ONDS vs RR: Correlation
Measured on weekly returns over the past three years, Ondas Inc (ONDS) and Richtech Robotics Inc. (RR) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONDS and RR?
Over the past 3 years, ONDS and RR moved with a correlation of 0.37, which is moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.37). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7692.0 %².
By 3-year correlation, RR places #5 of the 10 assets tracked against ONDS. Correlation aside, the last 12 months split them widely, with ONDS ahead by 113.7 points (+72.6% versus -41.1%).
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.
ONDS vs RR: side by side
| ONDS (Ondas Inc) | RR (Richtech Robotics Inc.) | |
|---|---|---|
| 1-year return | +72.6% | -41.1% |
| 5-year return | +23.8% | n/a |
| Volatility (ann.) | 135.8% | 155.1% |
| Beta vs S&P 500 | 2.31 | 2.22 |
| Max drawdown (3Y) | -75.8% | -96.7% |
| Market cap | $5.0B | $0.4B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONDS | RR |
|---|---|---|
| 2022 | -76.3% | – |
| 2023 | -3.8% | – |
| 2024 | +67.3% | -54.6% |
| 2025 | +281.3% | +19.6% |
| 2026 | -10.3% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONDS and RR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ONDS and RR?
As of 2026-08-27, the correlation of weekly returns between ONDS and RR is 0.37 over 3 years, 0.55 over 1 year and n/a over 5 years.
Is RR a good diversifier for ONDS?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/onds-vs-rr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/onds-vs-rr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ONDS correlations · RR correlations
