DLB vs. ON
DLB (Dolby Laboratories, Inc.) and ON (ON Semiconductor Corporation) are both stocks. Both are in the Technology sector — DLB in Information Technology Services, ON in Semiconductors. Over the past 10 years, DLB returned 3.25%/yr vs 23.72%/yr for ON. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
DLB vs. ON - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DLB achieves a -7.35% return, which is significantly lower than ON's 50.71% return. Over the past 10 years, DLB has underperformed ON with an annualized return of 3.25%, while ON has yielded a comparatively higher 23.72% annualized return.
DLB
- 1D
- 13.58%
- 1M
- 14.98%
- 6M
- -7.30%
- YTD
- -7.35%
- 1Y
- -14.25%
- 3Y*
- -11.32%
- 5Y*
- -8.13%
- 10Y*
- 3.25%
- ALL TIME*
- 5.82%
ON
- 1D
- -2.54%
- 1M
- -10.53%
- 6M
- 36.27%
- YTD
- 50.71%
- 1Y
- 43.63%
- 3Y*
- -8.94%
- 5Y*
- 15.88%
- 10Y*
- 23.72%
- ALL TIME*
- 4.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $52.16M | $49.74M | $49.49M | |
| $734.43M | $864.80M | $1.33B |
DLB vs. ON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLB Dolby Laboratories, Inc. | -7.35% | -16.27% | -7.95% | 23.82% | -24.90% | -0.99% | 42.99% | 12.63% | 0.78% | 38.73% |
ON ON Semiconductor Corporation | 50.71% | -14.12% | -24.52% | 33.93% | -8.17% | 107.52% | 34.25% | 47.67% | -21.16% | 64.11% |
Correlation
The correlation between DLB and ON is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2005 | 0.42 |
Over the past year, the correlation between DLB and ON has dropped to 0.20 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
Fundamentals
DLB:
$5.59B
ON:
$31.76B
DLB:
$2.67
ON:
$1.43
DLB:
22.02
ON:
57.11
DLB:
4.16
ON:
5.40
DLB:
2.15
ON:
4.40
DLB:
$1.35B
ON:
$6.06B
DLB:
$1.19B
ON:
$2.26B
DLB:
$343.77M
ON:
$1.21B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DLB vs. ON — Risk / Return Rank
DLB
ON
DLB vs. ON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dolby Laboratories, Inc. (DLB) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DLB | ON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.18 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.09 | -1.68 |
| Martin ratioReturn relative to average drawdown | -1.13 | 3.12 | -4.25 |
Loading charts...
Drawdowns
DLB vs. ON - Drawdown Comparison
The maximum DLB drawdown since its inception was -62.19%, smaller than the maximum ON drawdown of -96.34%. Use the drawdown chart below to compare losses from any high point for DLB and ON.
Loading charts...
Drawdown Indicators
| DLB | ON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.19% | -96.34% | +34.15% |
Max Drawdown (1Y)Largest decline over 1 year | -34.75% | -41.12% | +6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -43.20% | -69.16% | +25.96% |
Max Drawdown (5Y)Largest decline over 5 years | -48.66% | -70.44% | +21.78% |
Max Drawdown (10Y)Largest decline over 10 years | -49.24% | -70.44% | +21.20% |
Current DrawdownCurrent decline from peak | -38.46% | -39.07% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -22.52% | -53.78% | +31.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.03% | 14.40% | +3.63% |
Volatility
DLB vs. ON - Volatility Comparison
The current volatility for Dolby Laboratories, Inc. (DLB) is 15.09%, while ON Semiconductor Corporation (ON) has a volatility of 17.99%. This indicates that DLB 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.
Loading charts...
Volatility by Period
| DLB | ON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.09% | 17.99% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 25.35% | 54.11% | -28.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.68% | 63.32% | -33.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.97% | 55.46% | -29.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 52.10% | -25.07% |
Dividends
DLB vs. ON - Dividend Comparison
DLB's dividend yield for the trailing twelve months is around 2.40%, while ON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLB Dolby Laboratories, Inc. | 2.40% | 2.10% | 1.57% | 1.29% | 1.45% | 0.96% | 0.91% | 1.15% | 1.08% | 0.94% | 1.11% | 1.25% |
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
DLB vs. ON - Financials Comparison
This section allows you to compare key financial metrics between Dolby Laboratories, 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
DLB vs. ON - Profitability Comparison
DLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Dolby Laboratories, Inc. reported a gross profit of 264.68M and revenue of 305.00M. Therefore, the gross margin over that period was 86.8%.
ON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
DLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Dolby Laboratories, Inc. reported an operating income of 34.32M and revenue of 305.00M, resulting in an operating margin of 11.3%.
ON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, ON Semiconductor Corporation reported an operating income of -53.40M and revenue of 1.51B, resulting in an operating margin of -3.5%.
DLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Dolby Laboratories, Inc. reported a net income of 58.39M and revenue of 305.00M, resulting in a net margin of 19.1%.
ON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
DLB and ON have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ON has higher volatility (17.99%) compared to DLB (15.09%). In terms of maximum drawdown, DLB dropped -62.19% vs ON's -96.34%.
ON currently has the higher Sharpe Ratio (0.71 vs -0.68), 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.
Find the right allocation for DLB and ON
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer