ON vs. ASML
ON (ON Semiconductor Corporation) and ASML (ASML Holding N.V.) are both stocks. Both are in the Technology sector — ON in Semiconductors, ASML in Semiconductor Equipment & Materials. Over the past 10 years, ON returned 30.63%/yr vs 36.42%/yr for ASML. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
ON vs. ASML - Performance Comparison
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Returns By Period
In the year-to-date period, ON achieves a 142.94% return, which is significantly higher than ASML's 80.96% return. Over the past 10 years, ON has underperformed ASML with an annualized return of 30.63%, while ASML has yielded a comparatively higher 36.42% annualized return.
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%
ASML
- 1D
- -0.02%
- 1M
- 18.15%
- YTD
- 80.96%
- 6M
- 83.17%
- 1Y
- 157.02%
- 3Y*
- 41.76%
- 5Y*
- 24.38%
- 10Y*
- 36.42%
ON vs. ASML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ON ON Semiconductor Corporation | 142.94% | -14.12% | -24.52% | 33.93% | -8.17% | 107.52% | 34.25% | 47.67% | -21.16% | 64.11% |
ASML ASML Holding N.V. | 80.96% | 56.51% | -7.70% | 39.91% | -30.49% | 64.13% | 66.06% | 93.56% | -9.80% | 56.23% |
Correlation
The correlation between ON and ASML is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 2, 2000 | 0.52 |
The correlation between ON and ASML shifts across timeframes, from 0.48 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ON:
$51.84B
ASML:
$744.11B
ON:
$1.42
ASML:
€25.86
ON:
92.83
ASML:
65.06
ON:
8.78
ASML:
19.33
ON:
7.10
ASML:
31.15
ON:
$6.06B
ASML:
€33.69B
ON:
$2.26B
ASML:
€17.72B
ON:
$1.21B
ASML:
€12.99B
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Return for Risk
ON vs. ASML — Risk / Return Rank
ON
ASML
ON vs. ASML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ON Semiconductor Corporation (ON) and ASML Holding N.V. (ASML). 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.
| ON | ASML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.49 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.34 | 8.85 | -3.51 |
| Martin ratioReturn relative to average drawdown | 10.63 | 23.82 | -13.19 |
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Drawdowns
ON vs. ASML - Drawdown Comparison
The maximum ON drawdown since its inception was -96.34%, which is greater than ASML's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for ON and ASML.
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Drawdown Indicators
| ON | ASML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.34% | -90.00% | -6.34% |
Max Drawdown (1Y)Largest decline over 1 year | -28.10% | -17.85% | -10.25% |
Max Drawdown (3Y)Largest decline over 3 years | -70.44% | -45.38% | -25.06% |
Max Drawdown (5Y)Largest decline over 5 years | -70.44% | -56.84% | -13.60% |
Max Drawdown (10Y)Largest decline over 10 years | -70.44% | -56.84% | -13.60% |
Current DrawdownCurrent decline from peak | -1.78% | -0.02% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -53.88% | -28.11% | -25.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.08% | 6.62% | +7.46% |
Volatility
ON vs. ASML - Volatility Comparison
ON Semiconductor Corporation (ON) has a higher volatility of 25.51% compared to ASML Holding N.V. (ASML) at 16.29%. This indicates that ON's price experiences larger fluctuations and is considered to be riskier than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ON | ASML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.51% | 16.29% | +9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 42.52% | 34.37% | +8.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.85% | 43.11% | +12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.76% | 42.53% | +11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.34% | 38.77% | +12.57% |
Dividends
ON vs. ASML - Dividend Comparison
ON has not paid dividends to shareholders, while ASML's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASML ASML Holding N.V. | 0.46% | 0.97% | 0.97% | 0.86% | 1.27% | 0.50% | 0.50% | 1.40% | 0.94% | 0.64% | 0.92% | 0.73% |
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
ON vs. ASML - Financials Comparison
This section allows you to compare key financial metrics between ON Semiconductor Corporation and ASML Holding N.V.. 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
ON vs. ASML - Profitability Comparison
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%.
ASML - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a gross profit of 4.65B and revenue of 8.77B. Therefore, the gross margin over that period was 53.0%.
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%.
ASML - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported an operating income of 3.16B and revenue of 8.77B, resulting in an operating margin of 36.0%.
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%.
ASML - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a net income of 2.76B and revenue of 8.77B, resulting in a net margin of 31.4%.
Frequently Asked Questions
ON and ASML have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ON has higher volatility (25.51%) compared to ASML (16.29%). In terms of maximum drawdown, ON dropped -96.34% vs ASML's -90.00%.
ASML currently has the higher Sharpe Ratio (3.67 vs 2.69), 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.
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