ONDS vs. AVGX
ONDS (Ondas Holdings Inc.) is a stock, while AVGX (Defiance Daily Target 2X Long AVGO ETF) is Leveraged Equities fund actively managed by Defiance. Over the past year, ONDS returned 445.61% vs 58.36% for AVGX. At a 0.24 correlation, their price movements are largely independent.
Performance
ONDS vs. AVGX - Performance Comparison
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Returns By Period
In the year-to-date period, ONDS achieves a -4.41% return, which is significantly lower than AVGX's 3.39% return.
ONDS
- 1D
- -5.09%
- 1M
- 5.30%
- YTD
- -4.41%
- 6M
- 6.63%
- 1Y
- 445.61%
- 3Y*
- 104.56%
- 5Y*
- 2.67%
- 10Y*
- —
AVGX
- 1D
- -1.88%
- 1M
- -20.84%
- YTD
- 3.39%
- 6M
- -5.26%
- 1Y
- 58.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONDS vs. AVGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ONDS Ondas Holdings Inc. | -4.41% | 281.25% | 200.50% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 3.39% | 46.98% | 54.13% |
Correlation
The correlation between ONDS and AVGX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.24 |
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Return for Risk
ONDS vs. AVGX — Risk / Return Rank
ONDS
AVGX
ONDS vs. AVGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ondas Holdings Inc. (ONDS) and Defiance Daily Target 2X Long AVGO ETF (AVGX). 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.
| ONDS | AVGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 8.42 | 1.08 | +7.33 |
| Martin ratioReturn relative to average drawdown | 18.67 | 2.35 | +16.32 |
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Drawdowns
ONDS vs. AVGX - Drawdown Comparison
The maximum ONDS drawdown since its inception was -98.28%, which is greater than AVGX's maximum drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for ONDS and AVGX.
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Drawdown Indicators
| ONDS | AVGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -70.97% | -27.31% |
Max Drawdown (1Y)Largest decline over 1 year | -53.37% | -54.09% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -83.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.99% | — | — |
Current DrawdownCurrent decline from peak | -52.15% | -39.65% | -12.50% |
Average DrawdownAverage peak-to-trough decline | -71.41% | -23.11% | -48.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.01% | 24.90% | -0.89% |
Volatility
ONDS vs. AVGX - Volatility Comparison
Ondas Holdings Inc. (ONDS) and Defiance Daily Target 2X Long AVGO ETF (AVGX) have volatilities of 44.08% and 42.68%, 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.
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Volatility by Period
| ONDS | AVGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.08% | 42.68% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 78.27% | 71.57% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.45% | 91.19% | +36.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.81% | 106.96% | +6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.73% | 106.96% | +13.77% |
Dividends
ONDS vs. AVGX - Dividend Comparison
ONDS has not paid dividends to shareholders, while AVGX's dividend yield for the trailing twelve months is around 1.60%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.60% | 1.65% | 0.81% |
ONDS Ondas Holdings Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ONDS and AVGX have a correlation of 0.23, 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 AVGX (42.68%). In terms of maximum drawdown, ONDS dropped -98.28% vs AVGX's -70.97%.
ONDS currently has the higher Sharpe Ratio (3.55 vs 0.64), 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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