UAVS vs. ONDS

Last updated Jun 23, 2026

UAVS (AgEagle Aerial Systems, Inc.) and ONDS (Ondas Holdings Inc.) are both stocks. UAVS operates in Aerospace & Defense (Industrials), while ONDS operates in Communication Equipment (Technology). Over the past 5 years, UAVS returned -61.63%/yr vs 2.34%/yr for ONDS. At a 0.24 correlation, their price movements are largely independent.

Performance

UAVS vs. ONDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AgEagle Aerial Systems, Inc. (UAVS) and Ondas Holdings Inc. (ONDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UAVS achieves a 10.92% return, which is significantly higher than ONDS's -8.91% return.

UAVS

• 1D: -4.21%
• 1M: -11.50%
• YTD: 10.92%
• 6M: -14.84%
• 1Y: -22.18%
• 3Y*: -42.10%
• 5Y*: -61.63%
• 10Y*: —

ONDS

• 1D: -4.10%
• 1M: -1.88%
• YTD: -8.91%
• 6M: -4.10%
• 1Y: 462.66%
• 3Y*: 106.47%
• 5Y*: 2.34%
• 10Y*: —

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

UAVS vs. ONDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
UAVS AgEagle Aerial Systems, Inc.	10.92%	-76.55%	65.40%	-70.03%	-77.71%	-73.83%	1,233.33%	-20.35%	-42.35%
ONDS Ondas Holdings Inc.	-8.91%	281.25%	67.32%	-3.77%	-76.30%	-28.08%	-48.17%	0.00%	33.33%

Correlation

The correlation between UAVS and ONDS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018	0.24

The correlation between UAVS and ONDS shifts across timeframes, from 0.24 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS UAVS : -$0.81 ONDS : $1.54
PS Ratio UAVS : 1.70 ONDS : 14.55
Total Revenue (TTM) UAVS : $12.64M ONDS : $96.60M
Gross Profit (TTM) UAVS : $6.38M ONDS : $43.33M
EBITDA (TTM) UAVS : $1.38M ONDS : -$75.39M

Return for Risk

UAVS vs. ONDS — Risk / Return Rank

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

UAVS

UAVS Risk / Return Rank: 40
UAVS Sharpe Ratio Rank: 35
UAVS Sortino Ratio Rank: 50
UAVS Omega Ratio Rank: 47
UAVS Calmar Ratio Rank: 32
UAVS Martin Ratio Rank: 35

ONDS

ONDS Risk / Return Rank: 94
ONDS Sharpe Ratio Rank: 97
ONDS Sortino Ratio Rank: 93
ONDS Omega Ratio Rank: 89
ONDS Calmar Ratio Rank: 97
ONDS Martin Ratio Rank: 96

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.

UAVS vs. ONDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AgEagle Aerial Systems, Inc. (UAVS) and Ondas Holdings Inc. (ONDS). 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.

	UAVS	ONDS	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	3.70	-3.87
Sortino ratio: Return per unit of downside risk	0.78	3.49	-2.70
Omega ratio: Gain probability vs. loss probability	1.08	1.39	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.31	8.74	-9.05
Martin ratio: Return relative to average drawdown	-0.42	19.10	-19.52

UAVS vs. ONDS - Sharpe Ratio Comparison

The current UAVS Sharpe Ratio is -0.17, which is lower than the ONDS Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of UAVS and ONDS, 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

UAVS vs. ONDS - Drawdown Comparison

The maximum UAVS drawdown since its inception was -99.97%, roughly equal to the maximum ONDS drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for UAVS and ONDS.

Drawdown Indicators

	UAVS	ONDS	Difference
Max Drawdown Largest peak-to-trough decline	-99.97%	-98.28%	-1.69%
Max Drawdown (1Y) Largest decline over 1 year	-72.69%	-53.37%	-19.32%
Max Drawdown (3Y) Largest decline over 3 years	-98.16%	-83.28%	-14.88%
Max Drawdown (5Y) Largest decline over 5 years	-99.92%	-96.99%	-2.93%
Current Drawdown Current decline from peak	-99.71%	-54.41%	-45.30%
Average Drawdown Average peak-to-trough decline	-87.79%	-71.35%	-16.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.48%	24.39%	+28.09%

Volatility

UAVS vs. ONDS - Volatility Comparison

The current volatility for AgEagle Aerial Systems, Inc. (UAVS) is 22.76%, while Ondas Holdings Inc. (ONDS) has a volatility of 35.16%. This indicates that UAVS experiences smaller price fluctuations and is considered to be less risky than ONDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UAVS	ONDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.76%	35.16%	-12.40%
Volatility (6M) Calculated over the trailing 6-month period	81.87%	76.19%	+5.68%
Volatility (1Y) Calculated over the trailing 1-year period	133.44%	126.37%	+7.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2,116.14%	113.84%	+2,002.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,938.58%	120.57%	+1,818.01%

Dividends

UAVS vs. ONDS - Dividend Comparison

Neither UAVS nor ONDS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both UAVS and ONDS in my portfolio?

UAVS and ONDS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UAVS or ONDS?

ONDS has higher volatility (35.16%) compared to UAVS (22.76%). In terms of maximum drawdown, UAVS dropped -99.97% vs ONDS's -98.28%.

Which has better risk-adjusted returns?

ONDS currently has the higher Sharpe Ratio (3.70 vs -0.17), 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.