ONTO vs. MOD
ONTO (Onto Innovation Inc.) and MOD (Modine Manufacturing Company) are both stocks. ONTO operates in Semiconductor Equipment & Materials (Technology), while MOD operates in Auto Parts (Consumer Cyclical). Over the past 10 years, ONTO returned 29.89%/yr vs 38.65%/yr for MOD. At a 0.28 correlation, their price movements are largely independent.
Performance
ONTO vs. MOD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ONTO having a 89.44% return and MOD slightly lower at 85.07%. Over the past 10 years, ONTO has underperformed MOD with an annualized return of 29.89%, while MOD has yielded a comparatively higher 38.65% annualized return.
ONTO
- 1D
- 7.36%
- 1M
- -10.40%
- 6M
- 38.35%
- YTD
- 89.44%
- 1Y
- 200.13%
- 3Y*
- 41.32%
- 5Y*
- 35.21%
- 10Y*
- 29.89%
- ALL TIME*
- 16.24%
MOD
- 1D
- 8.43%
- 1M
- -16.91%
- 6M
- 81.20%
- YTD
- 85.07%
- 1Y
- 163.68%
- 3Y*
- 88.95%
- 5Y*
- 73.03%
- 10Y*
- 38.65%
- ALL TIME*
- 10.94%
ONTO vs. MOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONTO Onto Innovation Inc. | 89.44% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
MOD Modine Manufacturing Company | 85.07% | 15.16% | 94.19% | 200.60% | 96.83% | -19.67% | 63.12% | -28.77% | -46.49% | 35.57% |
Correlation
The correlation between ONTO and MOD is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 1992 | 0.28 |
Over the past year, ONTO and MOD have become more correlated (0.53) than their long-term average of 0.28, meaning their price movements have been converging.
Fundamentals
ONTO:
$14.88B
MOD:
$13.12B
ONTO:
$2.15
MOD:
$4.66
ONTO:
139.25
MOD:
52.97
ONTO:
12.49
MOD:
3.42
ONTO:
14.38
MOD:
4.16
ONTO:
7.01
MOD:
11.09
ONTO:
$1.03B
MOD:
$3.18B
ONTO:
$502.93M
MOD:
$731.10M
ONTO:
$177.93M
MOD:
$276.90M
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Return for Risk
ONTO vs. MOD — Risk / Return Rank
ONTO
MOD
ONTO vs. MOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and Modine Manufacturing Company (MOD). 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 | MOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 7.63 | 5.98 | +1.65 |
| Martin ratioReturn relative to average drawdown | 22.83 | 14.82 | +8.00 |
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Drawdowns
ONTO vs. MOD - Drawdown Comparison
The maximum ONTO drawdown since its inception was -98.56%, roughly equal to the maximum MOD drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for ONTO and MOD.
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Drawdown Indicators
| ONTO | MOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -97.53% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.40% | -27.55% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -62.82% | -51.61% | -11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -62.82% | -54.27% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -62.82% | -88.13% | +25.31% |
Current DrawdownCurrent decline from peak | -20.98% | -19.49% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -54.57% | -37.60% | -16.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.81% | 11.09% | -2.28% |
Volatility
ONTO vs. MOD - Volatility Comparison
Onto Innovation Inc. (ONTO) has a higher volatility of 30.56% compared to Modine Manufacturing Company (MOD) at 20.22%. This indicates that ONTO's price experiences larger fluctuations and is considered to be riskier than MOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONTO | MOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.56% | 20.22% | +10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 51.56% | 51.24% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.11% | 68.68% | -4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.25% | 60.74% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.25% | 59.02% | -6.77% |
Dividends
ONTO vs. MOD - Dividend Comparison
Neither ONTO nor MOD has paid dividends to shareholders.
Financials
ONTO vs. MOD - Financials Comparison
This section allows you to compare key financial metrics between Onto Innovation Inc. and Modine Manufacturing Company. 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. MOD - Profitability Comparison
ONTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
MOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Modine Manufacturing Company reported a gross profit of 214.70M and revenue of 954.40M. Therefore, the gross margin over that period was 22.5%.
ONTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Onto Innovation Inc. reported an operating income of 33.51M and revenue of 291.95M, resulting in an operating margin of 11.5%.
MOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Modine Manufacturing Company reported an operating income of 96.40M and revenue of 954.40M, resulting in an operating margin of 10.1%.
ONTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Onto Innovation Inc. reported a net income of 33.75M and revenue of 291.95M, resulting in a net margin of 11.6%.
MOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Modine Manufacturing Company reported a net income of 201.50M and revenue of 954.40M, resulting in a net margin of 21.1%.
Frequently Asked Questions
ONTO and MOD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONTO has higher volatility (30.56%) compared to MOD (20.22%). In terms of maximum drawdown, ONTO dropped -98.56% vs MOD's -97.53%.
ONTO currently has the higher Sharpe Ratio (3.14 vs 2.40), 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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