ONDS vs SPY

Comparison between Ondas Holdings Inc (ONDS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed ONDS, delivering a return of +13.9% compared to +4.9%

ONDS vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ONDS(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$4.39B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	98.28%	56.47%
Sharpe Ratio	2.37	1.72
5Y Beta	2.32	1.00
Industry	Communication Equipment	N/A
P/E Ratio	21.45	28.68
Forward P/E	53.48	22.00
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	26.37%
Debt to Equity	0.05%	34.04%
Free Cash Flow Yield	-1.97%	N/A
P/S Ratio	91.47	3.85
P/B Ratio	4.32	5.68

Market Cap / Net Assets

ONDS

$4.39B

Winner

SPY

$735B

Expense Ratio

ONDS

N/A

SPY

0.09%

Max Drawdown

ONDS

98.28%

Winner

SPY

56.47%

Sharpe Ratio

Winner

ONDS

2.37

SPY

1.72

5Y Beta

ONDS

2.32

Winner

SPY

1.00

Industry

ONDS

Communication Equipment

SPY

N/A

P/E Ratio

Winner

ONDS

21.45

SPY

28.68

Forward P/E

ONDS

53.48

Winner

SPY

22.00

5Y Dividends CAGR

ONDS

N/A

SPY

5.43%

5Y EPS CAGR

ONDS

N/A

SPY

26.37%

Debt to Equity

Winner

ONDS

0.05%

SPY

34.04%

Free Cash Flow Yield

ONDS

-1.97%

SPY

N/A

P/S Ratio

ONDS

91.47

Winner

SPY

3.85

P/B Ratio

Winner

ONDS

4.32

SPY

5.68

ONDS vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	ONDS	SPY
1 month	-15.55%	+5.49%
3 months	-8.47%	+8.03%
6 months	+36.30%	+13.34%
1 year	+961.15%	+28.89%
5 years(CAGR)	+4.89%	+13.90%
10 years(CAGR)	N/A	+15.59%
Max(CAGR)	-4.97%	+8.51%

ONDS

-15.55%

Winner

SPY

+5.49%

ONDS

-8.47%

Winner

SPY

+8.03%

Winner

ONDS

+36.30%

SPY

+13.34%

Winner

ONDS

+961.15%

SPY

+28.89%

5Y(CAGR)

ONDS

+4.89%

Winner

SPY

+13.90%

10Y(CAGR)

ONDS

N/A

SPY

+15.59%

Max(CAGR)

ONDS

-4.97%

Winner

SPY

+8.51%

ONDS vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ONDS	SPY
2026	-16.70%	+9.02%
2025	+271.10%	+18.00%
2024	+40.66%	+25.59%
2023	-0.65%	+26.72%
2022	-76.72%	-18.64%
2021	-23.84%	+30.52%
2020	-22.25%	+17.28%
2019	+0.00%	+31.09%
2018	+33.33%	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

ONDS vs SPY Drawdown Comparison

The maximum drawdown for ONDS was -98.28%, occurring on Oct 25, 2023. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current ONDS drawdown is -52.92%. The current SPY drawdown is -0.73%.

Rank	ONDS	SPY
#1	-98.28% Mar 14, 2019 - Oct 25, 2023	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	N/A	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	N/A	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	N/A	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	N/A	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	N/A	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	N/A	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between ONDS and SPY is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.54

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