LAES vs ONDS: Correlation
Measured on weekly returns over the past three years, SEALSQ Corp (LAES) and Ondas Inc (ONDS) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and ONDS?
On 3 years of weekly data the LAES/ONDS correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.45 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 15945.3 %².
Among the 26 assets we track against LAES, ONDS ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ONDS ahead by 77.0 points (-4.4% versus +72.6%). One caveat on sizing: LAES is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LAES vs ONDS: side by side
| LAES (SEALSQ Corp) | ONDS (Ondas Inc) | |
|---|---|---|
| 1-year return | -4.4% | +72.6% |
| 5-year return | n/a | +23.8% |
| Volatility (ann.) | 261.5% | 135.8% |
| Beta vs S&P 500 | 1.57 | 2.31 |
| Max drawdown (3Y) | -94.5% | -75.8% |
| Market cap | $0.6B | $5.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAES | ONDS |
|---|---|---|
| 2022 | – | -76.3% |
| 2023 | – | -3.8% |
| 2024 | +380.5% | +67.3% |
| 2025 | -38.5% | +281.3% |
| 2026 | -31.0% | -10.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and ONDS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LAES and ONDS?
As of 2026-08-27, the correlation of weekly returns between LAES and ONDS is 0.45 over 3 years, 0.20 over 1 year and n/a over 5 years.
Is ONDS a good diversifier for LAES?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/laes-vs-onds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/laes-vs-onds/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAES correlations · ONDS correlations
