LUNR vs. RCAT

Last updated Jun 13, 2026

LUNR (Intuitive Machines Inc. ) and RCAT (Red Cat Holdings, Inc.) are both stocks. LUNR operates in Aerospace & Defense (Industrials), while RCAT operates in Software - Application (Technology). Over the past 3 years, LUNR returned 42.24%/yr vs 131.59%/yr for RCAT. At a 0.26 correlation, their price movements are largely independent.

Performance

LUNR vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Intuitive Machines Inc. (LUNR) 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, LUNR achieves a 64.02% return, which is significantly higher than RCAT's 40.98% return.

LUNR

• 1D: -13.12%
• 1M: -25.39%
• YTD: 64.02%
• 6M: 122.39%
• 1Y: 144.44%
• 3Y*: 42.24%
• 5Y*: —
• 10Y*: —

RCAT

• 1D: -6.91%
• 1M: 18.94%
• YTD: 40.98%
• 6M: 39.05%
• 1Y: 27.77%
• 3Y*: 131.59%
• 5Y*: 26.88%
• 10Y*: —

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

LUNR vs. RCAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LUNR Intuitive Machines Inc.	64.02%	-10.63%	610.76%	-74.45%	3.73%	-0.10%
RCAT Red Cat Holdings, Inc.	40.98%	-38.29%	1,360.23%	-6.38%	-54.81%	-19.38%

Correlation

The correlation between LUNR and RCAT is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.26

Over the past year, LUNR and RCAT have become more correlated (0.59) than their long-term average of 0.26, meaning their price movements have been converging.

Fundamentals

Market Cap LUNR : $3.94T RCAT : $1.35B
EPS LUNR : -$0.00 RCAT : -$0.78
PS Ratio LUNR : 2.95K RCAT : 23.24
Total Revenue (TTM) LUNR : $334.27M RCAT : $52.98M
Gross Profit (TTM) LUNR : $85.92M RCAT : $2.86M
EBITDA (TTM) LUNR : -$96.76M RCAT : -$79.24M

Return for Risk

LUNR vs. RCAT — Risk / Return Rank

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

LUNR

LUNR Risk / Return Rank: 81
LUNR Sharpe Ratio Rank: 80
LUNR Sortino Ratio Rank: 81
LUNR Omega Ratio Rank: 77
LUNR Calmar Ratio Rank: 87
LUNR Martin Ratio Rank: 83

RCAT

RCAT Risk / Return Rank: 56
RCAT Sharpe Ratio Rank: 51
RCAT Sortino Ratio Rank: 63
RCAT Omega Ratio Rank: 58
RCAT Calmar Ratio Rank: 54
RCAT Martin Ratio Rank: 53

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.

LUNR vs. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Intuitive Machines Inc. (LUNR) 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.

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.

	LUNR	RCAT	Difference
Sharpe ratio: Return per unit of total volatility	1.31	0.23	+1.08
Sortino ratio: Return per unit of downside risk	2.24	1.28	+0.96
Omega ratio: Gain probability vs. loss probability	1.26	1.14	+0.12
Calmar ratio: Return relative to maximum drawdown	3.47	0.46	+3.00
Martin ratio: Return relative to average drawdown	7.12	0.92	+6.20

LUNR vs. RCAT - Sharpe Ratio Comparison

The current LUNR Sharpe Ratio is 1.31, which is higher than the RCAT Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of LUNR 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.

Drawdowns

LUNR vs. RCAT - Drawdown Comparison

The maximum LUNR drawdown since its inception was -97.43%, roughly equal to the maximum RCAT drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for LUNR and RCAT.

Drawdown Indicators

	LUNR	RCAT	Difference
Max Drawdown Largest peak-to-trough decline	-97.43%	-99.21%	+1.78%
Max Drawdown (1Y) Largest decline over 1 year	-41.94%	-60.08%	+18.14%
Max Drawdown (3Y) Largest decline over 3 years	-78.54%	-67.16%	-11.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-92.25%	—
Current Drawdown Current decline from peak	-67.53%	-35.60%	-31.93%
Average Drawdown Average peak-to-trough decline	-63.21%	-65.98%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.37%	30.17%	-9.80%

Volatility

LUNR vs. RCAT - Volatility Comparison

Intuitive Machines Inc. (LUNR) has a higher volatility of 42.95% compared to Red Cat Holdings, Inc. (RCAT) at 40.71%. This indicates that LUNR'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

	LUNR	RCAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.95%	40.71%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	93.42%	85.22%	+8.20%
Volatility (1Y) Calculated over the trailing 1-year period	111.16%	120.36%	-9.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	171.29%	115.04%	+56.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	171.29%	29,209.75%	-29,038.46%

Dividends

LUNR vs. RCAT - Dividend Comparison

Neither LUNR nor RCAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LUNR and RCAT in my portfolio?

LUNR and RCAT have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LUNR or RCAT?

LUNR has higher volatility (42.95%) compared to RCAT (40.71%). In terms of maximum drawdown, LUNR dropped -97.43% vs RCAT's -99.21%.

Which has better risk-adjusted returns?

LUNR currently has the higher Sharpe Ratio (1.31 vs 0.23), 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.