ONT vs. GTES

Last updated Aug 1, 2026

ONT (Onterris, Inc.) and GTES (Gates Industrial Corporation plc) are both stocks. Both are in the Industrials sector — ONT in Waste Management, GTES in Specialty Industrial Machinery. Their 0.49 correlation means their historical movements had little consistent relationship.

Performance

ONT vs. GTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Onterris, Inc. (ONT) and Gates Industrial Corporation plc (GTES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONT

• 1D: 3.81%
• 1M: 0.33%
• 6M: -5.79%
• YTD: -15.47%
• 1Y: 2.04%
• 3Y*: -17.83%
• 5Y*: -17.12%
• 10Y*: —
• ALL TIME*: 4.08%

GTES

• 1D: 8.53%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTES Gates Industrial Corporation plc	$61.14M	$61.14M	$61.14M
ONT Onterris, Inc.	$9.20M	$9.60M	$12.12M

ONT vs. GTES - Yearly Performance Comparison

	2026 (YTD)
ONT Onterris, Inc.	0.29%
GTES Gates Industrial Corporation plc	1.34%

Correlation

The correlation between ONT and GTES is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 20, 2026	0.49

Fundamentals

Market Cap ONT : $758.56M GTES : $7.11B
EPS ONT : $0.16 GTES : $1.89
PE Ratio ONT : 133.42 GTES : 14.83
PS Ratio ONT : 0.95 GTES : 1.54
Total Revenue (TTM) ONT : $821.22M GTES : $3.50B
Gross Profit (TTM) ONT : $307.44M GTES : $1.41B
EBITDA (TTM) ONT : $85.56M GTES : $578.80M

Return for Risk

ONT vs. GTES — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ONT

ONT Risk / Return Rank: 39
ONT Sharpe Ratio Rank: 39
ONT Sortino Ratio Rank: 39
ONT Omega Ratio Rank: 39
ONT Calmar Ratio Rank: 39
ONT Martin Ratio Rank: 39

GTES

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ONT vs. GTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Onterris, Inc. (ONT) and Gates Industrial Corporation plc (GTES). 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.

	ONT	GTES	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	—	—
Sortino ratio: Return per unit of downside risk	0.25	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	-0.14	—	—
Martin ratio: Return relative to average drawdown	-0.28	—	—

Drawdowns

ONT vs. GTES - Drawdown Comparison

The maximum ONT drawdown since its inception was -86.27%, which is greater than GTES's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for ONT and GTES.

Drawdown Indicators

	ONT	GTES	Difference
Max Drawdown Largest peak-to-trough decline	-86.27%	-9.74%	-76.53%
Max Drawdown (1Y) Largest decline over 1 year	-53.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-78.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-86.27%	—	—
Current Drawdown Current decline from peak	-73.16%	0.00%	-73.16%
Average Drawdown Average peak-to-trough decline	-46.71%	-3.89%	-42.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.73%	—	—

Volatility

Volatility by Period

	ONT	GTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.26%	74.41%	-14.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.41%	74.41%	-11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.21%	74.41%	-9.20%

Dividends

ONT vs. GTES - Dividend Comparison

Neither ONT nor GTES has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

ONT vs. GTES - Profitability Comparison

The chart below illustrates the profitability comparison between Onterris, Inc. and Gates Industrial Corporation plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ONT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Onterris, Inc. reported a gross profit of 54.42M and revenue of 168.52M. Therefore, the gross margin over that period was 32.3%.

GTES - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Gates Industrial Corporation plc reported a gross profit of 383.60M and revenue of 941.60M. Therefore, the gross margin over that period was 40.7%.

ONT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Onterris, Inc. reported an operating income of -6.90M and revenue of 168.52M, resulting in an operating margin of -4.1%.

GTES - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Gates Industrial Corporation plc reported an operating income of 131.60M and revenue of 941.60M, resulting in an operating margin of 14.0%.

ONT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Onterris, Inc. reported a net income of -12.69M and revenue of 168.52M, resulting in a net margin of -7.5%.

GTES - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Gates Industrial Corporation plc reported a net income of 170.90M and revenue of 941.60M, resulting in a net margin of 18.2%.

Frequently Asked Questions

Can I hold both ONT and GTES in my portfolio?

ONT and GTES have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.