LPTH vs. ONDS

Last updated Apr 1, 2026

Compare and contrast key facts about LightPath Technologies, Inc. (LPTH) and Ondas Holdings Inc. (ONDS).

Performance

LPTH vs. ONDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LightPath Technologies, Inc. (LPTH) and Ondas Holdings Inc. (ONDS). The values are adjusted to include any dividend payments, if applicable.

LPTH vs. ONDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LPTH LightPath Technologies, Inc.	-7.13%	205.95%	180.16%	3.28%	-50.00%	-37.76%	440.69%	-51.34%	-18.58%
ONDS Ondas Holdings Inc.	-7.38%	281.25%	67.32%	-3.77%	-76.30%	-28.08%	-48.17%	0.00%	33.33%

Fundamentals

EPS LPTH : -$212.20 ONDS : -$0.97
PS Ratio LPTH : 0.03 ONDS : 24.39
Total Revenue (TTM) LPTH : $16.39B ONDS : $50.73M
Gross Profit (TTM) LPTH : $6.03B ONDS : $20.16M
EBITDA (TTM) LPTH : -$592.31M ONDS : -$21.57M

Returns By Period

The year-to-date returns for both stocks are quite close, with LPTH having a -7.13% return and ONDS slightly lower at -7.38%.

LPTH

• 1D: 7.73%
• 1M: -3.84%
• YTD: -7.13%
• 6M: 26.48%
• 1Y: 399.00%
• 3Y*: 92.32%
• 5Y*: 25.36%
• 10Y*: 17.56%

ONDS

• 1D: 10.92%
• 1M: -10.32%
• YTD: -7.38%
• 6M: 17.10%
• 1Y: 744.86%
• 3Y*: 103.04%
• 5Y*: -0.86%
• 10Y*: —

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

Return for Risk

LPTH vs. ONDS — Risk / Return Rank

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

LPTH

LPTH Risk / Return Rank: 96
LPTH Sharpe Ratio Rank: 98
LPTH Sortino Ratio Rank: 94
LPTH Omega Ratio Rank: 91
LPTH Calmar Ratio Rank: 98
LPTH Martin Ratio Rank: 98

ONDS

ONDS Risk / Return Rank: 98
ONDS Sharpe Ratio Rank: 100
ONDS Sortino Ratio Rank: 97
ONDS Omega Ratio Rank: 93
ONDS Calmar Ratio Rank: 99
ONDS Martin Ratio Rank: 99

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.

LPTH vs. ONDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LightPath Technologies, Inc. (LPTH) 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.

	LPTH	ONDS	Difference
Sharpe ratio Return per unit of total volatility	3.63	5.78	-2.15
Sortino ratio Return per unit of downside risk	3.37	3.96	-0.59
Omega ratio Gain probability vs. loss probability	1.41	1.45	-0.04
Calmar ratio Return relative to maximum drawdown	9.79	13.25	-3.46
Martin ratio Return relative to average drawdown	24.62	31.53	-6.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LPTH vs. ONDS - Sharpe Ratio Comparison

The current LPTH Sharpe Ratio is 3.63, which is lower than the ONDS Sharpe Ratio of 5.78. The chart below compares the historical Sharpe Ratios of LPTH and ONDS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LPTH	ONDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.63	5.78	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	-0.01	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	-0.05	+0.07

Correlation

The correlation between LPTH and ONDS is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LPTH vs. ONDS - Dividend Comparison

Neither LPTH nor ONDS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

LPTH vs. ONDS - Drawdown Comparison

The maximum LPTH drawdown since its inception was -99.65%, roughly equal to the maximum ONDS drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for LPTH and ONDS.

Drawdown Indicators

	LPTH	ONDS	Difference
Max Drawdown Largest peak-to-trough decline	-99.65%	-98.28%	-1.37%
Max Drawdown (1Y) Largest decline over 1 year	-40.52%	-53.37%	+12.85%
Max Drawdown (5Y) Largest decline over 5 years	-69.14%	-96.99%	+27.85%
Max Drawdown (10Y) Largest decline over 10 years	-86.28%	—	—
Current Drawdown Current decline from peak	-84.64%	-53.64%	-31.00%
Average Drawdown Average peak-to-trough decline	-86.36%	-72.25%	-14.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.11%	22.43%	-6.32%

Volatility

LPTH vs. ONDS - Volatility Comparison

LightPath Technologies, Inc. (LPTH) and Ondas Holdings Inc. (ONDS) have volatilities of 25.90% and 25.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LPTH	ONDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.90%	25.67%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	85.63%	91.80%	-6.17%
Volatility (1Y) Calculated over the trailing 1-year period	110.83%	130.18%	-19.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.04%	113.48%	-31.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.19%	121.04%	-42.85%

Financials