QRVO vs. ON
QRVO (Qorvo, Inc.) and ON (ON Semiconductor Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, QRVO returned 3.96%/yr vs 23.72%/yr for ON. Their 0.66 correlation means they have sometimes moved together and sometimes differently.
Performance
QRVO vs. ON - Performance Comparison
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Returns By Period
In the year-to-date period, QRVO achieves a 7.17% return, which is significantly lower than ON's 50.71% return. Over the past 10 years, QRVO has underperformed ON with an annualized return of 3.96%, while ON has yielded a comparatively higher 23.72% annualized return.
QRVO
- 1D
- -0.19%
- 1M
- 3.43%
- 6M
- 15.95%
- YTD
- 7.17%
- 1Y
- 7.68%
- 3Y*
- -6.33%
- 5Y*
- -13.74%
- 10Y*
- 3.96%
- ALL TIME*
- 2.38%
ON
- 1D
- -2.54%
- 1M
- -10.53%
- 6M
- 36.27%
- YTD
- 50.71%
- 1Y
- 43.63%
- 3Y*
- -8.94%
- 5Y*
- 15.88%
- 10Y*
- 23.72%
- ALL TIME*
- 4.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $734.43M | $864.80M | $1.33B | |
QRVO Qorvo, Inc. | $118.76M | $101.82M | $122.06M |
QRVO vs. ON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QRVO Qorvo, Inc. | 7.17% | 20.85% | -37.90% | 24.24% | -42.04% | -5.94% | 43.05% | 91.39% | -8.81% | 26.30% |
ON ON Semiconductor Corporation | 50.71% | -14.12% | -24.52% | 33.93% | -8.17% | 107.52% | 34.25% | 47.67% | -21.16% | 64.11% |
Correlation
The correlation between QRVO and ON is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.66 |
The correlation between QRVO and ON shifts across timeframes, from 0.57 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
QRVO:
$7.99B
ON:
$31.76B
QRVO:
$4.32
ON:
$1.43
QRVO:
20.96
ON:
57.11
QRVO:
2.30
ON:
5.40
QRVO:
2.33
ON:
4.40
QRVO:
$3.64B
ON:
$6.06B
QRVO:
$1.76B
ON:
$2.26B
QRVO:
$708.89M
ON:
$1.21B
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Return for Risk
QRVO vs. ON — Risk / Return Rank
QRVO
ON
QRVO vs. ON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Qorvo, Inc. (QRVO) and ON Semiconductor Corporation (ON). 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.
| QRVO | ON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.09 | -0.74 |
| Martin ratioReturn relative to average drawdown | 0.65 | 3.12 | -2.47 |
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Drawdowns
QRVO vs. ON - Drawdown Comparison
The maximum QRVO drawdown since its inception was -74.54%, smaller than the maximum ON drawdown of -96.34%. Use the drawdown chart below to compare losses from any high point for QRVO and ON.
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Drawdown Indicators
| QRVO | ON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.54% | -96.34% | +21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -23.76% | -41.12% | +17.36% |
Max Drawdown (3Y)Largest decline over 3 years | -60.68% | -69.16% | +8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -70.44% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -74.54% | -70.44% | -4.10% |
Current DrawdownCurrent decline from peak | -54.61% | -39.07% | -15.54% |
Average DrawdownAverage peak-to-trough decline | -32.16% | -53.78% | +21.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.76% | 14.40% | -1.64% |
Volatility
QRVO vs. ON - Volatility Comparison
The current volatility for Qorvo, Inc. (QRVO) is 9.74%, while ON Semiconductor Corporation (ON) has a volatility of 17.99%. This indicates that QRVO experiences smaller price fluctuations and is considered to be less risky than ON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRVO | ON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 17.99% | -8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 54.11% | -27.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.33% | 63.32% | -26.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.39% | 55.46% | -13.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.94% | 52.10% | -10.16% |
Dividends
QRVO vs. ON - Dividend Comparison
Neither QRVO nor ON has paid dividends to shareholders.
Financials
QRVO vs. ON - Financials Comparison
This section allows you to compare key financial metrics between Qorvo, Inc. and ON Semiconductor Corporation. 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
QRVO vs. ON - Profitability Comparison
QRVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Qorvo, Inc. reported a gross profit of 400.97M and revenue of 784.80M. Therefore, the gross margin over that period was 51.1%.
ON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
QRVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Qorvo, Inc. reported an operating income of 96.77M and revenue of 784.80M, resulting in an operating margin of 12.3%.
ON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, ON Semiconductor Corporation reported an operating income of -53.40M and revenue of 1.51B, resulting in an operating margin of -3.5%.
QRVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Qorvo, Inc. reported a net income of 85.80M and revenue of 784.80M, resulting in a net margin of 10.9%.
ON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, ON Semiconductor Corporation reported a net income of -33.40M and revenue of 1.51B, resulting in a net margin of -2.2%.
Frequently Asked Questions
QRVO and ON have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ON has higher volatility (17.99%) compared to QRVO (9.74%). In terms of maximum drawdown, QRVO dropped -74.54% vs ON's -96.34%.
ON currently has the higher Sharpe Ratio (0.71 vs 0.23), 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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