DGXX vs. RCAT

Last updated Jun 4, 2026

DGXX (Digi Power X Inc) and RCAT (Red Cat Holdings, Inc.) are both stocks. DGXX operates in Utilities - Independent Power Producers (Utilities), while RCAT operates in Software - Application (Technology). Over the past year, DGXX returned 401.32% vs 98.99% for RCAT. At a 0.30 correlation, their price movements are largely independent.

Performance

DGXX vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Digi Power X Inc (DGXX) 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, DGXX achieves a 198.82% return, which is significantly higher than RCAT's 73.90% return.

DGXX

• 1D: -3.05%
• 1M: 92.91%
• YTD: 198.82%
• 6M: 124.45%
• 1Y: 401.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RCAT

• 1D: -7.76%
• 1M: 25.36%
• YTD: 73.90%
• 6M: 82.65%
• 1Y: 98.99%
• 3Y*: 142.10%
• 5Y*: 42.10%
• 10Y*: —

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

DGXX vs. RCAT - Yearly Performance Comparison

	2026 (YTD)	2025
DGXX Digi Power X Inc	198.82%	93.18%
RCAT Red Cat Holdings, Inc.	73.90%	36.96%

Correlation

The correlation between DGXX and RCAT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 18, 2025	0.30

Fundamentals

Market Cap DGXX : $530.63M RCAT : $1.67B
EPS DGXX : -$0.55 RCAT : -$0.78
PS Ratio DGXX : 0.05 RCAT : 28.66
PB Ratio DGXX : 0.00 RCAT : 6.98
Total Revenue (TTM) DGXX : $6.82B RCAT : $52.98M
Gross Profit (TTM) DGXX : $646.77M RCAT : $2.86M
EBITDA (TTM) DGXX : -$5.15B RCAT : -$79.24M

Return for Risk

DGXX vs. RCAT — Risk / Return Rank

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

DGXX

DGXX Risk / Return Rank: 90
DGXX Sharpe Ratio Rank: 95
DGXX Sortino Ratio Rank: 90
DGXX Omega Ratio Rank: 86
DGXX Calmar Ratio Rank: 93
DGXX Martin Ratio Rank: 87

RCAT

RCAT Risk / Return Rank: 69
RCAT Sharpe Ratio Rank: 66
RCAT Sortino Ratio Rank: 73
RCAT Omega Ratio Rank: 68
RCAT Calmar Ratio Rank: 70
RCAT Martin Ratio Rank: 67

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.

DGXX vs. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Digi Power X Inc (DGXX) 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.

	DGXX	RCAT	Difference
Sharpe ratio: Return per unit of total volatility	3.18	0.83	+2.36
Sortino ratio: Return per unit of downside risk	3.26	1.92	+1.34
Omega ratio: Gain probability vs. loss probability	1.38	1.22	+0.16
Calmar ratio: Return relative to maximum drawdown	5.78	1.66	+4.13
Martin ratio: Return relative to average drawdown	10.00	3.34	+6.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGXX vs. RCAT - Sharpe Ratio Comparison

The current DGXX Sharpe Ratio is 3.18, which is higher than the RCAT Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of DGXX 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.

Sharpe Ratios by Period

	DGXX	RCAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.18	0.83	+2.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.58	-0.06	+2.63

Drawdowns

DGXX vs. RCAT - Drawdown Comparison

The maximum DGXX drawdown since its inception was -69.95%, smaller than the maximum RCAT drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for DGXX and RCAT.

Drawdown Indicators

	DGXX	RCAT	Difference
Max Drawdown Largest peak-to-trough decline	-69.95%	-99.76%	+29.81%
Max Drawdown (1Y) Largest decline over 1 year	-69.95%	-60.08%	-9.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-67.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.25%	—
Current Drawdown Current decline from peak	-9.93%	-91.73%	+81.80%
Average Drawdown Average peak-to-trough decline	-30.37%	-95.53%	+65.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.38%	29.75%	+10.63%

Volatility

DGXX vs. RCAT - Volatility Comparison

Digi Power X Inc (DGXX) has a higher volatility of 40.62% compared to Red Cat Holdings, Inc. (RCAT) at 38.59%. This indicates that DGXX's price experiences larger fluctuations and is considered to be riskier than RCAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGXX	RCAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.62%	38.59%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	80.95%	83.20%	-2.25%
Volatility (1Y) Calculated over the trailing 1-year period	127.57%	120.70%	+6.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.59%	114.95%	+11.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.59%	239.60%	-113.01%

Dividends

DGXX vs. RCAT - Dividend Comparison

Neither DGXX nor RCAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DGXX and RCAT in my portfolio?

DGXX and RCAT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGXX or RCAT?

DGXX has higher volatility (40.62%) compared to RCAT (38.59%). In terms of maximum drawdown, DGXX dropped -69.95% vs RCAT's -99.76%.

Which has better risk-adjusted returns?

DGXX currently has the higher Sharpe Ratio (3.18 vs 0.83), 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.