ON vs. LRCX
ON (ON Semiconductor Corporation) and LRCX (Lam Research Corporation) are both stocks. Both are in the Technology sector — ON in Semiconductors, LRCX in Semiconductor Equipment & Materials. Over the past 10 years, ON returned 28.16%/yr vs 48.23%/yr for LRCX. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
ON vs. LRCX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ON having a 115.68% return and LRCX slightly lower at 114.54%. Over the past 10 years, ON has underperformed LRCX with an annualized return of 28.16%, while LRCX has yielded a comparatively higher 48.23% annualized return.
ON
- 1D
- 0.72%
- 1M
- 0.93%
- YTD
- 115.68%
- 6M
- 112.50%
- 1Y
- 120.44%
- 3Y*
- 8.02%
- 5Y*
- 25.32%
- 10Y*
- 28.16%
LRCX
- 1D
- 1.18%
- 1M
- 24.16%
- YTD
- 114.54%
- 6M
- 128.79%
- 1Y
- 303.12%
- 3Y*
- 81.91%
- 5Y*
- 43.22%
- 10Y*
- 48.23%
ON vs. LRCX - 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% |
LRCX Lam Research Corporation | 114.54% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
Correlation
The correlation between ON and LRCX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 2, 2000 | 0.57 |
The correlation between ON and LRCX shifts across timeframes, from 0.54 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ON:
$46.03B
LRCX:
$463.20B
ON:
$1.42
LRCX:
$5.29
ON:
82.41
LRCX:
69.37
ON:
7.80
LRCX:
21.46
ON:
6.30
LRCX:
43.76
ON:
$6.06B
LRCX:
$21.68B
ON:
$2.26B
LRCX:
$10.84B
ON:
$1.21B
LRCX:
$6.10B
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Return for Risk
ON vs. LRCX — Risk / Return Rank
ON
LRCX
ON vs. LRCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ON Semiconductor Corporation (ON) and Lam Research Corporation (LRCX). 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 | LRCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.63 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 15.26 | -10.95 |
| Martin ratioReturn relative to average drawdown | 8.63 | 51.20 | -42.57 |
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Drawdowns
ON vs. LRCX - Drawdown Comparison
The maximum ON drawdown since its inception was -96.34%, which is greater than LRCX's maximum drawdown of -87.90%. Use the drawdown chart below to compare losses from any high point for ON and LRCX.
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Drawdown Indicators
| ON | LRCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.34% | -87.90% | -8.44% |
Max Drawdown (1Y)Largest decline over 1 year | -28.10% | -20.01% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -70.44% | -47.10% | -23.34% |
Max Drawdown (5Y)Largest decline over 5 years | -70.44% | -56.39% | -14.05% |
Max Drawdown (10Y)Largest decline over 10 years | -70.44% | -56.39% | -14.05% |
Current DrawdownCurrent decline from peak | -12.80% | 0.00% | -12.80% |
Average DrawdownAverage peak-to-trough decline | -53.91% | -28.17% | -25.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 5.95% | +8.06% |
Volatility
ON vs. LRCX - Volatility Comparison
ON Semiconductor Corporation (ON) and Lam Research Corporation (LRCX) have volatilities of 22.04% and 21.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ON | LRCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.04% | 21.52% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 40.05% | 43.63% | -3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.10% | 52.78% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.32% | 46.57% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.10% | 44.92% | +6.18% |
Dividends
ON vs. LRCX - Dividend Comparison
ON has not paid dividends to shareholders, while LRCX's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRCX Lam Research Corporation | 0.28% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
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. LRCX - Financials Comparison
This section allows you to compare key financial metrics between ON Semiconductor Corporation and Lam Research Corporation. 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. LRCX - 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%.
LRCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a gross profit of 2.91B and revenue of 5.84B. Therefore, the gross margin over that period was 49.8%.
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%.
LRCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported an operating income of 2.05B and revenue of 5.84B, resulting in an operating margin of 35.0%.
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%.
LRCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a net income of 1.83B and revenue of 5.84B, resulting in a net margin of 31.3%.
Frequently Asked Questions
ON and LRCX have a correlation of 0.54, 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 LRCX (21.52%). In terms of maximum drawdown, ON dropped -96.34% vs LRCX's -87.90%.
LRCX currently has the higher Sharpe Ratio (5.79 vs 2.24), 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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