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NKE vs. ONON
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

NKE vs. ONON

Last updated May 19, 2025

Compare and contrast key facts about NIKE, Inc. (NKE) and On Holding AG (ONON).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NKE or ONON.

Correlation

The correlation between NKE and ONON is 0.57, 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.

Performance

NKE vs. ONON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NIKE, Inc. (NKE) and On Holding AG (ONON). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NKE:

-0.74

ONON:

1.32

Sortino Ratio

NKE:

-0.87

ONON:

1.98

Omega Ratio

NKE:

0.86

ONON:

1.25

Calmar Ratio

NKE:

-0.45

ONON:

1.59

Martin Ratio

NKE:

-1.33

ONON:

4.41

Ulcer Index

NKE:

23.09%

ONON:

14.75%

Daily Std Dev

NKE:

40.58%

ONON:

48.63%

Max Drawdown

NKE:

-75.58%

ONON:

-68.90%

Current Drawdown

NKE:

-62.72%

ONON:

-5.85%

Fundamentals

Market Cap

NKE:

$93.15B

ONON:

$19.53B

EPS

NKE:

$3.01

ONON:

$0.75

PE Ratio

NKE:

20.97

ONON:

79.87

PS Ratio

NKE:

1.95

ONON:

7.70

PB Ratio

NKE:

6.65

ONON:

11.28

Total Revenue (TTM)

NKE:

$47.82B

ONON:

$2.54B

Gross Profit (TTM)

NKE:

$20.96B

ONON:

$1.54B

EBITDA (TTM)

NKE:

$4.77B

ONON:

$353.70M

Returns By Period

In the year-to-date period, NKE achieves a -16.18% return, which is significantly lower than ONON's 9.37% return.

NKE

YTD

-16.18%

1M

13.18%

6M

-16.84%

1Y

-30.25%

5Y*

-6.07%

10Y*

3.13%

ONON

YTD

9.37%

1M

40.94%

6M

15.37%

1Y

57.14%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

NKE vs. ONON — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NKE
The Risk-Adjusted Performance Rank of NKE is 1414
Overall Rank
The Sharpe Ratio Rank of NKE is 1212
Sharpe Ratio Rank
The Sortino Ratio Rank of NKE is 1414
Sortino Ratio Rank
The Omega Ratio Rank of NKE is 1111
Omega Ratio Rank
The Calmar Ratio Rank of NKE is 2121
Calmar Ratio Rank
The Martin Ratio Rank of NKE is 1111
Martin Ratio Rank
ONON
The Risk-Adjusted Performance Rank of ONON is 8686
Overall Rank
The Sharpe Ratio Rank of ONON is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of ONON is 8585
Sortino Ratio Rank
The Omega Ratio Rank of ONON is 8383
Omega Ratio Rank
The Calmar Ratio Rank of ONON is 9090
Calmar Ratio Rank
The Martin Ratio Rank of ONON is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NKE vs. ONON - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NIKE, Inc. (NKE) 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.

The current NKE Sharpe Ratio is -0.74, which is lower than the ONON Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of NKE and ONON, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

NKE vs. ONON - Dividend Comparison

NKE's dividend yield for the trailing twelve months is around 2.44%, while ONON has not paid dividends to shareholders.

TTM20242023202220212020201920182017201620152014
NKE
NIKE, Inc.		2.44%2.00%1.28%1.07%0.68%0.71%0.89%1.11%1.18%1.30%0.93%1.04%
ONON
On Holding AG		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

NKE vs. ONON - Drawdown Comparison

The maximum NKE drawdown since its inception was -75.58%, which is greater than ONON's maximum drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for NKE and ONON. For additional features, visit the drawdowns tool.

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Volatility

NKE vs. ONON - Volatility Comparison

The current volatility for NIKE, Inc. (NKE) is 10.00%, while On Holding AG (ONON) has a volatility of 13.24%. This indicates that NKE experiences smaller price fluctuations and is considered to be less risky than ONON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

NKE vs. ONON - Financials Comparison

This section allows you to compare key financial metrics between NIKE, Inc. 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.002.00B4.00B6.00B8.00B10.00B12.00B14.00B20212022202320242025
11.27B
726.60M
(NKE) Total Revenue
(ONON) Total Revenue
Values in USD except per share items

NKE vs. ONON - Profitability Comparison

The chart below illustrates the profitability comparison between NIKE, Inc. and On Holding AG over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
40.0%45.0%50.0%55.0%60.0%20212022202320242025
41.5%
59.9%
(NKE) Gross Margin
(ONON) Gross Margin
NKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, NIKE, Inc. reported a gross profit of 4.68B and revenue of 11.27B. Therefore, the gross margin over that period was 41.5%.

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%.

NKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, NIKE, Inc. reported an operating income of 788.00M and revenue of 11.27B, resulting in an operating margin of 7.0%.

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%.

NKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, NIKE, Inc. reported a net income of 794.00M and revenue of 11.27B, resulting in a net margin of 7.1%.

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%.