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RCAT vs. IETC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RCAT vs. IETC

Last updated Jun 13, 2026

RCAT (Red Cat Holdings, Inc.) is a stock, while IETC (iShares U.S. Tech Independence Focused ETF) is Technology Equities fund actively managed by iShares. Over the past 5 years, RCAT returned 26.88%/yr vs 15.73%/yr for IETC. At a 0.17 correlation, their price movements are largely independent.

Performance

RCAT vs. IETC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Red Cat Holdings, Inc. (RCAT) and iShares U.S. Tech Independence Focused ETF (IETC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RCAT achieves a 40.98% return, which is significantly higher than IETC's 4.48% return.

RCAT

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

IETC

1D
-0.07%
1M
0.03%
YTD
4.48%
6M
4.29%
1Y
17.62%
3Y*
25.69%
5Y*
15.73%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RCAT vs. IETC - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
RCAT
Red Cat Holdings, Inc.		40.98%-38.29%1,360.23%-6.38%-54.81%-30.67%172.73%73,233.33%-87.60%
IETC
iShares U.S. Tech Independence Focused ETF		4.48%19.56%37.57%54.35%-32.78%29.73%46.59%43.09%-3.75%

Correlation

The correlation between RCAT and IETC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2018

0.17

The correlation between RCAT and IETC shifts across timeframes, from 0.17 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Red Cat Holdings, Inc.

iShares U.S. Tech Independence Focused ETF

Often compared with RCAT:
RCAT vs. ONDSRCAT vs. AVAVRCAT vs. UMACRCAT vs. RGTIRCAT vs. DPRORCAT vs. UAVSRCAT vs. KROS
Often compared with IETC:
IETC vs. IYWIETC vs. VGTIETC vs. IGMIETC vs. ARTYIETC vs. IXNIETC vs. SCHGIETC vs. SPY

Return for Risk

RCAT vs. IETC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RCAT
RCAT Risk / Return Rank: 5656
Overall Rank
RCAT Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
RCAT Sortino Ratio Rank: 6363
Sortino Ratio Rank
RCAT Omega Ratio Rank: 5858
Omega Ratio Rank
RCAT Calmar Ratio Rank: 5454
Calmar Ratio Rank
RCAT Martin Ratio Rank: 5353
Martin Ratio Rank
IETC
IETC Risk / Return Rank: 2323
Overall Rank
IETC Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IETC Sortino Ratio Rank: 2424
Sortino Ratio Rank
IETC Omega Ratio Rank: 2424
Omega Ratio Rank
IETC Calmar Ratio Rank: 2121
Calmar Ratio Rank
IETC Martin Ratio Rank: 2121
Martin Ratio Rank
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. IETC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Red Cat Holdings, Inc. (RCAT) and iShares U.S. Tech Independence Focused ETF (IETC). 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.

RCATIETCDifference
Sharpe ratioReturn per unit of total volatility
0.23
0.80

-0.57

Sortino ratioReturn per unit of downside risk
1.28
1.18

+0.10

Omega ratioGain probability vs. loss probability

1.14

1.15

-0.01

Calmar ratioReturn relative to maximum drawdown

0.46

0.84

-0.37

Martin ratioReturn relative to average drawdown

0.92

2.30

-1.38

RCAT vs. IETC - Sharpe Ratio Comparison

The current RCAT Sharpe Ratio is 0.23, which is lower than the IETC Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of RCAT and IETC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RCAT vs. IETC - Drawdown Comparison

The maximum RCAT drawdown since its inception was -99.21%, which is greater than IETC's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for RCAT and IETC.

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Drawdown Indicators

RCATIETCDifference

Max Drawdown

Largest peak-to-trough decline

-99.21%

-38.48%

-60.73%

Max Drawdown (1Y)

Largest decline over 1 year

-60.08%

-21.19%

-38.89%

Max Drawdown (3Y)

Largest decline over 3 years

-67.16%

-25.17%

-41.99%

Max Drawdown (5Y)

Largest decline over 5 years

-92.25%

-38.48%

-53.77%

Current Drawdown

Current decline from peak

-35.60%

-10.32%

-25.28%

Average Drawdown

Average peak-to-trough decline

-65.98%

-8.14%

-57.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

30.17%

7.67%

+22.50%

Volatility

RCAT vs. IETC - Volatility Comparison

Red Cat Holdings, Inc. (RCAT) has a higher volatility of 40.71% compared to iShares U.S. Tech Independence Focused ETF (IETC) at 9.62%. This indicates that RCAT's price experiences larger fluctuations and is considered to be riskier than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RCATIETCDifference

Volatility (1M)

Calculated over the trailing 1-month period

40.71%

9.62%

+31.09%

Volatility (6M)

Calculated over the trailing 6-month period

85.22%

17.85%

+67.37%

Volatility (1Y)

Calculated over the trailing 1-year period

120.36%

22.11%

+98.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

115.04%

24.70%

+90.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29,209.75%

25.44%

+29,184.31%

Dividends

RCAT vs. IETC - Dividend Comparison

RCAT has not paid dividends to shareholders, while IETC's dividend yield for the trailing twelve months is around 0.37%.

PositionTTM20252024202320222021202020192018
IETC
iShares U.S. Tech Independence Focused ETF		0.37%0.38%0.52%0.79%0.92%0.73%0.48%0.95%1.27%
RCAT
Red Cat Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

RCAT and IETC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RCAT has higher volatility (40.71%) compared to IETC (9.62%). In terms of maximum drawdown, RCAT dropped -99.21% vs IETC's -38.48%.

IETC currently has the higher Sharpe Ratio (0.80 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.

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