ONDS vs. ELEZY

Last updated Jun 9, 2026

ONDS (Ondas Holdings Inc.) and ELEZY (Endesa SA ADR) are both stocks. ONDS operates in Communication Equipment (Technology), while ELEZY operates in Utilities - Regulated Electric (Utilities). Over the past 5 years, ONDS returned 4.41%/yr vs 17.48%/yr for ELEZY. At a 0.00 correlation, their price movements are largely independent.

Performance

ONDS vs. ELEZY - Performance Comparison

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

Returns By Period

In the year-to-date period, ONDS achieves a 5.53% return, which is significantly lower than ELEZY's 18.03% return.

ONDS

• 1D: -1.25%
• 1M: 13.69%
• YTD: 5.53%
• 6M: 14.19%
• 1Y: 505.88%
• 3Y*: 120.56%
• 5Y*: 4.41%
• 10Y*: —

ELEZY

• 1D: -1.70%
• 1M: -1.90%
• YTD: 18.03%
• 6M: 18.29%
• 1Y: 41.21%
• 3Y*: 31.00%
• 5Y*: 17.48%
• 10Y*: —

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

ONDS vs. ELEZY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ONDS Ondas Holdings Inc.	5.53%	281.25%	67.32%	-3.77%	-76.30%	-28.08%	-48.17%	0.00%	33.33%
ELEZY Endesa SA ADR	18.03%	75.81%	9.78%	19.46%	-14.63%	-12.87%	6.49%	22.67%	5.16%

Correlation

The correlation between ONDS and ELEZY is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since Oct 26, 2018	0.00

Fundamentals

EPS ONDS : $1.54 ELEZY : $1.11
PE Ratio ONDS : 6.69 ELEZY : 18.75
PS Ratio ONDS : 16.85 ELEZY : 2.06
Total Revenue (TTM) ONDS : $96.60M ELEZY : $21.28B
Gross Profit (TTM) ONDS : $43.33M ELEZY : $1.31B
EBITDA (TTM) ONDS : -$75.39M ELEZY : $1.08B

Return for Risk

ONDS vs. ELEZY — Risk / Return Rank

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

ONDS

ONDS Risk / Return Rank: 95
ONDS Sharpe Ratio Rank: 98
ONDS Sortino Ratio Rank: 93
ONDS Omega Ratio Rank: 89
ONDS Calmar Ratio Rank: 97
ONDS Martin Ratio Rank: 96

ELEZY

ELEZY Risk / Return Rank: 83
ELEZY Sharpe Ratio Rank: 84
ELEZY Sortino Ratio Rank: 79
ELEZY Omega Ratio Rank: 76
ELEZY Calmar Ratio Rank: 88
ELEZY Martin Ratio Rank: 89

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.

ONDS vs. ELEZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ondas Holdings Inc. (ONDS) and Endesa SA ADR (ELEZY). 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.

	ONDS	ELEZY	Difference
Sharpe ratio: Return per unit of total volatility	4.00	1.55	+2.45
Sortino ratio: Return per unit of downside risk	3.58	2.17	+1.41
Omega ratio: Gain probability vs. loss probability	1.40	1.26	+0.14
Calmar ratio: Return relative to maximum drawdown	9.56	3.80	+5.76
Martin ratio: Return relative to average drawdown	21.50	10.32	+11.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONDS vs. ELEZY - Sharpe Ratio Comparison

The current ONDS Sharpe Ratio is 4.00, which is higher than the ELEZY Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of ONDS and ELEZY, 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

	ONDS	ELEZY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.00	1.55	+2.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.56	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.45	-0.48

Drawdowns

ONDS vs. ELEZY - Drawdown Comparison

The maximum ONDS drawdown since its inception was -98.28%, which is greater than ELEZY's maximum drawdown of -50.29%. Use the drawdown chart below to compare losses from any high point for ONDS and ELEZY.

Drawdown Indicators

	ONDS	ELEZY	Difference
Max Drawdown Largest peak-to-trough decline	-98.28%	-50.29%	-47.99%
Max Drawdown (1Y) Largest decline over 1 year	-53.37%	-10.89%	-42.48%
Max Drawdown (3Y) Largest decline over 3 years	-83.28%	-20.80%	-62.48%
Max Drawdown (5Y) Largest decline over 5 years	-96.99%	-43.16%	-53.83%
Current Drawdown Current decline from peak	-47.18%	-8.43%	-38.75%
Average Drawdown Average peak-to-trough decline	-71.51%	-15.75%	-55.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.69%	4.00%	+19.69%

Volatility

ONDS vs. ELEZY - Volatility Comparison

Ondas Holdings Inc. (ONDS) has a higher volatility of 43.10% compared to Endesa SA ADR (ELEZY) at 8.06%. This indicates that ONDS's price experiences larger fluctuations and is considered to be riskier than ELEZY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONDS	ELEZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.10%	8.06%	+35.04%
Volatility (6M) Calculated over the trailing 6-month period	78.28%	21.36%	+56.92%
Volatility (1Y) Calculated over the trailing 1-year period	127.70%	26.77%	+100.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.82%	31.42%	+82.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.85%	36.14%	+84.71%

Dividends

ONDS vs. ELEZY - Dividend Comparison

ONDS has not paid dividends to shareholders, while ELEZY's dividend yield for the trailing twelve months is around 3.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ELEZY Endesa SA ADR	3.72%	4.12%	2.49%	11.14%	5.31%	9.35%	2.10%	2.80%
ONDS Ondas Holdings Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ONDS and ELEZY in my portfolio?

ONDS and ELEZY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONDS or ELEZY?

ONDS has higher volatility (43.10%) compared to ELEZY (8.06%). In terms of maximum drawdown, ONDS dropped -98.28% vs ELEZY's -50.29%.

Which has better risk-adjusted returns?

ONDS currently has the higher Sharpe Ratio (4.00 vs 1.55), 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.