ONTO vs. COOP

Last updated Jun 9, 2026

ONTO (Onto Innovation Inc.) and COOP (Mr. Cooper Group Inc.) are both stocks. ONTO operates in Semiconductor Equipment & Materials (Technology), while COOP operates in Mortgage Finance (Financial Services). At a 0.22 correlation, their price movements are largely independent.

Performance

ONTO vs. COOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Onto Innovation Inc. (ONTO) and Mr. Cooper Group Inc. (COOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ONTO

• 1D: 6.22%
• 1M: -5.51%
• YTD: 70.40%
• 6M: 67.58%
• 1Y: 179.91%
• 3Y*: 34.68%
• 5Y*: 29.93%
• 10Y*: 30.54%

COOP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONTO vs. COOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONTO Onto Innovation Inc.	70.40%	-5.29%	9.01%	124.56%	-32.74%	112.89%	30.13%	33.70%	9.67%	-0.56%
COOP Mr. Cooper Group Inc.	0.00%	121.64%	47.44%	62.27%	-3.56%	34.10%	148.04%	7.20%	14.53%	-45.22%

Correlation

The correlation between ONTO and COOP is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012	0.22

Over the past year, the correlation between ONTO and COOP has dropped to 0.01 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.

Fundamentals

Market Cap ONTO : $13.45B COOP : $13.72B
EPS ONTO : $2.15 COOP : $8.76
PE Ratio ONTO : 124.91 COOP : 24.07
PEG Ratio ONTO : 11.20 COOP : 0.24
PS Ratio ONTO : 12.90 COOP : 6.00
PB Ratio ONTO : 6.31 COOP : 2.69
Total Revenue (TTM) ONTO : $1.03B COOP : $2.29B
Gross Profit (TTM) ONTO : $502.93M COOP : $1.68B
EBITDA (TTM) ONTO : $177.93M COOP : $852.00M

Return for Risk

ONTO vs. COOP — Risk / Return Rank

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

ONTO

ONTO Risk / Return Rank: 94
ONTO Sharpe Ratio Rank: 96
ONTO Sortino Ratio Rank: 92
ONTO Omega Ratio Rank: 90
ONTO Calmar Ratio Rank: 97
ONTO Martin Ratio Rank: 97

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.

ONTO vs. COOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and Mr. Cooper Group Inc. (COOP). 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.

	ONTO	COOP	Difference
Sharpe ratio: Return per unit of total volatility	3.23	—	—
Sortino ratio: Return per unit of downside risk	3.33	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	8.94	—	—
Martin ratio: Return relative to average drawdown	24.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ONTO	COOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	—	—

Drawdowns

Drawdown Indicators

	ONTO	COOP	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-62.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-62.82%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.82%	—	—
Current Drawdown Current decline from peak	-12.63%	—	—
Average Drawdown Average peak-to-trough decline	-54.72%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.40%	—	—

Volatility

Volatility by Period

	ONTO	COOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	56.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.23%	—	—

Dividends

ONTO vs. COOP - Dividend Comparison

Neither ONTO nor COOP has paid dividends to shareholders.

Position	TTM	2025
COOP Mr. Cooper Group Inc.	0.95%	0.95%
ONTO Onto Innovation Inc.	0.00%	0.00%

Financials

ONTO vs. COOP - Profitability Comparison

The chart below illustrates the profitability comparison between Onto Innovation Inc. and Mr. Cooper Group Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

COOP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mr. Cooper Group Inc. reported a gross profit of 417.00M and revenue of 608.00M. Therefore, the gross margin over that period was 68.6%.

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%.

COOP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mr. Cooper Group Inc. reported an operating income of 293.00M and revenue of 608.00M, resulting in an operating margin of 48.2%.

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%.

COOP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mr. Cooper Group Inc. reported a net income of 198.00M and revenue of 608.00M, resulting in a net margin of 32.6%.

Frequently Asked Questions

Can I hold both ONTO and COOP in my portfolio?

ONTO and COOP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.