NVMI vs. ONTO
Compare and contrast key facts about Nova Ltd (NVMI) and Onto Innovation Inc. (ONTO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVMI or ONTO.
Correlation
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.
Performance
NVMI vs. ONTO - Performance Comparison
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Key characteristics
NVMI:
-0.08
ONTO:
-0.80
NVMI:
0.43
ONTO:
-1.07
NVMI:
1.06
ONTO:
0.85
NVMI:
-0.00
ONTO:
-0.92
NVMI:
-0.00
ONTO:
-2.11
NVMI:
18.80%
ONTO:
27.50%
NVMI:
59.65%
ONTO:
72.25%
NVMI:
-98.22%
ONTO:
-98.56%
NVMI:
-32.94%
ONTO:
-62.82%
Fundamentals
NVMI:
$5.37B
ONTO:
$4.32B
NVMI:
$5.74
ONTO:
$4.06
NVMI:
31.97
ONTO:
21.80
NVMI:
0.00
ONTO:
0.68
NVMI:
8.13
ONTO:
4.38
NVMI:
5.89
ONTO:
3.22
NVMI:
$530.60M
ONTO:
$1.03B
NVMI:
$303.83M
ONTO:
$527.85M
NVMI:
$167.08M
ONTO:
$191.50M
Returns By Period
In the year-to-date period, NVMI achieves a -6.82% return, which is significantly higher than ONTO's -46.90% return. Over the past 10 years, NVMI has outperformed ONTO with an annualized return of 31.70%, while ONTO has yielded a comparatively lower 19.04% annualized return.
NVMI
-6.82%
3.11%
-7.16%
-5.16%
34.42%
31.70%
ONTO
-46.90%
-25.02%
-49.73%
-60.55%
22.44%
19.04%
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Risk-Adjusted Performance
NVMI vs. ONTO — Risk-Adjusted Performance Rank
NVMI
ONTO
NVMI vs. ONTO - Risk-Adjusted Performance Comparison
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.
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Dividends
NVMI vs. ONTO - Dividend Comparison
Neither NVMI nor ONTO has paid dividends to shareholders.
Drawdowns
NVMI vs. ONTO - Drawdown Comparison
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.
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Volatility
NVMI vs. ONTO - Volatility Comparison
The current volatility for Nova Ltd (NVMI) is 17.25%, while Onto Innovation Inc. (ONTO) has a volatility of 39.57%. This indicates that NVMI 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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Financials
NVMI vs. ONTO - Financials Comparison
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.
Total Revenue: Total amount of money received from sales and other business activities
NVMI vs. ONTO - Profitability Comparison
NVMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Nova Ltd reported a gross profit of 109.93M and revenue of 194.77M. Therefore, the gross margin over that period was 56.4%.
ONTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Onto Innovation Inc. reported a gross profit of 143.23M and revenue of 266.61M. Therefore, the gross margin over that period was 53.7%.
NVMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Nova Ltd reported an operating income of 55.47M and revenue of 194.77M, resulting in an operating margin of 28.5%.
ONTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Onto Innovation Inc. reported an operating income of 63.13M and revenue of 266.61M, resulting in an operating margin of 23.7%.
NVMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Nova Ltd reported a net income of 50.48M and revenue of 194.77M, resulting in a net margin of 25.9%.
ONTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Onto Innovation Inc. reported a net income of 64.10M and revenue of 266.61M, resulting in a net margin of 24.0%.