RKLB vs. BKSY

Last updated Jun 4, 2026

RKLB (Rocket Lab USA, Inc.) and BKSY (BlackSky Technology Inc.) are both stocks. RKLB operates in Aerospace & Defense (Industrials), while BKSY operates in Scientific & Technical Instruments (Technology). Over the past 3 years, RKLB returned 186.06%/yr vs 43.66%/yr for BKSY. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

RKLB vs. BKSY - Performance Comparison

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

Returns By Period

In the year-to-date period, RKLB achieves a 64.42% return, which is significantly lower than BKSY's 99.89% return.

RKLB

• 1D: -6.99%
• 1M: 42.82%
• YTD: 64.42%
• 6M: 156.48%
• 1Y: 329.27%
• 3Y*: 186.06%
• 5Y*: —
• 10Y*: —

BKSY

• 1D: -14.64%
• 1M: 3.17%
• YTD: 99.89%
• 6M: 111.99%
• 1Y: 231.68%
• 3Y*: 43.66%
• 5Y*: -14.00%
• 10Y*: —

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

RKLB vs. BKSY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RKLB Rocket Lab USA, Inc.	64.42%	173.89%	360.58%	46.68%	-69.30%	6.14%
BKSY BlackSky Technology Inc.	99.89%	73.77%	-3.66%	-9.09%	-65.70%	-55.14%

Correlation

The correlation between RKLB and BKSY is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021	0.52

The correlation between RKLB and BKSY shifts across timeframes, from 0.52 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RKLB : $69.44B BKSY : $1.36B
EPS RKLB : -$0.33 BKSY : -$2.51
PS Ratio RKLB : 93.75 BKSY : 13.29
PB Ratio RKLB : 30.67 BKSY : 16.77
Total Revenue (TTM) RKLB : $679.58M BKSY : $97.81M
Gross Profit (TTM) RKLB : $248.43M BKSY : $23.99M
EBITDA (TTM) RKLB : -$177.36M BKSY : -$13.55M

Return for Risk

RKLB vs. BKSY — 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

BKSY

BKSY Risk / Return Rank: 85
BKSY Sharpe Ratio Rank: 89
BKSY Sortino Ratio Rank: 83
BKSY Omega Ratio Rank: 81
BKSY Calmar Ratio Rank: 87
BKSY Martin Ratio Rank: 83

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. BKSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rocket Lab USA, Inc. (RKLB) and BlackSky Technology Inc. (BKSY). 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.

	RKLB	BKSY	Difference
Sharpe ratio Return per unit of total volatility	3.61	2.19	+1.41
Sortino ratio Return per unit of downside risk	3.37	2.55	+0.82
Omega ratio Gain probability vs. loss probability	1.41	1.31	+0.10
Calmar ratio Return relative to maximum drawdown	7.71	3.99	+3.72
Martin ratio Return relative to average drawdown	18.10	8.23	+9.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RKLB vs. BKSY - Sharpe Ratio Comparison

The current RKLB Sharpe Ratio is 3.61, which is higher than the BKSY Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of RKLB and BKSY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RKLB	BKSY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.61	2.19	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	-0.12	+0.88

Drawdowns

RKLB vs. BKSY - Drawdown Comparison

The maximum RKLB drawdown since its inception was -82.96%, smaller than the maximum BKSY drawdown of -96.61%. Use the drawdown chart below to compare losses from any high point for RKLB and BKSY.

Drawdown Indicators

	RKLB	BKSY	Difference
Max Drawdown Largest peak-to-trough decline	-82.96%	-96.61%	+13.65%
Max Drawdown (1Y) Largest decline over 1 year	-43.01%	-58.46%	+15.45%
Max Drawdown (3Y) Largest decline over 3 years	-55.49%	-77.14%	+21.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-96.04%	—
Current Drawdown Current decline from peak	-23.65%	-68.75%	+45.10%
Average Drawdown Average peak-to-trough decline	-51.47%	-65.12%	+13.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.29%	28.28%	-9.99%

Volatility

RKLB vs. BKSY - Volatility Comparison

The current volatility for Rocket Lab USA, Inc. (RKLB) is 42.00%, while BlackSky Technology Inc. (BKSY) has a volatility of 44.73%. This indicates that RKLB experiences smaller price fluctuations and is considered to be less risky than BKSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RKLB	BKSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.00%	44.73%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	72.36%	80.54%	-8.18%
Volatility (1Y) Calculated over the trailing 1-year period	92.02%	106.48%	-14.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.45%	98.82%	-17.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.45%	88.40%	-6.95%

Dividends

RKLB vs. BKSY - Dividend Comparison

Neither RKLB nor BKSY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both RKLB and BKSY in my portfolio?

RKLB and BKSY have a correlation of 0.69, 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 BKSY?

BKSY has higher volatility (44.73%) compared to RKLB (42.00%). In terms of maximum drawdown, RKLB dropped -82.96% vs BKSY's -96.61%.

Which has better risk-adjusted returns?

RKLB currently has the higher Sharpe Ratio (3.61 vs 2.19), 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.