RDW vs. OPPJ
RDW (Redwire Corporation) is a stock, while OPPJ (WisdomTree Japan Opportunities ETF) is Japan Equities fund tracking the WisdomTree Japan Opportunities Index. Over the past 3 years, RDW returned 33.64%/yr vs 32.84%/yr for OPPJ. At a 0.24 correlation, their price movements are largely independent.
Performance
RDW vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, RDW achieves a 11.18% return, which is significantly lower than OPPJ's 22.94% return.
RDW
- 1D
- -9.72%
- 1M
- -37.41%
- 6M
- -22.19%
- YTD
- 11.18%
- 1Y
- -51.71%
- 3Y*
- 33.64%
- 5Y*
- —
- 10Y*
- —
OPPJ
- 1D
- -2.04%
- 1M
- -3.76%
- 6M
- 11.89%
- YTD
- 22.94%
- 1Y
- 60.73%
- 3Y*
- 32.84%
- 5Y*
- 24.53%
- 10Y*
- 17.08%
RDW vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RDW Redwire Corporation | 11.18% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
OPPJ WisdomTree Japan Opportunities ETF | 22.94% | 37.08% | 20.70% | 38.96% | 5.02% | -1.53% |
Correlation
The correlation between RDW and OPPJ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.24 |
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Return for Risk
RDW vs. OPPJ — Risk / Return Rank
RDW
OPPJ
RDW vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) and WisdomTree Japan Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.48 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 6.21 | -6.91 |
| Martin ratioReturn relative to average drawdown | -1.00 | 19.42 | -20.42 |
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Drawdowns
RDW vs. OPPJ - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, which is greater than OPPJ's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for RDW and OPPJ.
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Drawdown Indicators
| RDW | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -39.30% | -47.96% |
Max Drawdown (1Y)Largest decline over 1 year | -73.93% | -9.82% | -64.11% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | -16.49% | -63.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -67.37% | -6.71% | -60.66% |
Average DrawdownAverage peak-to-trough decline | -59.23% | -6.48% | -52.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.95% | 3.14% | +48.81% |
Volatility
RDW vs. OPPJ - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 24.82% compared to WisdomTree Japan Opportunities ETF (OPPJ) at 7.53%. This indicates that RDW's price experiences larger fluctuations and is considered to be riskier than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDW | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.82% | 7.53% | +17.29% |
Volatility (6M)Calculated over the trailing 6-month period | 91.58% | 17.13% | +74.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.36% | 20.93% | +97.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.72% | 18.33% | +78.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.72% | 19.56% | +77.16% |
Dividends
RDW vs. OPPJ - Dividend Comparison
RDW has not paid dividends to shareholders, while OPPJ's dividend yield for the trailing twelve months is around 1.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 1.14% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
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 OPPJ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (24.82%) compared to OPPJ (7.53%). In terms of maximum drawdown, RDW dropped -87.26% vs OPPJ's -39.30%.
OPPJ currently has the higher Sharpe Ratio (2.92 vs -0.44), 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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