ON correlations (ON Semiconductor)
Every correlation that matters for ON: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Information Technology · Semiconductors
Volatility (ann.)
49.2%
3y weekly
Beta vs S&P 500
1.61
3y weekly
1-year return
+46.0%
price, adjusted
5-year return
+65.2%
price, adjusted
Market cap
$29.1B
latest
P/E ratio
47.9
trailing
Max drawdown
-67.9%
3y, daily closes
ON over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with ON
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| NXPI | NXP Semiconductors | 0.72 | |
| MCHP | Microchip Technology | 0.69 | |
| ADI | Analog Devices | 0.68 | |
| STM | STMicroelectronics N.V. | 0.66 | |
| TXN | Texas Instruments | 0.65 | |
| SOXX | iShares Semiconductor ETF | 0.65 | |
| POWI | Power Integrations, Inc. | 0.63 | |
| DIOD | Diodes Incorporated | 0.62 | |
| ALGM | Allegro MicroSystems, Inc. | 0.61 | |
| SYNA | Synaptics Incorporated | 0.59 | |
| SMH | VanEck Semiconductor ETF | 0.59 | |
| VSH | Vishay Intertechnology, Inc. | 0.58 | |
| COHU | Cohu, Inc. | 0.58 | |
| GFS | GlobalFoundries Inc. | 0.57 | |
| LSCC | Lattice Semiconductor Corporation | 0.57 |
Best diversifiers for ON
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from ON.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.40 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.39 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.32 | |
| PPC | Pilgrim's Pride Corporation | -0.26 | |
| CAG | ConAgra Brands, Inc. | -0.23 | |
| HURN | Huron Consulting Group Inc. | -0.23 | |
| EHGO | Eshallgo Inc. - Class A | -0.23 | |
| COR | Cencora | -0.21 | |
| MRSH | Marsh McLennan | -0.20 | |
| ED | Consolidated Edison | -0.20 |
ON vs benchmarks
ON vs its peers
Get ON data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/on.jsonCorrelations, diversifiers, beta and volatility for ON, plus one endpoint per pair. API documentation.
