YOU vs. ONON
YOU (Clear Secure, Inc.) and ONON (On Holding AG) are both stocks. YOU operates in Software - Application (Technology), while ONON operates in Apparel Retail (Consumer Cyclical). Over the past 3 years, YOU returned 36.00%/yr vs 10.29%/yr for ONON. At a 0.35 correlation, their price movements are largely independent.
Performance
YOU vs. ONON - Performance Comparison
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Returns By Period
In the year-to-date period, YOU achieves a 61.08% return, which is significantly higher than ONON's -19.28% return.
YOU
- 1D
- -1.23%
- 1M
- -0.27%
- YTD
- 61.08%
- 6M
- 69.23%
- 1Y
- 119.48%
- 3Y*
- 36.00%
- 5Y*
- —
- 10Y*
- —
ONON
- 1D
- -2.09%
- 1M
- 9.42%
- YTD
- -19.28%
- 6M
- -20.29%
- 1Y
- -35.90%
- 3Y*
- 10.29%
- 5Y*
- —
- 10Y*
- —
YOU vs. ONON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
YOU Clear Secure, Inc. | 61.08% | 35.32% | 33.41% | -21.38% | -11.87% | -29.27% |
ONON On Holding AG | -19.28% | -15.14% | 103.08% | 57.17% | -54.62% | 8.03% |
Correlation
The correlation between YOU and ONON is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.35 |
The correlation between YOU and ONON shifts across timeframes, from 0.17 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
YOU:
$5.67B
ONON:
$12.59B
YOU:
$1.73
ONON:
$0.75
YOU:
32.48
ONON:
49.94
YOU:
0.15
ONON:
0.73
YOU:
5.82
ONON:
4.02
YOU:
30.57
ONON:
7.13
YOU:
$942.41M
ONON:
$3.13B
YOU:
$858.00M
ONON:
$2.00B
YOU:
$265.98M
ONON:
$422.52M
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Return for Risk
YOU vs. ONON — Risk / Return Rank
YOU
ONON
YOU vs. ONON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clear Secure, Inc. (YOU) 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.
| YOU | ONON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.80 | ||
| Sortino ratioReturn per unit of downside risk | +4.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.87 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | -0.80 | +6.05 |
| Martin ratioReturn relative to average drawdown | 11.73 | -1.37 | +13.10 |
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
| YOU | ONON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | -0.80 | +2.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.03 | +0.13 |
Drawdowns
YOU vs. ONON - Drawdown Comparison
The maximum YOU drawdown since its inception was -72.90%, which is greater than ONON's maximum drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for YOU and ONON.
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Drawdown Indicators
| YOU | ONON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.90% | -68.90% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -22.91% | -45.06% | +22.15% |
Max Drawdown (3Y)Largest decline over 3 years | -42.21% | -49.89% | +7.68% |
Current DrawdownCurrent decline from peak | -10.07% | -41.02% | +30.95% |
Average DrawdownAverage peak-to-trough decline | -50.48% | -36.01% | -14.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | 26.81% | -16.59% |
Volatility
YOU vs. ONON - Volatility Comparison
Clear Secure, Inc. (YOU) has a higher volatility of 15.89% compared to On Holding AG (ONON) at 11.63%. This indicates that YOU's price experiences larger fluctuations and is considered to be riskier than ONON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YOU | ONON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.89% | 11.63% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 48.82% | 31.55% | +17.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.12% | 45.02% | +15.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.06% | 57.29% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.06% | 57.29% | +4.77% |
Dividends
YOU vs. ONON - Dividend Comparison
YOU's dividend yield for the trailing twelve months is around 1.29%, while ONON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ONON On Holding AG | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YOU Clear Secure, Inc. | 1.29% | 2.19% | 2.76% | 4.41% | 0.91% |
Financials
YOU vs. ONON - Financials Comparison
This section allows you to compare key financial metrics between Clear Secure, 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
YOU vs. ONON - Profitability Comparison
YOU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clear Secure, Inc. reported a gross profit of 216.13M and revenue of 253.00M. Therefore, the gross margin over that period was 85.4%.
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%.
YOU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clear Secure, Inc. reported an operating income of 62.00M and revenue of 253.00M, resulting in an operating margin of 24.5%.
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%.
YOU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clear Secure, Inc. reported a net income of 85.11M and revenue of 253.00M, resulting in a net margin of 33.6%.
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
YOU and ONON have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YOU has higher volatility (15.89%) compared to ONON (11.63%). In terms of maximum drawdown, YOU dropped -72.90% vs ONON's -68.90%.
YOU currently has the higher Sharpe Ratio (2.00 vs -0.80), 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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