ONTO vs. MSADY

Last updated Jun 13, 2026

ONTO (Onto Innovation Inc.) and MSADY (MS&AD Insurance Group Holdings PK) are both stocks. ONTO operates in Semiconductor Equipment & Materials (Technology), while MSADY operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, ONTO returned 33.01%/yr vs 13.83%/yr for MSADY. At a 0.25 correlation, their price movements are largely independent.

Performance

ONTO vs. MSADY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Onto Innovation Inc. (ONTO) and MS&AD Insurance Group Holdings PK (MSADY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONTO achieves a 105.17% return, which is significantly higher than MSADY's 23.58% return. Over the past 10 years, ONTO has outperformed MSADY with an annualized return of 33.01%, while MSADY has yielded a comparatively lower 13.83% annualized return.

ONTO

• 1D: 6.70%
• 1M: 19.17%
• YTD: 105.17%
• 6M: 107.14%
• 1Y: 242.01%
• 3Y*: 42.57%
• 5Y*: 33.99%
• 10Y*: 33.01%

MSADY

• 1D: -0.50%
• 1M: 4.30%
• YTD: 23.58%
• 6M: 22.17%
• 1Y: 28.06%
• 3Y*: 34.33%
• 5Y*: 24.34%
• 10Y*: 13.83%

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

ONTO vs. MSADY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONTO Onto Innovation Inc.	105.17%	-5.29%	9.01%	124.56%	-32.74%	112.89%	30.13%	33.70%	9.67%	-0.56%
MSADY MS&AD Insurance Group Holdings PK	23.58%	9.99%	70.58%	23.02%	3.31%	0.52%	-6.76%	16.74%	-16.97%	12.03%

Correlation

The correlation between ONTO and MSADY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 1, 2010	0.25

Fundamentals

Market Cap ONTO : $16.20B MSADY : $41.95B
EPS ONTO : $2.15 MSADY : ¥537.41
PE Ratio ONTO : 150.40 MSADY : 8.63
PEG Ratio ONTO : 13.49 MSADY : 0.16
PS Ratio ONTO : 15.53 MSADY : 0.89
PB Ratio ONTO : 7.60 MSADY : 1.40
Total Revenue (TTM) ONTO : $1.03B MSADY : ¥7.75T
Gross Profit (TTM) ONTO : $502.93M MSADY : ¥5.06T
EBITDA (TTM) ONTO : $177.93M MSADY : ¥782.77B

Return for Risk

ONTO vs. MSADY — Risk / Return Rank

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

ONTO

ONTO Risk / Return Rank: 96
ONTO Sharpe Ratio Rank: 98
ONTO Sortino Ratio Rank: 95
ONTO Omega Ratio Rank: 93
ONTO Calmar Ratio Rank: 98
ONTO Martin Ratio Rank: 98

MSADY

MSADY Risk / Return Rank: 69
MSADY Sharpe Ratio Rank: 72
MSADY Sortino Ratio Rank: 68
MSADY Omega Ratio Rank: 65
MSADY Calmar Ratio Rank: 70
MSADY Martin Ratio Rank: 70

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. MSADY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and MS&AD Insurance Group Holdings PK (MSADY). 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	MSADY	Difference
Sharpe ratio: Return per unit of total volatility	3.91	0.96	+2.95
Sortino ratio: Return per unit of downside risk	3.76	1.52	+2.24
Omega ratio: Gain probability vs. loss probability	1.47	1.18	+0.29
Calmar ratio: Return relative to maximum drawdown	11.14	1.42	+9.72
Martin ratio: Return relative to average drawdown	30.28	3.29	+26.99

ONTO vs. MSADY - Sharpe Ratio Comparison

The current ONTO Sharpe Ratio is 3.91, which is higher than the MSADY Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of ONTO and MSADY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ONTO vs. MSADY - Drawdown Comparison

The maximum ONTO drawdown since its inception was -98.56%, which is greater than MSADY's maximum drawdown of -50.41%. Use the drawdown chart below to compare losses from any high point for ONTO and MSADY.

Drawdown Indicators

	ONTO	MSADY	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-50.41%	-48.15%
Max Drawdown (1Y) Largest decline over 1 year	-20.24%	-17.55%	-2.69%
Max Drawdown (3Y) Largest decline over 3 years	-62.82%	-21.28%	-41.54%
Max Drawdown (5Y) Largest decline over 5 years	-62.82%	-29.89%	-32.93%
Max Drawdown (10Y) Largest decline over 10 years	-62.82%	-33.77%	-29.05%
Current Drawdown Current decline from peak	0.00%	-0.50%	+0.50%
Average Drawdown Average peak-to-trough decline	-54.69%	-15.37%	-39.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.45%	7.81%	-0.36%

Volatility

ONTO vs. MSADY - Volatility Comparison

Onto Innovation Inc. (ONTO) has a higher volatility of 22.52% compared to MS&AD Insurance Group Holdings PK (MSADY) at 7.73%. This indicates that ONTO's price experiences larger fluctuations and is considered to be riskier than MSADY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONTO	MSADY	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.52%	7.73%	+14.79%
Volatility (6M) Calculated over the trailing 6-month period	44.08%	20.61%	+23.47%
Volatility (1Y) Calculated over the trailing 1-year period	57.63%	26.01%	+31.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.75%	28.38%	+27.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.41%	26.03%	+25.38%

Dividends

ONTO vs. MSADY - Dividend Comparison

Neither ONTO nor MSADY has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MSADY MS&AD Insurance Group Holdings PK	0.00%	2.13%	2.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.84%	3.11%
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%

Financials

ONTO vs. MSADY - Profitability Comparison

The chart below illustrates the profitability comparison between Onto Innovation Inc. and MS&AD Insurance Group Holdings PK 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%.

MSADY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported a gross profit of 547.42B and revenue of 1.46T. Therefore, the gross margin over that period was 37.4%.

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%.

MSADY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported an operating income of 182.21B and revenue of 1.46T, resulting in an operating margin of 12.5%.

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%.

MSADY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported a net income of 132.63B and revenue of 1.46T, resulting in a net margin of 9.1%.

Frequently Asked Questions

Can I hold both ONTO and MSADY in my portfolio?

ONTO and MSADY have a correlation of 0.27, 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 MSADY?

ONTO has higher volatility (22.52%) compared to MSADY (7.73%). In terms of maximum drawdown, ONTO dropped -98.56% vs MSADY's -50.41%.

Which has better risk-adjusted returns?

ONTO currently has the higher Sharpe Ratio (3.91 vs 0.96), 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.