NVTS vs. ON

Last updated Jun 23, 2026

NVTS (Navitas Semiconductor Corporation) and ON (ON Semiconductor Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 5 years, NVTS returned 18.98%/yr vs 28.95%/yr for ON. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

NVTS vs. ON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Navitas Semiconductor Corporation (NVTS) 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, NVTS achieves a 231.93% return, which is significantly higher than ON's 142.94% return.

NVTS

• 1D: -1.33%
• 1M: -18.97%
• YTD: 231.93%
• 6M: 200.00%
• 1Y: 238.09%
• 3Y*: 39.29%
• 5Y*: 18.98%
• 10Y*: —

ON

• 1D: 8.16%
• 1M: 13.21%
• YTD: 142.94%
• 6M: 133.37%
• 1Y: 149.05%
• 3Y*: 14.55%
• 5Y*: 28.95%
• 10Y*: 30.63%

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

NVTS vs. ON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NVTS Navitas Semiconductor Corporation	231.93%	100.00%	-55.76%	129.91%	-79.37%	53.24%
ON ON Semiconductor Corporation	142.94%	-14.12%	-24.52%	33.93%	-8.17%	82.12%

Correlation

The correlation between NVTS and ON is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 25, 2021	0.53

The correlation between NVTS and ON has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.

Fundamentals

EPS NVTS : -$0.84 ON : $1.42
PS Ratio NVTS : 92.76 ON : 8.78
Total Revenue (TTM) NVTS : $40.50M ON : $6.06B
Gross Profit (TTM) NVTS : $7.44M ON : $2.26B
EBITDA (TTM) NVTS : -$83.31M ON : $1.21B

Return for Risk

NVTS vs. ON — Risk / Return Rank

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

NVTS

NVTS Risk / Return Rank: 86
NVTS Sharpe Ratio Rank: 88
NVTS Sortino Ratio Rank: 87
NVTS Omega Ratio Rank: 82
NVTS Calmar Ratio Rank: 89
NVTS Martin Ratio Rank: 81

ON

ON Risk / Return Rank: 91
ON Sharpe Ratio Rank: 94
ON Sortino Ratio Rank: 90
ON Omega Ratio Rank: 89
ON Calmar Ratio Rank: 93
ON Martin Ratio Rank: 89

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.

NVTS vs. ON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Navitas Semiconductor Corporation (NVTS) 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.

	NVTS	ON	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.69	-0.78
Sortino ratio: Return per unit of downside risk	2.82	3.10	-0.28
Omega ratio: Gain probability vs. loss probability	1.32	1.40	-0.08
Calmar ratio: Return relative to maximum drawdown	4.12	5.34	-1.22
Martin ratio: Return relative to average drawdown	6.74	10.63	-3.89

NVTS vs. ON - Sharpe Ratio Comparison

The current NVTS Sharpe Ratio is 1.91, which is comparable to the ON Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of NVTS 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.

Drawdowns

NVTS vs. ON - Drawdown Comparison

The maximum NVTS drawdown since its inception was -92.04%, roughly equal to the maximum ON drawdown of -96.34%. Use the drawdown chart below to compare losses from any high point for NVTS and ON.

Drawdown Indicators

	NVTS	ON	Difference
Max Drawdown Largest peak-to-trough decline	-92.04%	-96.34%	+4.30%
Max Drawdown (1Y) Largest decline over 1 year	-58.25%	-28.10%	-30.15%
Max Drawdown (3Y) Largest decline over 3 years	-85.18%	-70.44%	-14.74%
Max Drawdown (5Y) Largest decline over 5 years	-92.04%	-70.44%	-21.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-70.44%	—
Current Drawdown Current decline from peak	-25.45%	-1.78%	-23.67%
Average Drawdown Average peak-to-trough decline	-57.99%	-53.88%	-4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.48%	14.08%	+21.40%

Volatility

NVTS vs. ON - Volatility Comparison

Navitas Semiconductor Corporation (NVTS) has a higher volatility of 42.56% compared to ON Semiconductor Corporation (ON) at 25.51%. This indicates that NVTS'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.

Volatility by Period

	NVTS	ON	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.56%	25.51%	+17.05%
Volatility (6M) Calculated over the trailing 6-month period	92.86%	42.52%	+50.34%
Volatility (1Y) Calculated over the trailing 1-year period	125.68%	55.85%	+69.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.01%	53.76%	+68.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.40%	51.34%	+66.06%

Dividends

NVTS vs. ON - Dividend Comparison

Neither NVTS nor ON has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NVTS and ON in my portfolio?

NVTS and ON have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVTS or ON?

NVTS has higher volatility (42.56%) compared to ON (25.51%). In terms of maximum drawdown, NVTS dropped -92.04% vs ON's -96.34%.

Which has better risk-adjusted returns?

ON currently has the higher Sharpe Ratio (2.69 vs 1.91), 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.