PFE vs. ONON
PFE (Pfizer Inc.) and ONON (On Holding AG) are both stocks. PFE operates in Drug Manufacturers - General (Healthcare), while ONON operates in Apparel Retail (Consumer Cyclical). Over the past 3 years, PFE returned -7.78%/yr vs 9.06%/yr for ONON. At a 0.12 correlation, their price movements are largely independent.
Performance
PFE vs. ONON - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFE achieves a 8.79% return, which is significantly higher than ONON's -17.00% return.
PFE
- 1D
- 0.15%
- 1M
- 1.79%
- YTD
- 8.79%
- 6M
- 4.79%
- 1Y
- 14.27%
- 3Y*
- -7.78%
- 5Y*
- -3.35%
- 10Y*
- 2.11%
ONON
- 1D
- -1.61%
- 1M
- 4.72%
- YTD
- -17.00%
- 6M
- -20.88%
- 1Y
- -26.18%
- 3Y*
- 9.06%
- 5Y*
- —
- 10Y*
- —
PFE vs. ONON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFE Pfizer Inc. | 8.79% | 0.65% | -2.22% | -41.26% | -10.41% | 33.23% |
ONON On Holding AG | -17.00% | -15.14% | 103.08% | 57.17% | -54.62% | 6.81% |
Correlation
The correlation between PFE and ONON is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.12 |
Fundamentals
PFE:
$150.21B
ONON:
$12.95B
PFE:
$1.31
ONON:
CHF 0.75
PFE:
19.98
ONON:
40.87
PFE:
0.36
ONON:
0.60
PFE:
2.36
ONON:
3.29
PFE:
1.67
ONON:
5.83
PFE:
$63.32B
ONON:
CHF 3.13B
PFE:
$43.91B
ONON:
CHF 2.00B
PFE:
$16.94B
ONON:
CHF 422.52M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PFE vs. ONON — Risk / Return Rank
PFE
ONON
PFE vs. ONON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pfizer Inc. (PFE) and On Holding AG (ONON). 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.
| PFE | ONON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.90 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.75 | +1.87 |
| Martin ratioReturn relative to average drawdown | 2.27 | -1.37 | +3.64 |
Loading charts...
Drawdowns
PFE vs. ONON - Drawdown Comparison
The maximum PFE drawdown since its inception was -69.24%, roughly equal to the maximum ONON drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for PFE and ONON.
Loading charts...
Drawdown Indicators
| PFE | ONON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.24% | -68.90% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -41.35% | +29.88% |
Max Drawdown (3Y)Largest decline over 3 years | -40.43% | -49.89% | +9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -58.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.96% | — | — |
Current DrawdownCurrent decline from peak | -45.68% | -39.36% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -22.90% | -36.00% | +13.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 24.17% | -18.47% |
Volatility
PFE vs. ONON - Volatility Comparison
The current volatility for Pfizer Inc. (PFE) is 5.07%, while On Holding AG (ONON) has a volatility of 10.19%. This indicates that PFE experiences smaller price fluctuations and is considered to be less risky than ONON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PFE | ONON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 10.19% | -5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.62% | 31.15% | -16.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 45.23% | -21.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.48% | 57.14% | -31.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.89% | 57.14% | -33.25% |
Dividends
PFE vs. ONON - Dividend Comparison
PFE's dividend yield for the trailing twelve months is around 6.56%, while ONON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PFE Pfizer Inc. | 6.56% | 6.91% | 6.33% | 5.70% | 3.12% | 2.64% | 3.92% | 3.68% | 3.12% | 3.53% | 3.69% | 3.47% |
Financials
PFE vs. ONON - Financials Comparison
This section allows you to compare key financial metrics between Pfizer Inc. and On Holding AG. 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
PFE vs. ONON - Profitability Comparison
PFE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pfizer Inc. reported a gross profit of 9.72B and revenue of 14.45B. Therefore, the gross margin over that period was 67.3%.
ONON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, On Holding AG reported a gross profit of 546.22M and revenue of 850.46M. Therefore, the gross margin over that period was 64.2%.
PFE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pfizer Inc. reported an operating income of 4.03B and revenue of 14.45B, resulting in an operating margin of 27.9%.
ONON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, On Holding AG reported an operating income of 120.02M and revenue of 850.46M, resulting in an operating margin of 14.1%.
PFE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pfizer Inc. reported a net income of 2.69B and revenue of 14.45B, resulting in a net margin of 18.6%.
ONON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, On Holding AG reported a net income of 105.60M and revenue of 850.46M, resulting in a net margin of 12.4%.
Frequently Asked Questions
PFE and ONON have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONON has higher volatility (10.19%) compared to PFE (5.07%). In terms of maximum drawdown, PFE dropped -69.24% vs ONON's -68.90%.
PFE currently has the higher Sharpe Ratio (0.54 vs -0.68), 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.
Find the right allocation for PFE and ONON
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer