ONON vs ALGN
Comparison between On Holding AG Class A (ONON, Company) and Align Technology Inc (ALGN, Company).
ONON is from the Consumer Cyclical sector, while ALGN is from the Healthcare sector.
5-Year PerformanceONON has outperformed ALGN, delivering a return of +2.2% compared to -21.3%
ONON vs ALGN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ONON vs ALGN - Historical Returns
Returns include dividend reinvestment.
ONON vs ALGN - Annual Returns (2001 - 2026)
Returns include dividend reinvestment.
| Year | ONON | ALGN |
|---|---|---|
| 2026 | -17.19% | +16.70% |
| 2025 | -16.06% | -25.10% |
| 2024 | +104.67% | -22.46% |
| 2023 | +58.00% | +29.07% |
| 2022 | -55.64% | -67.46% |
| 2021 | +8.03% | +24.83% |
| 2020 | N/A | +88.37% |
| 2019 | N/A | +38.06% |
| 2018 | N/A | -6.76% |
| 2017 | N/A | +129.16% |
| 2016 | N/A | +49.57% |
| 2015 | N/A | +17.17% |
| 2014 | N/A | -1.84% |
| 2013 | N/A | +101.20% |
| 2012 | N/A | +15.87% |
| 2011 | N/A | +19.40% |
| 2010 | N/A | +5.62% |
| 2009 | N/A | +100.45% |
| 2008 | N/A | -46.87% |
| 2007 | N/A | +24.94% |
| 2006 | N/A | +122.45% |
| 2005 | N/A | -38.73% |
| 2004 | N/A | -35.59% |
| 2003 | N/A | +502.77% |
| 2002 | N/A | -35.79% |
| 2001 | N/A | -73.34% |
ONON vs ALGN Drawdown Comparison
The maximum drawdown for ONON was -68.90%, occurring on Oct 10, 2022. Recovery took 717 trading sessions.
The maximum drawdown for ALGN was -92.30%, occurring on Nov 13, 2002. Recovery took 692 trading sessions.
The current ONON drawdown is -38.89%. The current ALGN drawdown is -75.05%.
| Rank | ONON | ALGN |
|---|---|---|
| #1 | -68.90% Nov 17, 2021 - Sep 26, 2024 | -92.30% Jan 30, 2001 - Nov 3, 2003 |
| #2 | -49.89% Jan 30, 2025 - Mar 30, 2026 | -82.89% Sep 8, 2021 - Sep 25, 2025 |
| #3 | -25.31% Sep 17, 2021 - Nov 5, 2021 | -82.58% Oct 24, 2007 - Apr 24, 2012 |
| #4 | -10.53% Oct 8, 2024 - Nov 11, 2024 | -75.18% Apr 19, 2004 - Apr 26, 2007 |
| #5 | -8.46% Dec 3, 2024 - Jan 21, 2025 | -64.95% Sep 25, 2018 - Oct 22, 2020 |
| #6 | -7.04% Nov 5, 2021 - Nov 16, 2021 | -35.18% Sep 13, 2012 - Jul 10, 2013 |
| #7 | -4.58% Sep 26, 2024 - Oct 4, 2024 | -30.62% Jan 17, 2014 - Jun 16, 2015 |
| #8 | -3.49% Nov 14, 2024 - Nov 19, 2024 | -22.28% Jan 26, 2018 - May 11, 2018 |
| #9 | -2.53% Oct 4, 2024 - Oct 8, 2024 | -20.05% Feb 5, 2021 - Apr 27, 2021 |
| #10 | -2.32% Jan 21, 2025 - Jan 23, 2025 | -18.56% Jul 25, 2007 - Oct 4, 2007 |
| #11 | -0.97% Nov 25, 2024 - Dec 2, 2024 | -18.32% Jul 20, 2015 - Oct 23, 2015 |
| #12 | -0.91% Jan 23, 2025 - Jan 28, 2025 | -17.71% Jan 26, 2004 - Apr 12, 2004 |
| #13 | -0.17% Nov 11, 2024 - Nov 14, 2024 | -17.21% Nov 28, 2017 - Jan 17, 2018 |
| #14 | N/A | -14.67% Dec 1, 2003 - Jan 7, 2004 |
| #15 | N/A | -14.09% Oct 26, 2015 - Mar 2, 2016 |
Correlation
Correlation between ONON and ALGN is -0.27 which considered as a very weak or no correlation - the stocks move independently of each other.
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