RCAT vs. AIRO

Last updated Jun 4, 2026

RCAT (Red Cat Holdings, Inc.) and AIRO (AIRO Group Holdings, Inc) are both stocks. RCAT operates in Software - Application (Technology), while AIRO operates in Aerospace & Defense (Industrials). A 0.53 correlation means they provide meaningful diversification when combined.

Performance

RCAT vs. AIRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Red Cat Holdings, Inc. (RCAT) and AIRO Group Holdings, Inc (AIRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RCAT achieves a 73.90% return, which is significantly higher than AIRO's 14.18% return.

RCAT

• 1D: -7.76%
• 1M: 25.36%
• YTD: 73.90%
• 6M: 82.65%
• 1Y: 98.99%
• 3Y*: 142.10%
• 5Y*: 42.10%
• 10Y*: —

AIRO

• 1D: -1.27%
• 1M: 29.01%
• YTD: 14.18%
• 6M: 6.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RCAT vs. AIRO - Yearly Performance Comparison

	2026 (YTD)	2025
RCAT Red Cat Holdings, Inc.	73.90%	-4.92%
AIRO AIRO Group Holdings, Inc	14.18%	-65.92%

Correlation

The correlation between RCAT and AIRO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025	0.53

Fundamentals

Market Cap RCAT : $1.67B AIRO : $221.15M
EPS RCAT : -$0.78 AIRO : $0.38
PS Ratio RCAT : 28.66 AIRO : 2.71
PB Ratio RCAT : 6.98 AIRO : 0.30
Total Revenue (TTM) RCAT : $52.98M AIRO : $90.91M
Gross Profit (TTM) RCAT : $2.86M AIRO : $54.42M
EBITDA (TTM) RCAT : -$79.24M AIRO : -$28.77M

Return for Risk

RCAT vs. AIRO — Risk / Return Rank

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

RCAT

RCAT Risk / Return Rank: 69
RCAT Sharpe Ratio Rank: 66
RCAT Sortino Ratio Rank: 73
RCAT Omega Ratio Rank: 68
RCAT Calmar Ratio Rank: 70
RCAT Martin Ratio Rank: 67

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.

RCAT vs. AIRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Red Cat Holdings, Inc. (RCAT) and AIRO Group Holdings, Inc (AIRO). 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.

	RCAT	AIRO	Difference
Sharpe ratio: Return per unit of total volatility	0.83	—	—
Sortino ratio: Return per unit of downside risk	1.92	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.66	—	—
Martin ratio: Return relative to average drawdown	3.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RCAT	AIRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	-0.63	+0.57

Drawdowns

RCAT vs. AIRO - Drawdown Comparison

The maximum RCAT drawdown since its inception was -99.76%, which is greater than AIRO's maximum drawdown of -81.13%. Use the drawdown chart below to compare losses from any high point for RCAT and AIRO.

Drawdown Indicators

	RCAT	AIRO	Difference
Max Drawdown Largest peak-to-trough decline	-99.76%	-81.13%	-18.63%
Max Drawdown (1Y) Largest decline over 1 year	-60.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-67.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.25%	—	—
Current Drawdown Current decline from peak	-91.73%	-69.87%	-21.86%
Average Drawdown Average peak-to-trough decline	-95.53%	-54.04%	-41.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.75%	—	—

Volatility

Volatility by Period

	RCAT	AIRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	83.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	120.70%	99.70%	+21.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.95%	99.70%	+15.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	239.60%	99.70%	+139.90%

Dividends

RCAT vs. AIRO - Dividend Comparison

Neither RCAT nor AIRO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both RCAT and AIRO in my portfolio?

RCAT and AIRO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.