RDW vs. JOBY

Last updated Jun 4, 2026

RDW (Redwire Corporation) and JOBY (Joby Aviation, Inc.) are both stocks. Both are in the Industrials sector — RDW in Aerospace & Defense, JOBY in Airports & Air Services. Over the past 3 years, RDW returned 95.81%/yr vs 26.18%/yr for JOBY. At a 0.49 correlation, their price movements are largely independent.

Performance

RDW vs. JOBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwire Corporation (RDW) and Joby Aviation, Inc. (JOBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDW achieves a 145.00% return, which is significantly higher than JOBY's -13.41% return.

RDW

• 1D: -9.52%
• 1M: 115.51%
• YTD: 145.00%
• 6M: 234.29%
• 1Y: 25.47%
• 3Y*: 95.81%
• 5Y*: —
• 10Y*: —

JOBY

• 1D: -3.71%
• 1M: 29.01%
• YTD: -13.41%
• 6M: -21.87%
• 1Y: 42.34%
• 3Y*: 26.18%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDW vs. JOBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RDW Redwire Corporation	145.00%	-53.83%	477.54%	43.94%	-70.67%	-35.71%
JOBY Joby Aviation, Inc.	-13.41%	62.36%	22.26%	98.51%	-54.11%	-38.81%

Correlation

The correlation between RDW and JOBY is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Sep 3, 2021	0.49

The correlation between RDW and JOBY shifts across timeframes, from 0.49 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RDW : $3.61B JOBY : $10.78B
EPS RDW : -$2.16 JOBY : -$1.10
PS Ratio RDW : 6.98 JOBY : 128.01
PB Ratio RDW : 3.57 JOBY : 5.51
Total Revenue (TTM) RDW : $370.96M JOBY : $77.67M
Gross Profit (TTM) RDW : $34.05M JOBY : $8.72M
EBITDA (TTM) RDW : -$221.85M JOBY : -$1.05B

Return for Risk

RDW vs. JOBY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDW

RDW Risk / Return Rank: 51
RDW Sharpe Ratio Rank: 48
RDW Sortino Ratio Rank: 58
RDW Omega Ratio Rank: 55
RDW Calmar Ratio Rank: 49
RDW Martin Ratio Rank: 46

JOBY

JOBY Risk / Return Rank: 57
JOBY Sharpe Ratio Rank: 59
JOBY Sortino Ratio Rank: 62
JOBY Omega Ratio Rank: 57
JOBY Calmar Ratio Rank: 55
JOBY Martin Ratio Rank: 53

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.

RDW vs. JOBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) and Joby Aviation, Inc. (JOBY). 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.

	RDW	JOBY	Difference
Sharpe ratio Return per unit of total volatility	0.22	0.54	-0.32
Sortino ratio Return per unit of downside risk	1.20	1.38	-0.18
Omega ratio Gain probability vs. loss probability	1.14	1.15	-0.01
Calmar ratio Return relative to maximum drawdown	0.34	0.70	-0.36
Martin ratio Return relative to average drawdown	0.50	1.19	-0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDW vs. JOBY - Sharpe Ratio Comparison

The current RDW Sharpe Ratio is 0.22, which is lower than the JOBY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of RDW and JOBY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDW	JOBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	0.54	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	-0.04	+0.18

Drawdowns

RDW vs. JOBY - Drawdown Comparison

The maximum RDW drawdown since its inception was -87.26%, which is greater than JOBY's maximum drawdown of -76.27%. Use the drawdown chart below to compare losses from any high point for RDW and JOBY.

Drawdown Indicators

	RDW	JOBY	Difference
Max Drawdown Largest peak-to-trough decline	-87.26%	-76.27%	-10.99%
Max Drawdown (1Y) Largest decline over 1 year	-75.40%	-61.06%	-14.34%
Max Drawdown (3Y) Largest decline over 3 years	-80.28%	-61.06%	-19.22%
Current Drawdown Current decline from peak	-28.11%	-43.94%	+15.83%
Average Drawdown Average peak-to-trough decline	-59.50%	-50.39%	-9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.57%	35.79%	+15.78%

Volatility

RDW vs. JOBY - Volatility Comparison

Redwire Corporation (RDW) has a higher volatility of 46.01% compared to Joby Aviation, Inc. (JOBY) at 25.96%. This indicates that RDW's price experiences larger fluctuations and is considered to be riskier than JOBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDW	JOBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.01%	25.96%	+20.05%
Volatility (6M) Calculated over the trailing 6-month period	89.48%	49.29%	+40.19%
Volatility (1Y) Calculated over the trailing 1-year period	116.40%	78.59%	+37.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.00%	79.72%	+16.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.00%	79.72%	+16.28%

Dividends

RDW vs. JOBY - Dividend Comparison

Neither RDW nor JOBY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both RDW and JOBY in my portfolio?

RDW and JOBY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDW or JOBY?

RDW has higher volatility (46.01%) compared to JOBY (25.96%). In terms of maximum drawdown, RDW dropped -87.26% vs JOBY's -76.27%.

Which has better risk-adjusted returns?

JOBY currently has the higher Sharpe Ratio (0.54 vs 0.22), 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.