WLDN vs. RCAT

Last updated Jun 13, 2026

WLDN (Willdan Group, Inc.) and RCAT (Red Cat Holdings, Inc.) are both stocks. WLDN operates in Engineering & Construction (Industrials), while RCAT operates in Software - Application (Technology). Over the past 5 years, WLDN returned 19.75%/yr vs 26.88%/yr for RCAT. At a 0.13 correlation, their price movements are largely independent.

Performance

WLDN vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Willdan Group, Inc. (WLDN) 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, WLDN achieves a -7.10% return, which is significantly lower than RCAT's 40.98% return.

WLDN

• 1D: -1.21%
• 1M: 5.75%
• YTD: -7.10%
• 6M: -6.97%
• 1Y: 70.93%
• 3Y*: 71.89%
• 5Y*: 19.75%
• 10Y*: 24.56%

RCAT

• 1D: -6.91%
• 1M: 18.94%
• YTD: 40.98%
• 6M: 39.05%
• 1Y: 27.77%
• 3Y*: 131.59%
• 5Y*: 26.88%
• 10Y*: —

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

WLDN vs. RCAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WLDN Willdan Group, Inc.	-7.10%	172.14%	77.16%	20.45%	-49.29%	-15.59%	31.21%	-9.15%	46.12%	-23.20%
RCAT Red Cat Holdings, Inc.	40.98%	-38.29%	1,360.23%	-6.38%	-54.81%	-30.67%	172.73%	73,233.33%	-94.74%	-28.57%

Correlation

The correlation between WLDN and RCAT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017	0.13

Over the past year, WLDN and RCAT have become more correlated (0.35) than their long-term average of 0.13, meaning their price movements have been converging.

Fundamentals

Market Cap WLDN : $1.48B RCAT : $1.35B
EPS WLDN : $3.71 RCAT : -$0.78
PS Ratio WLDN : 2.14 RCAT : 23.24
PB Ratio WLDN : 4.78 RCAT : 5.66
Total Revenue (TTM) WLDN : $684.28M RCAT : $52.98M
Gross Profit (TTM) WLDN : $261.18M RCAT : $2.86M
EBITDA (TTM) WLDN : $64.86M RCAT : -$79.24M

Return for Risk

WLDN vs. RCAT — Risk / Return Rank

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

WLDN

WLDN Risk / Return Rank: 72
WLDN Sharpe Ratio Rank: 76
WLDN Sortino Ratio Rank: 72
WLDN Omega Ratio Rank: 76
WLDN Calmar Ratio Rank: 70
WLDN Martin Ratio Rank: 68

RCAT

RCAT Risk / Return Rank: 56
RCAT Sharpe Ratio Rank: 51
RCAT Sortino Ratio Rank: 63
RCAT Omega Ratio Rank: 58
RCAT Calmar Ratio Rank: 54
RCAT Martin Ratio Rank: 53

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.

WLDN vs. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Willdan Group, Inc. (WLDN) 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.

	WLDN	RCAT	Difference
Sharpe ratio: Return per unit of total volatility	1.10	0.23	+0.86
Sortino ratio: Return per unit of downside risk	1.74	1.28	+0.46
Omega ratio: Gain probability vs. loss probability	1.26	1.14	+0.11
Calmar ratio: Return relative to maximum drawdown	1.41	0.46	+0.95
Martin ratio: Return relative to average drawdown	2.99	0.92	+2.07

WLDN vs. RCAT - Sharpe Ratio Comparison

The current WLDN Sharpe Ratio is 1.10, which is higher than the RCAT Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of WLDN 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

WLDN vs. RCAT - Drawdown Comparison

The maximum WLDN drawdown since its inception was -89.19%, smaller than the maximum RCAT drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for WLDN and RCAT.

Drawdown Indicators

	WLDN	RCAT	Difference
Max Drawdown Largest peak-to-trough decline	-89.19%	-99.21%	+10.02%
Max Drawdown (1Y) Largest decline over 1 year	-50.41%	-60.08%	+9.67%
Max Drawdown (3Y) Largest decline over 3 years	-50.41%	-67.16%	+16.75%
Max Drawdown (5Y) Largest decline over 5 years	-72.59%	-92.25%	+19.66%
Max Drawdown (10Y) Largest decline over 10 years	-78.71%	—	—
Current Drawdown Current decline from peak	-28.63%	-35.60%	+6.97%
Average Drawdown Average peak-to-trough decline	-42.35%	-65.98%	+23.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.78%	30.17%	-6.39%

Volatility

WLDN vs. RCAT - Volatility Comparison

The current volatility for Willdan Group, Inc. (WLDN) is 8.81%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 40.71%. This indicates that WLDN 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

	WLDN	RCAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	40.71%	-31.90%
Volatility (6M) Calculated over the trailing 6-month period	50.77%	85.22%	-34.45%
Volatility (1Y) Calculated over the trailing 1-year period	65.10%	120.36%	-55.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.91%	115.04%	-59.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.13%	29,209.75%	-29,155.62%

Dividends

WLDN vs. RCAT - Dividend Comparison

Neither WLDN nor RCAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both WLDN and RCAT in my portfolio?

WLDN and RCAT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WLDN or RCAT?

RCAT has higher volatility (40.71%) compared to WLDN (8.81%). In terms of maximum drawdown, WLDN dropped -89.19% vs RCAT's -99.21%.

Which has better risk-adjusted returns?

WLDN currently has the higher Sharpe Ratio (1.09 vs 0.23), 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.