RDW vs. IYW
RDW (Redwire Corporation) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 3 years, RDW returned 62.65%/yr vs 32.70%/yr for IYW. At a 0.39 correlation, their price movements are largely independent.
Performance
RDW vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, RDW achieves a 42.11% return, which is significantly higher than IYW's 22.27% return.
RDW
- 1D
- -5.10%
- 1M
- -51.00%
- YTD
- 42.11%
- 6M
- 38.11%
- 1Y
- -32.58%
- 3Y*
- 62.65%
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- 0.74%
- 1M
- -1.36%
- YTD
- 22.27%
- 6M
- 20.44%
- 1Y
- 43.57%
- 3Y*
- 32.70%
- 5Y*
- 20.41%
- 10Y*
- 26.29%
RDW vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RDW Redwire Corporation | 42.11% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
IYW iShares U.S. Technology ETF | 22.27% | 25.38% | 30.25% | 65.44% | -34.83% | 6.22% |
Correlation
The correlation between RDW and IYW is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.39 |
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Return for Risk
RDW vs. IYW — Risk / Return Rank
RDW
IYW
RDW vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) and iShares U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 2.46 | -2.90 |
| Martin ratioReturn relative to average drawdown | -0.65 | 7.80 | -8.45 |
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Drawdowns
RDW vs. IYW - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, which is greater than IYW's maximum drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for RDW and IYW.
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Drawdown Indicators
| RDW | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -81.90% | -5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -73.93% | -17.81% | -56.12% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | -26.47% | -53.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -58.30% | -6.11% | -52.19% |
Average DrawdownAverage peak-to-trough decline | -59.24% | -34.59% | -24.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.06% | 5.60% | +44.46% |
Volatility
RDW vs. IYW - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 42.58% compared to iShares U.S. Technology ETF (IYW) at 10.91%. This indicates that RDW's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDW | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.58% | 10.91% | +31.67% |
Volatility (6M)Calculated over the trailing 6-month period | 94.51% | 18.39% | +76.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.81% | 22.28% | +95.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.87% | 26.24% | +70.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.87% | 25.25% | +71.62% |
Dividends
RDW vs. IYW - Dividend Comparison
RDW has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
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 IYW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (42.58%) compared to IYW (10.91%). In terms of maximum drawdown, RDW dropped -87.26% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (1.97 vs -0.28), 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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