OUST vs. RKLB
OUST (Ouster, Inc.) and RKLB (Rocket Lab USA, Inc.) are both stocks. OUST operates in Electronic Components (Technology), while RKLB operates in Aerospace & Defense (Industrials). Over the past 3 years, OUST returned 93.76%/yr vs 179.23%/yr for RKLB. At a 0.50 correlation, their price movements are largely independent.
Performance
OUST vs. RKLB - Performance Comparison
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Returns By Period
In the year-to-date period, OUST achieves a 88.91% return, which is significantly higher than RKLB's 62.92% return.
OUST
- 1D
- 3.02%
- 1M
- 62.22%
- YTD
- 88.91%
- 6M
- 60.25%
- 1Y
- 180.19%
- 3Y*
- 93.76%
- 5Y*
- -20.38%
- 10Y*
- —
RKLB
- 1D
- 3.24%
- 1M
- 7.76%
- YTD
- 62.92%
- 6M
- 120.42%
- 1Y
- 292.98%
- 3Y*
- 179.23%
- 5Y*
- —
- 10Y*
- —
OUST vs. RKLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OUST Ouster, Inc. | 88.91% | 77.09% | 59.32% | -11.12% | -83.40% | -43.36% |
RKLB Rocket Lab USA, Inc. | 62.92% | 173.89% | 360.58% | 46.68% | -69.30% | 6.14% |
Correlation
The correlation between OUST and RKLB 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 (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021 | 0.50 |
The correlation between OUST and RKLB has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
Fundamentals
OUST:
$2.53B
RKLB:
$68.81B
OUST:
-$0.94
RKLB:
-$0.33
OUST:
13.17
RKLB:
92.89
OUST:
9.17
RKLB:
30.39
OUST:
$185.33M
RKLB:
$679.58M
OUST:
$90.79M
RKLB:
$248.43M
OUST:
-$50.85M
RKLB:
-$177.36M
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Return for Risk
OUST vs. RKLB — Risk / Return Rank
OUST
RKLB
OUST vs. RKLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ouster, Inc. (OUST) 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.
| OUST | RKLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 6.86 | -3.57 |
| Martin ratioReturn relative to average drawdown | 6.10 | 15.94 | -9.84 |
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
| OUST | RKLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 3.20 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.76 | -0.90 |
Drawdowns
OUST vs. RKLB - Drawdown Comparison
The maximum OUST drawdown since its inception was -98.01%, which is greater than RKLB's maximum drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for OUST and RKLB.
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Drawdown Indicators
| OUST | RKLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.01% | -82.96% | -15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -55.15% | -43.01% | -12.14% |
Max Drawdown (3Y)Largest decline over 3 years | -64.00% | -55.49% | -8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -97.57% | — | — |
Current DrawdownCurrent decline from peak | -74.84% | -24.35% | -50.49% |
Average DrawdownAverage peak-to-trough decline | -78.08% | -51.40% | -26.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.68% | 18.48% | +11.20% |
Volatility
OUST vs. RKLB - Volatility Comparison
Ouster, Inc. (OUST) and Rocket Lab USA, Inc. (RKLB) have volatilities of 40.06% and 41.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUST | RKLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.06% | 41.86% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 67.84% | 72.23% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.07% | 92.32% | +8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.60% | 81.48% | +15.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.63% | 81.48% | +14.15% |
Dividends
OUST vs. RKLB - Dividend Comparison
Neither OUST nor RKLB has paid dividends to shareholders.
Financials
OUST vs. RKLB - Financials Comparison
This section allows you to compare key financial metrics between Ouster, 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
OUST vs. RKLB - Profitability Comparison
OUST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ouster, Inc. reported a gross profit of 20.84M and revenue of 48.58M. Therefore, the gross margin over that period was 42.9%.
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%.
OUST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ouster, Inc. reported an operating income of -19.21M and revenue of 48.58M, resulting in an operating margin of -39.6%.
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%.
OUST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ouster, Inc. reported a net income of -17.47M and revenue of 48.58M, resulting in a net margin of -36.0%.
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
OUST and RKLB 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.
RKLB has higher volatility (41.86%) compared to OUST (40.06%). In terms of maximum drawdown, OUST dropped -98.01% vs RKLB's -82.96%.
RKLB currently has the higher Sharpe Ratio (3.20 vs 1.80), 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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