OSPN vs. STRL

Last updated Jul 11, 2026

OSPN (OneSpan Inc.) and STRL (Sterling Infrastructure, Inc.) are both stocks. OSPN operates in Software - Infrastructure (Technology), while STRL operates in Engineering & Construction (Industrials). Over the past 10 years, OSPN returned -0.30%/yr vs 62.03%/yr for STRL. At a 0.24 correlation, their price movements are largely independent.

Performance

OSPN vs. STRL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneSpan Inc. (OSPN) and Sterling Infrastructure, Inc. (STRL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSPN achieves a 20.90% return, which is significantly lower than STRL's 122.80% return. Over the past 10 years, OSPN has underperformed STRL with an annualized return of -0.30%, while STRL has yielded a comparatively higher 62.03% annualized return.

OSPN

• 1D: -0.26%
• 1M: 6.01%
• 6M: 18.50%
• YTD: 20.90%
• 1Y: 0.26%
• 3Y*: 4.02%
• 5Y*: -8.90%
• 10Y*: -0.30%

STRL

• 1D: -3.52%
• 1M: -20.57%
• 6M: 121.43%
• YTD: 122.80%
• 1Y: 182.22%
• 3Y*: 126.77%
• 5Y*: 97.54%
• 10Y*: 62.03%

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

OSPN vs. STRL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OSPN OneSpan Inc.	20.90%	-28.50%	72.95%	-4.20%	-33.90%	-18.13%	20.79%	32.20%	-6.83%	1.83%
STRL Sterling Infrastructure, Inc.	122.80%	81.79%	91.57%	168.08%	24.71%	41.32%	32.17%	29.29%	-33.11%	92.43%

Correlation

The correlation between OSPN and STRL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001	0.24

The correlation between OSPN and STRL shifts across timeframes, from 0.11 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap OSPN : $562.40M STRL : $20.94B
EPS OSPN : $1.82 STRL : $11.16
PE Ratio OSPN : 8.33 STRL : 61.12
PEG Ratio OSPN : 0.05 STRL : 1.30
PS Ratio OSPN : 2.37 STRL : 7.34
PB Ratio OSPN : 2.12 STRL : 17.80
Total Revenue (TTM) OSPN : $245.76M STRL : $2.88B
Gross Profit (TTM) OSPN : $173.33M STRL : $664.66M
EBITDA (TTM) OSPN : $55.58M STRL : $429.99M

Return for Risk

OSPN vs. STRL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OSPN

OSPN Risk / Return Rank: 36
OSPN Sharpe Ratio Rank: 36
OSPN Sortino Ratio Rank: 35
OSPN Omega Ratio Rank: 35
OSPN Calmar Ratio Rank: 36
OSPN Martin Ratio Rank: 36

STRL

STRL Risk / Return Rank: 93
STRL Sharpe Ratio Rank: 93
STRL Sortino Ratio Rank: 91
STRL Omega Ratio Rank: 91
STRL Calmar Ratio Rank: 95
STRL Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OSPN vs. STRL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneSpan Inc. (OSPN) and Sterling Infrastructure, Inc. (STRL). 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.

	OSPN	STRL	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	2.25	-2.46
Sortino ratio: Return per unit of downside risk	0.03	3.00	-2.97
Omega ratio: Gain probability vs. loss probability	1.01	1.39	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.27	5.67	-5.94
Martin ratio: Return relative to average drawdown	-0.47	14.99	-15.46

OSPN vs. STRL - Sharpe Ratio Comparison

The current OSPN Sharpe Ratio is -0.21, which is lower than the STRL Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of OSPN and STRL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OSPN vs. STRL - Drawdown Comparison

The maximum OSPN drawdown since its inception was -95.31%, roughly equal to the maximum STRL drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for OSPN and STRL.

Drawdown Indicators

	OSPN	STRL	Difference
Max Drawdown Largest peak-to-trough decline	-95.31%	-92.51%	-2.80%
Max Drawdown (1Y) Largest decline over 1 year	-36.43%	-33.51%	-2.92%
Max Drawdown (3Y) Largest decline over 3 years	-47.88%	-47.67%	-0.21%
Max Drawdown (5Y) Largest decline over 5 years	-69.47%	-47.67%	-21.80%
Max Drawdown (10Y) Largest decline over 10 years	-76.61%	-59.60%	-17.01%
Current Drawdown Current decline from peak	-62.68%	-31.34%	-31.34%
Average Drawdown Average peak-to-trough decline	-62.11%	-46.22%	-15.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.60%	12.65%	+12.95%

Volatility

OSPN vs. STRL - Volatility Comparison

The current volatility for OneSpan Inc. (OSPN) is 9.65%, while Sterling Infrastructure, Inc. (STRL) has a volatility of 25.33%. This indicates that OSPN experiences smaller price fluctuations and is considered to be less risky than STRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSPN	STRL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.65%	25.33%	-15.68%
Volatility (6M) Calculated over the trailing 6-month period	27.37%	66.80%	-39.43%
Volatility (1Y) Calculated over the trailing 1-year period	46.52%	84.62%	-38.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.87%	57.64%	-7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.34%	53.94%	-3.60%

Dividends

OSPN vs. STRL - Dividend Comparison

OSPN's dividend yield for the trailing twelve months is around 3.30%, while STRL has not paid dividends to shareholders.

Position	TTM	2025
OSPN OneSpan Inc.	3.30%	3.74%
STRL Sterling Infrastructure, Inc.	0.00%	0.00%

Financials

OSPN vs. STRL - Profitability Comparison

The chart below illustrates the profitability comparison between OneSpan Inc. and Sterling Infrastructure, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OSPN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, OneSpan Inc. reported a gross profit of 48.51M and revenue of 65.95M. Therefore, the gross margin over that period was 73.6%.

STRL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Sterling Infrastructure, Inc. reported a gross profit of 194.30M and revenue of 825.68M. Therefore, the gross margin over that period was 23.5%.

OSPN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, OneSpan Inc. reported an operating income of 14.82M and revenue of 65.95M, resulting in an operating margin of 22.5%.

STRL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Sterling Infrastructure, Inc. reported an operating income of 2.36M and revenue of 825.68M, resulting in an operating margin of 0.3%.

OSPN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, OneSpan Inc. reported a net income of 11.57M and revenue of 65.95M, resulting in a net margin of 17.5%.

STRL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Sterling Infrastructure, Inc. reported a net income of 95.97M and revenue of 825.68M, resulting in a net margin of 11.6%.

Frequently Asked Questions

Can I hold both OSPN and STRL in my portfolio?

OSPN and STRL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSPN or STRL?

STRL has higher volatility (25.33%) compared to OSPN (9.65%). In terms of maximum drawdown, OSPN dropped -95.31% vs STRL's -92.51%.

Which has better risk-adjusted returns?

STRL currently has the higher Sharpe Ratio (2.25 vs -0.21), 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.