CRDO vs. RKLB
CRDO (Credo Technology Group Holding Ltd) and RKLB (Rocket Lab USA, Inc.) are both stocks. CRDO operates in Communication Equipment (Technology), while RKLB operates in Aerospace & Defense (Industrials). Over the past 3 years, CRDO returned 138.04%/yr vs 179.23%/yr for RKLB. At a 0.40 correlation, their price movements are largely independent.
Performance
CRDO vs. RKLB - Performance Comparison
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Returns By Period
In the year-to-date period, CRDO achieves a 54.47% return, which is significantly lower than RKLB's 62.92% return.
CRDO
- 1D
- 7.43%
- 1M
- 17.91%
- YTD
- 54.47%
- 6M
- 24.21%
- 1Y
- 204.65%
- 3Y*
- 138.04%
- 5Y*
- —
- 10Y*
- —
RKLB
- 1D
- 3.24%
- 1M
- 7.76%
- YTD
- 62.92%
- 6M
- 120.42%
- 1Y
- 292.98%
- 3Y*
- 179.23%
- 5Y*
- —
- 10Y*
- —
CRDO vs. RKLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CRDO Credo Technology Group Holding Ltd | 54.47% | 114.09% | 245.20% | 46.28% | 14.25% |
RKLB Rocket Lab USA, Inc. | 62.92% | 173.89% | 360.58% | 46.68% | -53.46% |
Correlation
The correlation between CRDO and RKLB is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.40 |
The correlation between CRDO and RKLB shifts across timeframes, from 0.28 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CRDO:
$42.83B
RKLB:
$68.81B
CRDO:
$2.50
RKLB:
-$0.33
CRDO:
31.50
RKLB:
92.89
CRDO:
20.75
RKLB:
30.39
CRDO:
$1.34B
RKLB:
$679.58M
CRDO:
$908.35M
RKLB:
$248.43M
CRDO:
$463.79M
RKLB:
-$177.36M
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Return for Risk
CRDO vs. RKLB — Risk / Return Rank
CRDO
RKLB
CRDO vs. RKLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credo Technology Group Holding Ltd (CRDO) 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.
| CRDO | RKLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 6.86 | -3.02 |
| Martin ratioReturn relative to average drawdown | 9.27 | 15.94 | -6.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRDO | RKLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 3.20 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.76 | +0.44 |
Drawdowns
CRDO vs. RKLB - Drawdown Comparison
The maximum CRDO drawdown since its inception was -62.04%, smaller than the maximum RKLB drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for CRDO and RKLB.
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Drawdown Indicators
| CRDO | RKLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.04% | -82.96% | +20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -53.59% | -43.01% | -10.58% |
Max Drawdown (3Y)Largest decline over 3 years | -61.05% | -55.49% | -5.56% |
Current DrawdownCurrent decline from peak | -5.83% | -24.35% | +18.52% |
Average DrawdownAverage peak-to-trough decline | -19.46% | -51.40% | +31.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.17% | 18.48% | +3.69% |
Volatility
CRDO vs. RKLB - Volatility Comparison
The current volatility for Credo Technology Group Holding Ltd (CRDO) is 28.82%, while Rocket Lab USA, Inc. (RKLB) has a volatility of 41.86%. This indicates that CRDO 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
| CRDO | RKLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.82% | 41.86% | -13.04% |
Volatility (6M)Calculated over the trailing 6-month period | 64.61% | 72.23% | -7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.09% | 92.32% | -7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.41% | 81.48% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.41% | 81.48% | -0.07% |
Dividends
CRDO vs. RKLB - Dividend Comparison
Neither CRDO nor RKLB has paid dividends to shareholders.
Financials
CRDO vs. RKLB - Financials Comparison
This section allows you to compare key financial metrics between Credo Technology Group Holding Ltd 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
CRDO vs. RKLB - Profitability Comparison
CRDO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a gross profit of 298.07M and revenue of 437.00M. Therefore, the gross margin over that period was 68.2%.
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%.
CRDO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported an operating income of 155.85M and revenue of 437.00M, resulting in an operating margin of 35.7%.
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%.
CRDO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a net income of 169.10M and revenue of 437.00M, resulting in a net margin of 38.7%.
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
CRDO and RKLB have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKLB has higher volatility (41.86%) compared to CRDO (28.82%). In terms of maximum drawdown, CRDO dropped -62.04% vs RKLB's -82.96%.
RKLB currently has the higher Sharpe Ratio (3.20 vs 2.43), 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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