KRMN vs. RKLB
KRMN (Karman Holdings Inc.) and RKLB (Rocket Lab USA, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past year, KRMN returned -1.63% vs 190.18% for RKLB. At a 0.47 correlation, their price movements are largely independent.
Performance
KRMN vs. RKLB - Performance Comparison
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Returns By Period
In the year-to-date period, KRMN achieves a -36.61% return, which is significantly lower than RKLB's 36.35% return.
KRMN
- 1D
- -2.77%
- 1M
- -27.64%
- YTD
- -36.61%
- 6M
- -42.01%
- 1Y
- -1.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RKLB
- 1D
- -5.16%
- 1M
- -29.94%
- YTD
- 36.35%
- 6M
- 23.24%
- 1Y
- 190.18%
- 3Y*
- 157.98%
- 5Y*
- —
- 10Y*
- —
KRMN vs. RKLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KRMN Karman Holdings Inc. | -36.61% | 143.90% |
RKLB Rocket Lab USA, Inc. | 36.35% | 152.57% |
Correlation
The correlation between KRMN and RKLB is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | 0.47 |
The correlation between KRMN and RKLB has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
Fundamentals
KRMN:
$6.15B
RKLB:
$57.59B
KRMN:
$0.23
RKLB:
-$0.33
KRMN:
11.75
RKLB:
77.74
KRMN:
12.04
RKLB:
25.43
KRMN:
$522.59M
RKLB:
$679.58M
KRMN:
$183.01M
RKLB:
$248.43M
KRMN:
$108.54M
RKLB:
-$177.36M
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Return for Risk
KRMN vs. RKLB — Risk / Return Rank
KRMN
RKLB
KRMN vs. RKLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Karman Holdings Inc. (KRMN) and Rocket Lab USA, Inc. (RKLB). 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.
| KRMN | RKLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.31 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 4.45 | -4.48 |
| Martin ratioReturn relative to average drawdown | -0.07 | 9.88 | -9.94 |
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Drawdowns
KRMN vs. RKLB - Drawdown Comparison
The maximum KRMN drawdown since its inception was -60.21%, smaller than the maximum RKLB drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for KRMN and RKLB.
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Drawdown Indicators
| KRMN | RKLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.21% | -82.96% | +22.75% |
Max Drawdown (1Y)Largest decline over 1 year | -60.21% | -43.01% | -17.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -55.49% | — |
Current DrawdownCurrent decline from peak | -59.77% | -36.68% | -23.09% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -51.18% | +36.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.74% | 19.34% | +5.40% |
Volatility
KRMN vs. RKLB - Volatility Comparison
The current volatility for Karman Holdings Inc. (KRMN) is 24.99%, while Rocket Lab USA, Inc. (RKLB) has a volatility of 30.48%. This indicates that KRMN experiences smaller price fluctuations and is considered to be less risky than RKLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRMN | RKLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.99% | 30.48% | -5.49% |
Volatility (6M)Calculated over the trailing 6-month period | 58.42% | 72.21% | -13.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.47% | 93.17% | -22.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.80% | 81.60% | -12.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.80% | 81.60% | -12.80% |
Dividends
KRMN vs. RKLB - Dividend Comparison
Neither KRMN nor RKLB has paid dividends to shareholders.
Financials
KRMN vs. RKLB - Financials Comparison
This section allows you to compare key financial metrics between Karman Holdings Inc. and Rocket Lab USA, 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. RKLB - 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%.
RKLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rocket Lab USA, Inc. reported a gross profit of 76.49M and revenue of 200.35M. Therefore, the gross margin over that period was 38.2%.
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%.
RKLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rocket Lab USA, Inc. reported an operating income of -55.97M and revenue of 200.35M, resulting in an operating margin of -27.9%.
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%.
RKLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rocket Lab USA, Inc. reported a net income of -45.02M and revenue of 200.35M, resulting in a net margin of -22.5%.
Frequently Asked Questions
KRMN and RKLB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKLB has higher volatility (30.48%) compared to KRMN (24.99%). In terms of maximum drawdown, KRMN dropped -60.21% vs RKLB's -82.96%.
RKLB currently has the higher Sharpe Ratio (2.06 vs -0.02), 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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