RCAT vs. ASTS

Last updated Jun 13, 2026

RCAT (Red Cat Holdings, Inc.) and ASTS (AST SpaceMobile, Inc.) are both stocks. Both are in the Technology sector — RCAT in Software - Application, ASTS in Communication Equipment. Over the past 5 years, RCAT returned 26.88%/yr vs 51.99%/yr for ASTS. At a 0.28 correlation, their price movements are largely independent.

Performance

RCAT vs. ASTS - Performance Comparison

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

Returns By Period

In the year-to-date period, RCAT achieves a 40.98% return, which is significantly higher than ASTS's 13.47% return.

RCAT

• 1D: -6.91%
• 1M: 18.94%
• YTD: 40.98%
• 6M: 39.05%
• 1Y: 27.77%
• 3Y*: 131.59%
• 5Y*: 26.88%
• 10Y*: —

ASTS

• 1D: -15.53%
• 1M: 10.16%
• YTD: 13.47%
• 6M: 7.44%
• 1Y: 123.21%
• 3Y*: 140.29%
• 5Y*: 51.99%
• 10Y*: —

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

RCAT vs. ASTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RCAT Red Cat Holdings, Inc.	40.98%	-38.29%	1,360.23%	-6.38%	-54.81%	-49.88%
ASTS AST SpaceMobile, Inc.	13.47%	244.22%	249.92%	25.10%	-39.29%	-31.73%

Correlation

The correlation between RCAT and ASTS is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021	0.28

Over the past year, RCAT and ASTS have become more correlated (0.60) than their long-term average of 0.28, meaning their price movements have been converging.

Fundamentals

Market Cap RCAT : $1.35B ASTS : $23.96B
EPS RCAT : -$0.78 ASTS : -$1.84
PS Ratio RCAT : 23.24 ASTS : 257.48
PB Ratio RCAT : 5.66 ASTS : 9.00
Total Revenue (TTM) RCAT : $52.98M ASTS : $84.94M
Gross Profit (TTM) RCAT : $2.86M ASTS : -$22.93M
EBITDA (TTM) RCAT : -$79.24M ASTS : -$536.80M

Return for Risk

RCAT vs. ASTS — Risk / Return Rank

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

RCAT

RCAT Risk / Return Rank: 56
RCAT Sharpe Ratio Rank: 51
RCAT Sortino Ratio Rank: 63
RCAT Omega Ratio Rank: 58
RCAT Calmar Ratio Rank: 54
RCAT Martin Ratio Rank: 53

ASTS

ASTS Risk / Return Rank: 77
ASTS Sharpe Ratio Rank: 77
ASTS Sortino Ratio Rank: 77
ASTS Omega Ratio Rank: 73
ASTS Calmar Ratio Rank: 81
ASTS Martin Ratio Rank: 77

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. ASTS - Risk-Adjusted Trends Comparison

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

	RCAT	ASTS	Difference
Sharpe ratio: Return per unit of total volatility	0.23	1.17	-0.94
Sortino ratio: Return per unit of downside risk	1.28	1.99	-0.71
Omega ratio: Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio: Return relative to maximum drawdown	0.46	2.60	-2.13
Martin ratio: Return relative to average drawdown	0.92	5.06	-4.14

RCAT vs. ASTS - Sharpe Ratio Comparison

The current RCAT Sharpe Ratio is 0.23, which is lower than the ASTS Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of RCAT and ASTS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RCAT vs. ASTS - Drawdown Comparison

The maximum RCAT drawdown since its inception was -99.21%, which is greater than ASTS's maximum drawdown of -85.57%. Use the drawdown chart below to compare losses from any high point for RCAT and ASTS.

Drawdown Indicators

	RCAT	ASTS	Difference
Max Drawdown Largest peak-to-trough decline	-99.21%	-85.57%	-13.64%
Max Drawdown (1Y) Largest decline over 1 year	-60.08%	-47.69%	-12.39%
Max Drawdown (3Y) Largest decline over 3 years	-67.16%	-70.66%	+3.50%
Max Drawdown (5Y) Largest decline over 5 years	-92.25%	-85.57%	-6.68%
Current Drawdown Current decline from peak	-35.60%	-38.08%	+2.48%
Average Drawdown Average peak-to-trough decline	-65.98%	-40.51%	-25.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.17%	24.42%	+5.75%

Volatility

RCAT vs. ASTS - Volatility Comparison

Red Cat Holdings, Inc. (RCAT) and AST SpaceMobile, Inc. (ASTS) have volatilities of 40.71% and 41.20%, 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.

Volatility by Period

	RCAT	ASTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.71%	41.20%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	85.22%	85.03%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	120.36%	105.98%	+14.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.04%	109.52%	+5.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29,209.75%	111.00%	+29,098.75%

Dividends

RCAT vs. ASTS - Dividend Comparison

Neither RCAT nor ASTS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both RCAT and ASTS in my portfolio?

RCAT and ASTS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RCAT or ASTS?

ASTS has higher volatility (41.20%) compared to RCAT (40.71%). In terms of maximum drawdown, RCAT dropped -99.21% vs ASTS's -85.57%.

Which has better risk-adjusted returns?

ASTS currently has the higher Sharpe Ratio (1.17 vs 0.23), 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.