Correlation
The correlation between GLBE and ONON is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GLBE vs. ONON
Compare and contrast key facts about Global-e Online Ltd. (GLBE) and On Holding AG (ONON).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLBE or ONON.
Performance
GLBE vs. ONON - Performance Comparison
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Key characteristics
GLBE:
0.01
ONON:
0.79
GLBE:
0.55
ONON:
1.59
GLBE:
1.08
ONON:
1.20
GLBE:
0.10
ONON:
1.13
GLBE:
0.30
ONON:
3.13
GLBE:
22.72%
ONON:
14.79%
GLBE:
55.09%
ONON:
48.21%
GLBE:
-79.10%
ONON:
-68.90%
GLBE:
-61.56%
ONON:
-7.51%
Fundamentals
GLBE:
$5.34B
ONON:
$19.50B
GLBE:
-$0.37
ONON:
$0.77
GLBE:
6.70
ONON:
7.69
GLBE:
6.11
ONON:
10.98
GLBE:
$796.77M
ONON:
$2.54B
GLBE:
$360.23M
ONON:
$1.54B
GLBE:
$14.20M
ONON:
$353.70M
Returns By Period
In the year-to-date period, GLBE achieves a -42.42% return, which is significantly lower than ONON's 7.43% return.
GLBE
-42.42%
-12.29%
-39.45%
0.54%
15.69%
N/A
N/A
ONON
7.43%
22.84%
1.62%
37.96%
40.98%
N/A
N/A
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Risk-Adjusted Performance
GLBE vs. ONON — Risk-Adjusted Performance Rank
GLBE
ONON
GLBE vs. ONON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global-e Online Ltd. (GLBE) and On Holding AG (ONON). 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.
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Dividends
GLBE vs. ONON - Dividend Comparison
Neither GLBE nor ONON has paid dividends to shareholders.
Drawdowns
GLBE vs. ONON - Drawdown Comparison
The maximum GLBE drawdown since its inception was -79.10%, which is greater than ONON's maximum drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for GLBE and ONON.
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Volatility
GLBE vs. ONON - Volatility Comparison
Global-e Online Ltd. (GLBE) has a higher volatility of 24.71% compared to On Holding AG (ONON) at 13.60%. This indicates that GLBE's price experiences larger fluctuations and is considered to be riskier than ONON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
GLBE vs. ONON - Financials Comparison
This section allows you to compare key financial metrics between Global-e Online Ltd. and On Holding AG. 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
GLBE vs. ONON - Profitability Comparison
GLBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Global-e Online Ltd. reported a gross profit of 84.08M and revenue of 189.88M. Therefore, the gross margin over that period was 44.3%.
ONON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, On Holding AG reported a gross profit of 435.30M and revenue of 726.60M. Therefore, the gross margin over that period was 59.9%.
GLBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Global-e Online Ltd. reported an operating income of -19.19M and revenue of 189.88M, resulting in an operating margin of -10.1%.
ONON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, On Holding AG reported an operating income of 77.00M and revenue of 726.60M, resulting in an operating margin of 10.6%.
GLBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Global-e Online Ltd. reported a net income of -17.86M and revenue of 189.88M, resulting in a net margin of -9.4%.
ONON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, On Holding AG reported a net income of 56.70M and revenue of 726.60M, resulting in a net margin of 7.8%.