ON vs. IEF
ON (ON Semiconductor Corporation) is a stock, while IEF (iShares 7-10 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Over the past 10 years, ON returned 24.67%/yr vs 0.49%/yr for IEF. At a correlation of -0.17, they often move in opposite directions.
Performance
ON vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, ON achieves a 60.11% return, which is significantly higher than IEF's -0.82% return. Over the past 10 years, ON has outperformed IEF with an annualized return of 24.67%, while IEF has yielded a comparatively lower 0.49% annualized return.
ON
- 1D
- -0.77%
- 1M
- -28.71%
- 6M
- 43.71%
- YTD
- 60.11%
- 1Y
- 42.79%
- 3Y*
- -4.25%
- 5Y*
- 18.65%
- 10Y*
- 24.67%
- ALL TIME*
- 4.88%
IEF
- 1D
- -0.32%
- 1M
- -0.54%
- 6M
- -0.58%
- YTD
- -0.82%
- 1Y
- 2.96%
- 3Y*
- 2.64%
- 5Y*
- -1.58%
- 10Y*
- 0.49%
- ALL TIME*
- 3.37%
ON vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ON ON Semiconductor Corporation | 60.11% | -14.12% | -24.52% | 33.93% | -8.17% | 107.52% | 34.25% | 47.67% | -21.16% | 64.11% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.82% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between ON and IEF 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 | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.17 |
The correlation between ON and IEF shifts across timeframes, from -0.17 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ON vs. IEF — Risk / Return Rank
ON
IEF
ON vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ON Semiconductor Corporation (ON) and iShares 7-10 Year Treasury Bond ETF (IEF). 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 | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.73 | +0.49 |
| Martin ratioReturn relative to average drawdown | 2.65 | 1.82 | +0.83 |
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Drawdowns
ON vs. IEF - Drawdown Comparison
The maximum ON drawdown since its inception was -96.34%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for ON and IEF.
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Drawdown Indicators
| ON | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.34% | -23.93% | -72.41% |
Max Drawdown (1Y)Largest decline over 1 year | -35.26% | -4.07% | -31.19% |
Max Drawdown (3Y)Largest decline over 3 years | -70.44% | -7.05% | -63.39% |
Max Drawdown (5Y)Largest decline over 5 years | -70.44% | -21.40% | -49.04% |
Max Drawdown (10Y)Largest decline over 10 years | -70.44% | -23.93% | -46.51% |
Current DrawdownCurrent decline from peak | -35.26% | -11.49% | -23.77% |
Average DrawdownAverage peak-to-trough decline | -53.81% | -5.37% | -48.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.20% | 1.63% | +14.57% |
Volatility
ON vs. IEF - Volatility Comparison
ON Semiconductor Corporation (ON) has a higher volatility of 34.80% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.40%. This indicates that ON's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ON | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.80% | 1.40% | +33.40% |
Volatility (6M)Calculated over the trailing 6-month period | 53.11% | 3.62% | +49.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.87% | 4.71% | +58.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.28% | 7.70% | +47.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.99% | 6.61% | +45.38% |
Dividends
ON vs. IEF - Dividend Comparison
ON has not paid dividends to shareholders, while IEF's dividend yield for the trailing twelve months is around 3.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.93% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
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% |
Frequently Asked Questions
ON and IEF 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 (34.80%) compared to IEF (1.40%). In terms of maximum drawdown, ON dropped -96.34% vs IEF's -23.93%.
ON currently has the higher Sharpe Ratio (0.69 vs 0.63), 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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