FORM vs. ONTO
FORM (FormFactor, Inc.) and ONTO (Onto Innovation Inc.) are both stocks. Both are in the Technology sector — FORM in Semiconductors, ONTO in Semiconductor Equipment & Materials. Over the past 10 years, FORM returned 26.86%/yr vs 29.21%/yr for ONTO. Their 0.49 correlation means their historical movements had little consistent relationship.
Performance
FORM vs. ONTO - Performance Comparison
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Returns By Period
In the year-to-date period, FORM achieves a 90.39% return, which is significantly higher than ONTO's 63.80% return. Over the past 10 years, FORM has underperformed ONTO with an annualized return of 26.86%, while ONTO has yielded a comparatively higher 29.21% annualized return.
FORM
- 1D
- 0.78%
- 1M
- -14.07%
- 6M
- 50.66%
- YTD
- 90.39%
- 1Y
- 267.09%
- 3Y*
- 41.91%
- 5Y*
- 23.30%
- 10Y*
- 26.86%
- ALL TIME*
- 7.72%
ONTO
- 1D
- 3.22%
- 1M
- -15.93%
- 6M
- 27.98%
- YTD
- 63.80%
- 1Y
- 174.21%
- 3Y*
- 28.03%
- 5Y*
- 29.84%
- 10Y*
- 29.21%
- ALL TIME*
- 15.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FORM FormFactor, Inc. | $150.07M | $169.89M | $237.88M |
| $295.69M | $343.45M | $385.27M |
FORM vs. ONTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FORM FormFactor, Inc. | 90.39% | 26.77% | 5.49% | 87.63% | -51.38% | 6.28% | 65.65% | 84.32% | -9.97% | 39.73% |
ONTO Onto Innovation Inc. | 63.80% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
Correlation
The correlation between FORM and ONTO is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2003 | 0.49 |
Over the past year, FORM and ONTO have become more correlated (0.74) than their long-term average of 0.49, meaning their price movements have been converging.
Fundamentals
FORM:
$8.28B
ONTO:
$12.86B
FORM:
$1.46
ONTO:
$2.15
FORM:
72.56
ONTO:
120.40
FORM:
9.29
ONTO:
12.43
FORM:
7.60
ONTO:
6.06
FORM:
$902.23M
ONTO:
$1.03B
FORM:
$390.27M
ONTO:
$502.93M
FORM:
$156.99M
ONTO:
$177.93M
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Return for Risk
FORM vs. ONTO — Risk / Return Rank
FORM
ONTO
FORM vs. ONTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FormFactor, Inc. (FORM) and Onto Innovation Inc. (ONTO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FORM | ONTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 4.11 | +1.65 |
| Martin ratioReturn relative to average drawdown | 21.16 | 16.72 | +4.44 |
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Drawdowns
FORM vs. ONTO - Drawdown Comparison
The maximum FORM drawdown since its inception was -92.36%, smaller than the maximum ONTO drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for FORM and ONTO.
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Drawdown Indicators
| FORM | ONTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.36% | -98.56% | +6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -47.82% | -42.31% | -5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -62.75% | -62.82% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -62.75% | -62.82% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -64.42% | -62.82% | -1.60% |
Current DrawdownCurrent decline from peak | -33.60% | -31.67% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -51.32% | -54.55% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.01% | 10.38% | +2.63% |
Volatility
FORM vs. ONTO - Volatility Comparison
FormFactor, Inc. (FORM) has a higher volatility of 39.13% compared to Onto Innovation Inc. (ONTO) at 30.94%. This indicates that FORM's price experiences larger fluctuations and is considered to be riskier than ONTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FORM | ONTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.13% | 30.94% | +8.19% |
Volatility (6M)Calculated over the trailing 6-month period | 67.59% | 55.48% | +12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.44% | 67.42% | +17.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.91% | 57.93% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.45% | 52.49% | +2.96% |
Dividends
FORM vs. ONTO - Dividend Comparison
Neither FORM nor ONTO has paid dividends to shareholders.
Financials
FORM vs. ONTO - Financials Comparison
This section allows you to compare key financial metrics between FormFactor, Inc. and Onto Innovation Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FORM vs. ONTO - Profitability Comparison
FORM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, FormFactor, Inc. reported a gross profit of 109.42M and revenue of 258.24M. Therefore, the gross margin over that period was 42.4%.
ONTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Onto Innovation Inc. reported a gross profit of 146.39M and revenue of 291.95M. Therefore, the gross margin over that period was 50.1%.
FORM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, FormFactor, Inc. reported an operating income of 27.31M and revenue of 258.24M, resulting in an operating margin of 10.6%.
ONTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Onto Innovation Inc. reported an operating income of 33.51M and revenue of 291.95M, resulting in an operating margin of 11.5%.
FORM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, FormFactor, Inc. reported a net income of 56.21M and revenue of 258.24M, resulting in a net margin of 21.8%.
ONTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Onto Innovation Inc. reported a net income of 33.75M and revenue of 291.95M, resulting in a net margin of 11.6%.
Frequently Asked Questions
FORM and ONTO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FORM has higher volatility (39.13%) compared to ONTO (30.94%). In terms of maximum drawdown, FORM dropped -92.36% vs ONTO's -98.56%.
FORM currently has the higher Sharpe Ratio (3.34 vs 2.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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