ESLT vs. ONDS
ESLT (Elbit Systems Ltd) and ONDS (Ondas Holdings Inc.) are both stocks. ESLT operates in Aerospace & Defense (Industrials), while ONDS operates in Communication Equipment (Technology). Over the past 5 years, ESLT returned 46.38%/yr vs 2.67%/yr for ONDS. At a 0.16 correlation, their price movements are largely independent.
Performance
ESLT vs. ONDS - Performance Comparison
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Returns By Period
In the year-to-date period, ESLT achieves a 48.00% return, which is significantly higher than ONDS's -4.41% return.
ESLT
- 1D
- -6.48%
- 1M
- 9.58%
- YTD
- 48.00%
- 6M
- 66.16%
- 1Y
- 98.98%
- 3Y*
- 60.86%
- 5Y*
- 46.38%
- 10Y*
- 26.53%
ONDS
- 1D
- -5.09%
- 1M
- 5.30%
- YTD
- -4.41%
- 6M
- 6.63%
- 1Y
- 445.61%
- 3Y*
- 104.56%
- 5Y*
- 2.67%
- 10Y*
- —
ESLT vs. ONDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 48.00% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -3.45% |
ONDS Ondas Holdings Inc. | -4.41% | 281.25% | 67.32% | -3.77% | -76.30% | -28.08% | -48.17% | 0.00% | 33.33% |
Correlation
The correlation between ESLT and ONDS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.16 |
The correlation between ESLT and ONDS shifts across timeframes, from 0.16 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ESLT:
$12.36
ONDS:
$1.54
ESLT:
69.08
ONDS:
6.06
ESLT:
4.93
ONDS:
15.27
ESLT:
$8.23B
ONDS:
$96.60M
ESLT:
$2.03B
ONDS:
$43.33M
ESLT:
$861.06M
ONDS:
-$75.39M
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Return for Risk
ESLT vs. ONDS — Risk / Return Rank
ESLT
ONDS
ESLT vs. ONDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) and Ondas Holdings Inc. (ONDS). 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.
| ESLT | ONDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 8.42 | -4.59 |
| Martin ratioReturn relative to average drawdown | 10.61 | 18.67 | -8.06 |
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Drawdowns
ESLT vs. ONDS - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, smaller than the maximum ONDS drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for ESLT and ONDS.
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Drawdown Indicators
| ESLT | ONDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -98.28% | +44.49% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -53.37% | +27.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -83.28% | +57.30% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -96.99% | +64.10% |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | — | — |
Current DrawdownCurrent decline from peak | -15.71% | -52.15% | +36.44% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -71.41% | +57.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 24.01% | -14.65% |
Volatility
ESLT vs. ONDS - Volatility Comparison
The current volatility for Elbit Systems Ltd (ESLT) is 19.89%, while Ondas Holdings Inc. (ONDS) has a volatility of 44.08%. This indicates that ESLT experiences smaller price fluctuations and is considered to be less risky than ONDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESLT | ONDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 44.08% | -24.19% |
Volatility (6M)Calculated over the trailing 6-month period | 35.93% | 78.27% | -42.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.11% | 127.45% | -83.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 113.81% | -80.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 120.73% | -91.31% |
Dividends
ESLT vs. ONDS - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.36%, while ONDS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.36% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
ONDS Ondas 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
ESLT vs. ONDS - Financials Comparison
This section allows you to compare key financial metrics between Elbit Systems Ltd and Ondas 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
ESLT and ONDS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONDS has higher volatility (44.08%) compared to ESLT (19.89%). In terms of maximum drawdown, ESLT dropped -53.79% vs ONDS's -98.28%.
ONDS currently has the higher Sharpe Ratio (3.55 vs 2.26), 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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