NDAAX vs. RKLB

Last updated Aug 4, 2026

NDAAX (Nationwide Investor Destinations Aggressive Fund) is Diversified Portfolio fund managed by Nationwide, while RKLB (Rocket Lab USA, Inc.) is a stock. Over the past 3 years, NDAAX returned 16.11%/yr vs 117.66%/yr for RKLB. Their 0.51 correlation means they have sometimes moved together and sometimes differently.

Performance

NDAAX vs. RKLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nationwide Investor Destinations Aggressive Fund (NDAAX) and Rocket Lab USA, Inc. (RKLB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDAAX achieves a 11.89% return, which is significantly higher than RKLB's 0.96% return.

NDAAX

• 1D: 0.09%
• 1M: 0.28%
• 6M: 7.83%
• YTD: 11.89%
• 1Y: 23.16%
• 3Y*: 16.11%
• 5Y*: 8.87%
• 10Y*: 10.01%
• ALL TIME*: 6.01%

RKLB

• 1D: 8.44%
• 1M: -29.89%
• 6M: -5.02%
• YTD: 0.96%
• 1Y: 57.17%
• 3Y*: 117.66%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 44.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NDAAX Nationwide Investor Destinations Aggressive Fund	$0.00	$0.00	$0.00
RKLB Rocket Lab USA, Inc.	$1.16B	$1.36B	$2.75B

NDAAX vs. RKLB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NDAAX Nationwide Investor Destinations Aggressive Fund	11.89%	17.35%	14.01%	20.48%	-18.33%	3.06%
RKLB Rocket Lab USA, Inc.	0.96%	173.89%	360.58%	46.68%	-69.30%	8.67%

Correlation

The correlation between NDAAX and RKLB is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021	0.51

The correlation between NDAAX and RKLB has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

Return for Risk

NDAAX vs. RKLB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NDAAX

NDAAX Risk / Return Rank: 70
NDAAX Sharpe Ratio Rank: 67
NDAAX Sortino Ratio Rank: 66
NDAAX Omega Ratio Rank: 64
NDAAX Calmar Ratio Rank: 72
NDAAX Martin Ratio Rank: 81

RKLB

RKLB Risk / Return Rank: 67
RKLB Sharpe Ratio Rank: 65
RKLB Sortino Ratio Rank: 69
RKLB Omega Ratio Rank: 66
RKLB Calmar Ratio Rank: 65
RKLB Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NDAAX vs. RKLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nationwide Investor Destinations Aggressive Fund (NDAAX) 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.

	NDAAX	RKLB	Difference
Sharpe ratio: Return per unit of total volatility	1.69	0.60	+1.09
Sortino ratio: Return per unit of downside risk	2.41	1.46	+0.95
Omega ratio: Gain probability vs. loss probability	1.31	1.17	+0.14
Calmar ratio: Return relative to maximum drawdown	2.49	0.94	+1.55
Martin ratio: Return relative to average drawdown	10.57	2.30	+8.27

NDAAX vs. RKLB - Sharpe Ratio Comparison

The current NDAAX Sharpe Ratio is 1.69, which is higher than the RKLB Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of NDAAX and RKLB, 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

NDAAX vs. RKLB - Drawdown Comparison

The maximum NDAAX drawdown since its inception was -55.26%, smaller than the maximum RKLB drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for NDAAX and RKLB.

Drawdown Indicators

	NDAAX	RKLB	Difference
Max Drawdown Largest peak-to-trough decline	-55.26%	-82.96%	+27.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-60.99%	+52.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.84%	-60.99%	+45.15%
Max Drawdown (5Y) Largest decline over 5 years	-29.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.67%	—	—
Current Drawdown Current decline from peak	-0.67%	-53.12%	+52.45%
Average Drawdown Average peak-to-trough decline	-10.36%	-51.12%	+40.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	24.94%	-22.88%

Volatility

NDAAX vs. RKLB - Volatility Comparison

The current volatility for Nationwide Investor Destinations Aggressive Fund (NDAAX) is 3.73%, while Rocket Lab USA, Inc. (RKLB) has a volatility of 27.53%. This indicates that NDAAX 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.

Volatility by Period

	NDAAX	RKLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	27.53%	-23.80%
Volatility (6M) Calculated over the trailing 6-month period	10.76%	73.68%	-62.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	95.93%	-82.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	82.17%	-66.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	82.17%	-65.29%

Dividends

NDAAX vs. RKLB - Dividend Comparison

NDAAX's dividend yield for the trailing twelve months is around 9.51%, while RKLB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDAAX Nationwide Investor Destinations Aggressive Fund	9.51%	10.60%	18.58%	5.92%	3.68%	6.69%	5.75%	8.80%	14.29%	12.98%	9.26%	7.45%
RKLB Rocket Lab USA, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NDAAX and RKLB in my portfolio?

NDAAX and RKLB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDAAX or RKLB?

RKLB has higher volatility (27.53%) compared to NDAAX (3.73%). In terms of maximum drawdown, NDAAX dropped -55.26% vs RKLB's -82.96%.

Which has better risk-adjusted returns?

NDAAX currently has the higher Sharpe Ratio (1.69 vs 0.60), 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.