ZENA vs. RCAT
ZENA (ZenaTech Inc) and RCAT (Red Cat Holdings, Inc.) are both stocks. ZENA operates in Software - Infrastructure (Technology), while RCAT operates in Aerospace & Defense (Industrials). Over the past year, ZENA returned -61.01% vs 41.78% for RCAT. At a 0.42 correlation, their price movements are largely independent.
Performance
ZENA vs. RCAT - Performance Comparison
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Returns By Period
In the year-to-date period, ZENA achieves a -54.06% return, which is significantly lower than RCAT's 28.37% return.
ZENA
- 1D
- 8.09%
- 1M
- 7.30%
- YTD
- -54.06%
- 6M
- -62.69%
- 1Y
- -61.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RCAT
- 1D
- -4.23%
- 1M
- 8.18%
- YTD
- 28.37%
- 6M
- 10.89%
- 1Y
- 41.78%
- 3Y*
- 105.10%
- 5Y*
- 31.69%
- 10Y*
- —
ZENA vs. RCAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZENA ZenaTech Inc | -54.06% | -58.39% | -23.10% |
RCAT Red Cat Holdings, Inc. | 28.37% | -38.29% | 405.91% |
Correlation
The correlation between ZENA and RCAT is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024 | 0.42 |
The correlation between ZENA and RCAT shifts across timeframes, from 0.42 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ZENA:
$70.59M
RCAT:
$1.23B
ZENA:
-CA$1.16
RCAT:
-$0.78
ZENA:
6.31
RCAT:
21.16
ZENA:
6.20
RCAT:
5.15
ZENA:
CA$12.83M
RCAT:
$52.98M
ZENA:
CA$10.78M
RCAT:
$2.86M
ZENA:
-CA$30.02M
RCAT:
-$79.24M
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Return for Risk
ZENA vs. RCAT — Risk / Return Rank
ZENA
RCAT
ZENA vs. RCAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ZenaTech Inc (ZENA) 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.
| ZENA | RCAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.16 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 0.70 | -1.45 |
| Martin ratioReturn relative to average drawdown | -1.22 | 1.39 | -2.61 |
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Drawdowns
ZENA vs. RCAT - Drawdown Comparison
The maximum ZENA drawdown since its inception was -87.96%, roughly equal to the maximum RCAT drawdown of -92.25%. Use the drawdown chart below to compare losses from any high point for ZENA and RCAT.
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Drawdown Indicators
| ZENA | RCAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.96% | -92.25% | +4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -81.46% | -60.08% | -21.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.25% | — |
Current DrawdownCurrent decline from peak | -85.73% | -41.36% | -44.37% |
Average DrawdownAverage peak-to-trough decline | -63.87% | -62.25% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.88% | 30.16% | +19.72% |
Volatility
ZENA vs. RCAT - Volatility Comparison
The current volatility for ZenaTech Inc (ZENA) is 26.94%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 42.36%. This indicates that ZENA 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.
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Volatility by Period
| ZENA | RCAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.94% | 42.36% | -15.42% |
Volatility (6M)Calculated over the trailing 6-month period | 76.42% | 85.19% | -8.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.84% | 118.75% | -17.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 245.70% | 114.59% | +131.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 245.70% | 165.18% | +80.52% |
Dividends
ZENA vs. RCAT - Dividend Comparison
Neither ZENA nor RCAT has paid dividends to shareholders.
Financials
ZENA vs. RCAT - Financials Comparison
This section allows you to compare key financial metrics between ZenaTech Inc and Red Cat Holdings, 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
ZENA and RCAT have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCAT has higher volatility (42.36%) compared to ZENA (26.94%). In terms of maximum drawdown, ZENA dropped -87.96% vs RCAT's -92.25%.
RCAT currently has the higher Sharpe Ratio (0.35 vs -0.61), 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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