RKLB vs. GOOGL
RKLB (Rocket Lab USA, Inc.) and GOOGL (Alphabet Inc. Class A) are both stocks. RKLB operates in Aerospace & Defense (Industrials), while GOOGL operates in Internet Content & Information (Communication Services). Over the past 3 years, RKLB returned 158.32%/yr vs 43.10%/yr for GOOGL. At a 0.31 correlation, their price movements are largely independent.
Performance
RKLB vs. GOOGL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RKLB achieves a 46.77% return, which is significantly higher than GOOGL's 15.06% return.
RKLB
- 1D
- -10.79%
- 1M
- -17.53%
- YTD
- 46.77%
- 6M
- 66.51%
- 1Y
- 287.84%
- 3Y*
- 158.32%
- 5Y*
- —
- 10Y*
- —
GOOGL
- 1D
- 0.53%
- 1M
- -10.61%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 105.30%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
RKLB vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RKLB Rocket Lab USA, Inc. | 46.77% | 173.89% | 360.58% | 46.68% | -69.30% | 8.67% |
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 3.44% |
Correlation
The correlation between RKLB and GOOGL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | 0.31 |
The correlation between RKLB and GOOGL shifts across timeframes, from 0.18 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
RKLB:
$61.99B
GOOGL:
$4.40T
RKLB:
-$0.33
GOOGL:
$13.11
RKLB:
83.69
GOOGL:
10.40
RKLB:
27.38
GOOGL:
9.19
RKLB:
$679.58M
GOOGL:
$422.57B
RKLB:
$248.43M
GOOGL:
$255.12B
RKLB:
-$177.36M
GOOGL:
$174.08B
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. GOOGL — Risk / Return Rank
RKLB
GOOGL
RKLB vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rocket Lab USA, Inc. (RKLB) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.59 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.74 | 5.20 | +1.54 |
| Martin ratioReturn relative to average drawdown | 15.44 | 18.48 | -3.05 |
Loading charts...
Drawdowns
RKLB vs. GOOGL - Drawdown Comparison
The maximum RKLB drawdown since its inception was -82.96%, which is greater than GOOGL's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for RKLB and GOOGL.
Loading charts...
Drawdown Indicators
| RKLB | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.96% | -65.29% | -17.67% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -20.37% | -22.64% |
Max Drawdown (3Y)Largest decline over 3 years | -55.49% | -29.81% | -25.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.32% | — |
Current DrawdownCurrent decline from peak | -31.84% | -10.61% | -21.23% |
Average DrawdownAverage peak-to-trough decline | -51.29% | -13.01% | -38.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.75% | 5.72% | +13.03% |
Volatility
RKLB vs. GOOGL - Volatility Comparison
Rocket Lab USA, Inc. (RKLB) has a higher volatility of 31.54% compared to Alphabet Inc. Class A (GOOGL) at 7.24%. This indicates that RKLB's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RKLB | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.54% | 7.24% | +24.30% |
Volatility (6M)Calculated over the trailing 6-month period | 73.47% | 20.82% | +52.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.03% | 29.31% | +63.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.62% | 31.33% | +50.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.62% | 29.13% | +52.49% |
Dividends
RKLB vs. GOOGL - Dividend Comparison
RKLB has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% |
RKLB Rocket Lab USA, Inc. | 0.00% | 0.00% | 0.00% |
Financials
RKLB vs. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between Rocket Lab USA, Inc. and Alphabet Inc. Class A. 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. GOOGL - 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%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
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%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
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%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
RKLB and GOOGL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKLB has higher volatility (31.54%) compared to GOOGL (7.24%). In terms of maximum drawdown, RKLB dropped -82.96% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.62 vs 3.12), 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 GOOGL
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