DPRO vs RKLB: Correlation
Draganfly Inc. (DPRO) and Rocket Lab Corporation (RKLB) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPRO and RKLB?
Over the past 3 years, DPRO and RKLB moved with a correlation of 0.44, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.44 over 3 years. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 4469.1 %².
Within DPRO's tracked universe of 12 assets, RKLB comes in at #5 by 3-year correlation. The last year tells two different stories: RKLB led by 51.2 percentage points, -5.2% for DPRO against +46.0% for RKLB.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DPRO vs RKLB: side by side
| DPRO (Draganfly Inc.) | RKLB (Rocket Lab Corporation) | |
|---|---|---|
| 1-year return | -5.2% | +46.0% |
| 5-year return | -93.9% | +573.3% |
| Volatility (ann.) | 118.7% | 85.6% |
| Beta vs S&P 500 | 2.21 | 2.58 |
| Max drawdown (3Y) | -92.7% | -61.0% |
| Market cap | $0.2B | $43.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPRO | RKLB |
|---|---|---|
| 2022 | -54.0% | -69.3% |
| 2023 | -36.0% | +46.7% |
| 2024 | -66.6% | +360.6% |
| 2025 | +72.3% | +173.9% |
| 2026 | -36.8% | -3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPRO and RKLB good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DPRO and RKLB?
As of 2026-08-27, the correlation of weekly returns between DPRO and RKLB is 0.44 over 3 years, 0.55 over 1 year and 0.32 over 5 years.
Is RKLB a good diversifier for DPRO?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dpro-vs-rklb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dpro-vs-rklb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPRO correlations · RKLB correlations
