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ONON vs. NKE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

ONON vs. NKE

Last updated May 20, 2025

Compare and contrast key facts about On Holding AG (ONON) and NIKE, Inc. (NKE).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONON or NKE.

Correlation

The correlation between ONON and NKE is 0.57, 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.

Performance

ONON vs. NKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in On Holding AG (ONON) and NIKE, Inc. (NKE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ONON:

1.19

NKE:

-0.78

Sortino Ratio

ONON:

1.97

NKE:

-0.88

Omega Ratio

ONON:

1.25

NKE:

0.86

Calmar Ratio

ONON:

1.59

NKE:

-0.45

Martin Ratio

ONON:

4.39

NKE:

-1.34

Ulcer Index

ONON:

14.75%

NKE:

23.20%

Daily Std Dev

ONON:

48.58%

NKE:

40.68%

Max Drawdown

ONON:

-68.90%

NKE:

-75.58%

Current Drawdown

ONON:

-5.71%

NKE:

-63.33%

Fundamentals

Market Cap

ONON:

$19.53B

NKE:

$93.15B

EPS

ONON:

$0.75

NKE:

$3.01

PE Ratio

ONON:

79.87

NKE:

20.97

PS Ratio

ONON:

7.70

NKE:

1.95

PB Ratio

ONON:

11.28

NKE:

6.65

Total Revenue (TTM)

ONON:

$2.54B

NKE:

$47.82B

Gross Profit (TTM)

ONON:

$1.54B

NKE:

$20.96B

EBITDA (TTM)

ONON:

$353.70M

NKE:

$4.77B

Returns By Period

In the year-to-date period, ONON achieves a 9.53% return, which is significantly higher than NKE's -17.54% return.

ONON

YTD

9.53%

1M

41.15%

6M

16.51%

1Y

57.37%

3Y*

44.34%

5Y*

N/A

10Y*

N/A

NKE

YTD

-17.54%

1M

11.33%

6M

-16.26%

1Y

-31.39%

3Y*

-15.64%

5Y*

-6.64%

10Y*

2.95%

*Annualized

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On Holding AG

NIKE, Inc.

Risk-Adjusted Performance

ONON vs. NKE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONON
The Risk-Adjusted Performance Rank of ONON is 8686
Overall Rank
The Sharpe Ratio Rank of ONON is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of ONON is 8585
Sortino Ratio Rank
The Omega Ratio Rank of ONON is 8383
Omega Ratio Rank
The Calmar Ratio Rank of ONON is 9090
Calmar Ratio Rank
The Martin Ratio Rank of ONON is 8484
Martin Ratio Rank
NKE
The Risk-Adjusted Performance Rank of NKE is 1414
Overall Rank
The Sharpe Ratio Rank of NKE is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of NKE is 1414
Sortino Ratio Rank
The Omega Ratio Rank of NKE is 1111
Omega Ratio Rank
The Calmar Ratio Rank of NKE is 2121
Calmar Ratio Rank
The Martin Ratio Rank of NKE is 1111
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ONON vs. NKE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for On Holding AG (ONON) and NIKE, Inc. (NKE). 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.

The current ONON Sharpe Ratio is 1.19, which is higher than the NKE Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of ONON and NKE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

ONON vs. NKE - Dividend Comparison

ONON has not paid dividends to shareholders, while NKE's dividend yield for the trailing twelve months is around 2.48%.

TTM20242023202220212020201920182017201620152014
ONON
On Holding AG		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NKE
NIKE, Inc.		2.48%2.00%1.28%1.07%0.68%0.71%0.89%1.11%1.18%1.30%0.93%1.04%

Drawdowns

ONON vs. NKE - Drawdown Comparison

The maximum ONON drawdown since its inception was -68.90%, smaller than the maximum NKE drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for ONON and NKE. For additional features, visit the drawdowns tool.

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Volatility

ONON vs. NKE - Volatility Comparison

On Holding AG (ONON) has a higher volatility of 13.33% compared to NIKE, Inc. (NKE) at 9.66%. This indicates that ONON's price experiences larger fluctuations and is considered to be riskier than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

ONON vs. NKE - Financials Comparison

This section allows you to compare key financial metrics between On Holding AG and NIKE, 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.002.00B4.00B6.00B8.00B10.00B12.00B14.00B20212022202320242025
726.60M
11.27B
(ONON) Total Revenue
(NKE) Total Revenue
Values in USD except per share items

ONON vs. NKE - Profitability Comparison

The chart below illustrates the profitability comparison between On Holding AG and NIKE, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
40.0%45.0%50.0%55.0%60.0%20212022202320242025
59.9%
41.5%
(ONON) Gross Margin
(NKE) Gross Margin
ONON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, On Holding AG reported a gross profit of 435.30M and revenue of 726.60M. Therefore, the gross margin over that period was 59.9%.

NKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, NIKE, Inc. reported a gross profit of 4.68B and revenue of 11.27B. Therefore, the gross margin over that period was 41.5%.

ONON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, On Holding AG reported an operating income of 77.00M and revenue of 726.60M, resulting in an operating margin of 10.6%.

NKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, NIKE, Inc. reported an operating income of 788.00M and revenue of 11.27B, resulting in an operating margin of 7.0%.

ONON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, On Holding AG reported a net income of 56.70M and revenue of 726.60M, resulting in a net margin of 7.8%.

NKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, NIKE, Inc. reported a net income of 794.00M and revenue of 11.27B, resulting in a net margin of 7.1%.