KRMN vs. MRCY
KRMN (Karman Holdings Inc.) and MRCY (Mercury Systems, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past year, KRMN returned 18.60% vs 119.49% for MRCY. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
KRMN vs. MRCY - Performance Comparison
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Returns By Period
In the year-to-date period, KRMN achieves a -29.15% return, which is significantly lower than MRCY's 52.84% return.
KRMN
- 1D
- -5.14%
- 1M
- -20.64%
- YTD
- -29.15%
- 6M
- -21.55%
- 1Y
- 18.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRCY
- 1D
- -1.13%
- 1M
- 42.10%
- YTD
- 52.84%
- 6M
- 58.89%
- 1Y
- 119.49%
- 3Y*
- 39.59%
- 5Y*
- 10.98%
- 10Y*
- 17.98%
KRMN vs. MRCY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KRMN Karman Holdings Inc. | -29.15% | 143.49% |
MRCY Mercury Systems, Inc. | 52.84% | 59.97% |
Correlation
The correlation between KRMN and MRCY is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.51 |
The correlation between KRMN and MRCY has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.
Fundamentals
KRMN:
$6.87B
MRCY:
$6.63B
KRMN:
$0.23
MRCY:
-$0.24
KRMN:
13.13
MRCY:
6.83
KRMN:
13.46
MRCY:
4.48
KRMN:
$522.59M
MRCY:
$966.95M
KRMN:
$183.01M
MRCY:
$277.35M
KRMN:
$108.54M
MRCY:
-$12.94M
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Return for Risk
KRMN vs. MRCY — Risk / Return Rank
KRMN
MRCY
KRMN vs. MRCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Karman Holdings Inc. (KRMN) and Mercury Systems, Inc. (MRCY). 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.
| KRMN | MRCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.39 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 3.73 | -3.39 |
| Martin ratioReturn relative to average drawdown | 0.89 | 9.32 | -8.44 |
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
| KRMN | MRCY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 2.15 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.21 | +0.56 |
Drawdowns
KRMN vs. MRCY - Drawdown Comparison
The maximum KRMN drawdown since its inception was -55.04%, smaller than the maximum MRCY drawdown of -95.95%. Use the drawdown chart below to compare losses from any high point for KRMN and MRCY.
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Drawdown Indicators
| KRMN | MRCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.04% | -95.95% | +40.91% |
Max Drawdown (1Y)Largest decline over 1 year | -55.04% | -32.19% | -22.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.73% | — |
Current DrawdownCurrent decline from peak | -55.04% | -1.13% | -53.91% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -53.80% | +40.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.06% | 12.87% | +8.19% |
Volatility
KRMN vs. MRCY - Volatility Comparison
Karman Holdings Inc. (KRMN) has a higher volatility of 23.30% compared to Mercury Systems, Inc. (MRCY) at 16.48%. This indicates that KRMN's price experiences larger fluctuations and is considered to be riskier than MRCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRMN | MRCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.30% | 16.48% | +6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 42.71% | +13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.04% | 55.79% | +13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.47% | 45.72% | +22.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.47% | 43.86% | +24.61% |
Dividends
KRMN vs. MRCY - Dividend Comparison
Neither KRMN nor MRCY has paid dividends to shareholders.
Financials
KRMN vs. MRCY - Financials Comparison
This section allows you to compare key financial metrics between Karman Holdings Inc. and Mercury Systems, 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
KRMN vs. MRCY - Profitability Comparison
KRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported a gross profit of 63.87M and revenue of 151.21M. Therefore, the gross margin over that period was 42.2%.
MRCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported a gross profit of 69.05M and revenue of 235.76M. Therefore, the gross margin over that period was 29.3%.
KRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported an operating income of 21.45M and revenue of 151.21M, resulting in an operating margin of 14.2%.
MRCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported an operating income of 5.23M and revenue of 235.76M, resulting in an operating margin of 2.2%.
KRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karman Holdings Inc. reported a net income of 7.79M and revenue of 151.21M, resulting in a net margin of 5.2%.
MRCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported a net income of -2.86M and revenue of 235.76M, resulting in a net margin of -1.2%.
Frequently Asked Questions
KRMN and MRCY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRMN has higher volatility (23.30%) compared to MRCY (16.48%). In terms of maximum drawdown, KRMN dropped -55.04% vs MRCY's -95.95%.
MRCY currently has the higher Sharpe Ratio (2.15 vs 0.27), 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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