RKLB vs. RDW
RKLB (Rocket Lab USA, Inc.) and RDW (Redwire Corporation) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 3 years, RKLB returned 157.98%/yr vs 67.72%/yr for RDW. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
RKLB vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, RKLB achieves a 36.35% return, which is significantly lower than RDW's 60.79% return.
RKLB
- 1D
- -5.16%
- 1M
- -29.94%
- YTD
- 36.35%
- 6M
- 23.24%
- 1Y
- 190.18%
- 3Y*
- 157.98%
- 5Y*
- —
- 10Y*
- —
RDW
- 1D
- -6.14%
- 1M
- -30.13%
- YTD
- 60.79%
- 6M
- 52.56%
- 1Y
- -20.44%
- 3Y*
- 67.72%
- 5Y*
- —
- 10Y*
- —
RKLB vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RKLB Rocket Lab USA, Inc. | 36.35% | 173.89% | 360.58% | 46.68% | -69.30% | 21.10% |
RDW Redwire Corporation | 60.79% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between RKLB and RDW 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.56 |
The correlation between RKLB and RDW shifts across timeframes, from 0.56 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
RKLB:
$57.59B
RDW:
$2.37B
RKLB:
-$0.33
RDW:
-$2.16
RKLB:
77.74
RDW:
4.58
RKLB:
25.43
RDW:
2.34
RKLB:
$679.58M
RDW:
$370.96M
RKLB:
$248.43M
RDW:
$34.05M
RKLB:
-$177.36M
RDW:
-$221.85M
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Return for Risk
RKLB vs. RDW — Risk / Return Rank
RKLB
RDW
RKLB vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rocket Lab USA, Inc. (RKLB) and Redwire Corporation (RDW). 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 | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.07 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | -0.28 | +4.73 |
| Martin ratioReturn relative to average drawdown | 9.88 | -0.41 | +10.29 |
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Drawdowns
RKLB vs. RDW - Drawdown Comparison
The maximum RKLB drawdown since its inception was -82.96%, roughly equal to the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for RKLB and RDW.
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Drawdown Indicators
| RKLB | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.96% | -87.26% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | -73.93% | +30.92% |
Max Drawdown (3Y)Largest decline over 3 years | -55.49% | -80.28% | +24.79% |
Current DrawdownCurrent decline from peak | -36.68% | -52.82% | +16.14% |
Average DrawdownAverage peak-to-trough decline | -51.18% | -59.24% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.34% | 49.80% | -30.46% |
Volatility
RKLB vs. RDW - Volatility Comparison
The current volatility for Rocket Lab USA, Inc. (RKLB) is 30.48%, while Redwire Corporation (RDW) has a volatility of 51.96%. This indicates that RKLB experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RKLB | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.48% | 51.96% | -21.48% |
Volatility (6M)Calculated over the trailing 6-month period | 72.21% | 95.10% | -22.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.17% | 117.77% | -24.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.60% | 96.87% | -15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.60% | 96.87% | -15.27% |
Dividends
RKLB vs. RDW - Dividend Comparison
Neither RKLB nor RDW has paid dividends to shareholders.
Financials
RKLB vs. RDW - Financials Comparison
This section allows you to compare key financial metrics between Rocket Lab USA, Inc. and Redwire Corporation. 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. RDW - 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%.
RDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Redwire Corporation reported a gross profit of 25.81M and revenue of 96.97M. Therefore, the gross margin over that period was 26.6%.
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%.
RDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Redwire Corporation reported an operating income of -69.70M and revenue of 96.97M, resulting in an operating margin of -71.9%.
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%.
RDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Redwire Corporation reported a net income of -76.50M and revenue of 96.97M, resulting in a net margin of -78.9%.
Frequently Asked Questions
RKLB and RDW 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.
RDW has higher volatility (51.96%) compared to RKLB (30.48%). In terms of maximum drawdown, RKLB dropped -82.96% vs RDW's -87.26%.
RKLB currently has the higher Sharpe Ratio (2.06 vs -0.17), 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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