AVGO vs. ON
AVGO (Broadcom Inc.) and ON (ON Semiconductor Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, AVGO returned 41.32%/yr vs 28.56%/yr for ON. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
AVGO vs. ON - Performance Comparison
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Returns By Period
In the year-to-date period, AVGO achieves a 14.83% return, which is significantly lower than ON's 123.27% return. Over the past 10 years, AVGO has outperformed ON with an annualized return of 41.32%, while ON has yielded a comparatively lower 28.56% annualized return.
AVGO
- 1D
- 2.82%
- 1M
- -7.77%
- YTD
- 14.83%
- 6M
- -0.72%
- 1Y
- 61.91%
- 3Y*
- 72.46%
- 5Y*
- 56.70%
- 10Y*
- 41.32%
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%
AVGO vs. ON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 14.83% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
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 AVGO and ON is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.58 |
Over the past year, the correlation between AVGO and ON has dropped to 0.27 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
Fundamentals
AVGO:
$1.93T
ON:
$47.65B
AVGO:
$6.01
ON:
$1.42
AVGO:
65.99
ON:
85.31
AVGO:
25.64
ON:
8.07
AVGO:
22.05
ON:
6.53
AVGO:
$75.47B
ON:
$6.06B
AVGO:
$50.53B
ON:
$2.26B
AVGO:
$41.76B
ON:
$1.21B
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Return for Risk
AVGO vs. ON — Risk / Return Rank
AVGO
ON
AVGO vs. ON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) 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.
| AVGO | ON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 5.05 | -2.88 |
| Martin ratioReturn relative to average drawdown | 5.16 | 10.18 | -5.02 |
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
| AVGO | ON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.64 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.32 | 0.50 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.56 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.11 | +0.98 |
Drawdowns
AVGO vs. ON - Drawdown Comparison
The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum ON drawdown of -96.22%. Use the drawdown chart below to compare losses from any high point for AVGO and ON.
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Drawdown Indicators
| AVGO | ON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.30% | -96.22% | +47.92% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -28.10% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -41.15% | -70.44% | +29.29% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | -70.44% | +29.29% |
Max Drawdown (10Y)Largest decline over 10 years | -48.30% | -70.44% | +22.14% |
Current DrawdownCurrent decline from peak | -17.64% | -9.73% | -7.91% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -53.21% | +45.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.03% | 13.90% | -1.87% |
Volatility
AVGO vs. ON - Volatility Comparison
The current volatility for Broadcom Inc. (AVGO) is 20.09%, while ON Semiconductor Corporation (ON) has a volatility of 23.24%. This indicates that AVGO 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
| AVGO | ON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.09% | 23.24% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 34.69% | 39.22% | -4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.31% | 53.86% | -8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.31% | 53.20% | -9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.48% | 51.05% | -11.57% |
Dividends
AVGO vs. ON - Dividend Comparison
AVGO's dividend yield for the trailing twelve months is around 0.63%, while ON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.63% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
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
AVGO vs. ON - Financials Comparison
This section allows you to compare key financial metrics between Broadcom 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
AVGO vs. ON - Profitability Comparison
AVGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a gross profit of 14.92B and revenue of 22.19B. Therefore, the gross margin over that period was 67.2%.
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%.
AVGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported an operating income of 10.87B and revenue of 22.19B, resulting in an operating margin of 49.0%.
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%.
AVGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a net income of 9.31B and revenue of 22.19B, resulting in a net margin of 42.0%.
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
AVGO and ON have a correlation of 0.27, 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 AVGO (20.09%). In terms of maximum drawdown, AVGO dropped -48.30% vs ON's -96.22%.
ON currently has the higher Sharpe Ratio (2.64 vs 1.38), 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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