RCAT vs. NERD
RCAT (Red Cat Holdings, Inc.) is a stock, while NERD (Roundhill Video Games ETF) is Gaming fund actively managed by Roundhill Investments. Over the past 5 years, RCAT returned 26.88%/yr vs -8.51%/yr for NERD. At a 0.18 correlation, their price movements are largely independent.
Performance
RCAT vs. NERD - Performance Comparison
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Returns By Period
In the year-to-date period, RCAT achieves a 40.98% return, which is significantly higher than NERD's -18.01% return.
RCAT
- 1D
- -6.91%
- 1M
- 18.94%
- YTD
- 40.98%
- 6M
- 39.05%
- 1Y
- 27.77%
- 3Y*
- 131.59%
- 5Y*
- 26.88%
- 10Y*
- —
NERD
- 1D
- -0.41%
- 1M
- -4.10%
- YTD
- -18.01%
- 6M
- -19.37%
- 1Y
- -21.50%
- 3Y*
- 9.13%
- 5Y*
- -8.51%
- 10Y*
- —
RCAT vs. NERD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RCAT Red Cat Holdings, Inc. | 40.98% | -38.29% | 1,360.23% | -6.38% | -54.81% | -30.67% | 172.73% | 30,455.56% |
NERD Roundhill Video Games ETF | -18.01% | 23.14% | 28.52% | 12.94% | -43.30% | -17.57% | 89.66% | 8.14% |
Correlation
The correlation between RCAT and NERD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.18 |
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Return for Risk
RCAT vs. NERD — Risk / Return Rank
RCAT
NERD
RCAT vs. NERD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Red Cat Holdings, Inc. (RCAT) and Roundhill Video Games ETF (NERD). 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 | NERD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.83 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.69 | +1.16 |
| Martin ratioReturn relative to average drawdown | 0.92 | -1.23 | +2.15 |
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Drawdowns
RCAT vs. NERD - Drawdown Comparison
The maximum RCAT drawdown since its inception was -99.21%, which is greater than NERD's maximum drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for RCAT and NERD.
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Drawdown Indicators
| RCAT | NERD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.21% | -65.58% | -33.63% |
Max Drawdown (1Y)Largest decline over 1 year | -60.08% | -31.19% | -28.89% |
Max Drawdown (3Y)Largest decline over 3 years | -67.16% | -31.19% | -35.97% |
Max Drawdown (5Y)Largest decline over 5 years | -92.25% | -58.92% | -33.33% |
Current DrawdownCurrent decline from peak | -35.60% | -46.82% | +11.22% |
Average DrawdownAverage peak-to-trough decline | -65.98% | -35.92% | -30.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.17% | 17.50% | +12.67% |
Volatility
RCAT vs. NERD - Volatility Comparison
Red Cat Holdings, Inc. (RCAT) has a higher volatility of 40.71% compared to Roundhill Video Games ETF (NERD) at 4.21%. This indicates that RCAT's price experiences larger fluctuations and is considered to be riskier than NERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCAT | NERD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.71% | 4.21% | +36.50% |
Volatility (6M)Calculated over the trailing 6-month period | 85.22% | 15.00% | +70.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.36% | 19.77% | +100.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.04% | 24.51% | +90.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29,209.75% | 25.49% | +29,184.26% |
Dividends
RCAT vs. NERD - Dividend Comparison
RCAT has not paid dividends to shareholders, while NERD's dividend yield for the trailing twelve months is around 0.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | 0.77% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% |
RCAT Red Cat Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RCAT and NERD have a correlation of 0.26, 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 NERD (4.21%). In terms of maximum drawdown, RCAT dropped -99.21% vs NERD's -65.58%.
RCAT currently has the higher Sharpe Ratio (0.23 vs -1.09), 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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