GTN vs. ONTO
GTN (Gray Television, Inc.) and ONTO (Onto Innovation Inc.) are both stocks. GTN operates in Broadcasting (Communication Services), while ONTO operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, GTN returned -7.64%/yr vs 32.92%/yr for ONTO. At a 0.26 correlation, their price movements are largely independent.
Performance
GTN vs. ONTO - Performance Comparison
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Returns By Period
In the year-to-date period, GTN achieves a -17.65% return, which is significantly lower than ONTO's 120.37% return. Over the past 10 years, GTN has underperformed ONTO with an annualized return of -7.64%, while ONTO has yielded a comparatively higher 32.92% annualized return.
GTN
- 1D
- 1.32%
- 1M
- -3.69%
- YTD
- -17.65%
- 6M
- -18.32%
- 1Y
- -4.14%
- 3Y*
- -13.46%
- 5Y*
- -26.65%
- 10Y*
- -7.64%
ONTO
- 1D
- 4.23%
- 1M
- 32.65%
- YTD
- 120.37%
- 6M
- 118.42%
- 1Y
- 263.05%
- 3Y*
- 48.86%
- 5Y*
- 38.00%
- 10Y*
- 32.92%
GTN vs. ONTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTN Gray Television, Inc. | -17.65% | 64.58% | -62.40% | -16.72% | -43.43% | 14.39% | -16.56% | 45.45% | -12.00% | 54.38% |
ONTO Onto Innovation Inc. | 120.37% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
Correlation
The correlation between GTN and ONTO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2002 | 0.26 |
The correlation between GTN and ONTO shifts across timeframes, from 0.15 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GTN:
$372.48M
ONTO:
$17.39B
GTN:
-$0.79
ONTO:
$2.15
GTN:
0.12
ONTO:
16.68
GTN:
0.25
ONTO:
8.16
GTN:
$3.08B
ONTO:
$1.03B
GTN:
$3.54B
ONTO:
$502.93M
GTN:
$899.00M
ONTO:
$177.93M
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Return for Risk
GTN vs. ONTO — Risk / Return Rank
GTN
ONTO
GTN vs. ONTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gray Television, Inc. (GTN) 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.
| GTN | ONTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.51 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 13.09 | -13.20 |
| Martin ratioReturn relative to average drawdown | -0.20 | 35.58 | -35.78 |
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Drawdowns
GTN vs. ONTO - Drawdown Comparison
The maximum GTN drawdown since its inception was -98.61%, roughly equal to the maximum ONTO drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for GTN and ONTO.
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Drawdown Indicators
| GTN | ONTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.61% | -98.56% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -38.59% | -20.24% | -18.35% |
Max Drawdown (3Y)Largest decline over 3 years | -69.13% | -62.82% | -6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -86.60% | -62.82% | -23.78% |
Max Drawdown (10Y)Largest decline over 10 years | -86.60% | -62.82% | -23.78% |
Current DrawdownCurrent decline from peak | -80.73% | 0.00% | -80.73% |
Average DrawdownAverage peak-to-trough decline | -44.91% | -54.66% | +9.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.65% | 7.43% | +13.22% |
Volatility
GTN vs. ONTO - Volatility Comparison
The current volatility for Gray Television, Inc. (GTN) is 11.63%, while Onto Innovation Inc. (ONTO) has a volatility of 21.93%. This indicates that GTN 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.
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Volatility by Period
| GTN | ONTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.63% | 21.93% | -10.30% |
Volatility (6M)Calculated over the trailing 6-month period | 46.60% | 44.23% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.27% | 57.96% | +6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.11% | 55.89% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.21% | 51.48% | +3.73% |
Dividends
GTN vs. ONTO - Dividend Comparison
GTN's dividend yield for the trailing twelve months is around 8.33%, while ONTO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GTN Gray Television, Inc. | 8.33% | 6.61% | 10.16% | 3.57% | 2.86% | 1.59% |
ONTO Onto Innovation Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GTN vs. ONTO - Financials Comparison
This section allows you to compare key financial metrics between Gray Television, 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
GTN vs. ONTO - Profitability Comparison
GTN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gray Television, Inc. reported a gross profit of 736.00M and revenue of 768.00M. Therefore, the gross margin over that period was 95.8%.
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%.
GTN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gray Television, Inc. reported an operating income of 81.00M and revenue of 768.00M, 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 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%.
GTN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gray Television, Inc. reported a net income of -340.00K and revenue of 768.00M, resulting in a net margin of -0.0%.
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
GTN and ONTO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONTO has higher volatility (21.93%) compared to GTN (11.63%). In terms of maximum drawdown, GTN dropped -98.61% vs ONTO's -98.56%.
ONTO currently has the higher Sharpe Ratio (4.58 vs -0.06), 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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