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ADDYY vs. ONON
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between ADDYY and ONON is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

ADDYY vs. ONON

Last updated May 31, 2025

Compare and contrast key facts about Adidas AG ADR (ADDYY) and On Holding AG (ONON).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADDYY or ONON.

Performance

ADDYY vs. ONON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adidas AG ADR (ADDYY) and On Holding AG (ONON). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ADDYY:

-0.02

ONON:

0.82

Sortino Ratio

ADDYY:

0.40

ONON:

1.49

Omega Ratio

ADDYY:

1.05

ONON:

1.19

Calmar Ratio

ADDYY:

0.07

ONON:

1.03

Martin Ratio

ADDYY:

0.37

ONON:

2.84

Ulcer Index

ADDYY:

9.22%

ONON:

14.80%

Daily Std Dev

ADDYY:

33.32%

ONON:

48.18%

Max Drawdown

ADDYY:

-76.64%

ONON:

-68.90%

Current Drawdown

ADDYY:

-35.61%

ONON:

-6.65%

Fundamentals

Market Cap

ADDYY:

$44.66B

ONON:

$19.37B

EPS

ADDYY:

$3.24

ONON:

$0.75

PE Ratio

ADDYY:

38.60

ONON:

79.19

PS Ratio

ADDYY:

1.83

ONON:

7.64

PB Ratio

ADDYY:

6.90

ONON:

11.07

Total Revenue (TTM)

ADDYY:

$24.38B

ONON:

$2.54B

Gross Profit (TTM)

ADDYY:

$12.43B

ONON:

$1.54B

Returns By Period

In the year-to-date period, ADDYY achieves a 2.25% return, which is significantly lower than ONON's 8.44% return.

ADDYY

YTD

2.25%

1M

8.79%

6M

5.66%

1Y

-0.67%

3Y*

8.15%

5Y*

-0.60%

10Y*

13.83%

ONON

YTD

8.44%

1M

24.46%

6M

1.82%

1Y

39.61%

3Y*

42.21%

5Y*

N/A

10Y*

N/A

*Annualized

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Adidas AG ADR

On Holding AG

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

ADDYY vs. ONON — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ADDYY
The Risk-Adjusted Performance Rank of ADDYY is 5050
Overall Rank
The Sharpe Ratio Rank of ADDYY is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of ADDYY is 4848
Sortino Ratio Rank
The Omega Ratio Rank of ADDYY is 4646
Omega Ratio Rank
The Calmar Ratio Rank of ADDYY is 5454
Calmar Ratio Rank
The Martin Ratio Rank of ADDYY is 5656
Martin Ratio Rank
ONON
The Risk-Adjusted Performance Rank of ONON is 7878
Overall Rank
The Sharpe Ratio Rank of ONON is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of ONON is 7676
Sortino Ratio Rank
The Omega Ratio Rank of ONON is 7373
Omega Ratio Rank
The Calmar Ratio Rank of ONON is 8383
Calmar Ratio Rank
The Martin Ratio Rank of ONON is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ADDYY vs. ONON - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Adidas AG ADR (ADDYY) and On Holding AG (ONON). 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.

The current ADDYY Sharpe Ratio is -0.02, which is lower than the ONON Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of ADDYY and ONON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

ADDYY vs. ONON - Dividend Comparison

Neither ADDYY nor ONON has paid dividends to shareholders.

TTM20242023202220212020201920182017201620152014
ADDYY
Adidas AG ADR		0.00%0.31%0.38%2.69%1.23%0.00%1.16%1.55%1.08%5.71%1.64%3.02%
ONON
On Holding AG		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ADDYY vs. ONON - Drawdown Comparison

The maximum ADDYY drawdown since its inception was -76.64%, which is greater than ONON's maximum drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for ADDYY and ONON.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

ADDYY vs. ONON - Volatility Comparison

The current volatility for Adidas AG ADR (ADDYY) is 7.01%, while On Holding AG (ONON) has a volatility of 13.59%. This indicates that ADDYY experiences smaller price fluctuations and is considered to be less risky than ONON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

ADDYY vs. ONON - Financials Comparison

This section allows you to compare key financial metrics between Adidas AG ADR and On Holding AG. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.001.00B2.00B3.00B4.00B5.00B6.00B20212022202320242025
6.15B
726.60M
(ADDYY) Total Revenue
(ONON) Total Revenue
Values in USD except per share items

ADDYY vs. ONON - Profitability Comparison

The chart below illustrates the profitability comparison between Adidas AG ADR and On Holding AG over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
40.0%45.0%50.0%55.0%60.0%20212022202320242025
52.1%
59.9%
(ADDYY) Gross Margin
(ONON) Gross Margin
ADDYY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Adidas AG ADR reported a gross profit of 3.21B and revenue of 6.15B. Therefore, the gross margin over that period was 52.1%.

ONON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, On Holding AG reported a gross profit of 435.30M and revenue of 726.60M. Therefore, the gross margin over that period was 59.9%.

ADDYY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Adidas AG ADR reported an operating income of 609.00M and revenue of 6.15B, resulting in an operating margin of 9.9%.

ONON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, On Holding AG reported an operating income of 77.00M and revenue of 726.60M, resulting in an operating margin of 10.6%.

ADDYY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Adidas AG ADR reported a net income of 428.00M and revenue of 6.15B, resulting in a net margin of 7.0%.

ONON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, On Holding AG reported a net income of 56.70M and revenue of 726.60M, resulting in a net margin of 7.8%.