ON vs. IFX.DE
ON (ON Semiconductor Corporation) and IFX.DE (Infineon Technologies AG) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, ON returned 28.56%/yr vs 21.90%/yr for IFX.DE. At a 0.43 correlation, their price movements are largely independent.
Performance
ON vs. IFX.DE - Performance Comparison
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Different Trading Currencies
ON is traded in USD, while IFX.DE is traded in EUR. To make them comparable, the IFX.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ON having a 123.27% return and IFX.DE slightly higher at 124.50%. Over the past 10 years, ON has outperformed IFX.DE with an annualized return of 28.56%, while IFX.DE has yielded a comparatively lower 21.90% annualized return.
ON
- 1D
- 3.10%
- 1M
- 17.15%
- YTD
- 123.27%
- 6M
- 114.44%
- 1Y
- 140.98%
- 3Y*
- 10.74%
- 5Y*
- 26.56%
- 10Y*
- 28.56%
IFX.DE
- 1D
- -3.25%
- 1M
- 35.89%
- YTD
- 124.50%
- 6M
- 127.87%
- 1Y
- 143.31%
- 3Y*
- 38.87%
- 5Y*
- 20.52%
- 10Y*
- 21.90%
ON vs. IFX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ON ON Semiconductor Corporation | 123.27% | -14.12% | -24.52% | 33.93% | -8.17% | 107.52% | 34.25% | 47.67% | -21.16% | 64.11% |
IFX.DE Infineon Technologies AG | 124.50% | 36.89% | -20.84% | 38.39% | -33.54% | 20.36% | 71.79% | 16.08% | -26.71% | 59.91% |
Correlation
The correlation between ON and IFX.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since May 30, 2007 | 0.43 |
The correlation between ON and IFX.DE has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
ON vs. IFX.DE — Risk / Return Rank
ON
IFX.DE
ON vs. IFX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ON Semiconductor Corporation (ON) and Infineon Technologies AG (IFX.DE). 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.
| ON | IFX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.47 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 6.18 | -1.14 |
| Martin ratioReturn relative to average drawdown | 10.18 | 14.59 | -4.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ON | IFX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 3.24 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.49 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.55 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.26 | -0.15 |
Drawdowns
ON vs. IFX.DE - Drawdown Comparison
The maximum ON drawdown since its inception was -96.22%, roughly equal to the maximum IFX.DE drawdown of -97.34%. Use the drawdown chart below to compare losses from any high point for ON and IFX.DE.
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Drawdown Indicators
| ON | IFX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -97.34% | +1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -28.10% | -23.06% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -70.44% | -38.22% | -32.22% |
Max Drawdown (5Y)Largest decline over 5 years | -70.44% | -56.03% | -14.41% |
Max Drawdown (10Y)Largest decline over 10 years | -70.44% | -60.95% | -9.49% |
Current DrawdownCurrent decline from peak | -9.73% | -3.52% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -53.21% | -31.15% | -22.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 9.79% | +4.11% |
Volatility
ON vs. IFX.DE - Volatility Comparison
ON Semiconductor Corporation (ON) has a higher volatility of 23.24% compared to Infineon Technologies AG (IFX.DE) at 20.15%. This indicates that ON's price experiences larger fluctuations and is considered to be riskier than IFX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ON | IFX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.24% | 20.15% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 39.22% | 36.41% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.86% | 44.21% | +9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.20% | 41.26% | +11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.05% | 39.24% | +11.81% |
Dividends
ON vs. IFX.DE - Dividend Comparison
ON has not paid dividends to shareholders, while IFX.DE's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFX.DE Infineon Technologies AG | 0.41% | 0.93% | 1.11% | 0.85% | 0.95% | 0.54% | 0.86% | 1.33% | 1.44% | 0.96% | 1.21% | 1.33% |
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. IFX.DE - Financials Comparison
This section allows you to compare key financial metrics between ON Semiconductor Corporation and Infineon Technologies 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.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ON and IFX.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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