RDW vs. RKLB
RDW (Redwire Corporation) and RKLB (Rocket Lab USA, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 3 years, RDW returned 52.51%/yr vs 135.81%/yr for RKLB. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
RDW vs. RKLB - Performance Comparison
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Returns By Period
In the year-to-date period, RDW achieves a 33.95% return, which is significantly higher than RKLB's 16.17% return.
RDW
- 1D
- -2.77%
- 1M
- -40.43%
- 6M
- -7.29%
- YTD
- 33.95%
- 1Y
- -38.82%
- 3Y*
- 52.51%
- 5Y*
- —
- 10Y*
- —
RKLB
- 1D
- -1.83%
- 1M
- -29.40%
- 6M
- -4.49%
- YTD
- 16.17%
- 1Y
- 107.64%
- 3Y*
- 135.81%
- 5Y*
- —
- 10Y*
- —
RDW vs. RKLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RDW Redwire Corporation | 33.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
RKLB Rocket Lab USA, Inc. | 16.17% | 173.89% | 360.58% | 46.68% | -69.30% | 21.10% |
Correlation
The correlation between RDW and RKLB is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.56 |
The correlation between RDW and RKLB shifts across timeframes, from 0.56 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
RDW:
$2.43B
RKLB:
$46.91B
RDW:
-$1.93
RKLB:
-$0.32
RDW:
4.27
RKLB:
67.84
RDW:
1.95
RKLB:
21.67
RDW:
$370.96M
RKLB:
$679.58M
RDW:
$34.05M
RKLB:
$248.43M
RDW:
-$221.85M
RKLB:
-$177.36M
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Return for Risk
RDW vs. RKLB — Risk / Return Rank
RDW
RKLB
RDW vs. RKLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) and Rocket Lab USA, Inc. (RKLB). 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 | RKLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.23 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.33 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.68 | 5.06 | -5.74 |
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Drawdowns
RDW vs. RKLB - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, which is greater than RKLB's maximum drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for RDW and RKLB.
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Drawdown Indicators
| RDW | RKLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -82.96% | -4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -73.93% | -46.29% | -27.64% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | -55.49% | -24.79% |
Current DrawdownCurrent decline from peak | -60.69% | -46.06% | -14.63% |
Average DrawdownAverage peak-to-trough decline | -59.22% | -51.08% | -8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.32% | 21.29% | +30.03% |
Volatility
RDW vs. RKLB - Volatility Comparison
Redwire Corporation (RDW) and Rocket Lab USA, Inc. (RKLB) have volatilities of 30.20% and 30.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDW | RKLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.20% | 30.90% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 91.26% | 72.13% | +19.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.16% | 94.68% | +23.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.72% | 81.96% | +14.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.72% | 81.96% | +14.76% |
Dividends
RDW vs. RKLB - Dividend Comparison
Neither RDW nor RKLB has paid dividends to shareholders.
Financials
RDW vs. RKLB - Financials Comparison
This section allows you to compare key financial metrics between Redwire Corporation and Rocket Lab USA, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
RDW vs. RKLB - Profitability Comparison
RDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Redwire Corporation reported a gross profit of 25.81M and revenue of 96.97M. Therefore, the gross margin over that period was 26.6%.
RKLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Rocket Lab USA, Inc. reported a gross profit of 76.49M and revenue of 200.35M. Therefore, the gross margin over that period was 38.2%.
RDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Redwire Corporation reported an operating income of -69.70M and revenue of 96.97M, resulting in an operating margin of -71.9%.
RKLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Rocket Lab USA, Inc. reported an operating income of -55.97M and revenue of 200.35M, resulting in an operating margin of -27.9%.
RDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Redwire Corporation reported a net income of -76.50M and revenue of 96.97M, resulting in a net margin of -78.9%.
RKLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Rocket Lab USA, Inc. reported a net income of -45.02M and revenue of 200.35M, resulting in a net margin of -22.5%.
Frequently Asked Questions
RDW and RKLB have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKLB has higher volatility (30.90%) compared to RDW (30.20%). In terms of maximum drawdown, RDW dropped -87.26% vs RKLB's -82.96%.
RKLB currently has the higher Sharpe Ratio (1.14 vs -0.30), 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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