FTAI vs. ONTO

Last updated Jun 13, 2026

FTAI (Fortress Transportation and Infrastructure Investors LLC) and ONTO (Onto Innovation Inc.) are both stocks. FTAI operates in Rental & Leasing Services (Industrials), while ONTO operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, FTAI returned 45.39%/yr vs 33.01%/yr for ONTO. At a 0.32 correlation, their price movements are largely independent.

Performance

FTAI vs. ONTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortress Transportation and Infrastructure Investors LLC (FTAI) and Onto Innovation Inc. (ONTO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTAI achieves a 23.33% return, which is significantly lower than ONTO's 105.17% return. Over the past 10 years, FTAI has outperformed ONTO with an annualized return of 45.39%, while ONTO has yielded a comparatively lower 33.01% annualized return.

FTAI

• 1D: 0.26%
• 1M: -9.41%
• YTD: 23.33%
• 6M: 37.23%
• 1Y: 97.05%
• 3Y*: 104.30%
• 5Y*: 55.62%
• 10Y*: 45.39%

ONTO

• 1D: 6.70%
• 1M: 16.94%
• YTD: 105.17%
• 6M: 107.14%
• 1Y: 223.88%
• 3Y*: 42.57%
• 5Y*: 33.99%
• 10Y*: 33.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTAI vs. ONTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTAI Fortress Transportation and Infrastructure Investors LLC	23.33%	38.01%	214.72%	181.65%	-36.67%	29.27%	33.15%	48.05%	-22.18%	62.27%
ONTO Onto Innovation Inc.	105.17%	-5.29%	9.01%	124.56%	-32.74%	112.89%	30.13%	33.70%	9.67%	-0.56%

Correlation

The correlation between FTAI and ONTO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 15, 2015	0.32

The correlation between FTAI and ONTO shifts across timeframes, from 0.32 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FTAI : $25.23B ONTO : $16.20B
EPS FTAI : $5.13 ONTO : $2.15
PE Ratio FTAI : 47.14 ONTO : 150.40
PEG Ratio FTAI : 0.03 ONTO : 13.49
PS Ratio FTAI : 8.86 ONTO : 15.53
PB Ratio FTAI : 58.44 ONTO : 7.60
Total Revenue (TTM) FTAI : $2.84B ONTO : $1.03B
Gross Profit (TTM) FTAI : $922.62M ONTO : $502.93M
EBITDA (TTM) FTAI : $992.07M ONTO : $177.93M

Return for Risk

FTAI vs. ONTO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTAI

FTAI Risk / Return Rank: 83
FTAI Sharpe Ratio Rank: 84
FTAI Sortino Ratio Rank: 84
FTAI Omega Ratio Rank: 81
FTAI Calmar Ratio Rank: 85
FTAI Martin Ratio Rank: 84

ONTO

ONTO Risk / Return Rank: 96
ONTO Sharpe Ratio Rank: 98
ONTO Sortino Ratio Rank: 95
ONTO Omega Ratio Rank: 93
ONTO Calmar Ratio Rank: 98
ONTO Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTAI vs. ONTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortress Transportation and Infrastructure Investors LLC (FTAI) 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.

	FTAI	ONTO	Difference
Sharpe ratio: Return per unit of total volatility	1.54	3.91	-2.38
Sortino ratio: Return per unit of downside risk	2.47	3.76	-1.29
Omega ratio: Gain probability vs. loss probability	1.30	1.47	-0.17
Calmar ratio: Return relative to maximum drawdown	3.13	11.14	-8.00
Martin ratio: Return relative to average drawdown	7.47	30.28	-22.82

FTAI vs. ONTO - Sharpe Ratio Comparison

The current FTAI Sharpe Ratio is 1.54, which is lower than the ONTO Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of FTAI and ONTO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTAI vs. ONTO - Drawdown Comparison

The maximum FTAI drawdown since its inception was -72.79%, smaller than the maximum ONTO drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for FTAI and ONTO.

Drawdown Indicators

	FTAI	ONTO	Difference
Max Drawdown Largest peak-to-trough decline	-72.79%	-98.56%	+25.77%
Max Drawdown (1Y) Largest decline over 1 year	-31.15%	-20.24%	-10.91%
Max Drawdown (3Y) Largest decline over 3 years	-52.11%	-62.82%	+10.71%
Max Drawdown (5Y) Largest decline over 5 years	-54.08%	-62.82%	+8.74%
Max Drawdown (10Y) Largest decline over 10 years	-72.79%	-62.82%	-9.97%
Current Drawdown Current decline from peak	-21.69%	0.00%	-21.69%
Average Drawdown Average peak-to-trough decline	-17.37%	-54.69%	+37.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.04%	7.45%	+5.59%

Volatility

FTAI vs. ONTO - Volatility Comparison

The current volatility for Fortress Transportation and Infrastructure Investors LLC (FTAI) is 18.22%, while Onto Innovation Inc. (ONTO) has a volatility of 22.52%. This indicates that FTAI experiences smaller price fluctuations and is considered to be less risky than ONTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTAI	ONTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.22%	22.52%	-4.30%
Volatility (6M) Calculated over the trailing 6-month period	47.49%	44.08%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	63.59%	57.63%	+5.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.34%	55.75%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.10%	51.41%	-0.31%

Dividends

FTAI vs. ONTO - Dividend Comparison

FTAI's dividend yield for the trailing twelve months is around 0.62%, while ONTO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTAI Fortress Transportation and Infrastructure Investors LLC	0.62%	0.64%	0.83%	2.59%	7.54%	4.56%	5.63%	6.76%	9.21%	6.62%	9.92%	4.26%
ONTO Onto Innovation Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

FTAI vs. ONTO - Profitability Comparison

The chart below illustrates the profitability comparison between Fortress Transportation and Infrastructure Investors LLC and Onto Innovation Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FTAI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported a gross profit of 306.43M and revenue of 830.70M. Therefore, the gross margin over that period was 36.9%.

ONTO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

FTAI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported an operating income of 241.44M and revenue of 830.70M, resulting in an operating margin of 29.1%.

ONTO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Onto Innovation Inc. reported an operating income of 33.51M and revenue of 291.95M, resulting in an operating margin of 11.5%.

FTAI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported a net income of 134.19M and revenue of 830.70M, resulting in a net margin of 16.2%.

ONTO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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

Can I hold both FTAI and ONTO in my portfolio?

FTAI and ONTO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTAI or ONTO?

ONTO has higher volatility (22.52%) compared to FTAI (18.22%). In terms of maximum drawdown, FTAI dropped -72.79% vs ONTO's -98.56%.

Which has better risk-adjusted returns?

ONTO currently has the higher Sharpe Ratio (3.91 vs 1.54), 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.