MSADY vs. ONTO

Last updated Jun 13, 2026

MSADY (MS&AD Insurance Group Holdings PK) and ONTO (Onto Innovation Inc.) are both stocks. MSADY operates in Insurance - Property & Casualty (Financial Services), while ONTO operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, MSADY returned 13.83%/yr vs 33.01%/yr for ONTO. At a 0.25 correlation, their price movements are largely independent.

Performance

MSADY vs. ONTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MS&AD Insurance Group Holdings PK (MSADY) 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, MSADY achieves a 23.58% return, which is significantly lower than ONTO's 105.17% return. Over the past 10 years, MSADY has underperformed ONTO with an annualized return of 13.83%, while ONTO has yielded a comparatively higher 33.01% annualized return.

MSADY

• 1D: -0.50%
• 1M: 3.52%
• YTD: 23.58%
• 6M: 22.17%
• 1Y: 24.81%
• 3Y*: 34.33%
• 5Y*: 24.34%
• 10Y*: 13.83%

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)

MSADY vs. ONTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSADY MS&AD Insurance Group Holdings PK	23.58%	9.99%	70.58%	23.02%	3.31%	0.52%	-6.76%	16.74%	-16.97%	12.03%
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 MSADY and ONTO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 1, 2010	0.25

Fundamentals

Market Cap MSADY : $41.95B ONTO : $16.20B
EPS MSADY : ¥537.41 ONTO : $2.15
PE Ratio MSADY : 8.63 ONTO : 150.40
PEG Ratio MSADY : 0.16 ONTO : 13.49
PS Ratio MSADY : 0.89 ONTO : 15.53
PB Ratio MSADY : 1.40 ONTO : 7.60
Total Revenue (TTM) MSADY : ¥7.75T ONTO : $1.03B
Gross Profit (TTM) MSADY : ¥5.06T ONTO : $502.93M
EBITDA (TTM) MSADY : ¥782.77B ONTO : $177.93M

Return for Risk

MSADY vs. ONTO — Risk / Return Rank

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

MSADY

MSADY Risk / Return Rank: 69
MSADY Sharpe Ratio Rank: 72
MSADY Sortino Ratio Rank: 68
MSADY Omega Ratio Rank: 65
MSADY Calmar Ratio Rank: 70
MSADY Martin Ratio Rank: 70

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.

MSADY vs. ONTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MS&AD Insurance Group Holdings PK (MSADY) 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.

	MSADY	ONTO	Difference
Sharpe ratio: Return per unit of total volatility	0.96	3.91	-2.95
Sortino ratio: Return per unit of downside risk	1.52	3.76	-2.24
Omega ratio: Gain probability vs. loss probability	1.18	1.47	-0.29
Calmar ratio: Return relative to maximum drawdown	1.42	11.14	-9.72
Martin ratio: Return relative to average drawdown	3.29	30.28	-26.99

MSADY vs. ONTO - Sharpe Ratio Comparison

The current MSADY Sharpe Ratio is 0.96, which is lower than the ONTO Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of MSADY 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

MSADY vs. ONTO - Drawdown Comparison

The maximum MSADY drawdown since its inception was -50.41%, smaller than the maximum ONTO drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for MSADY and ONTO.

Drawdown Indicators

	MSADY	ONTO	Difference
Max Drawdown Largest peak-to-trough decline	-50.41%	-98.56%	+48.15%
Max Drawdown (1Y) Largest decline over 1 year	-17.55%	-20.24%	+2.69%
Max Drawdown (3Y) Largest decline over 3 years	-21.28%	-62.82%	+41.54%
Max Drawdown (5Y) Largest decline over 5 years	-29.89%	-62.82%	+32.93%
Max Drawdown (10Y) Largest decline over 10 years	-33.77%	-62.82%	+29.05%
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-15.37%	-54.69%	+39.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.81%	7.45%	+0.36%

Volatility

MSADY vs. ONTO - Volatility Comparison

The current volatility for MS&AD Insurance Group Holdings PK (MSADY) is 7.73%, while Onto Innovation Inc. (ONTO) has a volatility of 22.52%. This indicates that MSADY 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

	MSADY	ONTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.73%	22.52%	-14.79%
Volatility (6M) Calculated over the trailing 6-month period	20.61%	44.08%	-23.47%
Volatility (1Y) Calculated over the trailing 1-year period	26.01%	57.63%	-31.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.38%	55.75%	-27.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.03%	51.41%	-25.38%

Dividends

MSADY vs. ONTO - Dividend Comparison

Neither MSADY nor ONTO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MSADY MS&AD Insurance Group Holdings PK	0.00%	2.13%	2.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.84%	3.11%
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%

Financials

MSADY vs. ONTO - Profitability Comparison

The chart below illustrates the profitability comparison between MS&AD Insurance Group Holdings PK and Onto Innovation Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MSADY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported a gross profit of 547.42B and revenue of 1.46T. Therefore, the gross margin over that period was 37.4%.

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%.

MSADY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported an operating income of 182.21B and revenue of 1.46T, resulting in an operating margin of 12.5%.

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%.

MSADY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported a net income of 132.63B and revenue of 1.46T, resulting in a net margin of 9.1%.

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 MSADY and ONTO in my portfolio?

MSADY and ONTO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSADY or ONTO?

ONTO has higher volatility (22.52%) compared to MSADY (7.73%). In terms of maximum drawdown, MSADY dropped -50.41% vs ONTO's -98.56%.

Which has better risk-adjusted returns?

ONTO currently has the higher Sharpe Ratio (3.91 vs 0.96), 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.