 131.59%
• 5Y*: 26.88%
• 10Y*: —

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

ASTS vs. RCAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASTS AST SpaceMobile, Inc.	13.47%	244.22%	249.92%	25.10%	-39.29%	-31.73%
RCAT Red Cat Holdings, Inc.	40.98%	-38.29%	1,360.23%	-6.38%	-54.81%	-49.88%

Correlation

The correlation between ASTS and RCAT is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021	0.28

Over the past year, ASTS and RCAT have become more correlated (0.60) than their long-term average of 0.28, meaning their price movements have been converging.

Fundamentals

Market Cap ASTS : $23.96B RCAT : $1.35B
EPS ASTS : -$1.84 RCAT : -$0.78
PS Ratio ASTS : 257.48 RCAT : 23.24
PB Ratio ASTS : 9.00 RCAT : 5.66
Total Revenue (TTM) ASTS : $84.94M RCAT : $52.98M
Gross Profit (TTM) ASTS : -$22.93M RCAT : $2.86M
EBITDA (TTM) ASTS : -$536.80M RCAT : -$79.24M

Return for Risk

ASTS vs. RCAT — Risk / Return Rank

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

ASTS

ASTS Risk / Return Rank: 77
ASTS Sharpe Ratio Rank: 77
ASTS Sortino Ratio Rank: 77
ASTS Omega Ratio Rank: 73
ASTS Calmar Ratio Rank: 81
ASTS Martin Ratio Rank: 77

RCAT

RCAT Risk / Return Rank: 56
RCAT Sharpe Ratio Rank: 51
RCAT Sortino Ratio Rank: 63
RCAT Omega Ratio Rank: 58
RCAT Calmar Ratio Rank: 54
RCAT Martin Ratio Rank: 53

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.

ASTS vs. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AST SpaceMobile, Inc. (ASTS) and Red Cat Holdings, Inc. (RCAT). 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.

	ASTS	RCAT	Difference
Sharpe ratio: Return per unit of total volatility	1.17	0.23	+0.94
Sortino ratio: Return per unit of downside risk	1.99	1.28	+0.71
Omega ratio: Gain probability vs. loss probability	1.23	1.14	+0.09
Calmar ratio: Return relative to maximum drawdown	2.60	0.46	+2.13
Martin ratio: Return relative to average drawdown	5.06	0.92	+4.14

ASTS vs. RCAT - Sharpe Ratio Comparison

The current ASTS Sharpe Ratio is 1.17, which is higher than the RCAT Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of ASTS and RCAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASTS vs. RCAT - Drawdown Comparison

The maximum ASTS drawdown since its inception was -85.57%, smaller than the maximum RCAT drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for ASTS and RCAT.

Drawdown Indicators

	ASTS	RCAT	Difference
Max Drawdown Largest peak-to-trough decline	-85.57%	-99.21%	+13.64%
Max Drawdown (1Y) Largest decline over 1 year	-47.69%	-60.08%	+12.39%
Max Drawdown (3Y) Largest decline over 3 years	-70.66%	-67.16%	-3.50%
Max Drawdown (5Y) Largest decline over 5 years	-85.57%	-92.25%	+6.68%
Current Drawdown Current decline from peak	-38.08%	-35.60%	-2.48%
Average Drawdown Average peak-to-trough decline	-40.51%	-65.98%	+25.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.42%	30.17%	-5.75%

Volatility

ASTS vs. RCAT - Volatility Comparison

AST SpaceMobile, Inc. (ASTS) and Red Cat Holdings, Inc. (RCAT) have volatilities of 41.20% and 40.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASTS	RCAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.20%	40.71%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	85.03%	85.22%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	105.98%	120.36%	-14.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.52%	115.04%	-5.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.00%	29,209.75%	-29,098.75%

Dividends

ASTS vs. RCAT - Dividend Comparison

Neither ASTS nor RCAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ASTS and RCAT in my portfolio?

ASTS and RCAT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASTS or RCAT?

ASTS has higher volatility (41.20%) compared to RCAT (40.71%). In terms of maximum drawdown, ASTS dropped -85.57% vs RCAT's -99.21%.

Which has better risk-adjusted returns?

ASTS currently has the higher Sharpe Ratio (1.17 vs 0.23), 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.