OPAL vs. RYCEY

Last updated Jun 3, 2026

OPAL (OPAL Fuels Inc) and RYCEY (Rolls-Royce Holdings plc) are both stocks. OPAL operates in Utilities - Regulated Gas (Utilities), while RYCEY operates in Aerospace & Defense (Industrials). Over the past 3 years, OPAL returned -28.77%/yr vs 110.91%/yr for RYCEY. At a 0.12 correlation, their price movements are largely independent.

Performance

OPAL vs. RYCEY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OPAL Fuels Inc (OPAL) and Rolls-Royce Holdings plc (RYCEY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OPAL achieves a -3.18% return, which is significantly lower than RYCEY's 7.91% return.

OPAL

• 1D: 0.44%
• 1M: 3.64%
• YTD: -3.18%
• 6M: -0.22%
• 1Y: -32.54%
• 3Y*: -28.77%
• 5Y*: —
• 10Y*: —

RYCEY

• 1D: -1.69%
• 1M: 4.65%
• YTD: 7.91%
• 6M: 17.47%
• 1Y: 38.93%
• 3Y*: 110.91%
• 5Y*: 62.18%
• 10Y*: 7.64%

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

OPAL vs. RYCEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OPAL OPAL Fuels Inc	-3.18%	-30.53%	-38.59%	-24.18%	-6.55%
RYCEY Rolls-Royce Holdings plc	7.91%	123.64%	88.21%	253.27%	-7.76%

Correlation

The correlation between OPAL and RYCEY is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022	0.12

Fundamentals

Market Cap OPAL : $64.52M RYCEY : $141.92B
EPS OPAL : $0.33 RYCEY : $0.99
PE Ratio OPAL : 6.82 RYCEY : 17.06
PEG Ratio OPAL : 0.03 RYCEY : 0.04
PS Ratio OPAL : 0.20 RYCEY : 3.56
Total Revenue (TTM) OPAL : $336.94M RYCEY : $40.04B
Gross Profit (TTM) OPAL : $76.87M RYCEY : $10.10B
EBITDA (TTM) OPAL : $13.69M RYCEY : $8.04B

Return for Risk

OPAL vs. RYCEY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OPAL

OPAL Risk / Return Rank: 19
OPAL Sharpe Ratio Rank: 22
OPAL Sortino Ratio Rank: 24
OPAL Omega Ratio Rank: 24
OPAL Calmar Ratio Rank: 8
OPAL Martin Ratio Rank: 15

RYCEY

RYCEY Risk / Return Rank: 70
RYCEY Sharpe Ratio Rank: 72
RYCEY Sortino Ratio Rank: 68
RYCEY Omega Ratio Rank: 66
RYCEY Calmar Ratio Rank: 72
RYCEY Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OPAL vs. RYCEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OPAL Fuels Inc (OPAL) and Rolls-Royce Holdings plc (RYCEY). 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.

	OPAL	RYCEY	Difference
Sharpe ratio Return per unit of total volatility	-0.44	1.04	-1.48
Sortino ratio Return per unit of downside risk	-0.25	1.67	-1.93
Omega ratio Gain probability vs. loss probability	0.97	1.20	-0.23
Calmar ratio Return relative to maximum drawdown	-0.84	1.80	-2.64
Martin ratio Return relative to average drawdown	-1.18	5.14	-6.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OPAL vs. RYCEY - Sharpe Ratio Comparison

The current OPAL Sharpe Ratio is -0.44, which is lower than the RYCEY Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of OPAL and RYCEY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OPAL	RYCEY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	1.04	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.23	-0.17

Drawdowns

OPAL vs. RYCEY - Drawdown Comparison

The maximum OPAL drawdown since its inception was -88.70%, smaller than the maximum RYCEY drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for OPAL and RYCEY.

Drawdown Indicators

	OPAL	RYCEY	Difference
Max Drawdown Largest peak-to-trough decline	-88.70%	-99.07%	+10.37%
Max Drawdown (1Y) Largest decline over 1 year	-40.85%	-21.75%	-19.10%
Max Drawdown (3Y) Largest decline over 3 years	-84.30%	-23.37%	-60.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-62.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.64%	—
Current Drawdown Current decline from peak	-80.17%	-78.58%	-1.59%
Average Drawdown Average peak-to-trough decline	-58.15%	-84.19%	+26.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.20%	7.59%	+22.61%

Volatility

OPAL vs. RYCEY - Volatility Comparison

OPAL Fuels Inc (OPAL) has a higher volatility of 14.44% compared to Rolls-Royce Holdings plc (RYCEY) at 13.12%. This indicates that OPAL's price experiences larger fluctuations and is considered to be riskier than RYCEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OPAL	RYCEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.44%	13.12%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	55.54%	32.77%	+22.77%
Volatility (1Y) Calculated over the trailing 1-year period	74.83%	37.76%	+37.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.63%	43.52%	+24.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.63%	49.34%	+18.29%

Dividends

OPAL vs. RYCEY - Dividend Comparison

OPAL has not paid dividends to shareholders, while RYCEY's dividend yield for the trailing twelve months is around 0.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OPAL OPAL Fuels 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%
RYCEY Rolls-Royce Holdings plc	0.75%	0.86%	0.00%	0.00%	0.00%	0.00%	5.51%	1.56%	1.32%	1.55%	4.19%	14.44%

Financials

OPAL vs. RYCEY - Profitability Comparison

The chart below illustrates the profitability comparison between OPAL Fuels Inc and Rolls-Royce Holdings plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OPAL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, OPAL Fuels Inc reported a gross profit of 0.00 and revenue of 73.38M. Therefore, the gross margin over that period was 0.0%.

RYCEY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rolls-Royce Holdings plc reported a gross profit of 3.19B and revenue of 11.64B. Therefore, the gross margin over that period was 27.4%.

OPAL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, OPAL Fuels Inc reported an operating income of -11.30M and revenue of 73.38M, resulting in an operating margin of -15.4%.

RYCEY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rolls-Royce Holdings plc reported an operating income of 3.23B and revenue of 11.64B, resulting in an operating margin of 27.7%.

OPAL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, OPAL Fuels Inc reported a net income of -2.64M and revenue of 73.38M, resulting in a net margin of -3.6%.

RYCEY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rolls-Royce Holdings plc reported a net income of 1.42B and revenue of 11.64B, resulting in a net margin of 12.2%.

Frequently Asked Questions

Can I hold both OPAL and RYCEY in my portfolio?

OPAL and RYCEY have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OPAL or RYCEY?

OPAL has higher volatility (14.44%) compared to RYCEY (13.12%). In terms of maximum drawdown, OPAL dropped -88.70% vs RYCEY's -99.07%.

Which has better risk-adjusted returns?

RYCEY currently has the higher Sharpe Ratio (1.04 vs -0.44), 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.