NVMI vs. ONTO

In the year-to-date period, NVMI achieves a 28.18% return, which is significantly higher than ONTO's 8.04% return. Over the past 10 years, NVMI has outperformed ONTO with an annualized return of 32.52%, while ONTO has yielded a comparatively lower 27.32% annualized return.

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The correlation between NVMI and ONTO is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

This table presents a comparison of risk-adjusted performance metrics for Nova Ltd (NVMI) 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.

The current NVMI Sharpe Ratio is 0.82, which is higher than the ONTO Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of NVMI and ONTO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Neither NVMI nor ONTO has paid dividends to shareholders.

The maximum NVMI drawdown since its inception was -98.22%, roughly equal to the maximum ONTO drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for NVMI and ONTO. For additional features, visit the drawdowns tool.

Nova Ltd (NVMI) has a higher volatility of 17.78% compared to Onto Innovation Inc. (ONTO) at 16.40%. This indicates that NVMI'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.

This section allows you to compare key financial metrics between Nova Ltd 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.