IFX.DE vs. ON

Last updated Jun 5, 2026

IFX.DE (Infineon Technologies AG) and ON (ON Semiconductor Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, IFX.DE returned 21.63%/yr vs 27.87%/yr for ON. At a 0.41 correlation, their price movements are largely independent.

Performance

IFX.DE vs. ON - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Infineon Technologies AG (IFX.DE) and ON Semiconductor Corporation (ON). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IFX.DE is traded in EUR, while ON is traded in USD. To make them comparable, the ON values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with IFX.DE having a 127.15% return and ON slightly lower at 120.80%. Over the past 10 years, IFX.DE has underperformed ON with an annualized return of 21.63%, while ON has yielded a comparatively higher 27.87% annualized return.

IFX.DE

• 1D: -3.35%
• 1M: 37.93%
• YTD: 127.15%
• 6M: 127.88%
• 1Y: 138.73%
• 3Y*: 35.19%
• 5Y*: 21.65%
• 10Y*: 21.63%

ON

• 1D: 0.00%
• 1M: 16.24%
• YTD: 120.80%
• 6M: 110.09%
• 1Y: 131.14%
• 3Y*: 7.13%
• 5Y*: 27.19%
• 10Y*: 27.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFX.DE vs. ON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFX.DE Infineon Technologies AG	127.15%	21.26%	-16.04%	34.15%	-29.66%	30.66%	56.50%	18.59%	-23.09%	40.10%
ON ON Semiconductor Corporation	127.39%	-24.31%	-19.54%	29.91%	-2.48%	123.04%	23.18%	51.00%	-17.45%	43.94%

Correlation

The correlation between IFX.DE and ON is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007	0.41

The correlation between IFX.DE and ON has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.

Return for Risk

IFX.DE vs. ON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IFX.DE

IFX.DE Risk / Return Rank: 93
IFX.DE Sharpe Ratio Rank: 95
IFX.DE Sortino Ratio Rank: 94
IFX.DE Omega Ratio Rank: 92
IFX.DE Calmar Ratio Rank: 94
IFX.DE Martin Ratio Rank: 92

ON

ON Risk / Return Rank: 90
ON Sharpe Ratio Rank: 94
ON Sortino Ratio Rank: 89
ON Omega Ratio Rank: 89
ON Calmar Ratio Rank: 92
ON Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFX.DE vs. ON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infineon Technologies AG (IFX.DE) 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.

	IFX.DE	ON	Difference
Sharpe ratio: Return per unit of total volatility	3.18	2.48	+0.70
Sortino ratio: Return per unit of downside risk	3.84	2.97	+0.86
Omega ratio: Gain probability vs. loss probability	1.47	1.38	+0.08
Calmar ratio: Return relative to maximum drawdown	6.53	4.94	+1.60
Martin ratio: Return relative to average drawdown	14.89	9.94	+4.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFX.DE vs. ON - Sharpe Ratio Comparison

The current IFX.DE Sharpe Ratio is 3.18, which is comparable to the ON Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of IFX.DE and ON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IFX.DE	ON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.18	2.48	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.52	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.55	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.29	-0.25

Drawdowns

IFX.DE vs. ON - Drawdown Comparison

The maximum IFX.DE drawdown since its inception was -99.57%, which is greater than ON's maximum drawdown of -77.57%. Use the drawdown chart below to compare losses from any high point for IFX.DE and ON.

Drawdown Indicators

	IFX.DE	ON	Difference
Max Drawdown Largest peak-to-trough decline	-99.57%	-77.57%	-22.00%
Max Drawdown (1Y) Largest decline over 1 year	-21.20%	-26.72%	+5.52%
Max Drawdown (3Y) Largest decline over 3 years	-37.93%	-70.27%	+32.34%
Max Drawdown (5Y) Largest decline over 5 years	-51.12%	-70.27%	+19.15%
Max Drawdown (10Y) Largest decline over 10 years	-56.99%	-70.27%	+13.28%
Current Drawdown Current decline from peak	-3.35%	-11.86%	+8.51%
Average Drawdown Average peak-to-trough decline	-75.87%	-26.86%	-49.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.32%	13.25%	-3.93%

Volatility

IFX.DE vs. ON - Volatility Comparison

The current volatility for Infineon Technologies AG (IFX.DE) is 19.75%, while ON Semiconductor Corporation (ON) has a volatility of 22.61%. This indicates that IFX.DE 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.

Volatility by Period

	IFX.DE	ON	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.75%	22.61%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	36.04%	38.73%	-2.69%
Volatility (1Y) Calculated over the trailing 1-year period	43.73%	53.23%	-9.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.36%	52.41%	-13.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.94%	50.89%	-12.95%

Dividends

IFX.DE vs. ON - Dividend Comparison

IFX.DE's dividend yield for the trailing twelve months is around 0.41%, while ON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFX.DE Infineon Technologies AG	0.41%	0.93%	1.11%	0.85%	0.95%	0.54%	0.86%	1.33%	1.44%	0.96%	1.21%	1.33%
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

Frequently Asked Questions

Can I hold both IFX.DE and ON in my portfolio?

IFX.DE and ON have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.