GFS vs. ON
GFS (GLOBALFOUNDRIES Inc.) and ON (ON Semiconductor Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 3 years, GFS returned 8.97%/yr vs 8.02%/yr for ON. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
GFS vs. ON - Performance Comparison
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Returns By Period
In the year-to-date period, GFS achieves a 133.05% return, which is significantly higher than ON's 115.68% return.
GFS
- 1D
- 0.79%
- 1M
- 14.57%
- YTD
- 133.05%
- 6M
- 110.12%
- 1Y
- 121.62%
- 3Y*
- 8.97%
- 5Y*
- —
- 10Y*
- —
ON
- 1D
- 0.72%
- 1M
- 3.25%
- YTD
- 115.68%
- 6M
- 112.50%
- 1Y
- 128.91%
- 3Y*
- 8.02%
- 5Y*
- 25.32%
- 10Y*
- 28.16%
GFS vs. ON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GFS GLOBALFOUNDRIES Inc. | 133.05% | -18.62% | -29.19% | 12.45% | -17.05% | 38.23% |
ON ON Semiconductor Corporation | 115.68% | -14.12% | -24.52% | 33.93% | -8.17% | 52.46% |
Correlation
The correlation between GFS and ON is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.69 |
The correlation between GFS and ON has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
Fundamentals
GFS:
$45.65B
ON:
$46.03B
GFS:
$1.39
ON:
$1.42
GFS:
58.52
ON:
82.41
GFS:
6.66
ON:
7.80
GFS:
3.90
ON:
6.30
GFS:
$6.84B
ON:
$6.06B
GFS:
$1.81B
ON:
$2.26B
GFS:
$2.16B
ON:
$1.21B
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Return for Risk
GFS vs. ON — Risk / Return Rank
GFS
ON
GFS vs. ON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GLOBALFOUNDRIES Inc. (GFS) 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.
| GFS | ON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | 4.31 | +0.48 |
| Martin ratioReturn relative to average drawdown | 9.21 | 8.63 | +0.58 |
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Drawdowns
GFS vs. ON - Drawdown Comparison
The maximum GFS drawdown since its inception was -61.53%, smaller than the maximum ON drawdown of -96.34%. Use the drawdown chart below to compare losses from any high point for GFS and ON.
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Drawdown Indicators
| GFS | ON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.53% | -96.34% | +34.81% |
Max Drawdown (1Y)Largest decline over 1 year | -24.10% | -28.10% | +4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -55.40% | -70.44% | +15.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -70.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.44% | — |
Current DrawdownCurrent decline from peak | -9.54% | -12.80% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -53.91% | +19.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.50% | 14.01% | -1.51% |
Volatility
GFS vs. ON - Volatility Comparison
GLOBALFOUNDRIES Inc. (GFS) has a higher volatility of 26.45% compared to ON Semiconductor Corporation (ON) at 22.04%. This indicates that GFS's price experiences larger fluctuations and is considered to be riskier 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
| GFS | ON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.45% | 22.04% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 45.29% | 40.05% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.03% | 54.10% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.19% | 53.32% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.19% | 51.10% | +0.09% |
Dividends
GFS vs. ON - Dividend Comparison
Neither GFS nor ON has paid dividends to shareholders.
Financials
GFS vs. ON - Financials Comparison
This section allows you to compare key financial metrics between GLOBALFOUNDRIES 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
GFS vs. ON - Profitability Comparison
GFS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GLOBALFOUNDRIES Inc. reported a gross profit of 451.00M and revenue of 1.63B. Therefore, the gross margin over that period was 27.6%.
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%.
GFS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GLOBALFOUNDRIES Inc. reported an operating income of 180.00M and revenue of 1.63B, resulting in an operating margin of 11.0%.
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%.
GFS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GLOBALFOUNDRIES Inc. reported a net income of 103.00M and revenue of 1.63B, resulting in a net margin of 6.3%.
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
GFS and ON have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFS has higher volatility (26.45%) compared to ON (22.04%). In terms of maximum drawdown, GFS dropped -61.53% vs ON's -96.34%.
ON currently has the higher Sharpe Ratio (2.24 vs 2.14), 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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