SPAI vs. RCAT

Last updated Aug 1, 2026

SPAI (Safe Pro Group Inc) and RCAT (Red Cat Holdings, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past year, SPAI returned 21.78% vs -8.17% for RCAT. Their 0.37 correlation means their historical movements had little consistent relationship.

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 -4.57% return, which is significantly higher than RCAT's -5.04% return.

SPAI

• 1D: 1.79%
• 1M: -3.17%
• 6M: -15.17%
• YTD: -4.57%
• 1Y: 21.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.39%

RCAT

• 1D: 2.03%
• 1M: -27.87%
• 6M: -44.22%
• YTD: -5.04%
• 1Y: -8.17%
• 3Y*: 94.71%
• 5Y*: 19.04%
• 10Y*: —
• ALL TIME*: 8.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RCAT Red Cat Holdings, Inc.	$57.87M	$66.86M	$140.79M
SPAI Safe Pro Group Inc	$328.11K	$304.25K	$1.32M

SPAI vs. RCAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPAI Safe Pro Group Inc	-4.57%	8.62%	-4.25%
RCAT Red Cat Holdings, Inc.	-5.04%	-38.29%	313.18%

Correlation

The correlation between SPAI and RCAT is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024	0.37

The correlation between SPAI and RCAT shifts across timeframes, from 0.37 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SPAI : $81.86M RCAT : $812.08M
EPS SPAI : -$0.72 RCAT : -$0.74
PS Ratio SPAI : 44.17 RCAT : 16.32
PB Ratio SPAI : 5.31 RCAT : 3.81
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 historical risk-adjusted metric ranks over the past 12 months.

SPAI

SPAI Risk / Return Rank: 51
SPAI Sharpe Ratio Rank: 48
SPAI Sortino Ratio Rank: 57
SPAI Omega Ratio Rank: 54
SPAI Calmar Ratio Rank: 48
SPAI Martin Ratio Rank: 47

RCAT

RCAT Risk / Return Rank: 44
RCAT Sharpe Ratio Rank: 41
RCAT Sortino Ratio Rank: 53
RCAT Omega Ratio Rank: 49
RCAT Calmar Ratio Rank: 39
RCAT Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	SPAI	RCAT	Difference
Sharpe ratio: Return per unit of total volatility	0.08	-0.08	+0.16
Sortino ratio: Return per unit of downside risk	0.93	0.75	+0.18
Omega ratio: Gain probability vs. loss probability	1.11	1.08	+0.03
Calmar ratio: Return relative to maximum drawdown	0.13	-0.15	+0.28
Martin ratio: Return relative to average drawdown	0.20	-0.28	+0.47

SPAI vs. RCAT - Sharpe Ratio Comparison

The current SPAI Sharpe Ratio is 0.08, which is higher than the RCAT Sharpe Ratio of -0.08. 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.

Drawdowns

SPAI vs. RCAT - Drawdown Comparison

The maximum SPAI drawdown since its inception was -66.27%, smaller than the maximum RCAT drawdown of -92.25%. 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%	-92.25%	+25.98%
Max Drawdown (1Y) Largest decline over 1 year	-63.91%	-61.00%	-2.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-67.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-84.72%	—
Current Drawdown Current decline from peak	-55.64%	-56.62%	+0.98%
Average Drawdown Average peak-to-trough decline	-37.67%	-62.06%	+24.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.16%	32.97%	+10.19%

Volatility

SPAI vs. RCAT - Volatility Comparison

The current volatility for Safe Pro Group Inc (SPAI) is 16.47%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 25.44%. 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	16.47%	25.44%	-8.97%
Volatility (6M) Calculated over the trailing 6-month period	63.17%	79.33%	-16.16%
Volatility (1Y) Calculated over the trailing 1-year period	106.99%	114.36%	-7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	141.27%	106.92%	+34.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.27%	164.31%	-23.04%

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 0.51, 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 (25.44%) compared to SPAI (16.47%). In terms of maximum drawdown, SPAI dropped -66.27% vs RCAT's -92.25%.

Which has better risk-adjusted returns?

SPAI currently has the higher Sharpe Ratio (0.08 vs -0.08), 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.