ONON vs QQQ: which was the better investment?
On Holding AG against Invesco QQQ Trust on real daily total-return data — every dividend reinvested, from Sep 15, 2021 to Jul 15, 2026.
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Frequently asked questions
Did ONON beat QQQ?
No — measured from Sep 15, 2021 to Jul 15, 2026 with dividends reinvested, QQQ came out ahead: $19,497 versus $10,884 from a $10,000 start. That gap compounds from a 14.8% annual return against 1.8%.
What would $10,000 in ONON be worth today?
$10,000 invested in On Holding AG (ONON) on Sep 15, 2021 would be worth about $10,884 as of Jul 15, 2026, a total return of 8.8% (1.8% per year). The same $10,000 in QQQ would be worth $19,497.
Which was riskier — ONON or QQQ?
ONON swung with an annualized volatility of 57.0% and a worst peak-to-trough drop of -68.9%; QQQ ran at 23.1% volatility with a -35.1% maximum drawdown. Risk-adjusted (Sharpe ratio), that is -0.00 for ONON vs 0.55 for QQQ.
What data is this comparison based on?
Daily adjusted closing prices covering Sep 15, 2021 through Jul 15, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.
Can I change the dates, amounts, or add monthly investing?
Yes — the interactive tool on this page is pre-loaded with ONON vs QQQ. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.