MIELY vs. ON

Last updated Jun 9, 2026

MIELY (Mitsubishi Electric Corp ADR) and ON (ON Semiconductor Corporation) are both stocks. MIELY operates in Electrical Equipment & Parts (Industrials), while ON operates in Semiconductors (Technology). Over the past 10 years, MIELY returned 12.21%/yr vs 28.56%/yr for ON. At a 0.25 correlation, their price movements are largely independent.

Performance

MIELY vs. ON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mitsubishi Electric Corp ADR (MIELY) and ON Semiconductor Corporation (ON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIELY achieves a 24.47% return, which is significantly lower than ON's 123.27% return. Over the past 10 years, MIELY has underperformed ON with an annualized return of 12.21%, while ON has yielded a comparatively higher 28.56% annualized return.

MIELY

• 1D: -0.63%
• 1M: -14.11%
• YTD: 24.47%
• 6M: 22.62%
• 1Y: 77.00%
• 3Y*: 37.25%
• 5Y*: 17.88%
• 10Y*: 12.21%

ON

• 1D: 3.10%
• 1M: 17.15%
• YTD: 123.27%
• 6M: 114.44%
• 1Y: 140.98%
• 3Y*: 10.74%
• 5Y*: 26.56%
• 10Y*: 28.56%

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

MIELY vs. ON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIELY Mitsubishi Electric Corp ADR	24.47%	73.08%	21.33%	42.15%	-22.04%	-16.17%	11.35%	23.78%	-33.88%	21.11%
ON ON Semiconductor Corporation	123.27%	-14.12%	-24.52%	33.93%	-8.17%	107.52%	34.25%	47.67%	-21.16%	64.11%

Correlation

The correlation between MIELY and ON is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 17, 2007	0.25

Fundamentals

Market Cap MIELY : $72.64B ON : $47.65B
EPS MIELY : $421.28 ON : $1.42
PE Ratio MIELY : 0.17 ON : 85.31
PS Ratio MIELY : 0.01 ON : 8.07
PB Ratio MIELY : 0.02 ON : 6.53
Total Revenue (TTM) MIELY : $5.95T ON : $6.06B
Gross Profit (TTM) MIELY : $1.97T ON : $2.26B
EBITDA (TTM) MIELY : $639.91B ON : $1.21B

Return for Risk

MIELY vs. ON — Risk / Return Rank

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

MIELY

MIELY Risk / Return Rank: 89
MIELY Sharpe Ratio Rank: 90
MIELY Sortino Ratio Rank: 88
MIELY Omega Ratio Rank: 86
MIELY Calmar Ratio Rank: 89
MIELY 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.

MIELY vs. ON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mitsubishi Electric Corp ADR (MIELY) 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.

	MIELY	ON	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.64	-0.53
Sortino ratio: Return per unit of downside risk	2.93	3.06	-0.13
Omega ratio: Gain probability vs. loss probability	1.36	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	4.06	5.05	-0.99
Martin ratio: Return relative to average drawdown	13.81	10.18	+3.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIELY vs. ON - Sharpe Ratio Comparison

The current MIELY Sharpe Ratio is 2.11, which is comparable to the ON Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of MIELY 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

	MIELY	ON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.64	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.50	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.56	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.11	-0.14

Drawdowns

MIELY vs. ON - Drawdown Comparison

The maximum MIELY drawdown since its inception was -89.09%, smaller than the maximum ON drawdown of -96.22%. Use the drawdown chart below to compare losses from any high point for MIELY and ON.

Drawdown Indicators

	MIELY	ON	Difference
Max Drawdown Largest peak-to-trough decline	-89.09%	-96.22%	+7.13%
Max Drawdown (1Y) Largest decline over 1 year	-19.08%	-28.10%	+9.02%
Max Drawdown (3Y) Largest decline over 3 years	-24.66%	-70.44%	+45.78%
Max Drawdown (5Y) Largest decline over 5 years	-45.47%	-70.44%	+24.97%
Max Drawdown (10Y) Largest decline over 10 years	-55.76%	-70.44%	+14.68%
Current Drawdown Current decline from peak	-40.96%	-9.73%	-31.23%
Average Drawdown Average peak-to-trough decline	-69.46%	-53.21%	-16.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	13.90%	-8.31%

Volatility

MIELY vs. ON - Volatility Comparison

The current volatility for Mitsubishi Electric Corp ADR (MIELY) is 12.39%, while ON Semiconductor Corporation (ON) has a volatility of 23.24%. This indicates that MIELY 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

	MIELY	ON	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	23.24%	-10.85%
Volatility (6M) Calculated over the trailing 6-month period	29.92%	39.22%	-9.30%
Volatility (1Y) Calculated over the trailing 1-year period	36.77%	53.86%	-17.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.34%	53.20%	-21.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.08%	51.05%	-21.97%

Dividends

MIELY vs. ON - Dividend Comparison

Neither MIELY nor ON has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MIELY Mitsubishi Electric Corp ADR	0.00%	0.72%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.98%	1.76%
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%

Financials

MIELY vs. ON - Profitability Comparison

The chart below illustrates the profitability comparison between Mitsubishi Electric Corp ADR and ON Semiconductor Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MIELY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mitsubishi Electric Corp ADR reported a gross profit of 569.69B and revenue of 1.77T. Therefore, the gross margin over that period was 32.2%.

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%.

MIELY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mitsubishi Electric Corp ADR reported an operating income of 161.29B and revenue of 1.77T, resulting in an operating margin of 9.1%.

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%.

MIELY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mitsubishi Electric Corp ADR reported a net income of 132.06B and revenue of 1.77T, resulting in a net margin of 7.5%.

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

Can I hold both MIELY and ON in my portfolio?

MIELY and ON have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIELY or ON?

ON has higher volatility (23.24%) compared to MIELY (12.39%). In terms of maximum drawdown, MIELY dropped -89.09% vs ON's -96.22%.

Which has better risk-adjusted returns?

ON currently has the higher Sharpe Ratio (2.64 vs 2.11), 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.