MKA.L vs. ONDS
MKA.L (Mkango Resources Ltd) and ONDS (Ondas Holdings Inc.) are both stocks. MKA.L operates in Other Industrial Metals & Mining (Basic Materials), while ONDS operates in Communication Equipment (Technology). Over the past 5 years, MKA.L returned 6.89%/yr vs 3.73%/yr for ONDS. At a 0.01 correlation, their price movements are largely independent.
Performance
MKA.L vs. ONDS - Performance Comparison
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Different Trading Currencies
MKA.L is traded in GBp, while ONDS is traded in USD. To make them comparable, the ONDS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MKA.L achieves a -7.74% return, which is significantly lower than ONDS's -3.92% return.
MKA.L
- 1D
- 2.14%
- 1M
- -4.67%
- YTD
- -7.74%
- 6M
- -17.50%
- 1Y
- 160.00%
- 3Y*
- 57.41%
- 5Y*
- 6.89%
- 10Y*
- —
ONDS
- 1D
- -5.00%
- 1M
- 6.23%
- YTD
- -3.92%
- 6M
- 6.36%
- 1Y
- 454.27%
- 3Y*
- 100.44%
- 5Y*
- 3.73%
- 10Y*
- —
MKA.L vs. ONDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MKA.L Mkango Resources Ltd | -7.74% | 484.91% | -30.87% | -6.12% | -60.48% | 77.14% | 103.49% | -0.00% | 7.50% |
ONDS Ondas Holdings Inc. | -3.92% | 254.09% | 70.24% | -8.58% | -73.49% | -27.40% | -50.25% | -4.02% | 35.79% |
Correlation
The correlation between MKA.L and ONDS is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.01 |
Fundamentals
MKA.L:
-$0.04
ONDS:
$1.54
MKA.L:
3.72K
ONDS:
15.27
MKA.L:
$50.78K
ONDS:
$96.60M
MKA.L:
-$544.15K
ONDS:
$43.33M
MKA.L:
-$17.87M
ONDS:
-$75.39M
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Return for Risk
MKA.L vs. ONDS — Risk / Return Rank
MKA.L
ONDS
MKA.L vs. ONDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mkango Resources Ltd (MKA.L) 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.
| MKA.L | ONDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 8.74 | -5.65 |
| Martin ratioReturn relative to average drawdown | 6.25 | 19.15 | -12.90 |
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Drawdowns
MKA.L vs. ONDS - Drawdown Comparison
The maximum MKA.L drawdown since its inception was -88.80%, smaller than the maximum ONDS drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for MKA.L and ONDS.
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Drawdown Indicators
| MKA.L | ONDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.80% | -98.28% | +9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -51.45% | -52.43% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -67.06% | -82.30% | +15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -88.80% | -96.67% | +7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -88.80% | — | — |
Current DrawdownCurrent decline from peak | -37.83% | -56.88% | +19.05% |
Average DrawdownAverage peak-to-trough decline | -43.09% | -73.59% | +30.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.50% | 23.88% | +1.62% |
Volatility
MKA.L vs. ONDS - Volatility Comparison
The current volatility for Mkango Resources Ltd (MKA.L) is 22.52%, while Ondas Holdings Inc. (ONDS) has a volatility of 44.25%. This indicates that MKA.L 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
| MKA.L | ONDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.52% | 44.25% | -21.73% |
Volatility (6M)Calculated over the trailing 6-month period | 48.28% | 77.46% | -29.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.98% | 126.76% | -31.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.51% | 113.45% | -35.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.26% | 120.36% | -24.10% |
Dividends
MKA.L vs. ONDS - Dividend Comparison
Neither MKA.L nor ONDS has paid dividends to shareholders.
Financials
MKA.L vs. ONDS - Financials Comparison
This section allows you to compare key financial metrics between Mkango Resources 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
MKA.L and ONDS have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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