INDO vs. RKT

Last updated Jun 23, 2026

INDO (Indonesia Energy Corporation Limited) and RKT (Rocket Companies, Inc.) are both stocks. INDO operates in Oil & Gas E&P (Energy), while RKT operates in Mortgage Finance (Financial Services). Over the past 5 years, INDO returned -14.63%/yr vs -5.40%/yr for RKT. At a 0.04 correlation, their price movements are largely independent.

Performance

INDO vs. RKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Indonesia Energy Corporation Limited (INDO) and Rocket Companies, Inc. (RKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INDO achieves a -10.24% return, which is significantly higher than RKT's -31.10% return.

INDO

• 1D: 0.38%
• 1M: -18.83%
• YTD: -10.24%
• 6M: -20.06%
• 1Y: -48.02%
• 3Y*: -14.65%
• 5Y*: -14.63%
• 10Y*: —

RKT

• 1D: -7.49%
• 1M: -3.26%
• YTD: -31.10%
• 6M: -30.63%
• 1Y: -7.36%
• 3Y*: 17.86%
• 5Y*: -5.40%
• 10Y*: —

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

INDO vs. RKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
INDO Indonesia Energy Corporation Limited	-10.24%	5.40%	2.58%	-41.85%	66.43%	-62.67%	61.29%
RKT Rocket Companies, Inc.	-31.10%	81.69%	-22.24%	106.86%	-46.18%	-27.56%	12.33%

Correlation

The correlation between INDO and RKT is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Aug 6, 2020	0.04

The correlation between INDO and RKT shifts across timeframes, from -0.14 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap INDO : $39.42M RKT : $37.98B
EPS INDO : -$0.76 RKT : $0.12
PS Ratio INDO : 8.42 RKT : 3.06
PB Ratio INDO : 2.01 RKT : 1.63
Total Revenue (TTM) INDO : $4.68M RKT : $8.68B
Gross Profit (TTM) INDO : -$1.89M RKT : $5.20B
EBITDA (TTM) INDO : -$8.73M RKT : $1.52B

Return for Risk

INDO vs. RKT — Risk / Return Rank

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

INDO

INDO Risk / Return Rank: 19
INDO Sharpe Ratio Rank: 19
INDO Sortino Ratio Rank: 23
INDO Omega Ratio Rank: 23
INDO Calmar Ratio Rank: 13
INDO Martin Ratio Rank: 16

RKT

RKT Risk / Return Rank: 37
RKT Sharpe Ratio Rank: 37
RKT Sortino Ratio Rank: 37
RKT Omega Ratio Rank: 36
RKT Calmar Ratio Rank: 37
RKT Martin Ratio Rank: 37

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.

INDO vs. RKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Indonesia Energy Corporation Limited (INDO) and Rocket Companies, Inc. (RKT). 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.

	INDO	RKT	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	-0.12	-0.41
Sortino ratio: Return per unit of downside risk	-0.35	0.25	-0.61
Omega ratio: Gain probability vs. loss probability	0.95	1.03	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.76	-0.16	-0.61
Martin ratio: Return relative to average drawdown	-1.17	-0.31	-0.86

INDO vs. RKT - Sharpe Ratio Comparison

The current INDO Sharpe Ratio is -0.53, which is lower than the RKT Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of INDO and RKT, 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

INDO vs. RKT - Drawdown Comparison

The maximum INDO drawdown since its inception was -96.57%, which is greater than RKT's maximum drawdown of -83.00%. Use the drawdown chart below to compare losses from any high point for INDO and RKT.

Drawdown Indicators

	INDO	RKT	Difference
Max Drawdown Largest peak-to-trough decline	-96.57%	-83.00%	-13.57%
Max Drawdown (1Y) Largest decline over 1 year	-63.06%	-47.31%	-15.75%
Max Drawdown (3Y) Largest decline over 3 years	-65.13%	-50.60%	-14.53%
Max Drawdown (5Y) Largest decline over 5 years	-96.57%	-66.53%	-30.04%
Current Drawdown Current decline from peak	-95.72%	-61.83%	-33.89%
Average Drawdown Average peak-to-trough decline	-78.54%	-60.14%	-18.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.55%	24.01%	+18.54%

Volatility

INDO vs. RKT - Volatility Comparison

The current volatility for Indonesia Energy Corporation Limited (INDO) is 19.95%, while Rocket Companies, Inc. (RKT) has a volatility of 21.40%. This indicates that INDO experiences smaller price fluctuations and is considered to be less risky than RKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDO	RKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.95%	21.40%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	80.19%	46.00%	+34.19%
Volatility (1Y) Calculated over the trailing 1-year period	90.59%	60.36%	+30.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.52%	54.10%	+91.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.82%	65.13%	+80.69%

Dividends

INDO vs. RKT - Dividend Comparison

Neither INDO nor RKT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
INDO Indonesia Energy Corporation Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RKT Rocket Companies, Inc.	0.00%	4.13%	0.00%	0.00%	14.43%	7.93%

Financials

Frequently Asked Questions

Can I hold both INDO and RKT in my portfolio?

INDO and RKT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INDO or RKT?

RKT has higher volatility (21.40%) compared to INDO (19.95%). In terms of maximum drawdown, INDO dropped -96.57% vs RKT's -83.00%.

Which has better risk-adjusted returns?

RKT currently has the higher Sharpe Ratio (-0.12 vs -0.53), 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.