MRCY vs. KRMN
MRCY (Mercury Systems, Inc.) and KRMN (Karman Holdings Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past year, MRCY returned 119.49% vs 18.60% for KRMN. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MRCY vs. KRMN - Performance Comparison
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Returns By Period
In the year-to-date period, MRCY achieves a 52.84% return, which is significantly higher than KRMN's -29.15% return.
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
- 1D
- -5.14%
- 1M
- -20.64%
- YTD
- -29.15%
- 6M
- -21.55%
- 1Y
- 18.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRCY vs. KRMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MRCY Mercury Systems, Inc. | 52.84% | 59.97% |
KRMN Karman Holdings Inc. | -29.15% | 143.49% |
Correlation
The correlation between MRCY and KRMN 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 MRCY and KRMN has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.
Fundamentals
MRCY:
$6.63B
KRMN:
$6.87B
MRCY:
-$0.24
KRMN:
$0.23
MRCY:
6.83
KRMN:
13.13
MRCY:
4.48
KRMN:
13.46
MRCY:
$966.95M
KRMN:
$522.59M
MRCY:
$277.35M
KRMN:
$183.01M
MRCY:
-$12.94M
KRMN:
$108.54M
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Return for Risk
MRCY vs. KRMN — Risk / Return Rank
MRCY
KRMN
MRCY vs. KRMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercury Systems, Inc. (MRCY) and Karman Holdings Inc. (KRMN). 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.
| MRCY | KRMN | 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 | 1.39 | 1.11 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 0.34 | +3.39 |
| Martin ratioReturn relative to average drawdown | 9.32 | 0.89 | +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
| MRCY | KRMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 0.27 | +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 | 0.21 | 0.77 | -0.56 |
Drawdowns
MRCY vs. KRMN - Drawdown Comparison
The maximum MRCY drawdown since its inception was -95.95%, which is greater than KRMN's maximum drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for MRCY and KRMN.
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Drawdown Indicators
| MRCY | KRMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.95% | -55.04% | -40.91% |
Max Drawdown (1Y)Largest decline over 1 year | -32.19% | -55.04% | +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 | -1.13% | -55.04% | +53.91% |
Average DrawdownAverage peak-to-trough decline | -53.80% | -13.11% | -40.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.87% | 21.06% | -8.19% |
Volatility
MRCY vs. KRMN - Volatility Comparison
The current volatility for Mercury Systems, Inc. (MRCY) is 16.48%, while Karman Holdings Inc. (KRMN) has a volatility of 23.30%. This indicates that MRCY experiences smaller price fluctuations and is considered to be less risky than KRMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRCY | KRMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 23.30% | -6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 42.71% | 56.62% | -13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.79% | 69.04% | -13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.72% | 68.47% | -22.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.86% | 68.47% | -24.61% |
Dividends
MRCY vs. KRMN - Dividend Comparison
Neither MRCY nor KRMN has paid dividends to shareholders.
Financials
MRCY vs. KRMN - Financials Comparison
This section allows you to compare key financial metrics between Mercury Systems, Inc. and Karman Holdings 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
MRCY vs. KRMN - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
MRCY and KRMN 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, MRCY dropped -95.95% vs KRMN's -55.04%.
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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