ONON vs. GLBE
Compare and contrast key facts about On Holding AG (ONON) and Global-e Online Ltd. (GLBE).
Performance
ONON vs. GLBE - Performance Comparison
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ONON vs. GLBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ONON On Holding AG | -25.19% | -15.14% | 103.08% | 57.17% | -54.62% | 8.03% |
GLBE Global-e Online Ltd. | -21.52% | -27.91% | 37.60% | 92.01% | -67.44% | -5.98% |
Fundamentals
ONON:
$11.62B
GLBE:
$5.43B
ONON:
$0.61
GLBE:
$0.39
ONON:
57.42
GLBE:
78.60
ONON:
0.84
GLBE:
0.01
ONON:
3.88
GLBE:
5.58
ONON:
7.11
GLBE:
5.82
ONON:
$3.01B
GLBE:
$962.20M
ONON:
$1.89B
GLBE:
$436.25M
ONON:
$364.21M
GLBE:
$129.67M
Returns By Period
In the year-to-date period, ONON achieves a -25.19% return, which is significantly lower than GLBE's -21.52% return.
ONON
- 1D
- 2.20%
- 1M
- -25.64%
- YTD
- -25.19%
- 6M
- -15.11%
- 1Y
- -18.57%
- 3Y*
- 3.87%
- 5Y*
- —
- 10Y*
- —
GLBE
- 1D
- 7.72%
- 1M
- -10.92%
- YTD
- -21.52%
- 6M
- -11.48%
- 1Y
- -14.28%
- 3Y*
- -1.45%
- 5Y*
- —
- 10Y*
- —
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Return for Risk
ONON vs. GLBE — Risk / Return Rank
ONON
GLBE
ONON vs. GLBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for On Holding AG (ONON) and Global-e Online Ltd. (GLBE). 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.
| ONON | GLBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.36 | -0.24 | -0.12 |
Sortino ratioReturn per unit of downside risk | -0.21 | 0.02 | -0.24 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.00 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.42 | -0.02 |
Martin ratioReturn relative to average drawdown | -0.87 | -0.77 | -0.10 |
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
| ONON | GLBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | -0.24 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.06 | -0.06 |
Correlation
The correlation between ONON and GLBE is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ONON vs. GLBE - Dividend Comparison
Neither ONON nor GLBE has paid dividends to shareholders.
Drawdowns
ONON vs. GLBE - Drawdown Comparison
The maximum ONON drawdown since its inception was -68.90%, smaller than the maximum GLBE drawdown of -79.10%. Use the drawdown chart below to compare losses from any high point for ONON and GLBE.
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Drawdown Indicators
| ONON | GLBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -79.10% | +10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -47.46% | -32.44% | -15.02% |
Current DrawdownCurrent decline from peak | -45.35% | -62.24% | +16.89% |
Average DrawdownAverage peak-to-trough decline | -35.74% | -51.93% | +16.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.01% | 17.64% | +6.37% |
Volatility
ONON vs. GLBE - Volatility Comparison
On Holding AG (ONON) has a higher volatility of 19.44% compared to Global-e Online Ltd. (GLBE) at 13.78%. This indicates that ONON's price experiences larger fluctuations and is considered to be riskier than GLBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONON | GLBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.44% | 13.78% | +5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 35.22% | 33.69% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.62% | 55.63% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.84% | 68.77% | -10.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.84% | 68.77% | -10.93% |
Financials
ONON vs. GLBE - Financials Comparison
This section allows you to compare key financial metrics between On Holding AG and Global-e Online Ltd.. 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
ONON vs. GLBE - Profitability Comparison
ONON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, On Holding AG reported a gross profit of 471.69M and revenue of 738.15M. Therefore, the gross margin over that period was 63.9%.
GLBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Global-e Online Ltd. reported a gross profit of 154.85M and revenue of 336.66M. Therefore, the gross margin over that period was 46.0%.
ONON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, On Holding AG reported an operating income of 81.87M and revenue of 738.15M, resulting in an operating margin of 11.1%.
GLBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Global-e Online Ltd. reported an operating income of 63.27M and revenue of 336.66M, resulting in an operating margin of 18.8%.
ONON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, On Holding AG reported a net income of 68.57M and revenue of 738.15M, resulting in a net margin of 9.3%.
GLBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Global-e Online Ltd. reported a net income of 62.45M and revenue of 336.66M, resulting in a net margin of 18.6%.