MSFT.NEO vs. ONDS

Last updated Jun 16, 2026

MSFT.NEO (Microsoft Corp CDR) and ONDS (Ondas Holdings Inc.) are both stocks. Both are in the Technology sector — MSFT.NEO in Software - Infrastructure, ONDS in Communication Equipment. Over the past 3 years, MSFT.NEO returned 4.13%/yr vs 113.64%/yr for ONDS. At a 0.25 correlation, their price movements are largely independent.

Performance

MSFT.NEO vs. ONDS - Performance Comparison

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

Different Trading Currencies

MSFT.NEO is traded in CAD, while ONDS is traded in USD. To make them comparable, the ONDS values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MSFT.NEO achieves a -17.91% return, which is significantly lower than ONDS's -0.65% return.

MSFT.NEO

• 1D: 2.25%
• 1M: -5.02%
• YTD: -17.91%
• 6M: -16.55%
• 1Y: -17.17%
• 3Y*: 4.13%
• 5Y*: —
• 10Y*: —

ONDS

• 1D: 1.87%
• 1M: -8.89%
• YTD: -0.65%
• 6M: 25.43%
• 1Y: 436.64%
• 3Y*: 113.64%
• 5Y*: 7.00%
• 10Y*: —

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

MSFT.NEO vs. ONDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MSFT.NEO Microsoft Corp CDR	-17.91%	12.61%	11.26%	56.34%	-29.26%	16.84%
ONDS Ondas Holdings Inc.	-0.65%	263.85%	81.49%	-6.06%	-74.80%	-28.40%

Correlation

The correlation between MSFT.NEO and ONDS is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021	0.25

Fundamentals

EPS MSFT.NEO : $14.11 ONDS : $1.54
PE Ratio MSFT.NEO : 1.43 ONDS : 6.18
PS Ratio MSFT.NEO : 0.51 ONDS : 15.56
Total Revenue (TTM) MSFT.NEO : $293.81B ONDS : $96.60M
Gross Profit (TTM) MSFT.NEO : $202.04B ONDS : $43.33M

Return for Risk

MSFT.NEO vs. ONDS — Risk / Return Rank

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

MSFT.NEO

MSFT.NEO Risk / Return Rank: 18
MSFT.NEO Sharpe Ratio Rank: 13
MSFT.NEO Sortino Ratio Rank: 15
MSFT.NEO Omega Ratio Rank: 15
MSFT.NEO Calmar Ratio Rank: 25
MSFT.NEO Martin Ratio Rank: 21

ONDS

ONDS Risk / Return Rank: 94
ONDS Sharpe Ratio Rank: 97
ONDS Sortino Ratio Rank: 92
ONDS Omega Ratio Rank: 88
ONDS Calmar Ratio Rank: 96
ONDS Martin Ratio Rank: 95

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.

MSFT.NEO vs. ONDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Microsoft Corp CDR (MSFT.NEO) 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.

	MSFT.NEO	ONDS	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	3.47	-4.16
Sortino ratio: Return per unit of downside risk	-0.81	3.41	-4.22
Omega ratio: Gain probability vs. loss probability	0.89	1.38	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.50	8.33	-8.83
Martin ratio: Return relative to average drawdown	-1.00	18.08	-19.08

MSFT.NEO vs. ONDS - Sharpe Ratio Comparison

The current MSFT.NEO Sharpe Ratio is -0.68, which is lower than the ONDS Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of MSFT.NEO 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.

Drawdowns

MSFT.NEO vs. ONDS - Drawdown Comparison

The maximum MSFT.NEO drawdown since its inception was -37.95%, smaller than the maximum ONDS drawdown of -98.22%. Use the drawdown chart below to compare losses from any high point for MSFT.NEO and ONDS.

Drawdown Indicators

	MSFT.NEO	ONDS	Difference
Max Drawdown Largest peak-to-trough decline	-37.95%	-98.22%	+60.27%
Max Drawdown (1Y) Largest decline over 1 year	-34.54%	-52.88%	+18.34%
Max Drawdown (3Y) Largest decline over 3 years	-34.54%	-82.63%	+48.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-96.71%	—
Current Drawdown Current decline from peak	-27.08%	-48.84%	+21.76%
Average Drawdown Average peak-to-trough decline	-12.46%	-71.70%	+59.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.18%	24.38%	-7.20%

Volatility

MSFT.NEO vs. ONDS - Volatility Comparison

The current volatility for Microsoft Corp CDR (MSFT.NEO) is 10.69%, while Ondas Holdings Inc. (ONDS) has a volatility of 36.91%. This indicates that MSFT.NEO 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

	MSFT.NEO	ONDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.69%	36.91%	-26.22%
Volatility (6M) Calculated over the trailing 6-month period	22.31%	78.29%	-55.98%
Volatility (1Y) Calculated over the trailing 1-year period	25.27%	127.01%	-101.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.17%	113.59%	-86.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.17%	120.60%	-93.43%

Dividends

MSFT.NEO vs. ONDS - Dividend Comparison

MSFT.NEO's dividend yield for the trailing twelve months is around 0.89%, while ONDS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MSFT.NEO Microsoft Corp CDR	0.89%	0.70%	0.73%	0.75%	1.07%	0.19%
ONDS Ondas Holdings Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MSFT.NEO and ONDS in my portfolio?

MSFT.NEO and ONDS have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.