ON vs. GEN
ON (ON Semiconductor Corporation) and GEN (Gen Digital Inc.) are both stocks. Both are in the Technology sector — ON in Semiconductors, GEN in Software - Infrastructure. Over the past 10 years, ON returned 28.16%/yr vs 10.43%/yr for GEN. At a 0.35 correlation, their price movements are largely independent.
Performance
ON vs. GEN - Performance Comparison
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Returns By Period
In the year-to-date period, ON achieves a 115.68% return, which is significantly higher than GEN's -9.60% return. Over the past 10 years, ON has outperformed GEN with an annualized return of 28.16%, while GEN has yielded a comparatively lower 10.43% annualized return.
ON
- 1D
- 0.72%
- 1M
- -1.33%
- YTD
- 115.68%
- 6M
- 112.50%
- 1Y
- 128.91%
- 3Y*
- 8.02%
- 5Y*
- 25.32%
- 10Y*
- 28.16%
GEN
- 1D
- 1.59%
- 1M
- 5.48%
- YTD
- -9.60%
- 6M
- -11.16%
- 1Y
- -16.74%
- 3Y*
- 11.92%
- 5Y*
- -1.14%
- 10Y*
- 10.43%
ON vs. GEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ON ON Semiconductor Corporation | 115.68% | -14.12% | -24.52% | 33.93% | -8.17% | 107.52% | 34.25% | 47.67% | -21.16% | 64.11% |
GEN Gen Digital Inc. | -9.60% | 1.06% | 22.41% | 9.29% | -15.81% | 27.59% | 44.36% | 37.17% | -31.76% | 18.69% |
Correlation
The correlation between ON and GEN is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 2, 2000 | 0.35 |
Over the past year, the correlation between ON and GEN has dropped to 0.13 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
ON:
$46.03B
GEN:
$14.81B
ON:
$1.42
GEN:
$1.57
ON:
82.41
GEN:
15.49
ON:
7.80
GEN:
3.01
ON:
6.30
GEN:
5.67
ON:
$6.06B
GEN:
$5.00B
ON:
$2.26B
GEN:
$3.92B
ON:
$1.21B
GEN:
$2.46B
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Return for Risk
ON vs. GEN — Risk / Return Rank
ON
GEN
ON vs. GEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ON Semiconductor Corporation (ON) and Gen Digital Inc. (GEN). 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 | GEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.92 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | -0.42 | +4.73 |
| Martin ratioReturn relative to average drawdown | 8.63 | -0.83 | +9.46 |
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Drawdowns
ON vs. GEN - Drawdown Comparison
The maximum ON drawdown since its inception was -96.34%, which is greater than GEN's maximum drawdown of -87.75%. Use the drawdown chart below to compare losses from any high point for ON and GEN.
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Drawdown Indicators
| ON | GEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.34% | -87.75% | -8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -28.10% | -43.59% | +15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -70.44% | -43.59% | -26.85% |
Max Drawdown (5Y)Largest decline over 5 years | -70.44% | -48.41% | -22.03% |
Max Drawdown (10Y)Largest decline over 10 years | -70.44% | -48.41% | -22.03% |
Current DrawdownCurrent decline from peak | -12.80% | -22.90% | +10.10% |
Average DrawdownAverage peak-to-trough decline | -53.91% | -34.28% | -19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 21.73% | -7.72% |
Volatility
ON vs. GEN - Volatility Comparison
ON Semiconductor Corporation (ON) has a higher volatility of 22.04% compared to Gen Digital Inc. (GEN) at 12.50%. This indicates that ON's price experiences larger fluctuations and is considered to be riskier than GEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ON | GEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.04% | 12.50% | +9.54% |
Volatility (6M)Calculated over the trailing 6-month period | 40.05% | 28.74% | +11.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.10% | 33.57% | +20.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.32% | 31.38% | +21.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.10% | 33.26% | +17.84% |
Dividends
ON vs. GEN - Dividend Comparison
ON has not paid dividends to shareholders, while GEN's dividend yield for the trailing twelve months is around 2.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEN Gen Digital Inc. | 2.06% | 1.84% | 1.83% | 2.19% | 2.33% | 1.92% | 60.15% | 1.37% | 1.59% | 1.07% | 18.31% | 2.86% |
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. GEN - Financials Comparison
This section allows you to compare key financial metrics between ON Semiconductor Corporation and Gen Digital Inc.. 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. GEN - 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%.
GEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gen Digital Inc. reported a gross profit of 1.06B and revenue of 1.28B. Therefore, the gross margin over that period was 82.8%.
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%.
GEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gen Digital Inc. reported an operating income of 792.00M and revenue of 1.28B, resulting in an operating margin of 61.7%.
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%.
GEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gen Digital Inc. reported a net income of 512.00M and revenue of 1.28B, resulting in a net margin of 39.9%.
Frequently Asked Questions
ON and GEN have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ON has higher volatility (22.04%) compared to GEN (12.50%). In terms of maximum drawdown, ON dropped -96.34% vs GEN's -87.75%.
ON currently has the higher Sharpe Ratio (2.24 vs -0.54), 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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