BKSY vs. SPCE

Last updated Aug 1, 2026

BKSY (BlackSky Technology Inc.) and SPCE (Virgin Galactic Holdings, Inc.) are both stocks. BKSY operates in Scientific & Technical Instruments (Technology), while SPCE operates in Aerospace & Defense (Industrials). Over the past 5 years, BKSY returned -21.97%/yr vs -66.45%/yr for SPCE. Their 0.38 correlation means their historical movements had little consistent relationship.

Performance

BKSY vs. SPCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackSky Technology Inc. (BKSY) and Virgin Galactic Holdings, Inc. (SPCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKSY achieves a 22.93% return, which is significantly higher than SPCE's -20.56% return.

BKSY

• 1D: 2.63%
• 1M: -17.32%
• 6M: 4.44%
• YTD: 22.93%
• 1Y: 22.22%
• 3Y*: 13.51%
• 5Y*: -21.97%
• 10Y*: —
• ALL TIME*: -16.77%

SPCE

• 1D: -0.39%
• 1M: -5.56%
• 6M: -10.53%
• YTD: -20.56%
• 1Y: -30.71%
• 3Y*: -68.65%
• 5Y*: -66.45%
• 10Y*: —
• ALL TIME*: -48.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKSY BlackSky Technology Inc.	$22.82M	$28.54M	$70.09M
SPCE Virgin Galactic Holdings, Inc.	$18.27M	$25.67M	$142.91M

BKSY vs. SPCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BKSY BlackSky Technology Inc.	22.93%	73.77%	-3.66%	-9.09%	-65.70%	-57.12%	7.38%	0.52%
SPCE Virgin Galactic Holdings, Inc.	-20.56%	-45.41%	-88.00%	-29.60%	-73.99%	-43.62%	105.45%	11.38%

Correlation

The correlation between BKSY and SPCE is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	0.44
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019	0.38

The correlation between BKSY and SPCE shifts across timeframes, from 0.38 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BKSY : $943.24M SPCE : $159.07M
EPS BKSY : -$2.44 SPCE : -$3.83
PS Ratio BKSY : 8.41 SPCE : 131.70
PB Ratio BKSY : 10.31 SPCE : 0.91
Total Revenue (TTM) BKSY : $97.81M SPCE : $1.31M
Gross Profit (TTM) BKSY : $23.99M SPCE : -$50.86M
EBITDA (TTM) BKSY : -$13.55M SPCE : -$235.21M

Return for Risk

BKSY vs. SPCE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BKSY

BKSY Risk / Return Rank: 55
BKSY Sharpe Ratio Rank: 52
BKSY Sortino Ratio Rank: 60
BKSY Omega Ratio Rank: 58
BKSY Calmar Ratio Rank: 53
BKSY Martin Ratio Rank: 53

SPCE

SPCE Risk / Return Rank: 33
SPCE Sharpe Ratio Rank: 31
SPCE Sortino Ratio Rank: 41
SPCE Omega Ratio Rank: 41
SPCE Calmar Ratio Rank: 27
SPCE Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKSY vs. SPCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackSky Technology Inc. (BKSY) and Virgin Galactic Holdings, Inc. (SPCE). 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.

	BKSY	SPCE	Difference
Sharpe ratio: Return per unit of total volatility	0.19	-0.30	+0.49
Sortino ratio: Return per unit of downside risk	1.03	0.30	+0.73
Omega ratio: Gain probability vs. loss probability	1.12	1.04	+0.08
Calmar ratio: Return relative to maximum drawdown	0.33	-0.49	+0.82
Martin ratio: Return relative to average drawdown	0.64	-0.87	+1.51

BKSY vs. SPCE - Sharpe Ratio Comparison

The current BKSY Sharpe Ratio is 0.19, which is higher than the SPCE Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of BKSY and SPCE, 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

BKSY vs. SPCE - Drawdown Comparison

The maximum BKSY drawdown since its inception was -96.61%, roughly equal to the maximum SPCE drawdown of -99.82%. Use the drawdown chart below to compare losses from any high point for BKSY and SPCE.

Drawdown Indicators

	BKSY	SPCE	Difference
Max Drawdown Largest peak-to-trough decline	-96.61%	-99.82%	+3.21%
Max Drawdown (1Y) Largest decline over 1 year	-60.08%	-67.82%	+7.74%
Max Drawdown (3Y) Largest decline over 3 years	-72.42%	-97.08%	+24.66%
Max Drawdown (5Y) Largest decline over 5 years	-96.04%	-99.69%	+3.65%
Current Drawdown Current decline from peak	-80.78%	-99.79%	+19.01%
Average Drawdown Average peak-to-trough decline	-65.38%	-78.93%	+13.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.91%	37.83%	-6.92%

Volatility

BKSY vs. SPCE - Volatility Comparison

BlackSky Technology Inc. (BKSY) has a higher volatility of 22.93% compared to Virgin Galactic Holdings, Inc. (SPCE) at 17.91%. This indicates that BKSY's price experiences larger fluctuations and is considered to be riskier than SPCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKSY	SPCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.93%	17.91%	+5.02%
Volatility (6M) Calculated over the trailing 6-month period	80.31%	100.01%	-19.70%
Volatility (1Y) Calculated over the trailing 1-year period	105.02%	109.70%	-4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.26%	95.44%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.54%	100.11%	-11.57%

Dividends

BKSY vs. SPCE - Dividend Comparison

Neither BKSY nor SPCE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BKSY and SPCE in my portfolio?

BKSY and SPCE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKSY or SPCE?

BKSY has higher volatility (22.93%) compared to SPCE (17.91%). In terms of maximum drawdown, BKSY dropped -96.61% vs SPCE's -99.82%.

Which has better risk-adjusted returns?

BKSY currently has the higher Sharpe Ratio (0.19 vs -0.30), 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.