ONDS vs. KTOS
ONDS (Ondas Holdings Inc.) and KTOS (Kratos Defense & Security Solutions, Inc.) are both stocks. ONDS operates in Communication Equipment (Technology), while KTOS operates in Aerospace & Defense (Industrials). Over the past 5 years, ONDS returned 1.42%/yr vs 15.61%/yr for KTOS. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
ONDS vs. KTOS - Performance Comparison
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Returns By Period
In the year-to-date period, ONDS achieves a -14.24% return, which is significantly higher than KTOS's -35.17% return.
ONDS
- 1D
- 11.75%
- 1M
- 12.96%
- 6M
- -21.33%
- YTD
- -14.24%
- 1Y
- 280.45%
- 3Y*
- 78.57%
- 5Y*
- 1.42%
- 10Y*
- —
- ALL TIME*
- -5.96%
KTOS
- 1D
- 5.60%
- 1M
- -11.09%
- 6M
- -48.82%
- YTD
- -35.17%
- 1Y
- -13.23%
- 3Y*
- 43.65%
- 5Y*
- 15.61%
- 10Y*
- 24.77%
- ALL TIME*
- -4.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $147.86M | $167.36M | $257.11M | |
| $780.71M | $776.20M | $777.67M |
ONDS vs. KTOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ONDS Ondas Holdings Inc. | -14.24% | 281.25% | 67.32% | -3.77% | -76.30% | -28.08% | -48.17% | 0.00% | 33.33% |
KTOS Kratos Defense & Security Solutions, Inc. | -35.17% | 187.76% | 30.01% | 96.61% | -46.80% | -29.27% | 52.30% | 27.82% | 9.99% |
Correlation
The correlation between ONDS and KTOS is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.26 |
Over the past year, ONDS and KTOS have become more correlated (0.55) than their long-term average of 0.26, meaning their price movements have been converging.
Fundamentals
ONDS:
$4.77B
KTOS:
$9.23B
ONDS:
$1.52
KTOS:
$0.17
ONDS:
5.52
KTOS:
293.20
ONDS:
13.91
KTOS:
6.09
ONDS:
$96.60M
KTOS:
$1.42B
ONDS:
$43.33M
KTOS:
$259.40M
ONDS:
-$75.39M
KTOS:
$78.30M
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Return for Risk
ONDS vs. KTOS — Risk / Return Rank
ONDS
KTOS
ONDS vs. KTOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ondas Holdings Inc. (ONDS) and Kratos Defense & Security Solutions, Inc. (KTOS). 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 | KTOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.29 | -0.20 | +5.49 |
| Martin ratioReturn relative to average drawdown | 9.79 | -0.35 | +10.14 |
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Drawdowns
ONDS vs. KTOS - Drawdown Comparison
The maximum ONDS drawdown since its inception was -98.28%, roughly equal to the maximum KTOS drawdown of -99.81%. Use the drawdown chart below to compare losses from any high point for ONDS and KTOS.
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Drawdown Indicators
| ONDS | KTOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -99.81% | +1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -53.43% | -66.43% | +13.00% |
Max Drawdown (3Y)Largest decline over 3 years | -77.14% | -66.43% | -10.71% |
Max Drawdown (5Y)Largest decline over 5 years | -96.99% | -66.43% | -30.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.74% | — |
Current DrawdownCurrent decline from peak | -57.08% | -96.88% | +39.80% |
Average DrawdownAverage peak-to-trough decline | -71.17% | -95.93% | +24.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.81% | 37.59% | -8.78% |
Volatility
ONDS vs. KTOS - Volatility Comparison
Ondas Holdings Inc. (ONDS) has a higher volatility of 29.57% compared to Kratos Defense & Security Solutions, Inc. (KTOS) at 20.07%. This indicates that ONDS's price experiences larger fluctuations and is considered to be riskier than KTOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONDS | KTOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.57% | 20.07% | +9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 72.84% | 54.49% | +18.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 126.53% | 71.81% | +54.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.54% | 53.18% | +61.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.16% | 51.20% | +68.96% |
Dividends
ONDS vs. KTOS - Dividend Comparison
Neither ONDS nor KTOS has paid dividends to shareholders.
Financials
ONDS vs. KTOS - Financials Comparison
This section allows you to compare key financial metrics between Ondas Holdings Inc. and Kratos Defense & Security Solutions, 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
ONDS and KTOS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONDS has higher volatility (29.57%) compared to KTOS (20.07%). In terms of maximum drawdown, ONDS dropped -98.28% vs KTOS's -99.81%.
ONDS currently has the higher Sharpe Ratio (2.24 vs -0.19), 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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