VWAV vs. STLD
VWAV (VisionWave Holdings, Inc.) and STLD (Steel Dynamics, Inc.) are both stocks. VWAV operates in Aerospace & Defense (Industrials), while STLD operates in Steel (Basic Materials). At a 0.08 correlation, their price movements are largely independent.
Performance
VWAV vs. STLD - Performance Comparison
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Returns By Period
In the year-to-date period, VWAV achieves a -52.97% return, which is significantly lower than STLD's 48.57% return.
VWAV
- 1D
- -11.66%
- 1M
- -14.61%
- YTD
- -52.97%
- 6M
- -51.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STLD
- 1D
- 0.43%
- 1M
- 4.56%
- YTD
- 48.57%
- 6M
- 43.66%
- 1Y
- 102.05%
- 3Y*
- 36.68%
- 5Y*
- 35.36%
- 10Y*
- 28.98%
VWAV vs. STLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VWAV VisionWave Holdings, Inc. | -52.97% | 254.79% |
STLD Steel Dynamics, Inc. | 48.57% | 28.03% |
Correlation
The correlation between VWAV and STLD is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.08 |
Fundamentals
VWAV:
$85.28M
STLD:
$36.34B
VWAV:
-$1.28
STLD:
$9.33
VWAV:
0.86
STLD:
3.97
VWAV:
$0.00
STLD:
$19.01B
VWAV:
$0.00
STLD:
$2.66B
VWAV:
-$11.99M
STLD:
$2.23B
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Return for Risk
VWAV vs. STLD — Risk / Return Rank
VWAV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
STLD
VWAV vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VisionWave Holdings, Inc. (VWAV) and Steel Dynamics, Inc. (STLD). 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.
| VWAV | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.44 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.05 | — |
| Martin ratioReturn relative to average drawdown | — | 16.77 | — |
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Drawdowns
VWAV vs. STLD - Drawdown Comparison
The maximum VWAV drawdown since its inception was -69.29%, smaller than the maximum STLD drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for VWAV and STLD.
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Drawdown Indicators
| VWAV | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.29% | -87.05% | +17.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.46% | — |
Current DrawdownCurrent decline from peak | -69.29% | -11.24% | -58.05% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -33.25% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.11% | — |
Volatility
VWAV vs. STLD - Volatility Comparison
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Volatility by Period
| VWAV | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 400.71% | 34.30% | +366.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.71% | 38.12% | +362.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 400.71% | 39.39% | +361.32% |
Dividends
VWAV vs. STLD - Dividend Comparison
VWAV has not paid dividends to shareholders, while STLD's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STLD Steel Dynamics, Inc. | 0.81% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
VWAV VisionWave Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
VWAV vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between VisionWave Holdings, Inc. and Steel Dynamics, 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
Frequently Asked Questions
VWAV and STLD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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