ONTO vs. FTAI

Last updated Jun 9, 2026

ONTO (Onto Innovation Inc.) and FTAI (Fortress Transportation and Infrastructure Investors LLC) are both stocks. ONTO operates in Semiconductor Equipment & Materials (Technology), while FTAI operates in Rental & Leasing Services (Industrials). Over the past 10 years, ONTO returned 30.54%/yr vs 44.06%/yr for FTAI. At a 0.32 correlation, their price movements are largely independent.

Performance

ONTO vs. FTAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Onto Innovation Inc. (ONTO) and Fortress Transportation and Infrastructure Investors LLC (FTAI). 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 FTAI's 17.47% return. Over the past 10 years, ONTO has underperformed FTAI with an annualized return of 30.54%, while FTAI has yielded a comparatively higher 44.06% annualized 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%

FTAI

• 1D: -1.53%
• 1M: -14.59%
• YTD: 17.47%
• 6M: 30.32%
• 1Y: 79.79%
• 3Y*: 102.79%
• 5Y*: 55.15%
• 10Y*: 44.06%

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

ONTO vs. FTAI - 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%
FTAI Fortress Transportation and Infrastructure Investors LLC	17.47%	38.01%	214.72%	181.65%	-36.67%	29.27%	33.15%	48.05%	-22.18%	62.27%

Correlation

The correlation between ONTO and FTAI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 18, 2015	0.32

Fundamentals

Market Cap ONTO : $13.45B FTAI : $24.03B
EPS ONTO : $2.15 FTAI : $5.13
PE Ratio ONTO : 124.91 FTAI : 44.90
PEG Ratio ONTO : 11.20 FTAI : 0.03
PS Ratio ONTO : 12.90 FTAI : 8.43
PB Ratio ONTO : 6.31 FTAI : 55.66
Total Revenue (TTM) ONTO : $1.03B FTAI : $2.84B
Gross Profit (TTM) ONTO : $502.93M FTAI : $922.62M
EBITDA (TTM) ONTO : $177.93M FTAI : $992.07M

Return for Risk

ONTO vs. FTAI — 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

FTAI

FTAI Risk / Return Rank: 79
FTAI Sharpe Ratio Rank: 79
FTAI Sortino Ratio Rank: 80
FTAI Omega Ratio Rank: 76
FTAI Calmar Ratio Rank: 80
FTAI Martin Ratio Rank: 81

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. FTAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and Fortress Transportation and Infrastructure Investors LLC (FTAI). 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	FTAI	Difference
Sharpe ratio: Return per unit of total volatility	3.23	1.27	+1.96
Sortino ratio: Return per unit of downside risk	3.33	2.19	+1.13
Omega ratio: Gain probability vs. loss probability	1.41	1.26	+0.15
Calmar ratio: Return relative to maximum drawdown	8.94	2.58	+6.37
Martin ratio: Return relative to average drawdown	24.42	6.31	+18.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONTO vs. FTAI - Sharpe Ratio Comparison

The current ONTO Sharpe Ratio is 3.23, which is higher than the FTAI Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of ONTO and FTAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ONTO	FTAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.23	1.27	+1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.99	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.87	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.70	-0.49

Drawdowns

ONTO vs. FTAI - Drawdown Comparison

The maximum ONTO drawdown since its inception was -98.56%, which is greater than FTAI's maximum drawdown of -72.79%. Use the drawdown chart below to compare losses from any high point for ONTO and FTAI.

Drawdown Indicators

	ONTO	FTAI	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-72.79%	-25.77%
Max Drawdown (1Y) Largest decline over 1 year	-20.24%	-31.15%	+10.91%
Max Drawdown (3Y) Largest decline over 3 years	-62.82%	-52.11%	-10.71%
Max Drawdown (5Y) Largest decline over 5 years	-62.82%	-54.08%	-8.74%
Max Drawdown (10Y) Largest decline over 10 years	-62.82%	-72.79%	+9.97%
Current Drawdown Current decline from peak	-12.63%	-25.42%	+12.79%
Average Drawdown Average peak-to-trough decline	-54.72%	-17.37%	-37.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.40%	12.72%	-5.32%

Volatility

ONTO vs. FTAI - Volatility Comparison

Onto Innovation Inc. (ONTO) has a higher volatility of 18.61% compared to Fortress Transportation and Infrastructure Investors LLC (FTAI) at 17.46%. This indicates that ONTO's price experiences larger fluctuations and is considered to be riskier than FTAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONTO	FTAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.61%	17.46%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	42.21%	46.93%	-4.72%
Volatility (1Y) Calculated over the trailing 1-year period	56.16%	63.45%	-7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.41%	56.28%	-0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.23%	51.09%	+0.14%

Dividends

ONTO vs. FTAI - Dividend Comparison

ONTO has not paid dividends to shareholders, while FTAI's dividend yield for the trailing twelve months is around 0.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTAI Fortress Transportation and Infrastructure Investors LLC	0.65%	0.64%	0.83%	2.59%	7.54%	4.56%	5.63%	6.76%	9.21%	6.62%	9.92%	4.26%
ONTO Onto Innovation Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

ONTO vs. FTAI - Profitability Comparison

The chart below illustrates the profitability comparison between Onto Innovation Inc. and Fortress Transportation and Infrastructure Investors LLC 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%.

FTAI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported a gross profit of 306.43M and revenue of 830.70M. Therefore, the gross margin over that period was 36.9%.

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%.

FTAI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported an operating income of 241.44M and revenue of 830.70M, resulting in an operating margin of 29.1%.

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%.

FTAI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported a net income of 134.19M and revenue of 830.70M, resulting in a net margin of 16.2%.

Frequently Asked Questions

Can I hold both ONTO and FTAI in my portfolio?

ONTO and FTAI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONTO or FTAI?

ONTO has higher volatility (18.61%) compared to FTAI (17.46%). In terms of maximum drawdown, ONTO dropped -98.56% vs FTAI's -72.79%.

Which has better risk-adjusted returns?

ONTO currently has the higher Sharpe Ratio (3.23 vs 1.27), 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.