RIVN vs. MRNA
RIVN (Rivian Automotive, Inc.) and MRNA (Moderna, Inc.) are both stocks. RIVN operates in Auto Manufacturers (Consumer Cyclical), while MRNA operates in Biotechnology (Healthcare). Over the past 3 years, RIVN returned 3.20%/yr vs -26.94%/yr for MRNA. At a 0.34 correlation, their price movements are largely independent.
Performance
RIVN vs. MRNA - Performance Comparison
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Returns By Period
In the year-to-date period, RIVN achieves a -14.97% return, which is significantly lower than MRNA's 69.24% return.
RIVN
- 1D
- 7.85%
- 1M
- 21.54%
- YTD
- -14.97%
- 6M
- -9.01%
- 1Y
- 24.89%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
MRNA
- 1D
- 0.54%
- 1M
- 1.77%
- YTD
- 69.24%
- 6M
- 69.42%
- 1Y
- 87.14%
- 3Y*
- -26.94%
- 5Y*
- -25.59%
- 10Y*
- —
RIVN vs. MRNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RIVN Rivian Automotive, Inc. | -14.97% | 48.20% | -43.31% | 27.29% | -82.23% | -2.87% |
MRNA Moderna, Inc. | 69.24% | -29.08% | -58.19% | -44.63% | -29.28% | 7.23% |
Correlation
The correlation between RIVN and MRNA is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.34 |
Fundamentals
RIVN:
$20.93B
MRNA:
$19.71B
RIVN:
-$2.90
MRNA:
-$8.16
RIVN:
3.68
MRNA:
8.78
RIVN:
4.73
MRNA:
2.66
RIVN:
$5.53B
MRNA:
$2.23B
RIVN:
$57.00M
MRNA:
-$309.00M
RIVN:
-$3.18B
MRNA:
-$3.02B
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Return for Risk
RIVN vs. MRNA — Risk / Return Rank
RIVN
MRNA
RIVN vs. MRNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) and Moderna, Inc. (MRNA). 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.
| RIVN | MRNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 2.34 | -1.85 |
| Martin ratioReturn relative to average drawdown | 0.95 | 4.59 | -3.64 |
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Drawdowns
RIVN vs. MRNA - Drawdown Comparison
The maximum RIVN drawdown since its inception was -95.12%, roughly equal to the maximum MRNA drawdown of -95.38%. Use the drawdown chart below to compare losses from any high point for RIVN and MRNA.
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Drawdown Indicators
| RIVN | MRNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.12% | -95.38% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -42.54% | -35.51% | -7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -69.61% | -86.58% | +16.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.38% | — |
Current DrawdownCurrent decline from peak | -90.26% | -89.70% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -86.33% | -57.06% | -29.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.62% | 18.06% | +3.56% |
Volatility
RIVN vs. MRNA - Volatility Comparison
Rivian Automotive, Inc. (RIVN) has a higher volatility of 22.66% compared to Moderna, Inc. (MRNA) at 17.56%. This indicates that RIVN's price experiences larger fluctuations and is considered to be riskier than MRNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIVN | MRNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.66% | 17.56% | +5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 49.82% | 48.82% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.46% | 64.75% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.55% | 66.49% | +11.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.55% | 72.15% | +5.40% |
Dividends
RIVN vs. MRNA - Dividend Comparison
Neither RIVN nor MRNA has paid dividends to shareholders.
Financials
RIVN vs. MRNA - Financials Comparison
This section allows you to compare key financial metrics between Rivian Automotive, Inc. and Moderna, 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
Frequently Asked Questions
RIVN and MRNA have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIVN has higher volatility (22.66%) compared to MRNA (17.56%). In terms of maximum drawdown, RIVN dropped -95.12% vs MRNA's -95.38%.
MRNA currently has the higher Sharpe Ratio (1.28 vs 0.31), 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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