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ALGN vs ONON

Comparison between Align Technology Inc (ALGN, Company) and On Holding AG Class A (ONON, Company).

ALGN is from the Healthcare sector, while ONON is from the Consumer Cyclical sector.

5-Year PerformanceONON has outperformed ALGN, delivering a return of +2.2% compared to -21.3%

ALGN vs ONON - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap
ALGN
$13B
Winner
ONON
$13B
Max Drawdown
ALGN
92.30%
Winner
ONON
68.90%
Sharpe Ratio
Winner
ALGN
0.31
ONON
-0.51
5Y Beta
Winner
ALGN
1.34
ONON
1.39
Industry
ALGN
Medical Instruments & Supplies
ONON
Footwear & Accessories
P/E Ratio
Winner
ALGN
30.43
ONON
41.02
Forward P/E
Winner
ALGN
15.80
ONON
23.42
PEG Ratio
ALGN
3.67
Winner
ONON
1.11
5Y EPS CAGR
ALGN
0.63%
ONON
N/A
Debt to Equity
Winner
ALGN
0.00%
ONON
33.86%
Free Cash Flow Yield
Winner
ALGN
4.48%
ONON
2.96%

ALGN vs ONON - Historical Returns

Returns include dividend reinvestment.

1M
Winner
ALGN
+14.67%
ONON
+2.05%
3M
Winner
ALGN
+5.61%
ONON
-0.44%
6M
Winner
ALGN
+12.78%
ONON
-19.77%
1Y
Winner
ALGN
+1.15%
ONON
-25.04%
5Y(CAGR)
ALGN
-21.26%
Winner
ONON
+2.24%
10Y(CAGR)
ALGN
+8.68%
ONON
N/A
Max(CAGR)
Winner
ALGN
+9.82%
ONON
+2.24%

ALGN vs ONON - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

YearALGNONON
2026+16.70%-17.19%
2025-25.10%-16.06%
2024-22.46%+104.67%
2023+29.07%+58.00%
2022-67.46%-55.64%
2021+24.83%+8.03%
2020+88.37%N/A
2019+38.06%N/A
2018-6.76%N/A
2017+129.16%N/A
2016+49.57%N/A
2015+17.17%N/A
2014-1.84%N/A
2013+101.20%N/A
2012+15.87%N/A
2011+19.40%N/A
2010+5.62%N/A
2009+100.45%N/A
2008-46.87%N/A
2007+24.94%N/A
2006+122.45%N/A
2005-38.73%N/A
2004-35.59%N/A
2003+502.77%N/A
2002-35.79%N/A
2001-73.34%N/A

ALGN vs ONON Drawdown Comparison

The maximum drawdown for ALGN was -92.30%, occurring on Nov 13, 2002. Recovery took 692 trading sessions.

The maximum drawdown for ONON was -68.90%, occurring on Oct 10, 2022. Recovery took 717 trading sessions.

The current ALGN drawdown is -75.05%. The current ONON drawdown is -38.89%.

RankALGNONON
#1-92.30%
Jan 30, 2001 - Nov 3, 2003		-68.90%
Nov 17, 2021 - Sep 26, 2024
#2-82.89%
Sep 8, 2021 - Sep 25, 2025		-49.89%
Jan 30, 2025 - Mar 30, 2026
#3-82.58%
Oct 24, 2007 - Apr 24, 2012		-25.31%
Sep 17, 2021 - Nov 5, 2021
#4-75.18%
Apr 19, 2004 - Apr 26, 2007		-10.53%
Oct 8, 2024 - Nov 11, 2024
#5-64.95%
Sep 25, 2018 - Oct 22, 2020		-8.46%
Dec 3, 2024 - Jan 21, 2025
#6-35.18%
Sep 13, 2012 - Jul 10, 2013		-7.04%
Nov 5, 2021 - Nov 16, 2021
#7-30.62%
Jan 17, 2014 - Jun 16, 2015		-4.58%
Sep 26, 2024 - Oct 4, 2024
#8-22.28%
Jan 26, 2018 - May 11, 2018		-3.49%
Nov 14, 2024 - Nov 19, 2024
#9-20.05%
Feb 5, 2021 - Apr 27, 2021		-2.53%
Oct 4, 2024 - Oct 8, 2024
#10-18.56%
Jul 25, 2007 - Oct 4, 2007		-2.32%
Jan 21, 2025 - Jan 23, 2025
#11-18.32%
Jul 20, 2015 - Oct 23, 2015		-0.97%
Nov 25, 2024 - Dec 2, 2024
#12-17.71%
Jan 26, 2004 - Apr 12, 2004		-0.91%
Jan 23, 2025 - Jan 28, 2025
#13-17.21%
Nov 28, 2017 - Jan 17, 2018		-0.17%
Nov 11, 2024 - Nov 14, 2024
#14-14.67%
Dec 1, 2003 - Jan 7, 2004		N/A
#15-14.09%
Oct 26, 2015 - Mar 2, 2016		N/A

Correlation

Correlation between ALGN and ONON is -0.27 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.27
-101

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