ON vs. PWR
ON (ON Semiconductor Corporation) and PWR (Quanta Services, Inc.) are both stocks. ON operates in Semiconductors (Technology), while PWR operates in Engineering & Construction (Industrials). Over the past 10 years, ON returned 28.56%/yr vs 40.58%/yr for PWR. At a 0.39 correlation, their price movements are largely independent.
Performance
ON vs. PWR - Performance Comparison
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Returns By Period
In the year-to-date period, ON achieves a 123.27% return, which is significantly higher than PWR's 64.46% return. Over the past 10 years, ON has underperformed PWR with an annualized return of 28.56%, while PWR has yielded a comparatively higher 40.58% 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%
PWR
- 1D
- -0.19%
- 1M
- -6.87%
- YTD
- 64.46%
- 6M
- 49.89%
- 1Y
- 92.19%
- 3Y*
- 56.18%
- 5Y*
- 49.77%
- 10Y*
- 40.58%
ON vs. PWR - 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% |
PWR Quanta Services, Inc. | 64.46% | 33.70% | 46.60% | 51.70% | 24.63% | 59.50% | 77.74% | 35.84% | -22.93% | 12.22% |
Correlation
The correlation between ON and PWR is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 3, 2000 | 0.39 |
Fundamentals
ON:
$47.65B
PWR:
$105.52B
ON:
$1.42
PWR:
$7.29
ON:
85.31
PWR:
95.17
ON:
8.07
PWR:
3.51
ON:
6.53
PWR:
11.67
ON:
$6.06B
PWR:
$29.99B
ON:
$2.26B
PWR:
$4.08B
ON:
$1.21B
PWR:
$2.40B
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Return for Risk
ON vs. PWR — Risk / Return Rank
ON
PWR
ON vs. PWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ON Semiconductor Corporation (ON) and Quanta Services, Inc. (PWR). 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 | PWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 7.45 | -2.40 |
| Martin ratioReturn relative to average drawdown | 10.18 | 17.97 | -7.78 |
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 | PWR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 2.55 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 1.41 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 1.21 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.35 | -0.25 |
Drawdowns
ON vs. PWR - Drawdown Comparison
The maximum ON drawdown since its inception was -96.22%, roughly equal to the maximum PWR drawdown of -97.07%. Use the drawdown chart below to compare losses from any high point for ON and PWR.
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Drawdown Indicators
| ON | PWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -97.07% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -28.10% | -12.45% | -15.65% |
Max Drawdown (3Y)Largest decline over 3 years | -70.44% | -33.89% | -36.55% |
Max Drawdown (5Y)Largest decline over 5 years | -70.44% | -33.89% | -36.55% |
Max Drawdown (10Y)Largest decline over 10 years | -70.44% | -45.53% | -24.91% |
Current DrawdownCurrent decline from peak | -9.73% | -11.64% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -53.21% | -46.86% | -6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 5.15% | +8.75% |
Volatility
ON vs. PWR - Volatility Comparison
ON Semiconductor Corporation (ON) has a higher volatility of 23.24% compared to Quanta Services, Inc. (PWR) at 11.16%. This indicates that ON's price experiences larger fluctuations and is considered to be riskier than PWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ON | PWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.24% | 11.16% | +12.08% |
Volatility (6M)Calculated over the trailing 6-month period | 39.22% | 29.60% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.86% | 36.37% | +17.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.20% | 35.62% | +17.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.05% | 33.70% | +17.35% |
Dividends
ON vs. PWR - Dividend Comparison
ON has not paid dividends to shareholders, while PWR's dividend yield for the trailing twelve months is around 0.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ON ON Semiconductor Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PWR Quanta Services, Inc. | 0.06% | 0.09% | 0.09% | 0.15% | 0.25% | 0.16% | 0.29% | 0.42% | 0.13% |
Financials
ON vs. PWR - Financials Comparison
This section allows you to compare key financial metrics between ON Semiconductor Corporation and Quanta Services, 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. PWR - 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%.
PWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported a gross profit of 1.11B and revenue of 7.87B. Therefore, the gross margin over that period was 14.1%.
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%.
PWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported an operating income of 338.78M and revenue of 7.87B, resulting in an operating margin of 4.3%.
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%.
PWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported a net income of 220.63M and revenue of 7.87B, resulting in a net margin of 2.8%.
Frequently Asked Questions
ON and PWR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ON has higher volatility (23.24%) compared to PWR (11.16%). In terms of maximum drawdown, ON dropped -96.22% vs PWR's -97.07%.
ON currently has the higher Sharpe Ratio (2.64 vs 2.55), 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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