MP vs. RDW
MP (MP Materials Corp.) and RDW (Redwire Corporation) are both stocks. MP operates in Other Industrial Metals & Mining (Basic Materials), while RDW operates in Aerospace & Defense (Industrials). Over the past 3 years, MP returned 38.10%/yr vs 95.11%/yr for RDW. At a 0.34 correlation, their price movements are largely independent.
Performance
MP vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, MP achieves a 13.97% return, which is significantly lower than RDW's 144.34% return.
MP
- 1D
- -2.70%
- 1M
- -14.61%
- YTD
- 13.97%
- 6M
- -5.92%
- 1Y
- 124.05%
- 3Y*
- 38.10%
- 5Y*
- 11.32%
- 10Y*
- —
RDW
- 1D
- 0.65%
- 1M
- 67.75%
- YTD
- 144.34%
- 6M
- 172.29%
- 1Y
- 0.65%
- 3Y*
- 95.11%
- 5Y*
- —
- 10Y*
- —
MP vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MP MP Materials Corp. | 13.97% | 223.85% | -21.41% | -18.25% | -46.54% | 31.23% |
RDW Redwire Corporation | 144.34% | -53.83% | 477.54% | 43.94% | -70.67% | -35.71% |
Correlation
The correlation between MP and RDW is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2021 | 0.34 |
Fundamentals
MP:
-$0.53
RDW:
-$2.16
MP:
25.37
RDW:
6.96
MP:
$305.30M
RDW:
$370.96M
MP:
$25.30M
RDW:
$34.05M
MP:
$1.52M
RDW:
-$221.85M
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Return for Risk
MP vs. RDW — Risk / Return Rank
MP
RDW
MP vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) and Redwire Corporation (RDW). 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.
| MP | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.11 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 0.01 | +2.31 |
| Martin ratioReturn relative to average drawdown | 3.93 | 0.01 | +3.92 |
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
| MP | RDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.01 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.13 | +0.34 |
Drawdowns
MP vs. RDW - Drawdown Comparison
The maximum MP drawdown since its inception was -81.99%, smaller than the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for MP and RDW.
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Drawdown Indicators
| MP | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -87.26% | +5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -53.79% | -75.40% | +21.61% |
Max Drawdown (3Y)Largest decline over 3 years | -59.47% | -80.28% | +20.81% |
Max Drawdown (5Y)Largest decline over 5 years | -81.99% | — | — |
Current DrawdownCurrent decline from peak | -41.63% | -28.30% | -13.33% |
Average DrawdownAverage peak-to-trough decline | -42.62% | -59.42% | +16.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.68% | 51.64% | -19.96% |
Volatility
MP vs. RDW - Volatility Comparison
The current volatility for MP Materials Corp. (MP) is 22.35%, while Redwire Corporation (RDW) has a volatility of 49.72%. This indicates that MP experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MP | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.35% | 49.72% | -27.37% |
Volatility (6M)Calculated over the trailing 6-month period | 51.12% | 91.25% | -40.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.82% | 117.26% | -23.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.62% | 96.34% | -26.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 96.34% | -23.66% |
Dividends
MP vs. RDW - Dividend Comparison
Neither MP nor RDW has paid dividends to shareholders.
Financials
MP vs. RDW - Financials Comparison
This section allows you to compare key financial metrics between MP Materials Corp. and Redwire Corporation. 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
MP vs. RDW - Profitability Comparison
MP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported a gross profit of 0.00 and revenue of 90.65M. Therefore, the gross margin over that period was 0.0%.
RDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Redwire Corporation reported a gross profit of 25.81M and revenue of 96.97M. Therefore, the gross margin over that period was 26.6%.
MP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported an operating income of 0.00 and revenue of 90.65M, resulting in an operating margin of 0.0%.
RDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Redwire Corporation reported an operating income of -69.70M and revenue of 96.97M, resulting in an operating margin of -71.9%.
MP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported a net income of -7.97M and revenue of 90.65M, resulting in a net margin of -8.8%.
RDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Redwire Corporation reported a net income of -76.50M and revenue of 96.97M, resulting in a net margin of -78.9%.
Frequently Asked Questions
MP and RDW have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (49.72%) compared to MP (22.35%). In terms of maximum drawdown, MP dropped -81.99% vs RDW's -87.26%.
MP currently has the higher Sharpe Ratio (1.33 vs 0.01), 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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