NERD vs. RDW
NERD (Roundhill Video Games ETF) is Gaming fund actively managed by Roundhill Investments, while RDW (Redwire Corporation) is a stock. Over the past 3 years, NERD returned 9.13%/yr vs 79.83%/yr for RDW. At a 0.38 correlation, their price movements are largely independent.
Performance
NERD vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, NERD achieves a -18.01% return, which is significantly lower than RDW's 98.95% return.
NERD
- 1D
- -0.41%
- 1M
- -4.10%
- YTD
- -18.01%
- 6M
- -19.37%
- 1Y
- -21.50%
- 3Y*
- 9.13%
- 5Y*
- -8.51%
- 10Y*
- —
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
NERD vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | -18.01% | 23.14% | 28.52% | 12.94% | -43.30% | -13.16% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between NERD and RDW is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.38 |
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Return for Risk
NERD vs. RDW — Risk / Return Rank
NERD
RDW
NERD vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) 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.
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.
| NERD | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.07 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.29 | -0.40 |
| Martin ratioReturn relative to average drawdown | -1.23 | -0.42 | -0.81 |
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Drawdowns
NERD vs. RDW - Drawdown Comparison
The maximum NERD drawdown since its inception was -65.58%, smaller than the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for NERD and RDW.
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Drawdown Indicators
| NERD | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -87.26% | +21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -31.19% | -75.40% | +44.21% |
Max Drawdown (3Y)Largest decline over 3 years | -31.19% | -80.28% | +49.09% |
Max Drawdown (5Y)Largest decline over 5 years | -58.92% | — | — |
Current DrawdownCurrent decline from peak | -46.82% | -41.62% | -5.20% |
Average DrawdownAverage peak-to-trough decline | -35.92% | -59.30% | +23.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.50% | 51.88% | -34.38% |
Volatility
NERD vs. RDW - Volatility Comparison
The current volatility for Roundhill Video Games ETF (NERD) is 4.21%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that NERD 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
| NERD | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 53.68% | -49.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 94.49% | -79.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 118.63% | -98.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 96.83% | -72.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 96.83% | -71.34% |
Dividends
NERD vs. RDW - Dividend Comparison
NERD's dividend yield for the trailing twelve months is around 0.77%, while RDW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | 0.77% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% |
RDW Redwire Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NERD and RDW have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to NERD (4.21%). In terms of maximum drawdown, NERD dropped -65.58% vs RDW's -87.26%.
RDW currently has the higher Sharpe Ratio (-0.18 vs -1.09), 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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