PKB vs. RDW
PKB (Invesco Dynamic Building & Construction ETF) is Building & Construction fund tracking the Dynamic Building & Construction Intellidex Index, while RDW (Redwire Corporation) is a stock. Over the past 3 years, PKB returned 27.82%/yr vs 79.83%/yr for RDW. At a 0.40 correlation, their price movements are largely independent.
Performance
PKB vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, PKB achieves a 14.33% return, which is significantly lower than RDW's 98.95% return.
PKB
- 1D
- 1.14%
- 1M
- 1.78%
- YTD
- 14.33%
- 6M
- 10.23%
- 1Y
- 34.86%
- 3Y*
- 27.82%
- 5Y*
- 16.59%
- 10Y*
- 15.78%
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
PKB vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PKB Invesco Dynamic Building & Construction ETF | 14.33% | 22.47% | 20.24% | 55.29% | -24.88% | 6.56% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between PKB and RDW is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.40 |
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Return for Risk
PKB vs. RDW — Risk / Return Rank
PKB
RDW
PKB vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) 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.
| PKB | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | -0.29 | +2.56 |
| Martin ratioReturn relative to average drawdown | 7.21 | -0.42 | +7.63 |
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Drawdowns
PKB vs. RDW - Drawdown Comparison
The maximum PKB drawdown since its inception was -65.21%, smaller than the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for PKB and RDW.
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Drawdown Indicators
| PKB | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.21% | -87.26% | +22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -15.41% | -75.40% | +59.99% |
Max Drawdown (3Y)Largest decline over 3 years | -29.75% | -80.28% | +50.53% |
Max Drawdown (5Y)Largest decline over 5 years | -34.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.29% | — | — |
Current DrawdownCurrent decline from peak | -4.31% | -41.62% | +37.31% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -59.30% | +43.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 51.88% | -47.02% |
Volatility
PKB vs. RDW - Volatility Comparison
The current volatility for Invesco Dynamic Building & Construction ETF (PKB) is 8.73%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that PKB 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
| PKB | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 53.68% | -44.95% |
Volatility (6M)Calculated over the trailing 6-month period | 18.69% | 94.49% | -75.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 118.63% | -94.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 96.83% | -71.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.29% | 96.83% | -69.54% |
Dividends
PKB vs. RDW - Dividend Comparison
PKB's dividend yield for the trailing twelve months is around 0.14%, while RDW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKB Invesco Dynamic Building & Construction ETF | 0.14% | 0.14% | 0.23% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% |
RDW Redwire Corporation | 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
PKB and RDW have a correlation of 0.35, 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 PKB (8.73%). In terms of maximum drawdown, PKB dropped -65.21% vs RDW's -87.26%.
PKB currently has the higher Sharpe Ratio (1.47 vs -0.18), 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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