ON vs. WOLF
ON (ON Semiconductor Corporation) and WOLF (Wolfspeed, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. At a 0.46 correlation, their price movements are largely independent.
Performance
ON vs. WOLF - Performance Comparison
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Returns By Period
In the year-to-date period, ON achieves a 116.18% return, which is significantly lower than WOLF's 180.93% return.
ON
- 1D
- -11.01%
- 1M
- 0.74%
- YTD
- 116.18%
- 6M
- 110.20%
- 1Y
- 120.16%
- 3Y*
- 10.18%
- 5Y*
- 25.39%
- 10Y*
- 29.12%
WOLF
- 1D
- -7.66%
- 1M
- -30.02%
- YTD
- 180.93%
- 6M
- 166.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ON vs. WOLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ON ON Semiconductor Corporation | 116.18% | 7.95% |
WOLF Wolfspeed, Inc. | 180.93% | -3.28% |
Correlation
The correlation between ON and WOLF is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | 0.46 |
Fundamentals
ON:
$46.13B
WOLF:
$19.21B
ON:
$1.42
WOLF:
-$11.53
ON:
7.82
WOLF:
9.42
ON:
6.32
WOLF:
18.80
ON:
$6.06B
WOLF:
$712.50M
ON:
$2.26B
WOLF:
-$208.10M
ON:
$1.21B
WOLF:
-$1.26B
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Return for Risk
ON vs. WOLF — Risk / Return Rank
ON
WOLF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ON vs. WOLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ON Semiconductor Corporation (ON) and Wolfspeed, Inc. (WOLF). 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 | WOLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | — | — |
| Martin ratioReturn relative to average drawdown | 8.55 | — | — |
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Drawdowns
ON vs. WOLF - Drawdown Comparison
The maximum ON drawdown since its inception was -96.34%, which is greater than WOLF's maximum drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for ON and WOLF.
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Drawdown Indicators
| ON | WOLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.34% | -58.22% | -38.12% |
Max Drawdown (1Y)Largest decline over 1 year | -28.10% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -70.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -70.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.44% | — | — |
Current DrawdownCurrent decline from peak | -12.60% | -33.46% | +20.86% |
Average DrawdownAverage peak-to-trough decline | -53.87% | -34.65% | -19.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.10% | — | — |
Volatility
ON vs. WOLF - Volatility Comparison
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Volatility by Period
| ON | WOLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 44.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.90% | 125.98% | -69.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.00% | 125.98% | -71.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.40% | 125.98% | -74.58% |
Dividends
ON vs. WOLF - Dividend Comparison
Neither ON nor WOLF has paid dividends to shareholders.
Financials
ON vs. WOLF - Financials Comparison
This section allows you to compare key financial metrics between ON Semiconductor Corporation and Wolfspeed, 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. WOLF - 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%.
WOLF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wolfspeed, Inc. reported a gross profit of -27.00M and revenue of 150.20M. Therefore, the gross margin over that period was -18.0%.
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%.
WOLF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wolfspeed, Inc. reported an operating income of -101.30M and revenue of 150.20M, resulting in an operating margin of -67.4%.
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%.
WOLF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wolfspeed, Inc. reported a net income of -119.90M and revenue of 150.20M, resulting in a net margin of -79.8%.
Frequently Asked Questions
ON and WOLF have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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