ONDS vs. MKA.L
ONDS (Ondas Holdings Inc.) and MKA.L (Mkango Resources Ltd) are both stocks. ONDS operates in Communication Equipment (Technology), while MKA.L operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, ONDS returned 2.67%/yr vs 5.78%/yr for MKA.L. At a 0.04 correlation, their price movements are largely independent.
Performance
ONDS vs. MKA.L - Performance Comparison
Loading charts...
Different Trading Currencies
ONDS is traded in USD, while MKA.L is traded in GBp. To make them comparable, the MKA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ONDS achieves a -4.41% return, which is significantly higher than MKA.L's -8.16% return.
ONDS
- 1D
- -5.09%
- 1M
- 5.30%
- YTD
- -4.41%
- 6M
- 6.63%
- 1Y
- 445.61%
- 3Y*
- 104.56%
- 5Y*
- 2.67%
- 10Y*
- —
MKA.L
- 1D
- 1.98%
- 1M
- -5.57%
- YTD
- -8.16%
- 6M
- -17.32%
- 1Y
- 155.84%
- 3Y*
- 60.60%
- 5Y*
- 5.78%
- 10Y*
- —
ONDS vs. MKA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ONDS Ondas Holdings Inc. | -4.41% | 281.25% | 67.32% | -3.77% | -76.30% | -28.08% | -48.17% | 0.00% | 33.33% |
MKA.L Mkango Resources Ltd | -8.16% | 529.04% | -32.02% | -1.17% | -64.71% | 75.54% | 109.72% | 4.01% | 6.33% |
Correlation
The correlation between ONDS and MKA.L 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.04 |
Fundamentals
ONDS:
$1.54
MKA.L:
-$0.04
ONDS:
15.27
MKA.L:
3.72K
ONDS:
$96.60M
MKA.L:
$50.78K
ONDS:
$43.33M
MKA.L:
-$544.15K
ONDS:
-$75.39M
MKA.L:
-$17.87M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ONDS vs. MKA.L — Risk / Return Rank
ONDS
MKA.L
ONDS vs. MKA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ondas Holdings Inc. (ONDS) and Mkango Resources Ltd (MKA.L). 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 | MKA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 8.42 | 3.00 | +5.41 |
| Martin ratioReturn relative to average drawdown | 18.67 | 6.16 | +12.51 |
Loading charts...
Drawdowns
ONDS vs. MKA.L - Drawdown Comparison
The maximum ONDS drawdown since its inception was -98.28%, which is greater than MKA.L's maximum drawdown of -89.22%. Use the drawdown chart below to compare losses from any high point for ONDS and MKA.L.
Loading charts...
Drawdown Indicators
| ONDS | MKA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -89.22% | -9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -53.37% | -51.55% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -83.28% | -66.46% | -16.82% |
Max Drawdown (5Y)Largest decline over 5 years | -96.99% | -89.22% | -7.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.22% | — |
Current DrawdownCurrent decline from peak | -52.15% | -37.46% | -14.69% |
Average DrawdownAverage peak-to-trough decline | -71.41% | -45.43% | -25.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.01% | 25.19% | -1.18% |
Volatility
ONDS vs. MKA.L - Volatility Comparison
Ondas Holdings Inc. (ONDS) has a higher volatility of 44.08% compared to Mkango Resources Ltd (MKA.L) at 22.41%. This indicates that ONDS's price experiences larger fluctuations and is considered to be riskier than MKA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ONDS | MKA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.08% | 22.41% | +21.67% |
Volatility (6M)Calculated over the trailing 6-month period | 78.27% | 48.66% | +29.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.45% | 94.99% | +32.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.81% | 77.90% | +35.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.73% | 96.82% | +23.91% |
Dividends
ONDS vs. MKA.L - Dividend Comparison
Neither ONDS nor MKA.L has paid dividends to shareholders.
Financials
ONDS vs. MKA.L - Financials Comparison
This section allows you to compare key financial metrics between Ondas Holdings Inc. and Mkango Resources Ltd. 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 MKA.L 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.
Find the right allocation for ONDS and MKA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer