AMPG vs ONDS: Correlation
Measured on weekly returns over the past three years, Amplitech Group, Inc. (AMPG) and Ondas Inc (ONDS) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPG and ONDS?
Over the past 3 years, AMPG and ONDS moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.41 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 10001.6 %².
Among the 15 assets we track against AMPG, ONDS ranks #9 by 3-year correlation. The last year tells two different stories: ONDS led by 50.4 percentage points, +22.2% for AMPG against +72.6% for ONDS.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMPG vs ONDS: side by side
| AMPG (Amplitech Group, Inc.) | ONDS (Ondas Inc) | |
|---|---|---|
| 1-year return | +22.2% | +72.6% |
| 5-year return | -0.5% | +23.8% |
| Volatility (ann.) | 178.6% | 135.8% |
| Beta vs S&P 500 | 1.10 | 2.31 |
| Max drawdown (3Y) | -78.6% | -75.8% |
| Market cap | $0.1B | $5.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPG | ONDS |
|---|---|---|
| 2022 | -46.2% | -76.3% |
| 2023 | -11.3% | -3.8% |
| 2024 | +173.4% | +67.3% |
| 2025 | -41.8% | +281.3% |
| 2026 | +25.1% | -10.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPG and ONDS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMPG and ONDS?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.03 over the last year and 0.39 over 5 years.
Is ONDS a good diversifier for AMPG?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ampg-vs-onds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ampg-vs-onds/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMPG correlations · ONDS correlations
