ADI vs. ON
ADI (Analog Devices, Inc.) and ON (ON Semiconductor Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, ADI returned 23.95%/yr vs 28.56%/yr for ON. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
ADI vs. ON - Performance Comparison
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Returns By Period
In the year-to-date period, ADI achieves a 49.80% return, which is significantly lower than ON's 123.27% return. Over the past 10 years, ADI has underperformed ON with an annualized return of 23.95%, while ON has yielded a comparatively higher 28.56% annualized return.
ADI
- 1D
- 0.62%
- 1M
- -2.77%
- YTD
- 49.80%
- 6M
- 45.55%
- 1Y
- 84.16%
- 3Y*
- 32.45%
- 5Y*
- 21.45%
- 10Y*
- 23.95%
ON
- 1D
- 3.10%
- 1M
- 17.15%
- YTD
- 123.27%
- 6M
- 114.44%
- 1Y
- 140.98%
- 3Y*
- 10.74%
- 5Y*
- 26.56%
- 10Y*
- 28.56%
ADI vs. ON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 49.80% | 29.75% | 8.82% | 23.36% | -4.91% | 20.96% | 26.87% | 41.31% | -1.64% | 25.30% |
ON ON Semiconductor Corporation | 123.27% | -14.12% | -24.52% | 33.93% | -8.17% | 107.52% | 34.25% | 47.67% | -21.16% | 64.11% |
Correlation
The correlation between ADI and ON is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 2, 2000 | 0.60 |
The correlation between ADI and ON shifts across timeframes, from 0.60 (all time) to 0.79 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ADI:
$198.09B
ON:
$47.65B
ADI:
$6.72
ON:
$1.42
ADI:
60.10
ON:
85.31
ADI:
15.63
ON:
8.07
ADI:
5.87
ON:
6.53
ADI:
$12.74B
ON:
$6.06B
ADI:
$8.22B
ON:
$2.26B
ADI:
$6.19B
ON:
$1.21B
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Return for Risk
ADI vs. ON — Risk / Return Rank
ADI
ON
ADI vs. ON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Analog Devices, Inc. (ADI) and ON Semiconductor Corporation (ON). 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.
| ADI | ON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 5.05 | +0.33 |
| Martin ratioReturn relative to average drawdown | 15.01 | 10.18 | +4.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADI | ON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 2.64 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.50 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.56 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.11 | +0.23 |
Drawdowns
ADI vs. ON - Drawdown Comparison
The maximum ADI drawdown since its inception was -82.88%, smaller than the maximum ON drawdown of -96.22%. Use the drawdown chart below to compare losses from any high point for ADI and ON.
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Drawdown Indicators
| ADI | ON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -96.22% | +13.34% |
Max Drawdown (1Y)Largest decline over 1 year | -15.73% | -28.10% | +12.37% |
Max Drawdown (3Y)Largest decline over 3 years | -32.20% | -70.44% | +38.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | -70.44% | +38.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.62% | -70.44% | +36.82% |
Current DrawdownCurrent decline from peak | -7.72% | -9.73% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -33.92% | -53.21% | +19.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 13.90% | -8.27% |
Volatility
ADI vs. ON - Volatility Comparison
The current volatility for Analog Devices, Inc. (ADI) is 14.14%, while ON Semiconductor Corporation (ON) has a volatility of 23.24%. This indicates that ADI experiences smaller price fluctuations and is considered to be less risky than ON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADI | ON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 23.24% | -9.10% |
Volatility (6M)Calculated over the trailing 6-month period | 24.77% | 39.22% | -14.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.70% | 53.86% | -22.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.04% | 53.20% | -20.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.75% | 51.05% | -18.30% |
Dividends
ADI vs. ON - Dividend Comparison
ADI's dividend yield for the trailing twelve months is around 1.03%, while ON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 1.03% | 1.46% | 1.73% | 1.73% | 1.85% | 1.57% | 1.68% | 1.82% | 2.24% | 2.02% | 2.31% | 2.89% |
ON ON Semiconductor Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ADI vs. ON - Financials Comparison
This section allows you to compare key financial metrics between Analog Devices, Inc. and ON Semiconductor Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ADI vs. ON - Profitability Comparison
ADI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported a gross profit of 2.44B and revenue of 3.62B. Therefore, the gross margin over that period was 67.3%.
ON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ON Semiconductor Corporation reported a gross profit of 583.10M and revenue of 1.51B. Therefore, the gross margin over that period was 38.5%.
ADI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported an operating income of 1.38B and revenue of 3.62B, resulting in an operating margin of 38.1%.
ON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ON Semiconductor Corporation reported an operating income of -53.40M and revenue of 1.51B, resulting in an operating margin of -3.5%.
ADI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported a net income of 1.18B and revenue of 3.62B, resulting in a net margin of 32.5%.
ON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ON Semiconductor Corporation reported a net income of -33.40M and revenue of 1.51B, resulting in a net margin of -2.2%.
Frequently Asked Questions
ADI and ON have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ON has higher volatility (23.24%) compared to ADI (14.14%). In terms of maximum drawdown, ADI dropped -82.88% vs ON's -96.22%.
ADI currently has the higher Sharpe Ratio (2.67 vs 2.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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