MVST vs. RKLB
MVST (Microvast Holdings, Inc.) and RKLB (Rocket Lab USA, Inc.) are both stocks. Both are in the Industrials sector — MVST in Electrical Equipment & Parts, RKLB in Aerospace & Defense. Over the past 3 years, MVST returned -10.38%/yr vs 158.32%/yr for RKLB. At a 0.39 correlation, their price movements are largely independent.
Performance
MVST vs. RKLB - Performance Comparison
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Returns By Period
In the year-to-date period, MVST achieves a -59.64% return, which is significantly lower than RKLB's 46.77% return.
MVST
- 1D
- 0.00%
- 1M
- -25.66%
- YTD
- -59.64%
- 6M
- -62.46%
- 1Y
- -73.10%
- 3Y*
- -10.38%
- 5Y*
- -39.10%
- 10Y*
- —
RKLB
- 1D
- -10.79%
- 1M
- -17.53%
- YTD
- 46.77%
- 6M
- 66.51%
- 1Y
- 287.84%
- 3Y*
- 158.32%
- 5Y*
- —
- 10Y*
- —
MVST vs. RKLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MVST Microvast Holdings, Inc. | -59.64% | 35.27% | 47.86% | -8.50% | -72.97% | -35.61% |
RKLB Rocket Lab USA, Inc. | 46.77% | 173.89% | 360.58% | 46.68% | -69.30% | 8.67% |
Correlation
The correlation between MVST and RKLB is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | 0.39 |
Fundamentals
MVST:
$435.36M
RKLB:
$61.99B
MVST:
-$0.27
RKLB:
-$0.33
MVST:
1.04
RKLB:
83.69
MVST:
0.93
RKLB:
27.38
MVST:
$371.64M
RKLB:
$679.58M
MVST:
$130.76M
RKLB:
$248.43M
MVST:
-$5.47M
RKLB:
-$177.36M
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Return for Risk
MVST vs. RKLB — Risk / Return Rank
MVST
RKLB
MVST vs. RKLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microvast Holdings, Inc. (MVST) 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.
| MVST | RKLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.89 | ||
| Sortino ratioReturn per unit of downside risk | -4.32 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.38 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 6.74 | -7.63 |
| Martin ratioReturn relative to average drawdown | -1.40 | 15.44 | -16.83 |
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Drawdowns
MVST vs. RKLB - Drawdown Comparison
The maximum MVST drawdown since its inception was -99.34%, which is greater than RKLB's maximum drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for MVST and RKLB.
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Drawdown Indicators
| MVST | RKLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.34% | -82.96% | -16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -82.34% | -43.01% | -39.33% |
Max Drawdown (3Y)Largest decline over 3 years | -94.40% | -55.49% | -38.91% |
Max Drawdown (5Y)Largest decline over 5 years | -98.91% | — | — |
Current DrawdownCurrent decline from peak | -95.39% | -31.84% | -63.55% |
Average DrawdownAverage peak-to-trough decline | -63.32% | -51.29% | -12.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.31% | 18.75% | +33.56% |
Volatility
MVST vs. RKLB - Volatility Comparison
The current volatility for Microvast Holdings, Inc. (MVST) is 26.91%, while Rocket Lab USA, Inc. (RKLB) has a volatility of 31.54%. This indicates that MVST 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
| MVST | RKLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.91% | 31.54% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 77.64% | 73.47% | +4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.37% | 93.03% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.75% | 81.62% | +106.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 159.77% | 81.62% | +78.15% |
Dividends
MVST vs. RKLB - Dividend Comparison
Neither MVST nor RKLB has paid dividends to shareholders.
Financials
MVST vs. RKLB - Financials Comparison
This section allows you to compare key financial metrics between Microvast 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
MVST vs. RKLB - Profitability Comparison
MVST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microvast Holdings, Inc. reported a gross profit of 19.16M and revenue of 60.61M. Therefore, the gross margin over that period was 31.6%.
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%.
MVST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microvast Holdings, Inc. reported an operating income of -7.93M and revenue of 60.61M, resulting in an operating margin of -13.1%.
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%.
MVST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microvast Holdings, Inc. reported a net income of 0.00 and revenue of 60.61M, resulting in a net margin of 0.0%.
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
MVST and RKLB have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKLB has higher volatility (31.54%) compared to MVST (26.91%). In terms of maximum drawdown, MVST dropped -99.34% vs RKLB's -82.96%.
RKLB currently has the higher Sharpe Ratio (3.12 vs -0.77), 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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