ONT vs. GTES
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. Over the past 5 years, ONT returned -21.19%/yr vs 10.12%/yr for GTES. At a 0.34 correlation, their price movements are largely independent.
Performance
ONT vs. GTES - Performance Comparison
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Returns By Period
In the year-to-date period, ONT achieves a -34.31% return, which is significantly lower than GTES's 32.74% return.
ONT
- 1D
- -5.12%
- 1M
- -1.92%
- YTD
- -34.31%
- 6M
- -37.41%
- 1Y
- -25.11%
- 3Y*
- -25.87%
- 5Y*
- -21.19%
- 10Y*
- —
GTES
- 1D
- 1.46%
- 1M
- 16.42%
- YTD
- 32.74%
- 6M
- 29.43%
- 1Y
- 29.60%
- 3Y*
- 30.44%
- 5Y*
- 10.12%
- 10Y*
- —
ONT vs. GTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ONT Onterris, Inc. | -34.31% | 33.85% | -42.27% | -27.62% | -37.04% | 127.75% | 87.64% |
GTES Gates Industrial Corporation plc | 32.74% | 4.38% | 53.28% | 17.62% | -28.28% | 24.69% | 17.06% |
Correlation
The correlation between ONT and GTES is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020 | 0.34 |
Fundamentals
ONT:
$0.15
GTES:
$1.29
ONT:
108.17
GTES:
22.15
ONT:
0.77
GTES:
1.60
ONT:
$821.22M
GTES:
$3.45B
ONT:
$307.44M
GTES:
$1.38B
ONT:
$85.56M
GTES:
$645.40M
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Return for Risk
ONT vs. GTES — Risk / Return Rank
ONT
GTES
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 ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.17 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 1.19 | -1.66 |
| Martin ratioReturn relative to average drawdown | -1.05 | 2.81 | -3.86 |
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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 -70.06%. Use the drawdown chart below to compare losses from any high point for ONT and GTES.
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Drawdown Indicators
| ONT | GTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.27% | -70.06% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -53.32% | -24.99% | -28.33% |
Max Drawdown (3Y)Largest decline over 3 years | -78.44% | -33.82% | -44.62% |
Max Drawdown (5Y)Largest decline over 5 years | -86.27% | -47.91% | -38.36% |
Current DrawdownCurrent decline from peak | -79.15% | 0.00% | -79.15% |
Average DrawdownAverage peak-to-trough decline | -46.19% | -26.68% | -19.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.06% | 10.55% | +13.51% |
Volatility
ONT vs. GTES - Volatility Comparison
Onterris, Inc. (ONT) has a higher volatility of 14.42% compared to Gates Industrial Corporation plc (GTES) at 9.74%. This indicates that ONT's price experiences larger fluctuations and is considered to be riskier than GTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONT | GTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.42% | 9.74% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 47.56% | 29.97% | +17.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.08% | 37.66% | +20.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.12% | 34.58% | +28.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.28% | 40.39% | +24.89% |
Dividends
ONT vs. GTES - Dividend Comparison
Neither ONT nor GTES has paid dividends to shareholders.
Financials
ONT vs. GTES - Financials Comparison
This section allows you to compare key financial metrics between Onterris, Inc. and Gates Industrial Corporation plc. 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
ONT vs. GTES - Profitability Comparison
ONT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 Jun 2026, Gates Industrial Corporation plc reported a gross profit of 338.00M and revenue of 851.10M. Therefore, the gross margin over that period was 39.7%.
ONT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 Jun 2026, Gates Industrial Corporation plc reported an operating income of 109.90M and revenue of 851.10M, resulting in an operating margin of 12.9%.
ONT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 Jun 2026, Gates Industrial Corporation plc reported a net income of 59.70M and revenue of 851.10M, resulting in a net margin of 7.0%.
Frequently Asked Questions
ONT and GTES have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONT has higher volatility (14.42%) compared to GTES (9.74%). In terms of maximum drawdown, ONT dropped -86.27% vs GTES's -70.06%.
GTES currently has the higher Sharpe Ratio (0.79 vs -0.43), 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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