ONDS vs. SBS
ONDS (Ondas Holdings Inc.) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. ONDS operates in Communication Equipment (Technology), while SBS operates in Utilities - Regulated Water (Utilities). Over the past 5 years, ONDS returned 2.67%/yr vs 32.68%/yr for SBS. At a 0.11 correlation, their price movements are largely independent.
Performance
ONDS vs. SBS - 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 SBS's 15.28% return.
ONDS
- 1D
- -5.09%
- 1M
- 5.30%
- YTD
- -4.41%
- 6M
- 6.63%
- 1Y
- 445.61%
- 3Y*
- 104.56%
- 5Y*
- 2.67%
- 10Y*
- —
SBS
- 1D
- -0.18%
- 1M
- -6.98%
- YTD
- 15.28%
- 6M
- 14.60%
- 1Y
- 38.40%
- 3Y*
- 40.12%
- 5Y*
- 32.68%
- 10Y*
- 16.43%
ONDS vs. SBS - 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% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 15.28% | 80.60% | -4.21% | 46.89% | 48.42% | -13.79% | -40.98% | 91.22% | 9.50% |
Correlation
The correlation between ONDS and SBS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.11 |
The correlation between ONDS and SBS shifts across timeframes, from 0.11 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ONDS:
$1.54
SBS:
R$2.48
ONDS:
6.06
SBS:
11.24
ONDS:
15.27
SBS:
2.48
ONDS:
$96.60M
SBS:
R$38.70B
ONDS:
$43.33M
SBS:
R$13.96B
ONDS:
-$75.39M
SBS:
R$14.87B
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Return for Risk
ONDS vs. SBS — Risk / Return Rank
ONDS
SBS
ONDS vs. SBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ondas Holdings Inc. (ONDS) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). 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 | SBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 8.42 | 1.55 | +6.87 |
| Martin ratioReturn relative to average drawdown | 18.67 | 4.65 | +14.02 |
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Drawdowns
ONDS vs. SBS - Drawdown Comparison
The maximum ONDS drawdown since its inception was -98.28%, which is greater than SBS's maximum drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for ONDS and SBS.
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Drawdown Indicators
| ONDS | SBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -76.49% | -21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -53.37% | -24.88% | -28.49% |
Max Drawdown (3Y)Largest decline over 3 years | -83.28% | -24.88% | -58.40% |
Max Drawdown (5Y)Largest decline over 5 years | -96.99% | -30.35% | -66.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.91% | — |
Current DrawdownCurrent decline from peak | -52.15% | -22.90% | -29.25% |
Average DrawdownAverage peak-to-trough decline | -71.41% | -25.70% | -45.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.01% | 8.28% | +15.73% |
Volatility
ONDS vs. SBS - Volatility Comparison
Ondas Holdings Inc. (ONDS) has a higher volatility of 44.08% compared to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) at 8.92%. This indicates that ONDS's price experiences larger fluctuations and is considered to be riskier than SBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONDS | SBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.08% | 8.92% | +35.16% |
Volatility (6M)Calculated over the trailing 6-month period | 78.27% | 24.61% | +53.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.45% | 33.86% | +93.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.81% | 36.90% | +76.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.73% | 43.51% | +77.22% |
Dividends
ONDS vs. SBS - Dividend Comparison
ONDS has not paid dividends to shareholders, while SBS's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONDS Ondas Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 2.33% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
Financials
ONDS vs. SBS - Financials Comparison
This section allows you to compare key financial metrics between Ondas Holdings Inc. and Companhia de Saneamento Básico do Estado de São Paulo - SABESP. 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 SBS have a correlation of 0.28, 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 SBS (8.92%). In terms of maximum drawdown, ONDS dropped -98.28% vs SBS's -76.49%.
ONDS currently has the higher Sharpe Ratio (3.55 vs 1.14), 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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