ONTO vs. FORM
ONTO (Onto Innovation Inc.) and FORM (FormFactor, Inc.) are both stocks. Both are in the Technology sector — ONTO in Semiconductor Equipment & Materials, FORM in Semiconductors. Over the past 10 years, ONTO returned 29.21%/yr vs 26.86%/yr for FORM. Their 0.49 correlation means their historical movements had little consistent relationship.
Performance
ONTO vs. FORM - Performance Comparison
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Returns By Period
In the year-to-date period, ONTO achieves a 63.80% return, which is significantly lower than FORM's 90.39% return. Over the past 10 years, ONTO has outperformed FORM with an annualized return of 29.21%, while FORM has yielded a comparatively lower 26.86% annualized return.
ONTO
- 1D
- 3.22%
- 1M
- -15.93%
- 6M
- 27.98%
- YTD
- 63.80%
- 1Y
- 174.21%
- 3Y*
- 28.03%
- 5Y*
- 29.84%
- 10Y*
- 29.21%
- ALL TIME*
- 15.74%
FORM
- 1D
- 0.78%
- 1M
- -14.07%
- 6M
- 50.66%
- YTD
- 90.39%
- 1Y
- 267.09%
- 3Y*
- 41.91%
- 5Y*
- 23.30%
- 10Y*
- 26.86%
- ALL TIME*
- 7.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FORM FormFactor, Inc. | $150.07M | $169.89M | $237.88M |
| $295.69M | $343.45M | $385.27M |
ONTO vs. FORM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONTO Onto Innovation Inc. | 63.80% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
FORM FormFactor, Inc. | 90.39% | 26.77% | 5.49% | 87.63% | -51.38% | 6.28% | 65.65% | 84.32% | -9.97% | 39.73% |
Correlation
The correlation between ONTO and FORM is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2003 | 0.49 |
Over the past year, ONTO and FORM have become more correlated (0.74) than their long-term average of 0.49, meaning their price movements have been converging.
Fundamentals
ONTO:
$12.86B
FORM:
$8.28B
ONTO:
$2.15
FORM:
$1.46
ONTO:
120.40
FORM:
72.56
ONTO:
12.43
FORM:
9.29
ONTO:
6.06
FORM:
7.60
ONTO:
$1.03B
FORM:
$902.23M
ONTO:
$502.93M
FORM:
$390.27M
ONTO:
$177.93M
FORM:
$156.99M
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Return for Risk
ONTO vs. FORM — Risk / Return Rank
ONTO
FORM
ONTO vs. FORM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and FormFactor, Inc. (FORM). 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.
| ONTO | FORM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 5.77 | -1.65 |
| Martin ratioReturn relative to average drawdown | 16.72 | 21.16 | -4.44 |
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Drawdowns
ONTO vs. FORM - Drawdown Comparison
The maximum ONTO drawdown since its inception was -98.56%, which is greater than FORM's maximum drawdown of -92.36%. Use the drawdown chart below to compare losses from any high point for ONTO and FORM.
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Drawdown Indicators
| ONTO | FORM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -92.36% | -6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -42.31% | -47.82% | +5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -62.82% | -62.75% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -62.82% | -62.75% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -62.82% | -64.42% | +1.60% |
Current DrawdownCurrent decline from peak | -31.67% | -33.60% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -54.55% | -51.32% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.38% | 13.01% | -2.63% |
Volatility
ONTO vs. FORM - Volatility Comparison
The current volatility for Onto Innovation Inc. (ONTO) is 30.94%, while FormFactor, Inc. (FORM) has a volatility of 39.13%. This indicates that ONTO experiences smaller price fluctuations and is considered to be less risky than FORM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONTO | FORM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.94% | 39.13% | -8.19% |
Volatility (6M)Calculated over the trailing 6-month period | 55.48% | 67.59% | -12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.42% | 84.44% | -17.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.93% | 59.91% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.49% | 55.45% | -2.96% |
Dividends
ONTO vs. FORM - Dividend Comparison
Neither ONTO nor FORM has paid dividends to shareholders.
Financials
ONTO vs. FORM - Financials Comparison
This section allows you to compare key financial metrics between Onto Innovation Inc. and FormFactor, 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
ONTO vs. FORM - Profitability Comparison
ONTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
FORM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, FormFactor, Inc. reported a gross profit of 109.42M and revenue of 258.24M. Therefore, the gross margin over that period was 42.4%.
ONTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Onto Innovation Inc. reported an operating income of 33.51M and revenue of 291.95M, resulting in an operating margin of 11.5%.
FORM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, FormFactor, Inc. reported an operating income of 27.31M and revenue of 258.24M, resulting in an operating margin of 10.6%.
ONTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Onto Innovation Inc. reported a net income of 33.75M and revenue of 291.95M, resulting in a net margin of 11.6%.
FORM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, FormFactor, Inc. reported a net income of 56.21M and revenue of 258.24M, resulting in a net margin of 21.8%.
Frequently Asked Questions
ONTO and FORM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FORM has higher volatility (39.13%) compared to ONTO (30.94%). In terms of maximum drawdown, ONTO dropped -98.56% vs FORM's -92.36%.
FORM currently has the higher Sharpe Ratio (3.34 vs 2.60), 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.
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