BILI vs. RKLB

Last updated Jun 13, 2026

BILI (Bilibili Inc.) and RKLB (Rocket Lab USA, Inc.) are both stocks. BILI operates in Electronic Gaming & Multimedia (Communication Services), while RKLB operates in Aerospace & Defense (Industrials). Over the past 3 years, BILI returned 1.92%/yr vs 158.32%/yr for RKLB. At a 0.29 correlation, their price movements are largely independent.

Performance

BILI vs. RKLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bilibili Inc. (BILI) and Rocket Lab USA, Inc. (RKLB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILI achieves a -27.37% return, which is significantly lower than RKLB's 46.77% return.

BILI

• 1D: -2.72%
• 1M: -12.11%
• YTD: -27.37%
• 6M: -27.40%
• 1Y: -10.79%
• 3Y*: 1.92%
• 5Y*: -30.66%
• 10Y*: —

RKLB

• 1D: -10.79%
• 1M: -22.75%
• YTD: 46.77%
• 6M: 66.51%
• 1Y: 302.95%
• 3Y*: 158.32%
• 5Y*: —
• 10Y*: —

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

BILI vs. RKLB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BILI Bilibili Inc.	-27.37%	35.78%	48.81%	-48.63%	-48.94%	-33.83%
RKLB Rocket Lab USA, Inc.	46.77%	173.89%	360.58%	46.68%	-69.30%	8.67%

Correlation

The correlation between BILI and RKLB is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021	0.29

Fundamentals

Market Cap BILI : $8.21B RKLB : $61.99B
EPS BILI : CN¥3.12 RKLB : -$0.33
PS Ratio BILI : 1.78 RKLB : 83.69
PB Ratio BILI : 3.57 RKLB : 27.38
Total Revenue (TTM) BILI : CN¥30.77B RKLB : $679.58M
Gross Profit (TTM) BILI : CN¥11.33B RKLB : $248.43M
EBITDA (TTM) BILI : CN¥1.53B RKLB : -$177.36M

Return for Risk

BILI vs. RKLB — Risk / Return Rank

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

BILI

BILI Risk / Return Rank: 31
BILI Sharpe Ratio Rank: 31
BILI Sortino Ratio Rank: 30
BILI Omega Ratio Rank: 30
BILI Calmar Ratio Rank: 34
BILI Martin Ratio Rank: 32

RKLB

RKLB Risk / Return Rank: 93
RKLB Sharpe Ratio Rank: 96
RKLB Sortino Ratio Rank: 91
RKLB Omega Ratio Rank: 88
RKLB Calmar Ratio Rank: 95
RKLB Martin Ratio Rank: 94

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.

BILI vs. RKLB - Risk-Adjusted Trends Comparison

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

	BILI	RKLB	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	3.12	-3.40
Sortino ratio: Return per unit of downside risk	-0.08	3.13	-3.21
Omega ratio: Gain probability vs. loss probability	0.99	1.38	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.27	6.74	-7.01
Martin ratio: Return relative to average drawdown	-0.60	15.44	-16.03

BILI vs. RKLB - Sharpe Ratio Comparison

The current BILI Sharpe Ratio is -0.28, which is lower than the RKLB Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of BILI and RKLB, 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

BILI vs. RKLB - Drawdown Comparison

The maximum BILI drawdown since its inception was -94.30%, which is greater than RKLB's maximum drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for BILI and RKLB.

Drawdown Indicators

	BILI	RKLB	Difference
Max Drawdown Largest peak-to-trough decline	-94.30%	-82.96%	-11.34%
Max Drawdown (1Y) Largest decline over 1 year	-52.06%	-43.01%	-9.05%
Max Drawdown (3Y) Largest decline over 3 years	-53.12%	-55.49%	+2.37%
Max Drawdown (5Y) Largest decline over 5 years	-92.97%	—	—
Current Drawdown Current decline from peak	-88.58%	-31.84%	-56.74%
Average Drawdown Average peak-to-trough decline	-57.96%	-51.29%	-6.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.32%	18.75%	+4.57%

Volatility

BILI vs. RKLB - Volatility Comparison

The current volatility for Bilibili Inc. (BILI) is 18.55%, while Rocket Lab USA, Inc. (RKLB) has a volatility of 31.54%. This indicates that BILI 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.

Volatility by Period

	BILI	RKLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.55%	31.54%	-12.99%
Volatility (6M) Calculated over the trailing 6-month period	36.58%	73.47%	-36.89%
Volatility (1Y) Calculated over the trailing 1-year period	49.74%	93.03%	-43.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.14%	81.62%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.93%	81.62%	-7.69%

Dividends

BILI vs. RKLB - Dividend Comparison

Neither BILI nor RKLB has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

BILI vs. RKLB - Profitability Comparison

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

BILI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a gross profit of 2.76B and revenue of 7.43B. Therefore, the gross margin over that period was 37.1%.

RKLB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

BILI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported an operating income of 165.75M and revenue of 7.43B, resulting in an operating margin of 2.2%.

RKLB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.

BILI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a net income of 208.51M and revenue of 7.43B, resulting in a net margin of 2.8%.

RKLB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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

Can I hold both BILI and RKLB in my portfolio?

BILI and RKLB have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BILI or RKLB?

RKLB has higher volatility (31.54%) compared to BILI (18.55%). In terms of maximum drawdown, BILI dropped -94.30% vs RKLB's -82.96%.

Which has better risk-adjusted returns?

RKLB currently has the higher Sharpe Ratio (3.12 vs -0.28), 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.