CXDO vs. RCAT

Last updated Jun 23, 2026

CXDO (Crexendo, Inc.) and RCAT (Red Cat Holdings, Inc.) are both stocks. CXDO operates in Telecom Services (Communication Services), while RCAT operates in Aerospace & Defense (Industrials). Over the past 5 years, CXDO returned 3.58%/yr vs 33.36%/yr for RCAT. At a 0.12 correlation, their price movements are largely independent.

Performance

CXDO vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Crexendo, Inc. (CXDO) 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, CXDO achieves a 8.35% return, which is significantly lower than RCAT's 34.05% return.

CXDO

• 1D: -0.71%
• 1M: -27.06%
• YTD: 8.35%
• 6M: 5.10%
• 1Y: 33.52%
• 3Y*: 56.75%
• 5Y*: 3.58%
• 10Y*: 18.47%

RCAT

• 1D: -7.08%
• 1M: 12.96%
• YTD: 34.05%
• 6M: 15.29%
• 1Y: 54.73%
• 3Y*: 108.07%
• 5Y*: 33.36%
• 10Y*: —

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

CXDO vs. RCAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CXDO Crexendo, Inc.	8.35%	23.71%	7.84%	156.07%	-61.73%	-27.85%	63.06%	34.92%
RCAT Red Cat Holdings, Inc.	34.05%	-38.29%	1,360.23%	-6.38%	-54.81%	-30.67%	172.73%	-73.81%

Correlation

The correlation between CXDO and RCAT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Aug 2, 2019	0.12

The correlation between CXDO and RCAT shifts across timeframes, from 0.12 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CXDO : $229.11M RCAT : $1.28B
EPS CXDO : $0.14 RCAT : -$0.78
PS Ratio CXDO : 3.07 RCAT : 22.09
PB Ratio CXDO : 3.15 RCAT : 5.38
Total Revenue (TTM) CXDO : $72.82M RCAT : $52.98M
Gross Profit (TTM) CXDO : $60.36M RCAT : $2.86M
EBITDA (TTM) CXDO : $6.49M RCAT : -$79.24M

Return for Risk

CXDO vs. RCAT — Risk / Return Rank

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

CXDO

CXDO Risk / Return Rank: 62
CXDO Sharpe Ratio Rank: 61
CXDO Sortino Ratio Rank: 60
CXDO Omega Ratio Rank: 58
CXDO Calmar Ratio Rank: 63
CXDO Martin Ratio Rank: 66

RCAT

RCAT Risk / Return Rank: 62
RCAT Sharpe Ratio Rank: 59
RCAT Sortino Ratio Rank: 68
RCAT Omega Ratio Rank: 63
RCAT Calmar Ratio Rank: 62
RCAT Martin Ratio Rank: 61

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.

CXDO vs. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Crexendo, Inc. (CXDO) 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.

	CXDO	RCAT	Difference
Sharpe ratio: Return per unit of total volatility	0.56	0.46	+0.10
Sortino ratio: Return per unit of downside risk	1.20	1.56	-0.35
Omega ratio: Gain probability vs. loss probability	1.15	1.17	-0.03
Calmar ratio: Return relative to maximum drawdown	0.97	0.92	+0.05
Martin ratio: Return relative to average drawdown	2.71	1.83	+0.88

CXDO vs. RCAT - Sharpe Ratio Comparison

The current CXDO Sharpe Ratio is 0.56, which is comparable to the RCAT Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of CXDO 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

CXDO vs. RCAT - Drawdown Comparison

The maximum CXDO drawdown since its inception was -88.55%, roughly equal to the maximum RCAT drawdown of -92.25%. Use the drawdown chart below to compare losses from any high point for CXDO and RCAT.

Drawdown Indicators

	CXDO	RCAT	Difference
Max Drawdown Largest peak-to-trough decline	-88.55%	-92.25%	+3.70%
Max Drawdown (1Y) Largest decline over 1 year	-34.86%	-60.08%	+25.22%
Max Drawdown (3Y) Largest decline over 3 years	-60.41%	-67.16%	+6.75%
Max Drawdown (5Y) Largest decline over 5 years	-81.53%	-92.25%	+10.72%
Max Drawdown (10Y) Largest decline over 10 years	-88.55%	—	—
Current Drawdown Current decline from peak	-37.27%	-38.77%	+1.50%
Average Drawdown Average peak-to-trough decline	-40.58%	-62.26%	+21.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.41%	30.05%	-17.64%

Volatility

CXDO vs. RCAT - Volatility Comparison

The current volatility for Crexendo, Inc. (CXDO) is 25.24%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 42.04%. This indicates that CXDO experiences smaller price fluctuations and is considered to be less risky than RCAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CXDO	RCAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.24%	42.04%	-16.80%
Volatility (6M) Calculated over the trailing 6-month period	45.37%	85.16%	-39.79%
Volatility (1Y) Calculated over the trailing 1-year period	60.09%	118.89%	-58.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.08%	114.60%	-44.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.65%	165.21%	-86.56%

Dividends

CXDO vs. RCAT - Dividend Comparison

Neither CXDO nor RCAT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CXDO Crexendo, Inc.	0.00%	0.00%	0.00%	0.10%	1.05%
RCAT Red Cat Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CXDO and RCAT in my portfolio?

CXDO and RCAT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CXDO or RCAT?

RCAT has higher volatility (42.04%) compared to CXDO (25.24%). In terms of maximum drawdown, CXDO dropped -88.55% vs RCAT's -92.25%.

Which has better risk-adjusted returns?

CXDO currently has the higher Sharpe Ratio (0.56 vs 0.46), 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.