RDW vs. AIRR
RDW (Redwire Corporation) is a stock, while AIRR (First Trust RBA American Industrial Renaissance ETF) is Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. Over the past 3 years, RDW returned 79.83%/yr vs 35.29%/yr for AIRR. At a 0.44 correlation, their price movements are largely independent.
Performance
RDW vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, RDW achieves a 98.95% return, which is significantly higher than AIRR's 31.74% return.
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
AIRR
- 1D
- 0.83%
- 1M
- -0.02%
- YTD
- 31.74%
- 6M
- 28.77%
- 1Y
- 65.25%
- 3Y*
- 35.29%
- 5Y*
- 25.46%
- 10Y*
- 22.05%
RDW vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
AIRR First Trust RBA American Industrial Renaissance ETF | 31.74% | 27.92% | 33.45% | 31.43% | -2.08% | 6.55% |
Correlation
The correlation between RDW and AIRR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.44 |
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Return for Risk
RDW vs. AIRR — Risk / Return Rank
RDW
AIRR
RDW vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
| RDW | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 5.01 | -5.30 |
| Martin ratioReturn relative to average drawdown | -0.42 | 18.33 | -18.75 |
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Drawdowns
RDW vs. AIRR - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for RDW and AIRR.
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Drawdown Indicators
| RDW | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -42.37% | -44.89% |
Max Drawdown (1Y)Largest decline over 1 year | -75.40% | -13.09% | -62.31% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | -27.95% | -52.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | -41.62% | -1.89% | -39.73% |
Average DrawdownAverage peak-to-trough decline | -59.30% | -7.48% | -51.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.88% | 3.57% | +48.31% |
Volatility
RDW vs. AIRR - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 53.68% compared to First Trust RBA American Industrial Renaissance ETF (AIRR) at 9.32%. This indicates that RDW's price experiences larger fluctuations and is considered to be riskier than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDW | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.68% | 9.32% | +44.36% |
Volatility (6M)Calculated over the trailing 6-month period | 94.49% | 20.81% | +73.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.63% | 26.19% | +92.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.83% | 25.45% | +71.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.83% | 26.36% | +70.47% |
Dividends
RDW vs. AIRR - Dividend Comparison
RDW has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.13% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
RDW Redwire Corporation | 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
RDW and AIRR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to AIRR (9.32%). In terms of maximum drawdown, RDW dropped -87.26% vs AIRR's -42.37%.
AIRR currently has the higher Sharpe Ratio (2.50 vs -0.18), 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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