Correlation
The correlation between WOLF and ON is 0.55, 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.
WOLF vs. ON
Compare and contrast key facts about Wolfspeed, Inc. (WOLF) and ON Semiconductor Corporation (ON).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WOLF or ON.
Performance
WOLF vs. ON - Performance Comparison
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Key characteristics
WOLF:
-0.59
ON:
-0.72
WOLF:
-1.34
ON:
-0.97
WOLF:
0.82
ON:
0.89
WOLF:
-0.96
ON:
-0.61
WOLF:
-1.39
ON:
-1.52
WOLF:
68.96%
ON:
28.34%
WOLF:
162.10%
ON:
57.95%
WOLF:
-99.16%
ON:
-96.36%
WOLF:
-99.16%
ON:
-61.12%
Fundamentals
WOLF:
$185.20M
ON:
$17.56B
WOLF:
-$8.26
ON:
$1.44
WOLF:
0.24
ON:
2.63
WOLF:
0.87
ON:
2.19
WOLF:
$761.30M
ON:
$6.67B
WOLF:
-$93.70M
ON:
$2.64B
WOLF:
-$725.10M
ON:
$1.30B
Returns By Period
In the year-to-date period, WOLF achieves a -82.13% return, which is significantly lower than ON's -33.35% return. Over the past 10 years, WOLF has underperformed ON with an annualized return of -27.70%, while ON has yielded a comparatively higher 12.47% annualized return.
WOLF
-82.13%
-66.94%
-87.58%
-95.37%
-74.90%
-53.14%
-27.70%
ON
-33.35%
6.11%
-40.92%
-42.47%
-11.53%
20.57%
12.47%
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Risk-Adjusted Performance
WOLF vs. ON — Risk-Adjusted Performance Rank
WOLF
ON
WOLF vs. ON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wolfspeed, Inc. (WOLF) 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.
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Dividends
WOLF vs. ON - Dividend Comparison
Neither WOLF nor ON has paid dividends to shareholders.
Drawdowns
WOLF vs. ON - Drawdown Comparison
The maximum WOLF drawdown since its inception was -99.16%, roughly equal to the maximum ON drawdown of -96.36%. Use the drawdown chart below to compare losses from any high point for WOLF and ON.
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Volatility
WOLF vs. ON - Volatility Comparison
Wolfspeed, Inc. (WOLF) has a higher volatility of 106.08% compared to ON Semiconductor Corporation (ON) at 16.60%. This indicates that WOLF's price experiences larger fluctuations and is considered to be riskier than ON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
WOLF vs. ON - Financials Comparison
This section allows you to compare key financial metrics between Wolfspeed, 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