RDW vs. SPMO
RDW (Redwire Corporation) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 3 years, RDW returned 62.65%/yr vs 43.94%/yr for SPMO. At a 0.36 correlation, their price movements are largely independent.
Performance
RDW vs. SPMO - 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 SPMO's 34.38% return.
RDW
- 1D
- -5.10%
- 1M
- -51.00%
- YTD
- 42.11%
- 6M
- 38.11%
- 1Y
- -32.58%
- 3Y*
- 62.65%
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 3.80%
- 1M
- 6.73%
- YTD
- 34.38%
- 6M
- 32.02%
- 1Y
- 46.41%
- 3Y*
- 43.94%
- 5Y*
- 23.75%
- 10Y*
- 21.44%
RDW vs. SPMO - 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% |
SPMO Invesco S&P 500 Momentum ETF | 34.38% | 26.58% | 45.82% | 17.56% | -10.45% | 2.12% |
Correlation
The correlation between RDW and SPMO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
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 | 0.36 |
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Return for Risk
RDW vs. SPMO — Risk / Return Rank
RDW
SPMO
RDW vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) and Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.41 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.67 | -4.11 |
| Martin ratioReturn relative to average drawdown | -0.65 | 13.76 | -14.42 |
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Drawdowns
RDW vs. SPMO - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for RDW and SPMO.
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Drawdown Indicators
| RDW | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -30.95% | -56.31% |
Max Drawdown (1Y)Largest decline over 1 year | -73.93% | -12.70% | -61.23% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | -20.13% | -60.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -58.30% | -1.25% | -57.05% |
Average DrawdownAverage peak-to-trough decline | -59.24% | -4.59% | -54.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.06% | 3.38% | +46.68% |
Volatility
RDW vs. SPMO - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 42.58% compared to Invesco S&P 500 Momentum ETF (SPMO) at 11.90%. This indicates that RDW's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDW | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.58% | 11.90% | +30.68% |
Volatility (6M)Calculated over the trailing 6-month period | 94.51% | 18.07% | +76.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.81% | 20.80% | +97.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.87% | 19.94% | +76.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.87% | 20.63% | +76.24% |
Dividends
RDW vs. SPMO - Dividend Comparison
RDW has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPMO Invesco S&P 500 Momentum ETF | 0.66% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
RDW and SPMO have a correlation of 0.38, 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 SPMO (11.90%). In terms of maximum drawdown, RDW dropped -87.26% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (2.24 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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