RKLB vs. EVLV
RKLB (Rocket Lab USA, Inc.) and EVLV (Evolv Technologies Holdings Inc) are both stocks. Both are in the Industrials sector — RKLB in Aerospace & Defense, EVLV in Security & Protection Services. Over the past 3 years, RKLB returned 169.20%/yr vs -0.00%/yr for EVLV. At a 0.38 correlation, their price movements are largely independent.
Performance
RKLB vs. EVLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RKLB achieves a 56.61% return, which is significantly higher than EVLV's -14.39% return.
RKLB
- 1D
- 6.70%
- 1M
- -12.44%
- YTD
- 56.61%
- 6M
- 97.17%
- 1Y
- 329.95%
- 3Y*
- 169.20%
- 5Y*
- —
- 10Y*
- —
EVLV
- 1D
- 0.66%
- 1M
- 7.54%
- YTD
- -14.39%
- 6M
- -9.32%
- 1Y
- 21.39%
- 3Y*
- -0.00%
- 5Y*
- -9.36%
- 10Y*
- —
RKLB vs. EVLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RKLB Rocket Lab USA, Inc. | 56.61% | 173.89% | 360.58% | 46.68% | -69.30% | 8.67% |
EVLV Evolv Technologies Holdings Inc | -14.39% | 81.27% | -16.31% | 82.24% | -41.93% | -44.80% |
Correlation
The correlation between RKLB and EVLV 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 | 0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | 0.38 |
The correlation between RKLB and EVLV shifts across timeframes, from 0.26 (1 year) to 0.39 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
RKLB:
$66.14B
EVLV:
$1.09B
RKLB:
-$0.33
EVLV:
-$0.21
RKLB:
89.29
EVLV:
6.74
RKLB:
29.21
EVLV:
8.99
RKLB:
$679.58M
EVLV:
$160.23M
RKLB:
$248.43M
EVLV:
$79.75M
RKLB:
-$177.36M
EVLV:
-$39.27M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RKLB vs. EVLV — Risk / Return Rank
RKLB
EVLV
RKLB vs. EVLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rocket Lab USA, Inc. (RKLB) and Evolv Technologies Holdings Inc (EVLV). 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 | EVLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.11 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 7.73 | 0.49 | +7.24 |
| Martin ratioReturn relative to average drawdown | 17.62 | 0.91 | +16.71 |
Loading charts...
Drawdowns
RKLB vs. EVLV - Drawdown Comparison
The maximum RKLB drawdown since its inception was -82.96%, roughly equal to the maximum EVLV drawdown of -84.50%. Use the drawdown chart below to compare losses from any high point for RKLB and EVLV.
Loading charts...
Drawdown Indicators
| RKLB | EVLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.96% | -84.50% | +1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -44.06% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -55.49% | -72.92% | +17.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.21% | — |
Current DrawdownCurrent decline from peak | -27.28% | -43.76% | +16.48% |
Average DrawdownAverage peak-to-trough decline | -51.27% | -50.29% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.83% | 23.45% | -4.62% |
Volatility
RKLB vs. EVLV - Volatility Comparison
Rocket Lab USA, Inc. (RKLB) has a higher volatility of 31.53% compared to Evolv Technologies Holdings Inc (EVLV) at 14.46%. This indicates that RKLB's price experiences larger fluctuations and is considered to be riskier than EVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RKLB | EVLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.53% | 14.46% | +17.07% |
Volatility (6M)Calculated over the trailing 6-month period | 73.10% | 38.87% | +34.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.20% | 52.09% | +41.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.64% | 86.04% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.64% | 80.54% | +1.10% |
Dividends
RKLB vs. EVLV - Dividend Comparison
Neither RKLB nor EVLV has paid dividends to shareholders.
Financials
RKLB vs. EVLV - Financials Comparison
This section allows you to compare key financial metrics between Rocket Lab USA, Inc. and Evolv Technologies Holdings 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
RKLB vs. EVLV - Profitability Comparison
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%.
EVLV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported a gross profit of 23.60M and revenue of 46.33M. Therefore, the gross margin over that period was 50.9%.
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%.
EVLV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported an operating income of -8.47M and revenue of 46.33M, resulting in an operating margin of -18.3%.
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%.
EVLV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Evolv Technologies Holdings Inc reported a net income of -5.01M and revenue of 46.33M, resulting in a net margin of -10.8%.
Frequently Asked Questions
RKLB and EVLV 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.
RKLB has higher volatility (31.53%) compared to EVLV (14.46%). In terms of maximum drawdown, RKLB dropped -82.96% vs EVLV's -84.50%.
RKLB currently has the higher Sharpe Ratio (3.57 vs 0.41), 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.
Find the right allocation for RKLB and EVLV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer