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RCAT vs. IGM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RCAT vs. IGM

Last updated Jun 13, 2026

RCAT (Red Cat Holdings, Inc.) is a stock, while IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 5 years, RCAT returned 26.88%/yr vs 20.09%/yr for IGM. At a 0.17 correlation, their price movements are largely independent.

Performance

RCAT vs. IGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Red Cat Holdings, Inc. (RCAT) and iShares Expanded Tech Sector ETF (IGM). 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 IGM's 23.42% return.

RCAT

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

IGM

1D
0.69%
1M
3.04%
YTD
23.42%
6M
23.24%
1Y
48.57%
3Y*
35.37%
5Y*
20.09%
10Y*
24.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RCAT vs. IGM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RCAT
Red Cat Holdings, Inc.		40.98%-38.29%1,360.23%-6.38%-54.81%-30.67%172.73%73,233.33%-94.74%-28.57%
IGM
iShares Expanded Tech Sector ETF		23.42%26.76%36.99%60.68%-35.83%25.72%45.11%41.81%2.26%9.74%

Correlation

The correlation between RCAT and IGM is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.24

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

0.25

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2017

0.17

The correlation between RCAT and IGM shifts across timeframes, from 0.17 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

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Red Cat Holdings, Inc.

iShares Expanded Tech Sector ETF

Often compared with RCAT:
RCAT vs. ONDSRCAT vs. AVAVRCAT vs. UMACRCAT vs. RGTIRCAT vs. DPRORCAT vs. UAVSRCAT vs. KROS
Often compared with IGM:
IGM vs. QQQIGM vs. VGTIGM vs. IYWIGM vs. XLKIGM vs. IXNIGM vs. VOOIGM vs. IETC

Return for Risk

RCAT vs. IGM — 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
IGM
IGM Risk / Return Rank: 7171
Overall Rank
IGM Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
IGM Sortino Ratio Rank: 7272
Sortino Ratio Rank
IGM Omega Ratio Rank: 7373
Omega Ratio Rank
IGM Calmar Ratio Rank: 6868
Calmar Ratio Rank
IGM Martin Ratio Rank: 6464
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. IGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Red Cat Holdings, Inc. (RCAT) and iShares Expanded Tech Sector ETF (IGM). 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.

RCATIGMDifference
Sharpe ratioReturn per unit of total volatility
0.23
2.22

-1.99

Sortino ratioReturn per unit of downside risk
1.28
2.78

-1.51

Omega ratioGain probability vs. loss probability

1.14

1.37

-0.23

Calmar ratioReturn relative to maximum drawdown

0.46

2.97

-2.50

Martin ratioReturn relative to average drawdown

0.92

10.06

-9.14

RCAT vs. IGM - Sharpe Ratio Comparison

The current RCAT Sharpe Ratio is 0.23, which is lower than the IGM Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of RCAT and IGM, 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. IGM - Drawdown Comparison

The maximum RCAT drawdown since its inception was -99.21%, which is greater than IGM's maximum drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for RCAT and IGM.

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Drawdown Indicators

RCATIGMDifference

Max Drawdown

Largest peak-to-trough decline

-99.21%

-65.59%

-33.62%

Max Drawdown (1Y)

Largest decline over 1 year

-60.08%

-16.44%

-43.64%

Max Drawdown (3Y)

Largest decline over 3 years

-67.16%

-26.39%

-40.77%

Max Drawdown (5Y)

Largest decline over 5 years

-92.25%

-40.68%

-51.57%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.68%

—

Current Drawdown

Current decline from peak

-35.60%

-6.80%

-28.80%

Average Drawdown

Average peak-to-trough decline

-65.98%

-15.22%

-50.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

30.17%

4.84%

+25.33%

Volatility

RCAT vs. IGM - Volatility Comparison

Red Cat Holdings, Inc. (RCAT) has a higher volatility of 40.71% compared to iShares Expanded Tech Sector ETF (IGM) at 10.03%. This indicates that RCAT's price experiences larger fluctuations and is considered to be riskier than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RCATIGMDifference

Volatility (1M)

Calculated over the trailing 1-month period

40.71%

10.03%

+30.68%

Volatility (6M)

Calculated over the trailing 6-month period

85.22%

18.11%

+67.11%

Volatility (1Y)

Calculated over the trailing 1-year period

120.36%

21.98%

+98.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

115.04%

25.91%

+89.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29,209.75%

24.66%

+29,185.09%

Dividends

RCAT vs. IGM - Dividend Comparison

RCAT has not paid dividends to shareholders, while IGM's dividend yield for the trailing twelve months is around 0.13%.

PositionTTM20252024202320222021202020192018201720162015
IGM
iShares Expanded Tech Sector ETF		0.13%0.17%0.22%0.33%0.66%0.16%0.32%0.50%0.57%0.57%0.90%0.79%
RCAT
Red Cat Holdings, Inc.		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

RCAT and IGM have a correlation of 0.34, 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 IGM (10.03%). In terms of maximum drawdown, RCAT dropped -99.21% vs IGM's -65.59%.

IGM currently has the higher Sharpe Ratio (2.22 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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