RDW vs. ARKX
RDW (Redwire Corporation) is a stock, while ARKX (ARK Space Exploration & Innovation ETF) is Aerospace & Defense fund actively managed by ARK. Over the past 3 years, RDW returned 79.83%/yr vs 31.55%/yr for ARKX. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
RDW vs. ARKX - 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 ARKX's 16.56% return.
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
ARKX
- 1D
- -1.94%
- 1M
- -2.96%
- YTD
- 16.56%
- 6M
- 17.78%
- 1Y
- 52.99%
- 3Y*
- 31.55%
- 5Y*
- 10.38%
- 10Y*
- —
RDW vs. ARKX - 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% |
ARKX ARK Space Exploration & Innovation ETF | 16.56% | 48.46% | 26.67% | 24.37% | -34.27% | -10.79% |
Correlation
The correlation between RDW and ARKX is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.59 |
The correlation between RDW and ARKX shifts across timeframes, from 0.59 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RDW vs. ARKX — Risk / Return Rank
RDW
ARKX
RDW vs. ARKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) and ARK Space Exploration & Innovation ETF (ARKX). 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 | ARKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.26 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.61 | -2.90 |
| Martin ratioReturn relative to average drawdown | -0.42 | 6.87 | -7.29 |
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Drawdowns
RDW vs. ARKX - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, which is greater than ARKX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for RDW and ARKX.
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Drawdown Indicators
| RDW | ARKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -43.61% | -43.65% |
Max Drawdown (1Y)Largest decline over 1 year | -75.40% | -20.42% | -54.98% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | -25.47% | -54.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.61% | — |
Current DrawdownCurrent decline from peak | -41.62% | -10.49% | -31.13% |
Average DrawdownAverage peak-to-trough decline | -59.30% | -19.92% | -39.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.88% | 7.74% | +44.14% |
Volatility
RDW vs. ARKX - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 53.68% compared to ARK Space Exploration & Innovation ETF (ARKX) at 12.77%. This indicates that RDW's price experiences larger fluctuations and is considered to be riskier than ARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDW | ARKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.68% | 12.77% | +40.91% |
Volatility (6M)Calculated over the trailing 6-month period | 94.49% | 26.51% | +67.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.63% | 33.50% | +85.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.83% | 28.02% | +68.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.83% | 27.65% | +69.18% |
Dividends
RDW vs. ARKX - Dividend Comparison
Neither RDW nor ARKX has paid dividends to shareholders.
Frequently Asked Questions
RDW and ARKX have a correlation of 0.75, 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 ARKX (12.77%). In terms of maximum drawdown, RDW dropped -87.26% vs ARKX's -43.61%.
ARKX currently has the higher Sharpe Ratio (1.59 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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