SPAI vs. RCAT

Last updated Jun 4, 2026

SPAI (Safe Pro Group Inc) and RCAT (Red Cat Holdings, Inc.) are both stocks. SPAI operates in Aerospace & Defense (Industrials), while RCAT operates in Software - Application (Technology). Over the past year, SPAI returned 126.70% vs 98.99% for RCAT. At a 0.36 correlation, their price movements are largely independent.

Performance

SPAI vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Safe Pro Group Inc (SPAI) and Red Cat Holdings, Inc. (RCAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPAI achieves a 43.87% return, which is significantly lower than RCAT's 73.90% return.

SPAI

• 1D: 0.42%
• 1M: 33.00%
• YTD: 43.87%
• 6M: 17.12%
• 1Y: 126.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RCAT

• 1D: -7.76%
• 1M: 25.36%
• YTD: 73.90%
• 6M: 82.65%
• 1Y: 98.99%
• 3Y*: 142.10%
• 5Y*: 42.10%
• 10Y*: —

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

SPAI vs. RCAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPAI Safe Pro Group Inc	43.87%	8.62%	-10.30%
RCAT Red Cat Holdings, Inc.	73.90%	-38.29%	350.88%

Correlation

The correlation between SPAI and RCAT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024	0.36

Fundamentals

Market Cap SPAI : $123.50M RCAT : $1.67B
EPS SPAI : -$0.75 RCAT : -$0.78
PS Ratio SPAI : 63.80 RCAT : 28.66
PB Ratio SPAI : 8.01 RCAT : 6.98
Total Revenue (TTM) SPAI : $1.64M RCAT : $52.98M
Gross Profit (TTM) SPAI : $971.04K RCAT : $2.86M
EBITDA (TTM) SPAI : -$12.97M RCAT : -$79.24M

Return for Risk

SPAI vs. RCAT — Risk / Return Rank

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

SPAI

SPAI Risk / Return Rank: 74
SPAI Sharpe Ratio Rank: 73
SPAI Sortino Ratio Rank: 78
SPAI Omega Ratio Rank: 73
SPAI Calmar Ratio Rank: 75
SPAI Martin Ratio Rank: 69

RCAT

RCAT Risk / Return Rank: 69
RCAT Sharpe Ratio Rank: 66
RCAT Sortino Ratio Rank: 73
RCAT Omega Ratio Rank: 68
RCAT Calmar Ratio Rank: 70
RCAT Martin Ratio Rank: 67

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.

SPAI vs. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Safe Pro Group Inc (SPAI) and Red Cat Holdings, Inc. (RCAT). 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.

	SPAI	RCAT	Difference
Sharpe ratio: Return per unit of total volatility	1.07	0.83	+0.24
Sortino ratio: Return per unit of downside risk	2.18	1.92	+0.26
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.03
Calmar ratio: Return relative to maximum drawdown	1.99	1.66	+0.34
Martin ratio: Return relative to average drawdown	3.33	3.34	-0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPAI vs. RCAT - Sharpe Ratio Comparison

The current SPAI Sharpe Ratio is 1.07, which is comparable to the RCAT Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of SPAI and RCAT, 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

	SPAI	RCAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	0.83	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	-0.06	+0.20

Drawdowns

SPAI vs. RCAT - Drawdown Comparison

The maximum SPAI drawdown since its inception was -66.27%, smaller than the maximum RCAT drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for SPAI and RCAT.

Drawdown Indicators

	SPAI	RCAT	Difference
Max Drawdown Largest peak-to-trough decline	-66.27%	-99.76%	+33.49%
Max Drawdown (1Y) Largest decline over 1 year	-63.91%	-60.08%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-67.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.25%	—
Current Drawdown Current decline from peak	-33.13%	-91.73%	+58.60%
Average Drawdown Average peak-to-trough decline	-36.46%	-95.53%	+59.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.15%	29.75%	+8.40%

Volatility

SPAI vs. RCAT - Volatility Comparison

The current volatility for Safe Pro Group Inc (SPAI) is 30.97%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 38.59%. This indicates that SPAI experiences smaller price fluctuations and is considered to be less risky than RCAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPAI	RCAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.97%	38.59%	-7.62%
Volatility (6M) Calculated over the trailing 6-month period	75.24%	83.20%	-7.96%
Volatility (1Y) Calculated over the trailing 1-year period	119.77%	120.70%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.40%	114.95%	+31.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.40%	239.60%	-93.20%

Dividends

SPAI vs. RCAT - Dividend Comparison

Neither SPAI nor RCAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SPAI and RCAT in my portfolio?

SPAI and RCAT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPAI or RCAT?

RCAT has higher volatility (38.59%) compared to SPAI (30.97%). In terms of maximum drawdown, SPAI dropped -66.27% vs RCAT's -99.76%.

Which has better risk-adjusted returns?

SPAI currently has the higher Sharpe Ratio (1.07 vs 0.83), 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.