LUNR vs RDW: Correlation
Intuitive Machines, Inc. (LUNR) and Redwire Corporation (RDW) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUNR and RDW?
Across a 3-year window, the weekly returns of LUNR and RDW correlate at 0.51, moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.51). Stretching to 5 years gives 0.44, with an annualized covariance of 5688.2 %².
Few assets follow LUNR as closely as RDW, which ranks #2 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with LUNR ahead by 54.6 points (+80.0% versus +25.4%).
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.
LUNR vs RDW: side by side
| LUNR (Intuitive Machines, Inc.) | RDW (Redwire Corporation) | |
|---|---|---|
| 1-year return | +80.0% | +25.4% |
| 5-year return | +67.7% | +12.9% |
| Volatility (ann.) | 109.4% | 101.5% |
| Beta vs S&P 500 | 3.31 | 3.01 |
| Max drawdown (3Y) | -75.1% | -80.3% |
| Market cap | $2.6B | $2.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUNR | RDW |
|---|---|---|
| 2022 | +3.7% | -70.7% |
| 2023 | -74.4% | +43.9% |
| 2024 | +610.8% | +477.5% |
| 2025 | -10.6% | -53.8% |
| 2026 | -0.3% | +48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUNR and RDW good diversifiers for each other?
Only partially. A correlation of 0.51 means LUNR and RDW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LUNR and RDW?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.73 over the last year and 0.44 over 5 years.
Is RDW a good diversifier for LUNR?
Only partially. A correlation of 0.51 means LUNR and RDW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/lunr-vs-rdw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lunr-vs-rdw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LUNR correlations · RDW correlations
