RKLB vs. ALAB

Last updated Jun 13, 2026

RKLB (Rocket Lab USA, Inc.) and ALAB (Astera Labs, Inc.) are both stocks. RKLB operates in Aerospace & Defense (Industrials), while ALAB operates in Semiconductors (Technology). Over the past year, RKLB returned 302.95% vs 309.17% for ALAB. At a 0.38 correlation, their price movements are largely independent.

Performance

RKLB vs. ALAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rocket Lab USA, Inc. (RKLB) and Astera Labs, Inc. (ALAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RKLB achieves a 46.77% return, which is significantly lower than ALAB's 120.70% return.

RKLB

• 1D: -10.79%
• 1M: -17.94%
• YTD: 46.77%
• 6M: 66.51%
• 1Y: 302.95%
• 3Y*: 158.32%
• 5Y*: —
• 10Y*: —

ALAB

• 1D: -0.09%
• 1M: 57.79%
• YTD: 120.70%
• 6M: 146.66%
• 1Y: 309.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RKLB vs. ALAB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RKLB Rocket Lab USA, Inc.	46.77%	173.89%	527.34%
ALAB Astera Labs, Inc.	120.70%	25.60%	152.00%

Correlation

The correlation between RKLB and ALAB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.38

Fundamentals

Market Cap RKLB : $61.99B ALAB : $66.51B
EPS RKLB : -$0.33 ALAB : $1.48
PS Ratio RKLB : 83.69 ALAB : 66.09
PB Ratio RKLB : 27.38 ALAB : 44.52
Total Revenue (TTM) RKLB : $679.58M ALAB : $1.00B
Gross Profit (TTM) RKLB : $248.43M ALAB : $760.99M
EBITDA (TTM) RKLB : -$177.36M ALAB : $253.12M

Return for Risk

RKLB vs. ALAB — Risk / Return Rank

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

RKLB

RKLB Risk / Return Rank: 93
RKLB Sharpe Ratio Rank: 96
RKLB Sortino Ratio Rank: 91
RKLB Omega Ratio Rank: 88
RKLB Calmar Ratio Rank: 95
RKLB Martin Ratio Rank: 94

ALAB

ALAB Risk / Return Rank: 91
ALAB Sharpe Ratio Rank: 96
ALAB Sortino Ratio Rank: 90
ALAB Omega Ratio Rank: 89
ALAB Calmar Ratio Rank: 92
ALAB Martin Ratio Rank: 88

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.

RKLB vs. ALAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rocket Lab USA, Inc. (RKLB) and Astera Labs, Inc. (ALAB). 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.

	RKLB	ALAB	Difference
Sharpe ratio: Return per unit of total volatility	3.12	3.03	+0.09
Sortino ratio: Return per unit of downside risk	3.13	3.06	+0.07
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	6.74	4.84	+1.90
Martin ratio: Return relative to average drawdown	15.44	9.53	+5.90

RKLB vs. ALAB - Sharpe Ratio Comparison

The current RKLB Sharpe Ratio is 3.12, which is comparable to the ALAB Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of RKLB and ALAB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RKLB vs. ALAB - Drawdown Comparison

The maximum RKLB drawdown since its inception was -82.96%, which is greater than ALAB's maximum drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for RKLB and ALAB.

Drawdown Indicators

	RKLB	ALAB	Difference
Max Drawdown Largest peak-to-trough decline	-82.96%	-63.69%	-19.27%
Max Drawdown (1Y) Largest decline over 1 year	-43.01%	-60.19%	+17.18%
Max Drawdown (3Y) Largest decline over 3 years	-55.49%	—	—
Current Drawdown Current decline from peak	-31.84%	-0.09%	-31.75%
Average Drawdown Average peak-to-trough decline	-51.29%	-29.48%	-21.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.75%	30.50%	-11.75%

Volatility

RKLB vs. ALAB - Volatility Comparison

Rocket Lab USA, Inc. (RKLB) and Astera Labs, Inc. (ALAB) have volatilities of 31.54% and 32.05%, 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.

Volatility by Period

	RKLB	ALAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.54%	32.05%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	73.47%	70.52%	+2.95%
Volatility (1Y) Calculated over the trailing 1-year period	93.03%	96.04%	-3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.62%	93.49%	-11.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.62%	93.49%	-11.87%

Dividends

RKLB vs. ALAB - Dividend Comparison

Neither RKLB nor ALAB has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

RKLB vs. ALAB - Profitability Comparison

The chart below illustrates the profitability comparison between Rocket Lab USA, Inc. and Astera Labs, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RKLB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

ALAB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported a gross profit of 235.14M and revenue of 308.36M. Therefore, the gross margin over that period was 76.3%.

RKLB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.

ALAB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported an operating income of 61.83M and revenue of 308.36M, resulting in an operating margin of 20.1%.

RKLB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.

ALAB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported a net income of 80.31M and revenue of 308.36M, resulting in a net margin of 26.0%.

Frequently Asked Questions

Can I hold both RKLB and ALAB in my portfolio?

RKLB and ALAB have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RKLB or ALAB?

ALAB has higher volatility (32.05%) compared to RKLB (31.54%). In terms of maximum drawdown, RKLB dropped -82.96% vs ALAB's -63.69%.

Which has better risk-adjusted returns?

RKLB currently has the higher Sharpe Ratio (3.12 vs 3.03), 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.