LTRX vs. ONDS

Last updated Jun 4, 2026

LTRX (Lantronix, Inc.) and ONDS (Ondas Holdings Inc.) are both stocks. Both operate in the Communication Equipment industry within the Technology sector. Over the past 5 years, LTRX returned 6.25%/yr vs 5.11%/yr for ONDS. At a 0.22 correlation, their price movements are largely independent.

Performance

LTRX vs. ONDS - Performance Comparison

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

Returns By Period

In the year-to-date period, LTRX achieves a 27.99% return, which is significantly higher than ONDS's 18.95% return.

LTRX

• 1D: -5.54%
• 1M: 11.28%
• YTD: 27.99%
• 6M: 33.45%
• 1Y: 240.91%
• 3Y*: 21.03%
• 5Y*: 6.25%
• 10Y*: 21.50%

ONDS

• 1D: -14.51%
• 1M: 19.32%
• YTD: 18.95%
• 6M: 30.16%
• 1Y: 717.61%
• 3Y*: 136.70%
• 5Y*: 5.11%
• 10Y*: —

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

LTRX vs. ONDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LTRX Lantronix, Inc.	27.99%	42.23%	-29.69%	35.65%	-44.83%	76.35%	25.07%	20.75%	-29.50%
ONDS Ondas Holdings Inc.	18.95%	281.25%	67.32%	-3.77%	-76.30%	-28.08%	-48.17%	0.00%	33.33%

Correlation

The correlation between LTRX and ONDS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 26, 2018	0.22

The correlation between LTRX and ONDS shifts across timeframes, from 0.22 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS LTRX : -$0.17 ONDS : $1.54
PS Ratio LTRX : 2.48 ONDS : 19.00
Total Revenue (TTM) LTRX : $118.58M ONDS : $96.60M
Gross Profit (TTM) LTRX : $50.86M ONDS : $43.33M
EBITDA (TTM) LTRX : -$2.24M ONDS : -$75.39M

Return for Risk

LTRX vs. ONDS — Risk / Return Rank

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

LTRX

LTRX Risk / Return Rank: 93
LTRX Sharpe Ratio Rank: 95
LTRX Sortino Ratio Rank: 91
LTRX Omega Ratio Rank: 90
LTRX Calmar Ratio Rank: 96
LTRX Martin Ratio Rank: 95

ONDS

ONDS Risk / Return Rank: 96
ONDS Sharpe Ratio Rank: 99
ONDS Sortino Ratio Rank: 95
ONDS Omega Ratio Rank: 91
ONDS Calmar Ratio Rank: 98
ONDS Martin Ratio Rank: 98

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.

LTRX vs. ONDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lantronix, Inc. (LTRX) 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.

	LTRX	ONDS	Difference
Sharpe ratio Return per unit of total volatility	3.16	5.61	-2.45
Sortino ratio Return per unit of downside risk	3.33	4.05	-0.72
Omega ratio Gain probability vs. loss probability	1.43	1.46	-0.03
Calmar ratio Return relative to maximum drawdown	8.09	13.57	-5.49
Martin ratio Return relative to average drawdown	20.49	30.66	-10.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LTRX vs. ONDS - Sharpe Ratio Comparison

The current LTRX Sharpe Ratio is 3.16, which is lower than the ONDS Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of LTRX and ONDS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LTRX	ONDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	5.61	-2.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.05	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	-0.02	-0.07

Drawdowns

LTRX vs. ONDS - Drawdown Comparison

The maximum LTRX drawdown since its inception was -98.71%, roughly equal to the maximum ONDS drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for LTRX and ONDS.

Drawdown Indicators

	LTRX	ONDS	Difference
Max Drawdown Largest peak-to-trough decline	-98.71%	-98.28%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-30.00%	-53.37%	+23.37%
Max Drawdown (3Y) Largest decline over 3 years	-71.72%	-83.28%	+11.56%
Max Drawdown (5Y) Largest decline over 5 years	-80.34%	-96.99%	+16.65%
Max Drawdown (10Y) Largest decline over 10 years	-80.34%	—	—
Current Drawdown Current decline from peak	-88.37%	-40.46%	-47.91%
Average Drawdown Average peak-to-trough decline	-89.56%	-71.56%	-18.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.81%	23.58%	-11.77%

Volatility

LTRX vs. ONDS - Volatility Comparison

The current volatility for Lantronix, Inc. (LTRX) is 29.24%, while Ondas Holdings Inc. (ONDS) has a volatility of 41.07%. This indicates that LTRX 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.

Volatility by Period

	LTRX	ONDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.24%	41.07%	-11.83%
Volatility (6M) Calculated over the trailing 6-month period	53.97%	77.86%	-23.89%
Volatility (1Y) Calculated over the trailing 1-year period	76.84%	129.26%	-52.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.72%	113.67%	-44.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.47%	120.84%	-53.37%

Dividends

LTRX vs. ONDS - Dividend Comparison

Neither LTRX nor ONDS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LTRX and ONDS in my portfolio?

LTRX and ONDS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LTRX or ONDS?

ONDS has higher volatility (41.07%) compared to LTRX (29.24%). In terms of maximum drawdown, LTRX dropped -98.71% vs ONDS's -98.28%.

Which has better risk-adjusted returns?

ONDS currently has the higher Sharpe Ratio (5.61 vs 3.16), 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.