ONC vs. SHEL
ONC (BeOne Medicines Ltd) and SHEL (Shell plc) are both stocks. ONC operates in Biotechnology (Healthcare), while SHEL operates in Oil & Gas Integrated (Energy). Over the past 10 years, ONC returned 28.51%/yr vs 10.72%/yr for SHEL. Their 0.13 correlation means their historical movements had little consistent relationship.
Performance
ONC vs. SHEL - Performance Comparison
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Returns By Period
In the year-to-date period, ONC achieves a 4.02% return, which is significantly lower than SHEL's 27.49% return. Over the past 10 years, ONC has outperformed SHEL with an annualized return of 28.51%, while SHEL has yielded a comparatively lower 10.72% annualized return.
ONC
- 1D
- -1.88%
- 1M
- 6.17%
- 6M
- -7.16%
- YTD
- 4.02%
- 1Y
- 5.69%
- 3Y*
- 15.23%
- 5Y*
- -0.04%
- 10Y*
- 28.51%
- ALL TIME*
- 25.59%
SHEL
- 1D
- 1.62%
- 1M
- 17.89%
- 6M
- 21.62%
- YTD
- 27.49%
- 1Y
- 32.66%
- 3Y*
- 19.34%
- 5Y*
- 23.15%
- 10Y*
- 10.72%
- ALL TIME*
- 6.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $113.27M | $116.64M | $92.58M | |
SHEL Shell plc | $678.43M | $587.70M | $593.39M |
ONC vs. SHEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONC BeOne Medicines Ltd | 4.02% | 64.48% | 2.41% | -18.00% | -18.82% | 4.85% | 55.88% | 18.18% | 43.53% | 221.87% |
SHEL Shell plc | 27.49% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
Correlation
The correlation between ONC and SHEL is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2016 | 0.13 |
The correlation between ONC and SHEL shifts across timeframes, from -0.03 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ONC:
$33.77B
SHEL:
$256.45B
ONC:
$4.48
SHEL:
$9.02
ONC:
70.58
SHEL:
10.20
ONC:
6.31
SHEL:
0.89
ONC:
7.69
SHEL:
1.43
ONC:
$5.74B
SHEL:
$296.60B
ONC:
$5.07B
SHEL:
$50.77B
ONC:
$954.09M
SHEL:
$67.91B
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Return for Risk
ONC vs. SHEL — Risk / Return Rank
ONC
SHEL
ONC vs. SHEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BeOne Medicines Ltd (ONC) and Shell plc (SHEL). 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.
| ONC | SHEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.26 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.80 | -1.64 |
| Martin ratioReturn relative to average drawdown | 0.31 | 5.52 | -5.21 |
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Drawdowns
ONC vs. SHEL - Drawdown Comparison
The maximum ONC drawdown since its inception was -69.96%, roughly equal to the maximum SHEL drawdown of -71.57%. Use the drawdown chart below to compare losses from any high point for ONC and SHEL.
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Drawdown Indicators
| ONC | SHEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.96% | -71.57% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -31.05% | -17.98% | -13.07% |
Max Drawdown (3Y)Largest decline over 3 years | -39.36% | -18.47% | -20.89% |
Max Drawdown (5Y)Largest decline over 5 years | -69.96% | -25.04% | -44.92% |
Max Drawdown (10Y)Largest decline over 10 years | -69.96% | -71.57% | +1.61% |
Current DrawdownCurrent decline from peak | -21.61% | -1.42% | -20.19% |
Average DrawdownAverage peak-to-trough decline | -29.57% | -16.69% | -12.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.83% | 5.86% | +9.97% |
Volatility
ONC vs. SHEL - Volatility Comparison
BeOne Medicines Ltd (ONC) has a higher volatility of 7.82% compared to Shell plc (SHEL) at 7.11%. This indicates that ONC's price experiences larger fluctuations and is considered to be riskier than SHEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONC | SHEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 7.11% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 24.26% | 18.17% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.59% | 21.99% | +17.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.37% | 25.01% | +30.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.55% | 30.67% | +24.88% |
Dividends
ONC vs. SHEL - Dividend Comparison
ONC has not paid dividends to shareholders, while SHEL's dividend yield for the trailing twelve months is around 3.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONC BeOne Medicines Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHEL Shell plc | 3.22% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
ONC vs. SHEL - Financials Comparison
This section allows you to compare key financial metrics between BeOne Medicines Ltd and Shell plc. 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
ONC vs. SHEL - Profitability Comparison
ONC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, BeOne Medicines Ltd reported a gross profit of 1.35B and revenue of 1.51B. Therefore, the gross margin over that period was 89.0%.
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Shell plc reported a gross profit of 18.48B and revenue of 94.66B. Therefore, the gross margin over that period was 19.5%.
ONC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, BeOne Medicines Ltd reported an operating income of 249.90M and revenue of 1.51B, resulting in an operating margin of 16.5%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Shell plc reported an operating income of 15.18B and revenue of 94.66B, resulting in an operating margin of 16.0%.
ONC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, BeOne Medicines Ltd reported a net income of 227.36M and revenue of 1.51B, resulting in a net margin of 15.0%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Shell plc reported a net income of 10.82B and revenue of 94.66B, resulting in a net margin of 11.4%.
Frequently Asked Questions
ONC and SHEL have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONC has higher volatility (7.82%) compared to SHEL (7.11%). In terms of maximum drawdown, ONC dropped -69.96% vs SHEL's -71.57%.
SHEL currently has the higher Sharpe Ratio (1.48 vs 0.13), 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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