BBAI vs. RKLB
BBAI (BigBear.ai Holdings, Inc.) and RKLB (Rocket Lab USA, Inc.) are both stocks. BBAI operates in Information Technology Services (Technology), while RKLB operates in Aerospace & Defense (Industrials). Over the past 3 years, BBAI returned 9.59%/yr vs 107.59%/yr for RKLB. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
BBAI vs. RKLB - Performance Comparison
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Returns By Period
In the year-to-date period, BBAI achieves a -48.33% return, which is significantly lower than RKLB's -6.90% return.
BBAI
- 1D
- -1.41%
- 1M
- -20.96%
- 6M
- -44.64%
- YTD
- -48.33%
- 1Y
- -56.41%
- 3Y*
- 9.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.07%
RKLB
- 1D
- 0.42%
- 1M
- -35.35%
- 6M
- -18.88%
- YTD
- -6.90%
- 1Y
- 44.95%
- 3Y*
- 107.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 42.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $69.43M | $78.01M | $145.89M | |
| $1.17B | $1.42B | $2.73B |
BBAI vs. RKLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | -48.33% | 21.35% | 107.94% | 217.65% | -88.10% | -27.90% |
RKLB Rocket Lab USA, Inc. | -6.90% | 173.89% | 360.58% | 46.68% | -69.30% | -0.89% |
Correlation
The correlation between BBAI and RKLB is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.41 |
The correlation between BBAI and RKLB shifts across timeframes, from 0.41 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BBAI:
$1.33B
RKLB:
$37.60B
BBAI:
-$0.04
RKLB:
-$0.32
BBAI:
48.99
RKLB:
54.37
BBAI:
1.74
RKLB:
17.37
BBAI:
$131.63M
RKLB:
$679.58M
BBAI:
$36.75M
RKLB:
$248.43M
BBAI:
-$63.12M
RKLB:
-$177.36M
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Return for Risk
BBAI vs. RKLB — Risk / Return Rank
BBAI
RKLB
BBAI vs. RKLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) and Rocket Lab USA, Inc. (RKLB). 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.
| BBAI | RKLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.15 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.68 | -1.48 |
| Martin ratioReturn relative to average drawdown | -1.26 | 1.68 | -2.94 |
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Drawdowns
BBAI vs. RKLB - Drawdown Comparison
The maximum BBAI drawdown since its inception was -95.01%, which is greater than RKLB's maximum drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for BBAI and RKLB.
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Drawdown Indicators
| BBAI | RKLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.01% | -82.96% | -12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -70.93% | -60.99% | -9.94% |
Max Drawdown (3Y)Largest decline over 3 years | -75.56% | -60.99% | -14.57% |
Current DrawdownCurrent decline from peak | -78.01% | -56.77% | -21.24% |
Average DrawdownAverage peak-to-trough decline | -70.89% | -51.12% | -19.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.55% | 24.74% | +19.81% |
Volatility
BBAI vs. RKLB - Volatility Comparison
The current volatility for BigBear.ai Holdings, Inc. (BBAI) is 16.91%, while Rocket Lab USA, Inc. (RKLB) has a volatility of 25.66%. This indicates that BBAI experiences smaller price fluctuations and is considered to be less risky than RKLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBAI | RKLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.91% | 25.66% | -8.75% |
Volatility (6M)Calculated over the trailing 6-month period | 53.62% | 73.51% | -19.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.26% | 95.44% | -9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 172.41% | 82.12% | +90.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 172.41% | 82.12% | +90.29% |
Dividends
BBAI vs. RKLB - Dividend Comparison
Neither BBAI nor RKLB has paid dividends to shareholders.
Financials
BBAI vs. RKLB - Financials Comparison
This section allows you to compare key financial metrics between BigBear.ai Holdings, Inc. and Rocket Lab USA, 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
BBAI vs. RKLB - Profitability Comparison
BBAI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, BigBear.ai Holdings, Inc. reported a gross profit of 12.05M and revenue of 36.75M. Therefore, the gross margin over that period was 32.8%.
RKLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Rocket Lab USA, Inc. reported a gross profit of 76.49M and revenue of 200.35M. Therefore, the gross margin over that period was 38.2%.
BBAI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, BigBear.ai Holdings, Inc. reported an operating income of -27.36M and revenue of 36.75M, resulting in an operating margin of -74.5%.
RKLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Rocket Lab USA, Inc. reported an operating income of -55.97M and revenue of 200.35M, resulting in an operating margin of -27.9%.
BBAI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, BigBear.ai Holdings, Inc. reported a net income of -25.75M and revenue of 36.75M, resulting in a net margin of -70.1%.
RKLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Rocket Lab USA, Inc. reported a net income of -45.02M and revenue of 200.35M, resulting in a net margin of -22.5%.
Frequently Asked Questions
BBAI and RKLB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKLB has higher volatility (25.66%) compared to BBAI (16.91%). In terms of maximum drawdown, BBAI dropped -95.01% vs RKLB's -82.96%.
RKLB currently has the higher Sharpe Ratio (0.44 vs -0.65), 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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