ONTO vs. CSW

Last updated Jun 9, 2026

ONTO (Onto Innovation Inc.) and CSW (CSW Industrials Inc) are both stocks. ONTO operates in Semiconductor Equipment & Materials (Technology), while CSW operates in Specialty Industrial Machinery (Industrials). At a 0.35 correlation, their price movements are largely independent.

Performance

ONTO vs. CSW - Performance Comparison

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

Returns By Period

In the year-to-date period, ONTO achieves a 70.40% return, which is significantly higher than CSW's -8.76% return.

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%

CSW

• 1D: 0.35%
• 1M: -1.56%
• YTD: -8.76%
• 6M: -9.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONTO vs. CSW - Yearly Performance Comparison

	2026 (YTD)	2025
ONTO Onto Innovation Inc.	70.40%	58.72%
CSW CSW Industrials Inc	-8.76%	-2.93%

Correlation

The correlation between ONTO and CSW is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025	0.35

Fundamentals

Market Cap ONTO : $13.45B CSW : $4.47B
EPS ONTO : $2.15 CSW : $6.68
PE Ratio ONTO : 124.91 CSW : 39.99
PEG Ratio ONTO : 11.20 CSW : 2.60
PS Ratio ONTO : 12.90 CSW : 4.14
PB Ratio ONTO : 6.31 CSW : 4.25
Total Revenue (TTM) ONTO : $1.03B CSW : $1.08B
Gross Profit (TTM) ONTO : $502.93M CSW : $453.68M
EBITDA (TTM) ONTO : $177.93M CSW : $211.08M

Return for Risk

ONTO vs. CSW — 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. CSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and CSW Industrials Inc (CSW). 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	CSW	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	CSW	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	-0.29	+0.50

Drawdowns

ONTO vs. CSW - Drawdown Comparison

The maximum ONTO drawdown since its inception was -98.56%, which is greater than CSW's maximum drawdown of -25.35%. Use the drawdown chart below to compare losses from any high point for ONTO and CSW.

Drawdown Indicators

	ONTO	CSW	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-25.35%	-73.21%
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%	-20.10%	+7.47%
Average Drawdown Average peak-to-trough decline	-54.72%	-13.84%	-40.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.40%	—	—

Volatility

Volatility by Period

	ONTO	CSW	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%	40.13%	+16.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.41%	40.13%	+15.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.23%	40.13%	+11.10%

Dividends

ONTO vs. CSW - Dividend Comparison

ONTO has not paid dividends to shareholders, while CSW's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025
CSW CSW Industrials Inc	0.42%	0.18%
ONTO Onto Innovation Inc.	0.00%	0.00%

Financials

ONTO vs. CSW - Profitability Comparison

The chart below illustrates the profitability comparison between Onto Innovation Inc. and CSW Industrials 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%.

CSW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CSW Industrials Inc reported a gross profit of 126.61M and revenue of 308.96M. Therefore, the gross margin over that period was 41.0%.

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%.

CSW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CSW Industrials Inc reported an operating income of 37.44M and revenue of 308.96M, resulting in an operating margin of 12.1%.

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%.

CSW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CSW Industrials Inc reported a net income of 20.20M and revenue of 308.96M, resulting in a net margin of 6.5%.

Frequently Asked Questions

Can I hold both ONTO and CSW in my portfolio?

ONTO and CSW have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.