ONON vs SPY
Comparison between On Holding AG Class A (ONON, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed ONON, delivering a return of +13.3% compared to +0.1%
ONON vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
ONON
$12B
Winner
SPY
$652B
Expense Ratio
ONON
N/A
SPY
0.09%
Max Drawdown
ONON
68.90%
Winner
SPY
56.47%
Sharpe Ratio
ONON
-0.55
Winner
SPY
2.07
5Y Beta
ONON
1.41
Winner
SPY
1.00
Industry
ONON
Footwear & Accessories
SPY
N/A
P/E Ratio
ONON
48.51
Winner
SPY
28.24
Forward P/E
ONON
22.94
Winner
SPY
21.85
PEG Ratio
ONON
0.77
SPY
N/A
5Y Dividends CAGR
ONON
N/A
SPY
5.43%
5Y EPS CAGR
ONON
N/A
SPY
25.79%
Debt to Equity
ONON
35.59%
Winner
SPY
22.35%
Free Cash Flow Yield
ONON
2.91%
SPY
N/A
P/S Ratio
ONON
3.96
Winner
SPY
3.55
P/B Ratio
ONON
5.44
Winner
SPY
5.29
ONON vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ONON
+4.23%
Winner
SPY
+9.11%
3M
ONON
-20.52%
Winner
SPY
+6.59%
6M
ONON
+0.69%
Winner
SPY
+10.56%
1Y
ONON
-29.12%
Winner
SPY
+32.04%
5Y(CAGR)
ONON
+0.15%
Winner
SPY
+13.35%
10Y(CAGR)
ONON
N/A
SPY
+15.49%
Max(CAGR)
ONON
+0.15%
Winner
SPY
+8.50%
ONON vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ONON | SPY |
|---|---|---|
| 2026 | -24.94% | +8.27% |
| 2025 | -16.06% | +18.00% |
| 2024 | +104.67% | +25.59% |
| 2023 | +58.00% | +26.72% |
| 2022 | -55.64% | -18.64% |
| 2021 | +8.03% | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
ONON vs SPY Drawdown Comparison
The maximum drawdown for ONON was -68.90%, occurring on Oct 10, 2022. Recovery took 717 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ONON drawdown is -44.61%.
| Rank | ONON | SPY |
|---|---|---|
| #1 | -68.90% Nov 17, 2021 - Sep 26, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -49.89% Jan 30, 2025 - Mar 30, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -25.31% Sep 17, 2021 - Nov 5, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -10.53% Oct 8, 2024 - Nov 11, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -8.46% Dec 3, 2024 - Jan 21, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -7.04% Nov 5, 2021 - Nov 16, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.58% Sep 26, 2024 - Oct 4, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -3.49% Nov 14, 2024 - Nov 19, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -2.53% Oct 4, 2024 - Oct 8, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.32% Jan 21, 2025 - Jan 23, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.97% Nov 25, 2024 - Dec 2, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -0.91% Jan 23, 2025 - Jan 28, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -0.17% Nov 11, 2024 - Nov 14, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ONON and SPY is 0.75 which considered as a strong positive correlation - the stocks tend to move together.
0.75
-101
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