GEN vs. ON
GEN (Gen Digital Inc.) and ON (ON Semiconductor Corporation) are both stocks. Both are in the Technology sector — GEN in Software - Infrastructure, ON in Semiconductors. Over the past 10 years, GEN returned 10.43%/yr vs 28.16%/yr for ON. At a 0.35 correlation, their price movements are largely independent.
Performance
GEN vs. ON - Performance Comparison
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Returns By Period
In the year-to-date period, GEN achieves a -9.60% return, which is significantly lower than ON's 115.68% return. Over the past 10 years, GEN has underperformed ON with an annualized return of 10.43%, while ON has yielded a comparatively higher 28.16% annualized return.
GEN
- 1D
- 1.59%
- 1M
- 5.48%
- YTD
- -9.60%
- 6M
- -11.16%
- 1Y
- -16.74%
- 3Y*
- 11.92%
- 5Y*
- -1.14%
- 10Y*
- 10.43%
ON
- 1D
- 0.72%
- 1M
- -1.33%
- YTD
- 115.68%
- 6M
- 112.50%
- 1Y
- 128.91%
- 3Y*
- 8.02%
- 5Y*
- 25.32%
- 10Y*
- 28.16%
GEN vs. ON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GEN Gen Digital Inc. | -9.60% | 1.06% | 22.41% | 9.29% | -15.81% | 27.59% | 44.36% | 37.17% | -31.76% | 18.69% |
ON ON Semiconductor Corporation | 115.68% | -14.12% | -24.52% | 33.93% | -8.17% | 107.52% | 34.25% | 47.67% | -21.16% | 64.11% |
Correlation
The correlation between GEN and ON is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 2, 2000 | 0.35 |
Over the past year, the correlation between GEN and ON has dropped to 0.13 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
GEN:
$14.81B
ON:
$46.03B
GEN:
$1.57
ON:
$1.42
GEN:
15.49
ON:
82.41
GEN:
3.01
ON:
7.80
GEN:
5.67
ON:
6.30
GEN:
$5.00B
ON:
$6.06B
GEN:
$3.92B
ON:
$2.26B
GEN:
$2.46B
ON:
$1.21B
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Return for Risk
GEN vs. ON — Risk / Return Rank
GEN
ON
GEN vs. ON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gen Digital Inc. (GEN) 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.
| GEN | ON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.36 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 4.31 | -4.73 |
| Martin ratioReturn relative to average drawdown | -0.83 | 8.63 | -9.46 |
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Drawdowns
GEN vs. ON - Drawdown Comparison
The maximum GEN drawdown since its inception was -87.75%, smaller than the maximum ON drawdown of -96.34%. Use the drawdown chart below to compare losses from any high point for GEN and ON.
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Drawdown Indicators
| GEN | ON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.75% | -96.34% | +8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -43.59% | -28.10% | -15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -43.59% | -70.44% | +26.85% |
Max Drawdown (5Y)Largest decline over 5 years | -48.41% | -70.44% | +22.03% |
Max Drawdown (10Y)Largest decline over 10 years | -48.41% | -70.44% | +22.03% |
Current DrawdownCurrent decline from peak | -22.90% | -12.80% | -10.10% |
Average DrawdownAverage peak-to-trough decline | -34.28% | -53.91% | +19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.73% | 14.01% | +7.72% |
Volatility
GEN vs. ON - Volatility Comparison
The current volatility for Gen Digital Inc. (GEN) is 12.50%, while ON Semiconductor Corporation (ON) has a volatility of 22.04%. This indicates that GEN 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
| GEN | ON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.50% | 22.04% | -9.54% |
Volatility (6M)Calculated over the trailing 6-month period | 28.74% | 40.05% | -11.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.57% | 54.10% | -20.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.38% | 53.32% | -21.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.26% | 51.10% | -17.84% |
Dividends
GEN vs. ON - Dividend Comparison
GEN's dividend yield for the trailing twelve months is around 2.06%, while ON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEN Gen Digital Inc. | 2.06% | 1.84% | 1.83% | 2.19% | 2.33% | 1.92% | 60.15% | 1.37% | 1.59% | 1.07% | 18.31% | 2.86% |
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
GEN vs. ON - Financials Comparison
This section allows you to compare key financial metrics between Gen Digital 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
GEN vs. ON - Profitability Comparison
GEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gen Digital Inc. reported a gross profit of 1.06B and revenue of 1.28B. Therefore, the gross margin over that period was 82.8%.
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%.
GEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gen Digital Inc. reported an operating income of 792.00M and revenue of 1.28B, resulting in an operating margin of 61.7%.
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%.
GEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gen Digital Inc. reported a net income of 512.00M and revenue of 1.28B, resulting in a net margin of 39.9%.
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
GEN and ON have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ON has higher volatility (22.04%) compared to GEN (12.50%). In terms of maximum drawdown, GEN dropped -87.75% vs ON's -96.34%.
ON currently has the higher Sharpe Ratio (2.24 vs -0.54), 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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