FLY vs. ASTS

Last updated Jul 11, 2026

FLY (Firefly Aerospace Inc) and ASTS (AST SpaceMobile, Inc.) are both stocks. FLY operates in Aerospace & Defense (Industrials), while ASTS operates in Communication Equipment (Technology). A 0.62 correlation means they provide meaningful diversification when combined.

Performance

FLY vs. ASTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Firefly Aerospace Inc (FLY) and AST SpaceMobile, Inc. (ASTS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLY achieves a 7.69% return, which is significantly higher than ASTS's 0.95% return.

FLY

• 1D: -4.71%
• 1M: -24.41%
• 6M: -19.99%
• YTD: 7.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASTS

• 1D: -0.76%
• 1M: -11.03%
• 6M: -24.93%
• YTD: 0.95%
• 1Y: 60.86%
• 3Y*: 154.46%
• 5Y*: 41.86%
• 10Y*: —

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

FLY vs. ASTS - Yearly Performance Comparison

	2026 (YTD)	2025
FLY Firefly Aerospace Inc	7.69%	-68.04%
ASTS AST SpaceMobile, Inc.	0.95%	40.24%

Correlation

The correlation between FLY and ASTS is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025	0.62

Fundamentals

Market Cap FLY : $3.96B ASTS : $29.83B
EPS FLY : -$2.17 ASTS : -$1.78
PS Ratio FLY : 20.13 ASTS : 235.81
PB Ratio FLY : 3.48 ASTS : 8.01
Total Revenue (TTM) FLY : $184.88M ASTS : $84.94M
Gross Profit (TTM) FLY : $40.11M ASTS : -$22.93M
EBITDA (TTM) FLY : -$266.77M ASTS : -$536.80M

Return for Risk

FLY vs. ASTS — Risk / Return Rank

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

FLY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ASTS

ASTS Risk / Return Rank: 69
ASTS Sharpe Ratio Rank: 66
ASTS Sortino Ratio Rank: 71
ASTS Omega Ratio Rank: 67
ASTS Calmar Ratio Rank: 71
ASTS Martin Ratio Rank: 68

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.

FLY vs. ASTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Firefly Aerospace Inc (FLY) and AST SpaceMobile, Inc. (ASTS). 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.

	FLY	ASTS	Difference
Sharpe ratio: Return per unit of total volatility	—	0.62	—
Sortino ratio: Return per unit of downside risk	—	1.56	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.32	—
Martin ratio: Return relative to average drawdown	—	2.51	—

Drawdowns

FLY vs. ASTS - Drawdown Comparison

The maximum FLY drawdown since its inception was -76.03%, smaller than the maximum ASTS drawdown of -85.57%. Use the drawdown chart below to compare losses from any high point for FLY and ASTS.

Drawdown Indicators

	FLY	ASTS	Difference
Max Drawdown Largest peak-to-trough decline	-76.03%	-85.57%	+9.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-68.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-85.57%	—
Current Drawdown Current decline from peak	-65.59%	-44.91%	-20.68%
Average Drawdown Average peak-to-trough decline	-55.79%	-40.52%	-15.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.64%	—

Volatility

Volatility by Period

	FLY	ASTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	36.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	81.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	114.30%	108.05%	+6.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.30%	109.48%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.30%	111.04%	+3.26%

Dividends

FLY vs. ASTS - Dividend Comparison

Neither FLY nor ASTS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both FLY and ASTS in my portfolio?

FLY and ASTS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.